Wireless Electric Vehicle Charging Market: Future Growth And Opportunities Revealed By Techsci Research

By | May 29, 2023

According to a report by TechSci Research titled “Global Wireless Electric Vehicle Charging Market By Charging Type, Power Supply Range, Charging System, Vehicle Type, Region, Competition, Forecast & Opportunities, 2025,” the wireless electric vehicle charging market is expected to experience significant growth during the forecast period. This growth can be attributed to advancements in technology and strict regulations related to vehicle emissions, which are driving the adoption of electric vehicles worldwide and consequently fueling the wireless electric vehicle charging market. Moreover, governments in various countries are providing incentives to promote the electric vehicle market. The increasing number of electric vehicles on the road will lead to a greater deployment of electric vehicle wireless charging stations globally. However, the high initial cost of charging stations and investment in research and development may hinder market growth.

The global wireless electric vehicle charging market can be segmented based on charging type, power supply range, charging system, vehicle type, region, and company. Among these segments, passenger cars currently dominate the market and are projected to continue growing at a double-digit compound annual growth rate in the coming years. This is due to the early introduction of electric vehicle technology in passenger cars and the subsequent high sales in this segment. However, the sales outlook for commercial vehicles is also promising, as state and central governments are incorporating electric bus fleets into their transportation systems to reduce greenhouse gas emissions.

Browse market data Tables and Figures spread through  Pages and an in-depth TOC on ” Wireless Electric Vehicle Charging Market “


Leading players in the global wireless electric vehicle charging market include HEVO Inc., Daimler AG, Qualcomm Technologies, Witricity Corporation, Mojo Mobility, Hella Kgaa Hueck & Co., ZTE Corporation, Integrated Device Technology, Inc., Hella Kgaa Hueck & Co., and Toyota Motor Corporation. These automotive players are implementing organic growth strategies, such as investing in research and development, to introduce cost-effective charging solutions and maintain their market leadership.

“Europe is expected to be at the forefront of the global wireless electric vehicle charging market, thanks to the early adoption of wireless electric vehicle infrastructure in countries like Germany and the presence of leading automotive players in the region,” stated Mr. Karan Chechi, Research Director at TechSci Research, a global management consulting firm focused on research. “Additionally, the high sales of electric vehicles and the availability of vehicle charging infrastructure are projected to drive the European wireless electric vehicle charging market until 2025.”

“Global Wireless Electric Vehicle Charging Market By Charging Type, By Power Supply Range, By Charging System, By Vehicle Type, By Region, Competition, Forecast & Opportunities, 2025 has evaluated the future growth potential of global wireless electric vehicle charging market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global wireless electric vehicle charging market.

Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=4459

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About TechSci Research:

TechSci Research is a research-based management consulting firm providing market research and advisory solutions to its customers worldwide, spanning a range of industries. TechSci Research’s core values are value, integrity and insight. Led by a team of dynamic industry experts, TechSci Research provides its customers with high value market research and advisory services that helps them identify new market opportunities, growth engines and innovative ways to capture the market share. As a result, TechSci’s client leads rather than follow market trends. Not bound by legacy, TechSci’s cutting-edge research model leverages its decades of research knowledge and an increased use of technology as engines of innovation to deliver unique research value. Provided as an alternative to traditional market research, TechSci Research reports do not just deliver data and knowledge rather highlights the insights in a more usable and interactive format for its clients.


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