Electric Vehicle Wireless Charging Market: OEMS Distribution Channel Expected to Grow at a CAGR of 42.2% During 2021-2030

EV Wireless Charging Market to Reach $207.4M in 2030, Power >50KW will Grow to 46.3% CAGR; Inductive Power Transfer (IPT) to rake at 42.2% CAGR.

PORTLAND, ORAGON, USA, Sept. 21, 2022 /EINPresswire.com/ — According to the report published by Allied Market Research, the global electric vehicle wireless charging market was worth $6.85 million in 2020 and is expected to reach $207.41 million by 2030, growing at a CAGR of 41.4% from 2021 to 2030.

Rising sales of electric vehicles in European countries and rising demand for wireless electric vehicle charging solutions have driven the growth of the global wireless electric vehicle charging market. However, costly integration and high initial cost of wireless electric vehicle charging is hampering the growth of the market. On the contrary, increasing demand for high power contactless inductive charging would open up new opportunities for market players in the future.

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Covid-19 scenario:

The Covid-19 pandemic has had a negative impact on the automotive sector due to the prolonged lockdown and reduced investment in the development of electric vehicle charging infrastructure.
The Covid-19 pandemic has led to declining business confidence and supply chain disruption. Thus, stakeholders and OEMs have had to adopt innovative business models amid the pandemic.
The report splits the global wireless electric vehicle charging market on the basis of vehicle type, distribution channel, charging method, installation, power source and region.

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By vehicle type, the CEV segment held the largest share in 2020, accounting for nearly two-fifths of the market. However, the BEV segment is expected to show the highest CAGR of 43.0% during the forecast period.

Based on distribution channel, the aftermarket segment captured the lion’s share in 2020, contributing more than three-fifths of the market. However, the OEMS segment is estimated to exhibit the highest CAGR of 42.2% from 2021 to 2030.

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The report offers market analysis in several regions such as North America, Europe, Asia-Pacific, and LAMEA. The European market held the lion’s share in 2020, accounting for more than half of the market. However, the Asia-Pacific market is expected to show the highest CAGR of 42.6% during the forecast period.

The global wireless electric vehicle charging market report includes an in-depth analysis of major market players such as Continental ag, IPT technology inc., Nidec mobility corporation, Evatran group (plugless), Powermat technologies, Renesas electronics, Robert Bosch GmbH, Qualcomm technologies, Toyota Motor Corporation and Witricity.

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Similar reports we have on the electric vehicle industry:

Electric Vehicle Charger Market by Vehicle Type (Battery Electric Vehicle (BEV), Plug-in Hybrid Electric Vehicle (PHEV), and Hybrid Electric Vehicle (HEV)), Charging Type (Onboard Chargers and Offboard Chargers) and End User ( residential and commercial): Global opportunity analysis and industry forecast, 2020-2030.

Electric Vehicle Charging Systems Market by Product Type (Home Charging Systems and Commercial Charging Systems), Charging Mode (Plug-in Charging System and Wireless Charging System) and Charging Voltage Level (Level 1, Level 2 and Tier 3): Global Opportunity Industry Analysis and Forecast, 2021-2030.

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Allied Market Research (AMR) is a full-service market research and business consulting division of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global corporations as well as small and medium enterprises with unrivaled quality of “market research reports” and “Business Intelligence solutions”. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.

Pawan Kumar, CEO of Allied Market Research, leads the organization in delivering high quality data and insights. We maintain professional relationships with various companies which helps us to extract market data which helps us to generate accurate research data tables and confirm the utmost accuracy of our market predictions. All data presented in the reports we publish are drawn from primary interviews with senior managers of large companies in the relevant field. Our secondary data sourcing methodology includes extensive online and offline research and discussions with knowledgeable industry professionals and analysts.

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