Wireless Electric Vehicle Charging Market to Grow at a Double Digit CAGR Through 2025
Growing adoption of electric
vehicle and increasing R&D spending in this sector to drive global wireless
electric vehicle charging market until 2025
According
to TechSci Research report, “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”, the global wireless electric
vehicle charging market is predicted to grow at a robust CAGR during the
forecast period on account of technological advancements and stringent norms
related to vehicle emissions which is boosting the adoption of electric vehicle
market across the globe; consequently, driving the wireless electric vehicle
charging market. Moreover, governments in several economies are offering
incentives to give a push to the electric vehicle market. Increased number of
on-road electric vehicles will result in increased deployment of electric
vehicle wireless charging stations across the globe. However, high initial cost
of charging stations and investment in R&D can hamper the growth of the
market.
Browse market data Tables and Figures spread through Pages and an
in-depth TOC on " Wireless Electric Vehicle Charging
Market “
https://www.techsciresearch.com/report/wireless-electric-vehicle-charging-market/4459.html
Wireless electric vehicle charging market, globally, can
be segmented based on charging type, power supply range, charging system,
vehicle type, region and company. Based on vehicle type, passenger cars
dominated the market and the vehicle type is projected to grow at a double-digit
CAGR in the coming years as well on account of early introduction of electric
vehicle technology into passenger cars and corresponding high sales of the
segment. However, the outlook for the sales commercial vehicles is quiet
promising. State and central governments are adding electric bus fleets to
their transportation systems in order curb greenhouse emissions.
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HEVO Inc., Daimler AG, Qualcomm Technologies,
Witricity Corporation, Mojo Mobility, Hella Kgaa Hueck & Co., ZTE
Corporation, Integrated Device Technology, Inc., Hella Kgaa Hueck & Co., Toyota
Motor Corporation, among others are the leading players operating in
global wireless electric vehicle charging market. The automotive players in the
market are using organic growth strategies such as investment in R&D so
that they can introduce cost-effective charging solutions, helping them to
retain their leading position in the market.
“Europe is expected to lead the global wireless electric vehicle
charging market on the back of early adoption of wireless electric vehicle
infrastructure in countries like Germany and presence of leading automotive players
in the region. Additionally, high sales of electric vehicles and presence of
vehicle charging infrastructure is projected to boost the European wireless
electric vehicle charging market until 2025.” said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
firm.
“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.
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