Wireless Charging for Electric Vehicle Market worth $234 million by 2027

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MarketsandMarkets Presents

Wireless Charging for Electric Vehicle Market
worth 234 million by 2027
https//www.marketsandmarkets.com/Market-Reports/w
ireless-ev-charging-market-170963517.html
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The report "Wireless Charging for Electric
Vehicle Market by Power Supply (3lt11, 1150,
gt50 KW), Application (Home Commercial),
Distribution channel (Aftermarket OE),
Component, Charging system, Propulsion, Vehicle
type, Region - Global Forecast to 2027" The
wireless charging for electric vehicle market is
projected to grow at a CAGR of 46.8 during the
forecast period, to reach USD 234 million by 2027
from USD 16 million in 2020. Browse 163 Market
Data Tables and 61 Figures spread
through 203 Pages and in-depth TOC on "Wireless
Charging for Electric Vehicle Market The
increasing demand and sales of electric vehicles,
government regulations to curb emission, and
rapidly developing infrastructure are expected to
drive the growth of the wireless charging for
electric vehicle market. OEMs have partnered with
wireless charging technology manufacturers to
develop charging infrastructure for the
convenience of electric vehicle owners. BEV is
estimated to hold the largest market share during
the forecast period Government initiatives to
promote zero or low-emission vehicles have
contributed to the growth of BEVs. The
governments of some countries now provide
subsidies for environment-friendly cars to
encourage the use of BEVs.
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For instance, the Chinese government provides
subsidies of RMB 55,000 on the purchase of a
passenger BEV and RMB 30,000 for a PHEV. Get The
PDF Brochure For This Report _at_ https//www.markets
andmarkets.com/pdfdownloadNew.asp?id170963517
Dynamic charging is estimated to be the fastest
growing segment of wireless charging for electric
vehicle market Dynamic charging is estimated to
be the fastest growing segment of wireless
charging for electric vehicle market. With
benefits such as no waiting time for charging a
vehicle, dynamic charging technology has become
popular in the electric vehicle industry.
Wireless charging system manufacturer Electreon
occupies a 3,000 sqm facility near Tel Aviv with
a 260-meter circular test road. The wireless
power transfer technology includes a unique DWPT
system (Dynamic Wireless Power Transfer) Road
infrastructure - coils placed under the road at
the center of the traffic lane. Future roads and
highways are expected to be equipped with this
technology, and drivers would have to pay a tax
for entering the lane to charge their electric
vehicle on the move.
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The wireless charging for electric vehicle
market is dominated by globally established
players such as Robert Bosch GmbH (Germany),
Continental AG (Germany), WiTricity Corporation
(US), ZTE Corporation (China), and HELLA KGaA
Hueck Co. (Germany). Europe is expected to
dominate the wireless charging for electric
vehicle market in 2027 Europe is expected to be
the largest market for wireless charging of
electric vehicle during the forecast period. The
improved infrastructure in this region will
enable the easy installation of wireless charging
systems for electric vehicles. The presence of
leading players such as Robert Bosch GmbH,
Continental AG, and HELLA KGaA Hueck Co. is
also expected to drive the growth of wireless
charging for electric vehicle market in the
region. Reduced price of the battery and
improving sales of electric vehicles would also
contribute to the growth in this region.  To
speak to our analyst for a discussion on the
above findings, click Speak to Analyst
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• Key questions addressed by the report
• What will be the impact of recent developments on
  the wireless charging industry in the mid- to
  long-term?
• How is the increasing adoption of electric
  vehicles and changing environmental norms
  affecting the wireless charging for electric
  vehicle market?
• How does dynamic charging for electric vehicles
  work?
• Who are the key players in the wireless charging
  market and how intense is the competition?
• How will the advent of autonomous vehicles impact
  the market?
• Request FREE Sample Report _at_ https//www.marketsan
  dmarkets.com/requestsampleNew.asp?id170963517

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ireless-ev-charging-market-170963517.html
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