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Wireless Electric Vehicle Charging Market Growth Impact & Demand by Regions Till 2020

Stringency in emission regulations have led the OEMs and government to promote the usage of the electric vehicles. This has resulted to increase in demand for the electric vehicles.

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Wireless Electric Vehicle Charging Market Growth Impact & Demand by Regions Till 2020

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  1. Wireless Electric Vehicle Charging Market Wireless Electric Vehicle Charging Market by Power Source (3 - <11 Kw, 11 - 50 Kw and >50 Kw), Installation (Home and Commercial), Distribution Channel (OEMs and Aftermarket), and Vehicle Type (Battery Electric Vehicles (BEV), Plug - In Hybrid Electric Vehicle (HEV) and Commercial Electric Vehicles): Global Opportunity Analysis and Industry Forecast, 2018 - 2025

  2. Wireless Electric Vehicle Charging Market "Wireless Electric Vehicle Charging Market by Power Source, Installation, Distribution Channel, and Vehicle Type: Global Opportunity Analysis and Industry Forecast, 2018 - 2025,"the wireless EV charging market accounted for $21.8 million in 2017, and it is expected to reach $1,478.4 million by 2025, growing at a CAGR of 22.4% from 2018 to 2025. In 2018, Europe dominated the global market, in terms of revenue, accounting for about 39.04% share, followed by North America. In the wireless electric vehicle charging industry the EV charging is an emerging technology that provides enhanced durability of electric vehicles (EVs) and ease of charging. The miles covered per charge by the electric vehicles and the availability of the charging stations, and time required for charging are some of the restraining factors for the adoption of the electric vehicles. The electric vehicles are premium vehicles; hence they are equipped with the high-end features such as premium lighting, infotainment, and touch screen panels. These features are powered by the soul battery box available for traction and auxiliary functions. The regular use of these devices causes excessive draining of battery. These issues can be resolved with the help of wireless charging technology.

  3. Qualcomm Incorporated, Texas Instruments, Inc., Integrated Device Technology, Inc., Power mat Technologies Ltd., and WiTricity Corporation are the major product & service providers across the globe. The wireless EV charging market size is projected by 2025. In addition, increase in government initiative to maintain secure & safe environment and to reduce greenhouse gas emissions is expected to boost the growth of the electric vehicles and thus the required charging infrastructure. Based on power source, the wireless EV charging market analysis is done into 3–<11 kW, 11–50 kW, and >50 kW. The market is expected to reach $1,478.4 billion by 2025, growing at a CAGR of 22.4% during the forecast period due to higher adoption of 11–50 kW power source for home and commercial application. Based on distribution channel, the market is classified into OEMs and Aftermarket services, among which aftermarket segment is expected to secure highest market share and it is anticipated to witness higher growth rate during the forecast period. For more information about this report visit https://www.alliedmarketresearch.com/wireless-electric-vehicle-charging-market Increase in sales of electric vehicles (EVs), and frequent need of harvesting ambient RF energy are expected to drive and provide wireless charging market opportunity during the forecast period. However, expensive technology for its integration and slower charging as compared to other charging technologies are anticipated to hamper the growth of the market. Moreover, excessive research in far-field wireless charging technologies and increase in Internet of Things (IoT) are expected to offer lucrative opportunities in future. Opportunities such as usage of IoT technologies, digital applications, and autonomous ride sharing are expected to boost the demand for the wireless electric vehicle charging market.

  4. Key Benefits for Wireless Ev Charging Market: The report includes an in-depth analysis of different segments and provides market estimations between 2018 and 2025. Porter’s five forces model illustrates the potency of buyers & sellers, which is estimated to assist the market players to adopt effective strategies and understand wireless electric vehicle charging market growth. Key market players are profiled to gain an understanding of the strategies and wireless electric vehicle charging market Opportunity tapped by the key players. This report helps to understand the wireless EV charging market trends and future estimations from 2018 to 2025, which helps identify the prevailing market opportunities.

  5. Wireless Electric Vehicle Charging Market By Region

  6. Wireless Electric Vehicle Charging Market Key Players Continental AG Robert Bosch Gmbh Qualcomm Inc. Toyota Motor Corporation Powermat Technologies Ltd Texas Instruments Inc. WITRICITY CORPORATION. Toshiba Corporation. Elix Wireless Evatran Group Inc

  7. Ask for more information https://www.alliedmarketresearch.com/contact-us

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