The global market for Wireless EV Charging was valued at US$159.5 Million in 2024 and is projected to reach US$5.5 Billion by 2030, growing at a CAGR of 80.3% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
Wireless charging eliminates the need for manual connections, reducing the time and effort involved in charging electric vehicles. This is particularly appealing in public and commercial settings, such as shopping centers or office buildings, where ease of use and efficiency are paramount. Additionally, the integration of wireless charging technology into the urban infrastructure, such as streets or public parking spots, can facilitate more frequent charging and longer electric vehicle ranges, further boosting the appeal of EVs. Another major driver is the rapid advancement of compatible infrastructure and vehicle technology. As more automakers incorporate wireless charging capabilities into their vehicles, the supporting infrastructure continues to expand. Technological advancements in terms of efficiency, reduced costs, and faster charging speeds also contribute to its adoption. Governments and private sectors are increasingly investing in the development of smart cities, where wireless EV charging can play a significant role in reducing the carbon footprint by supporting a seamless transition to electric vehicle use.
As the automotive industry moves towards greater autonomy, the ability of vehicles to charge themselves without human intervention becomes increasingly valuable. This capability is expected to enhance the operational efficiency of autonomous fleets, particularly in commercial uses like taxis and delivery services. Advancements in Vehicle-to-Grid (V2G) technology could further revolutionize this space by allowing EVs to interact with the power grid to supply electricity during peak times, potentially stabilizing energy costs and enhancing grid resilience.
Global Wireless EV Charging Market - Key Drivers and Trends Summarized
Wireless charging technology stands out as a promising solution to enhance the convenience of electric vehicle use. This method, which eliminates the need for physical cables, allows for an effortless charging process that could be seamlessly integrated into various environments such as home garages, public parking lots, and potentially even dynamic charging lanes. Wireless EV charging system utilizes an electromagnetic field to transfer energy between two objects through electromagnetic induction. The process involves a charging station (transmitter) sending energy through an inductive coupling to an electric vehicle (receiver), which converts the energy back into electricity to charge the battery. The technology supports the growing infrastructure for electric vehicles, aiming to enhance convenience and reduce the physical wear associated with traditional charging methods.Wireless charging eliminates the need for manual connections, reducing the time and effort involved in charging electric vehicles. This is particularly appealing in public and commercial settings, such as shopping centers or office buildings, where ease of use and efficiency are paramount. Additionally, the integration of wireless charging technology into the urban infrastructure, such as streets or public parking spots, can facilitate more frequent charging and longer electric vehicle ranges, further boosting the appeal of EVs. Another major driver is the rapid advancement of compatible infrastructure and vehicle technology. As more automakers incorporate wireless charging capabilities into their vehicles, the supporting infrastructure continues to expand. Technological advancements in terms of efficiency, reduced costs, and faster charging speeds also contribute to its adoption. Governments and private sectors are increasingly investing in the development of smart cities, where wireless EV charging can play a significant role in reducing the carbon footprint by supporting a seamless transition to electric vehicle use.
As the automotive industry moves towards greater autonomy, the ability of vehicles to charge themselves without human intervention becomes increasingly valuable. This capability is expected to enhance the operational efficiency of autonomous fleets, particularly in commercial uses like taxis and delivery services. Advancements in Vehicle-to-Grid (V2G) technology could further revolutionize this space by allowing EVs to interact with the power grid to supply electricity during peak times, potentially stabilizing energy costs and enhancing grid resilience.
Report Scope
The report analyzes the Wireless EV Charging market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.Segments
Propulsion (BEV, PHEV); Charging System (Inductive Power Transfer, Magnetic Power Transfer, Capacitive Power Transfer); Application (Home Charging Unit, Commercial Charging Station); Vehicle Type (Passenger Cars, Commercial Vehicles).Geographic Regions/Countries
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.Key Insights:
- Market Growth: Understand the significant growth trajectory of the BEV Charging segment, which is expected to reach US$3.9 Billion by 2030 with a CAGR of a 82.5%. The PHEV Charging segment is also set to grow at 75.6% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, valued at $36.7 Million in 2024, and China, forecasted to grow at an impressive 91.9% CAGR to reach $1.9 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Bombardier, Continental AG, Evatran Group Inc., Fulton Innovation, Integrated Device Technology, Inc. and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Wireless EV Charging Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Wireless EV Charging Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Wireless EV Charging Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Some of the 36 major companies featured in this Wireless EV Charging market report include:
- Bombardier
- Continental AG
- Evatran Group Inc.
- Fulton Innovation
- Integrated Device Technology, Inc.
- Powermat Technologies Ltd
- Qualcomm Inc.
- Robert Bosch GmbH
- Texas Instruments Inc.
- Toyota Motor Corporation
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISCANADAITALYSPAINRUSSIAREST OF EUROPESOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Bombardier
- Continental AG
- Evatran Group Inc.
- Fulton Innovation
- Integrated Device Technology, Inc.
- Powermat Technologies Ltd
- Qualcomm Inc.
- Robert Bosch GmbH
- Texas Instruments Inc.
- Toyota Motor Corporation
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 92 |
| Published | March 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 159.5 Million |
| Forecasted Market Value ( USD | $ 5500 Million |
| Compound Annual Growth Rate | 80.3% |
| Regions Covered | Global |
