According to Verified Market Research, the Global Wireless EV Charging Market was valued at USD 1.64 Million in 2018 and is projected to reach USD 757.81 Million by 2026, growing at a CAGR of 115.3% from 2019 to 2026.
What is Wireless EV Charging?
Wireless Electric Vehicle Charging (WEVC) is a type of wireless charging technology that is highly efficient, convenient and easy-to-use for charging Electric Vehicles (EV). Wireless charging for EVs utilizes near-field charging (NFC). In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
The Final Report will cover the impact analysis of COVID-19 on this industry:
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Factors such as growing demand for safety & convenience, rising fast-charging infrastructure for EVs, and increasing miles driven by EVs have been driving the global Wireless EV Charging market. On the other hand, high Upgrading cost of Wireless Charging Technology might act as a restraint for the overall market at a global level.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global Wireless EV Charging Market” is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market. This can be of a great use in gaining knowledge about the cutting-edge technologies in the market.
Global Wireless EV Charging Market Competitive Landscape
The “Global Wireless EV Charging Market” study report will provide a valuable insight with an emphasis on global market including some of the major players as given below:
• Robert Bosch GmbH
• Continental AG
• Toyota Motor Corporation
• Toshiba Corporation
• WiTricity Corporation
Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above mentioned players globally.
Research Methodology of Verified Market Research:
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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
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• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
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