Global Wireless Electric Vehicle Charging Market is expected to witness exponentional growth during the forecast period.
Market Research Future published a Half Cooked Research Report Global Wireless Electric Vehicle Charging Market that contains the information from 2018 to 2023. The Global Wireless Electric Vehicle Charging Market is expected to progress with the CAGR of ~21% from 2019 to 2023.
Taste the market data and market information presented through more than 100 market data tables and figures spread in 88 numbers of pages of the project report. Avail the in-depth table of content & market synopsis on “Global Wireless Electric Vehicle Charging Market Information from 2018 to 2023″
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Wireless electric vehicle charging is used to charge automobile batteries. This type of charging system plays an important role in charging the vehicle battery while it is being driven. This process is known as dynamic wireless electric charging.
Key Players:
The prominent players in the global wireless electric vehicle charging market market include Plugless Power (USA), WiTricity (USA), Nission (Japan), Qualcomm, Inc. (USA), ZTE Corporation (China), ELIX Wireless (Canada), HEVO power (USA), Continental AG (Germany), Toshiba Corporation (Japan), and BMW (Germany).
Overview:
Growing electric vehicle production and consumption in developing countries are set to drive the global wireless electric vehicle charging market. Growing demand for environment-friendly vehicles and growing concern over safety in electric vehicles will further boost the growth of this market. Besides, increasing demand for autonomous and semi-autonomous vehicles, and technological advancements in the electric vehicles segment are providing growth opportunities to this market.
Increased investments in new product development will enable strategic mergers and acquisitions of small startups in this market, which will further enhance the global market during the forecast period. However, the major restraints for the global wireless electric vehicle charging market is high cost and energy loss during transmission.
The global Wireless Electric Vehicle Charging Market is estimated to witness ~21% CAGR during the period from 2018 to 2023.
Segmentation:
The global wireless electric vehicle charging market is segmented on the basis of charging type, power supply range, charging pad, charging station, propulsion, vehicle type, application, and region.
On the basis of charging type, the market has been segmented into dynamic and stationary wireless electric charging.
On the basis of power supply range, the market has been segmented into 3 to <7.7 KW, 7.7 to < 11KW), 11to < 20KW, 20 to < 50 KW, 50 KW and above. Based on charging pad, the market has been segmented into base charging pad, power control unit and vehicle charging pad.
Segmentation based on propulsion, the battery electric vehicle is expected to hold the larger share during the study period due the growing uses of lithium-ion battery and rising demand for dynamic wireless charging vehicles. In addition, the growing demand for e-mile lifestyle especially from developed and developing regions are set to drive the growth of this segment, which in turn drives the growth of air brake system market.
Segmentation based on application, the aftermarket segment is projected to witness faster growth during the review period. This growth is attributed due to the growing electric vehicle market.
