Turkey electric
vehicle wireless
charger
market is anticipated to grow at a steady CAGR during the forecast period,
2023-2027. The growing popularity of electric vehicles across the country,
along with the shift in inclination of original equipment manufacturers towards
autonomous technology, are the primary factors driving the growth of the Turkey
electric vehicle wireless charger market. The high-end investments by the
leading authorities for the development of smart roads and the government
policies to support wireless charging will create lucrative growth
opportunities for the market players in the coming years.
Increased Demand for Electric
Vehicles Drives the Market Growth
The growing concerns about
the adverse effects of carbon emissions on the environment and the limited
availability of conventional reserves on earth are shifting the consumers to
look for alternate fuels. Electric vehicles are the future, and the government
of Turkey has made plans to support the sale of electric vehicles across the
country. The government has announced its plan to make Turkey a global hub for
electric vehicle production. Turkey's Automobile Joint Venture Group (Togg) has
developed the country's first electric car with government support. Five models
of cars will be produced, and the government has guaranteed to buy 30,000
vehicles from Togg by 2035. Turkey's Automobile Joint Venture Group (Togg) was
established in 2018 by five industrial groups, including BMC, Kok Group, and
mobile phone operator Turkcell TCELL.IS and Zorlu Holding and Anadolu Group.
Government is willing to offer incentives, income tax rebates, VAT exemption,
and interest rate support to the electric vehicle manufacturers and buyers to
promote the adoption of electric vehicles within the country. To support the
widespread use of electric vehicles, they are also making plans to install
charging stations. Wireless charging stations are more flexible and provide the
customers the choice to charge their electric vehicles based on their needs and
convenience. Thus, the increased demand for electric vehicles is expected to
fuel the Turkey electric vehicle wireless charger market growth over the next
five years.
Growing Popularity of
Autonomous Technology Supports the Market Demand
Wireless inductive charging
allows electric vehicles to be charged without the need for cables. It is a
convenient vehicle charging mode and is hardly damaged compared to traditional
electric vehicle charging stations. There is no need for the electric vehicle
owner to step out of the vehicle and deal with heavy connectors, cables, and
the non-user-friendly interface of wired charging methods. With the wireless
electric vehicle charging method, the entire process of electric vehicle
charging is simplified. The driver only needs to align the car with the
transmitter pad on the ground, and the charging automatically starts. The
wireless charging method is considered highly beneficial for electric buses.
Wireless charging lowers the cost of operation and extends the life of the
battery. This charging method has the capacity to boost the penetration of
electric vehicles within the country and is still at a nascent stage. Most
projects are in the pilot stage. With the development of electric vehicles, the
development of electric
vehicle charging infrastructure is expected to grow significantly in
the next five years.
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Market Segmentation
Turkey electric vehicle
wireless charger market is segmented into vehicle type, installed location, power
source, charging system, regional distribution,
and company. Based on vehicle type, the market is divided into two-wheeler,
passenger car, and commercial vehicle. Based on installed location, the market
is bifurcated into commercial and residential. Based on power source, the
market is divided into 3≤11 KW, 11–50 KW, >50 KW. Based on charging system,
the market is divided into magnetic power transfer, capacitive power transfer, and
inductive power transfer. The Turkey electric vehicle wireless
charger market is studied in major regions namely Marmara, Central Anatolia,
Aegean, Mediterranean, Black Sea, South-Eastern Anatolia, Eastern Anatolia.
Market Players
Witricity Corporation,
Momentum Dynamic Corporation, Plugless Power Inc., EFACEC Power Solutions SGPS,
S.A., HEVO Inc., are the major market players operating in the Turkey electric
vehicle wireless charger market.
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Attribute
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Details
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Base Year
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2021
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Historic Data
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2017 – 2020
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Estimated Year
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2022
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Forecast Period
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2023 – 2027
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Quantitative Units
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Revenue in USD Million, Volume in Units, and
CAGR for 2017-2021 and 2022-2027
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Report coverage
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Revenue forecast, volume forecast, company share, competitive
landscape, growth factors, and trends
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|
Segments covered
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·
Vehicle Type
·
Installed Location
·
Power Source
·
Charging System
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Regional scope
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Marmara, Central Anatolia, Aegean, Mediterranean, Black Sea, South-Eastern
Anatolia, Eastern Anatolia
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Key companies profiled
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Witricity Corporation, Momentum Dynamic
Corporation, Plugless Power Inc., EFACEC Power Solutions SGPS, S.A., HEVO
Inc.
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Customization scope
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10% free report customization with purchase. Addition or
alteration to regional & segment scope.
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Pricing and purchase options
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Avail customized purchase options to meet
your exact research needs. Explore purchase options
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Delivery Format
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PDF and Excel through Email (We can also provide the editable
version of the report in PPT/Word format on special request)
|
Report Scope:
In this report, Turkey electric
vehicle wireless charger market has been segmented into following categories,
in addition to the industry trends which have also been detailed below:
- Turkey Electric
Vehicle Wireless Charger Market, By Vehicle Type:
- Two-Wheeler
- Passenger Car
- Commercial Vehicle
- Turkey Electric Vehicle Wireless Charger Market, By Installed Location:
- Turkey Electric Vehicle Wireless Charger
Market, By Power Source:
- Turkey Electric Vehicle Wireless Charger
Market, By Charging System:
- Magnetic Power Transfer
- Capacitive Power Transfer
- Inductive Power Transfer
- Turkey Electric
Vehicle Wireless Charger Market, By Region:
- Marmara
- Central Anatolia
- Aegean
- Mediterranean
- Black Sea
- South-Eastern Anatolia
- Eastern Anatolia
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in Turkey electric vehicle wireless
charger market.
Available Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to
five).
Turkey electric vehicle wireless
charger market is an upcoming report to be released soon. If you wish an early
delivery of this report or want to confirm the date of release, please contact
us at [email protected]