The Wireless Electric Vehicle Charging Market is anticipated to register a CAGR of 48.82% during the forecast period. The wireless electric vehicle market is mostly based on the form of inductive coupling, where energy passes through a device and is used for charging. The OEMs segment and government emphasize electric vehicles to reduce the carbon-emitting vehicles drives the market. The increasing usage of the Wireless Electric Vehicle contributes to the growth of the Wireless Electric Vehicle Charging solutions. Based on the research by the IEA, in 2019, the electric car profit was 2.1 million globally. This constant growth can continue and can impact the market growth. The surge in demand for electric vehicles adoption of improved technology produces efficient electric vehicle charging solutions. The pandemic has affected the Wireless Electric Vehicle Charging Market Analysis very several due to the decline in mobility which leads to less time on the electric vehicle technologies. Although with the improvement in the situation, the industry is expected to recover from the loss and grow in the forecast period.
Get Sample of Report @ https://www.marketresearchfuture.com/sample_request/1087
Wireless Electric Vehicle Charging Market -
Competitive Analysis
Highly competitive, the wireless electric vehicle charging
market appears fragmented due to the presence of several well-established
players. These players incorporate strategies like mergers & acquisitions,
collaboration, technology/product launch, and expansion to gain a larger
competitive share.
Major Players:
Players leading the global wireless electric vehicle charging
market include Leviton (U.S.), ABB (Switzerland), WiTricity Corporation (U.S),
Siemens (Germany), Convenient Power HK Limited (Hong Kong), Delphi Automotive
(U.K.), Bosch Group (Germany), and Qualcomm (U.S.), among others.
Additionally, large-scale implementations of truly wireless EV
powering solutions and the game-changing wireless charging road systems led by
the government initiatives to revolutionize mobility influence the market
growth. Today, most industry players use electromagnetic resonance effects, which
are practically identical to the current Qi standard, that is, using a charging
pad. The demand for wireless EV charging solutions like Wi-Fi connectivity is
expected to increase hugely in the future.
On the other hand, wireless power transmission solutions
require a large structure which is a costly affair. Besides, charging stations’
unsafe frequencies are harmful to living organisms and can be expensive.
Therefore, high investments requirement for the development of charging
stations or infrastructures and unsafe frequencies are major growth impeding
factors for the market.
Nevertheless, increasing R&D investments to develop
innovative wireless EV charging solutions would support the market growth
throughout the review period. Wireless charging enables vehicles on the go and
keeps cities clean, allowing practically invisible charging during regular
operation. This automatic system dispenses with the need for
visually-detracting cabling or charging pads sunk into or on the roadway.
Wireless Electric Vehicle Charging Market -
Segmentation
The report is segmented into three dynamics;
By Technology: Inductive
Charging, Conductive Charging, Dynamic Charging, Magnetic Resonance, among
others.
By Component: Electromagnetic
Induction, Wireless Power Receiver, Rectifies, Power Distribution
Box, Vehicle Receiver Unit, Ground Transmission Unit, Battery, and others.
By Regions
: Americas, Europe, Asia Pacific, and
Rest-of-the-World.
Wireless Electric Vehicle Charging Market -
Regional Analysis
North America dominates the global wireless electric vehicle
charging market. The largest market share attributes to government initiatives
to reduce dependency on fuel-driven vehicles that profit the electric vehicle
market and create vehicle charging solutions. Moreover, the growing demand for
electric vehicles with a low operating cost and government support for the
development of the wireless EV charging industry push the regional market
growth.
The Asia Pacific region stands second in the global
wireless electric vehicle charging market. The market is driven by advancements
in wireless charging technologies and charging devices. Besides, the
massive increase in the production and sales of e-vehicles in the region
increases the installation of the wireless EV charging system, and solutions
drive the market growth.
Europe also accounts for a considerable share in the global
wireless electric vehicle charging market. Factors such as investments in
research & development and a large EV user base create a huge demand for
wireless EV charging devices. Additionally, regulatory laws implemented to
minimize vehicle emissions and favorable incentives policies substantiate the
market demand, increasing electric vehicle sales.
Industry/ Innovation/ Related News
Feb. 18, 2021 ----- IPT
Group, a global manufacturer of wireless charging and electrification solutions
for industrial and e-mobility applications, announced the acquisition of
Primove, the e-mobility inductive charging technology portfolio from
Bombardier.
Primove technology complements IPT’s existing IP and product
portfolio and speeds up its product-to-market plans. The acquisition would
enable IPT to offer a complete product portfolio, combining two cleantech
scale-ups in wireless power transfer for e-mobility, benefiting from synergies,
thereby accelerate its markets.
Get
complete Report @ https://www.marketresearchfuture.com/reports/wireless-electric-vehicle-charger-market-1087
At Market Research Future (MRFR), we enable
our customers to unravel the complexity of various industries through our
Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research
Reports (3R), Continuous-Feed Research (CFR), and Market Research &
Consulting Services.
MRFR team have supreme objective to provide
the optimum quality market research and intelligence services to our clients.
Our market research studies by products, services, technologies, applications,
end users, and market players for global, regional, and country level market
segments, enable our clients to see more, know more, and do more, which help to
answer all their most important questions.
Media Contact:
Market Research Future (Part of Wantstats Research and
Media Private Limited)
99 Hudson Street, 5Th Floor
New York, NY 10013
United States of America
+1 628 258 0071 (US)
+44 2035 002 764 (UK)
Email: sales@marketresearchfuture.com
Website: https://www.marketresearchfuture.com
No comments:
Post a Comment