Wireless electric vehicle charging enables contactless power transfer between a charging station and an electric vehicle without the need for cables or physical electrical connections. This offers convenience to drivers as vehicles can be charged seamlessly without having to plug in charging cables. Wireless charging is also finding increasing application in commercial vehicles such as electric buses which spend long durations parked at terminals. Manufacturers are focusing on developing wireless charging technologies that can charge electric vehicles with high power levels up to 50kW to reduce charging times.

The global wireless electric vehicle charging market is estimated to be valued at US$ 92.16 Bn  in 2024 and is expected to exhibit a CAGR of 24% over the forecast period 2024 to 2030.

Key Takeaways

Key players operating in the wireless electric vehicle charging market are Naïo Technologies, Dahlia Robotics GmbH, Ecorobotix, Carbon Robotics, Vision Robotics Corporation, Harvest Automation, Soft Robotics Inc, Abundant Robotics, Bosch Deepfield Robotics, Energreen, Saga Robotics, and Blue River Technology.Growing environmental concerns and supportive government initiatives to promote electric vehicles adoption are fueling demand for wireless charging infrastructure.Technological advancements such as use of magnetic resonance technology and inductive charging are enabling faster charging capabilities and improved efficiencies in wireless EV charging systems.

Market Trends

Dynamic Wireless Charging - Manufacturers are developing dynamic wireless charging systems that enable electric vehicles to charge even while in motion by integrating charging slots or pads in roadways. This futuristic technology can address range limitations of EVs.

Solid State Battery Integration - Integration of solid state batteries in electric vehicles will enhance battery life cycles and storage capacities. Wireless charging system manufacturers are collaborating with solid state battery makers to develop compatible charging solutions.

Market Opportunities

Residential Wireless Charging - Growing installations of private EV charging stations at homes and offices will create demand for compact wireless chargers for residential and commercial use.

Fleet Management - Fleet operators are eying wireless charging systems to simplify operations and reduce infrastructure costs for commercial electric buses and delivery vans which return to base regularly.

Impact of COVID-19 on Wireless Electric Vehicle Charging Market Growth
The COVID-19 pandemic has negatively impacted the growth of the Global Wireless Electric Vehicle Charging Market Size. During the pandemic, many countries imposed strict lockdowns which restricted the movement of people and led to a steep decline in vehicle sales across major markets. With fewer new electric vehicles being purchased, the demand for wireless charging infrastructure also decreased significantly. In addition, supply chain disruptions caused delays in infrastructure development projects during 2020 and 2021.

However, with economies reopening post pandemic, the market is recovering fast. Many regions have announced large stimulus packages focusing on clean technologies and emission reduction goals. This is driving increased investments to build public wireless charging networks as more drivers switch to electric vehicles. Furthermore, wireless charging eliminates the need for direct contact and can be more hygienic, providing an advantage in the post COVID environment. Looking ahead, the market is expected to bounce back strongly and witness higher growth during the forecast period as projects delayed due to the pandemic resume work. Continued policy support for electric mobility globally will further aid the recovery of the wireless electric vehicle charging market in the coming years.

In terms of regions, Western Europe has historically been the largest market for wireless EV charging globally, led by Norway, the Netherlands, Germany and the UK. This is attributed to supportive regulations and heavy investments by both private companies and governments to develop electric vehicle infrastructure, especially in public spaces. However, China has emerged as the fastest growing regional market in the recent past and is expected to surpass Western Europe during the forecast period. This can be credited to government initiatives under the 'Made in China 2025' strategy focusing on localization of key technologies to make China a leader in future mobility solutions.

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