Wireless EV Charging Market to Grow at 117.56% CAGR to 2025 - Find Out Top Impacting Factor of Growth by Opportunity and Industry Forecast
Wireless EV charging system manufacturers are increasing R&D investments, which are coupled with the growing number of partnerships and joint ventures between major OEMs and domestic players. These strategies have created growth opportunities for the wire
(EMAILWIRE.COM, December 19, 2018 ) The wireless EV charging market is estimated to be USD 8 million in 2020 and is projected to reach USD 407 million by 2025, at a CAGR of 117.56% during the forecast period. Increasing focus on R&D activities and rapid technological changes owing to the changing government norms for emissions are projected to drive the wireless EV charging market.
Get Free Sample Papers of Global Wireless EV Charging Market Research Report Now at https://www.reportsnreports.com/contacts/requestsample.aspx?name=1179184 .
The major players in wireless EV charging market include WiTricity Corporation (US), Evatran Group (Plugless) (US), Momentum Dynamics Corporation (US), Qualcomm Technologies, Inc. (US), Bombardier, Inc. (Canada), ELIX Wireless (Canada), Continental AG (Germany), and Bosch (Germany).
Qualcomm is anticipated to be a dominant player in the wireless EV charging market. It adopted the strategies of new product development, partnership, and merger & acquisition to retain its leading position in the wireless EV charging market. Strengthening the product portfolio and global presence by building customer relationships, Qualcomm has developed a dynamic wireless charging project funded by the European Commission. This is the strategy that Qualcomm is following to maintain its leadership in this market.
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The rising demand for BEVs and PHEVs is fueling the overall growth of the wireless EV charging market. Growing environmental concerns, rising fossil fuel prices, long-term supply concerns, and improved technology are acting as the key drivers accelerating the growth of the BEV and PHEV technology. Many OEMs are offering BEVs and PHEVs equipped with wireless power transfer technology. For instance, the new Toyota Prius, a PHEV by Toyota, is equipped with a new wireless charging system developed by WiTricity Corporation. Thus, increasing the overall growth of the home charging stations.
The study contains insights from various industry experts, ranging from component suppliers to tier 1 companies and OEMs. The break-up of the primaries is as follows:
• By Company Type: Tier 1:46%, Tier 2:41%, OEM:13%
• By Designation: C level:49%,D level:42%,Others:9%
• By Region: North America:33%, Europe:52%, Asia Pacific:13%, RoW: 2%
The report covers the wireless EV charging market, by volume, on the basis of region (Asia Pacific, Europe, North America, and the Rest of the World),charging station (Home Charging Station and Commercial Charging Station), charging type (Dynamic and Stationary), vehicle type (Commercial Vehicle and TwoWheeler), installation (Aftermarket/Retrofit and OE Market), component (Base Charging Pad, Power Control Unit, and Vehicle Charging Pad), power supply range (3– 50 kW), and propulsion (BEV and PHEV).
Click Here to Order the Wireless EV Charging Market by Charging Station (Home, Commercial), Charging (Stationary, Dynamic), Propulsion (BEV, PHEV), Power Supply (3-< 11 KW, 11–50 KW, & >50 KW), Vehicle (CV, 2 wheeler), Component, Installation, and Region - Global Forecast to 2025 Now at https://www.reportsnreports.com/purchase.aspx?name=1179184 .
The report contains various levels of analysis, including industry analysis, industry trends, and company profiles, which together comprise and discuss the basic views on the emerging and high-growth segments of the wireless EV charging market, high-growth regions and countries, government initiatives, and market dynamics such as drivers, restraints, opportunities, and challenges.
Get Free Sample Papers of Global Wireless EV Charging Market Research Report Now at https://www.reportsnreports.com/contacts/requestsample.aspx?name=1179184 .
The major players in wireless EV charging market include WiTricity Corporation (US), Evatran Group (Plugless) (US), Momentum Dynamics Corporation (US), Qualcomm Technologies, Inc. (US), Bombardier, Inc. (Canada), ELIX Wireless (Canada), Continental AG (Germany), and Bosch (Germany).
Qualcomm is anticipated to be a dominant player in the wireless EV charging market. It adopted the strategies of new product development, partnership, and merger & acquisition to retain its leading position in the wireless EV charging market. Strengthening the product portfolio and global presence by building customer relationships, Qualcomm has developed a dynamic wireless charging project funded by the European Commission. This is the strategy that Qualcomm is following to maintain its leadership in this market.
Get Discount on Wireless EV Charging Market Research Report Now at https://www.reportsnreports.com/contacts/discount.aspx?name=1179184 .
The rising demand for BEVs and PHEVs is fueling the overall growth of the wireless EV charging market. Growing environmental concerns, rising fossil fuel prices, long-term supply concerns, and improved technology are acting as the key drivers accelerating the growth of the BEV and PHEV technology. Many OEMs are offering BEVs and PHEVs equipped with wireless power transfer technology. For instance, the new Toyota Prius, a PHEV by Toyota, is equipped with a new wireless charging system developed by WiTricity Corporation. Thus, increasing the overall growth of the home charging stations.
The study contains insights from various industry experts, ranging from component suppliers to tier 1 companies and OEMs. The break-up of the primaries is as follows:
• By Company Type: Tier 1:46%, Tier 2:41%, OEM:13%
• By Designation: C level:49%,D level:42%,Others:9%
• By Region: North America:33%, Europe:52%, Asia Pacific:13%, RoW: 2%
The report covers the wireless EV charging market, by volume, on the basis of region (Asia Pacific, Europe, North America, and the Rest of the World),charging station (Home Charging Station and Commercial Charging Station), charging type (Dynamic and Stationary), vehicle type (Commercial Vehicle and TwoWheeler), installation (Aftermarket/Retrofit and OE Market), component (Base Charging Pad, Power Control Unit, and Vehicle Charging Pad), power supply range (3– 50 kW), and propulsion (BEV and PHEV).
Click Here to Order the Wireless EV Charging Market by Charging Station (Home, Commercial), Charging (Stationary, Dynamic), Propulsion (BEV, PHEV), Power Supply (3-< 11 KW, 11–50 KW, & >50 KW), Vehicle (CV, 2 wheeler), Component, Installation, and Region - Global Forecast to 2025 Now at https://www.reportsnreports.com/purchase.aspx?name=1179184 .
The report contains various levels of analysis, including industry analysis, industry trends, and company profiles, which together comprise and discuss the basic views on the emerging and high-growth segments of the wireless EV charging market, high-growth regions and countries, government initiatives, and market dynamics such as drivers, restraints, opportunities, and challenges.
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ReportsnReports
Mr. Vishal
Tel: + 18883915441
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results