Wireless Charging for Electric Vehicle Market worth $234 million by 2027
                     MarketsandMarkets 
Presents
Wireless Charging for Electric 
Vehicle Market worth $234 million 
by 2027
https://
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market-170963517.html
 
The report "Wireless Charging for Electric Vehicle Market by Power 
Supply (3–50 KW), Application (Home & 
Commercial), Distribution channel (Aftermarket & OE), 
Component, Charging system, Propulsion, Vehicle type, & Region 
- Global Forecast to 2027" The wireless charging for electric vehicle 
market is projected to grow at a CAGR of 46.8% during the forecast 
period, to reach USD 234 million by 2027 from USD 16 million in 2020.
Browse 163 Market Data Tables and 61 Figures spread 
through 203 Pages and in-depth TOC on "Wireless Charging for 
Electric Vehicle Market
The increasing demand and sales of electric vehicles, government 
regulations to curb emission, and rapidly developing infrastructure are 
expected to drive the growth of the wireless charging for electric vehicle 
market. OEMs have partnered with wireless charging technology 
manufacturers to develop charging infrastructure for the convenience of 
electric vehicle owners.
BEV is estimated to hold the largest market share during the 
forecast period
Government initiatives to promote zero or low-emission vehicles have 
contributed to the growth of BEVs. The governments of some countries 
now provide subsidies for environment-friendly cars to encourage the use 
of BEVs. 
For instance, the Chinese government provides subsidies of RMB 55,000 
on the purchase of a passenger BEV and RMB 30,000 for a PHEV.
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Dynamic charging is estimated to be the fastest growing 
segment of wireless charging for electric vehicle market
Dynamic charging is estimated to be the fastest growing segment of 
wireless charging for electric vehicle market. With benefits such as no 
waiting time for charging a vehicle, dynamic charging technology has 
become popular in the electric vehicle industry. Wireless charging 
system manufacturer Electreon occupies a 3,000 sqm facility near Tel 
Aviv with a 260-meter circular test road. The wireless power transfer 
technology includes a unique DWPT system (Dynamic Wireless Power 
Transfer) Road infrastructure - coils placed under the road at the center 
of the traffic lane. Future roads and highways are expected to be 
equipped with this technology, and drivers would have to pay a tax for 
entering the lane to charge their electric vehicle on the move.
The wireless charging for electric vehicle market is dominated by globally 
established players such as Robert Bosch GmbH (Germany), Continental AG 
(Germany), WiTricity Corporation (US), ZTE Corporation (China), and HELLA 
KGaA Hueck & Co. (Germany).
Europe is expected to dominate the wireless charging for electric 
vehicle market in 2027
Europe is expected to be the largest market for wireless charging of electric 
vehicle during the forecast period. The improved infrastructure in this region 
will enable the easy installation of wireless charging systems for electric 
vehicles. The presence of leading players such as Robert Bosch GmbH, 
Continental AG, and HELLA KGaA Hueck & Co. is also expected to drive the 
growth of wireless charging for electric vehicle market in the region. Reduced 
price of the battery and improving sales of electric vehicles would also 
contribute to the growth in this region. 
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Key questions addressed by the report:
• What will be the impact of recent developments on the wireless 
charging industry in the mid- to long-term?
• How is the increasing adoption of electric vehicles and changing 
environmental norms affecting the wireless charging for electric 
vehicle market?
• How does dynamic charging for electric vehicles work?
• Who are the key players in the wireless charging market and how 
intense is the competition?
• How will the advent of autonomous vehicles impact the market?
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