London, UK -- (SBWIRE) -- 01/21/2022 -- Wireless EV Charging Market is valued approximately at USD 26.71 million in 2018 and is anticipated to grow with a healthy growth rate of more than 22.5% over the forecast period 2021-2027. Wireless charging also known as conductive charging or cordless charging, is a charging which is done by using an electromagnetic field to transmit energy between two objects or points through electromagnetic induction. It is highly necessary to have a charging station to execute the wireless EV charging. This technology is a convenient, consistent, and safe technology to power and charge the electric vehicles. It also provides economical and safer advantages over the traditional charging systems by eliminating the usage of physical cables and connectors.

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The leading market players included are:

Continental AG
Robert Bosch GmbH
Qualcomm, Inc.
Bombardier Inc.
Toyota Motor Corporation
Witricity Corporation
Hella KGaA Hueck & Co.
Toshiba Corporation
ZTE Corporation
Elix Wireless

Increasing sales of electric vehicles, rise in demand for energy-efficient sources and increasing infrastructure for fast or dash chargers are the few factors responsible for high CAGR of the market over the forecast period. For instance: it is estimated that global electric vehicles sales totaled about 312,000 in Q1 2018, an increase of 58% compared to Q1 2017, as per the Edison Electric Institute. Also, it is estimated that number of electric vehicles on the road in the United States, is about 8,90,000 in 2018, up from number of electric vehicles of approximately 6,00,000 in 2017. Moreover, rise in demand for semi-autonomous & autonomous vehicles and growing development of wireless charging systems for commercial EVs are the major factor likely to create lucrative growth opportunity to the market in the upcoming years.

The Wireless EV Charging market analysis includes market insights, product descriptions, commercial enterprise agency profiles, revenue, and entering into touch with records. This look affords a historic examination of the worldwide market similarly to market forecasts through the area. And subsectors. It consists of complete records in all regions, in addition to an all-encompassing assessment of all segments, classes, local and us of segments investigated in the studies, as well as an all-encompassing evaluation of all segments, lessons, local and worldwide segments investigated within forecast duration 2022-2028.

The research may be used to evaluate the Wireless EV Charging market via manner of businesses, investors, stakeholders, companies, carrier vendors, and distributors. Trends inside the international industry and advertising are studied to gain higher know-how of the prevailing-day market situation. To provide an entire depiction of the predicted market period, the global market assesses and researches consumption, cost, growth, and development plans overcast length 2022-2028. To achieve a better stage of accuracy, actual numbers were additionally validated via the use of official belongings. Further estimates have been based totally on interviews and the critiques of experienced market research specialists.

Market Segmentation

The Wireless EV Charging file is the result of an in-intensity examination of the diffusion of factors influencing local development, such as the location's economic, social, technological, environmental, and political times. Analysts tested earnings, production, and producer statistics for each location. For the projection duration, this segment examines sales and extent with the aid of an area. These critiques will assist the reader to decide the worth of funding in a particular region.

The detailed segments and sub-segment of the market are explained below:

By Power Source:
3 - <11 Kw
11 - 50 Kw
>50 Kw

By Installation:
Home
Commercial

By Distribution Channel:
OEMs
Aftermarket

By Vehicle Type:
Battery Electric Vehicles (BEV)
Plug - In Hybrid Electric Vehicle (HEV)
Commercial Electric Vehicles

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Competitive Outlook

The most crucial manufacturers inside the Wireless EV Charging market are defined in this segment of the document. It assists the reader in understanding the techniques and collaboration that businesses are strolling on in terms of market opposition. The in-depth research appears on the market on a micro-stage. Knowing the worldwide sales of manufacturers, the worldwide charge of manufacturers and the worldwide manufacturing of manufacturers over the projection length lets the reader emerge as privy to the footprints of the producers.

Target Audience of the Global Wireless EV Charging Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Key Questions Answered within the Wireless EV Charging Market Report

-What are the maximum commonplace techniques used by gamers to grow their market percentage?
-What is the market's cutting-edge outlook, together with its drivers, restraints, risks, and opportunities?
-What is the boom functionality of growing economies inside the coming years?
-Which are the leading zone and categories within the goal market's sales, revenue, and market per cent examined?

Key Objectives of Market Research Report

-This report highlights new product launches, untapped geographies, recent advancements, and investments.
-Provides in-depth research of profitable emerging markets as well as Wireless EV Charging market penetration across mature categories.
-Provides in-depth coverage of emerging technologies, R&D efforts, and game-changing product innovations.
-The top companies' market shares, strategies, products, certification, regulatory approvals, patent landscape, and production capacity are all examined in depth.

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