Us Dynamic Wireless EV Charging System Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
Dynamic Wireless EV Charging System Market was valued at USD 0.75 Billion in 2022 and is projected to reach USD 5.3 Billion by 2030, growing at a CAGR of 34.4% from 2024 to 2030.
The U.S. dynamic wireless electric vehicle (EV) charging system market is experiencing significant growth, driven by technological advancements and increasing demand for sustainable transportation solutions. Dynamic wireless charging, also known as dynamic wireless power transfer (DWPT), enables EVs to charge while in motion, offering a seamless and efficient charging experience.
In 2023, the U.S. automotive industry produced approximately 10.6 million vehicles, with a substantial shift towards electric vehicles. This transition has spurred the development and adoption of dynamic wireless charging technologies, aiming to address challenges such as range anxiety and long charging times. Federal and state policies promoting EV adoption, including tax credits and zero-emission vehicle mandates, have further accelerated the demand for advanced charging solutions.
A notable development in this sector is the collaboration between Nissan, BMW, Ford, and Honda in ChargeScape, a vehicle-to-grid (V2G) integration company. ChargeScape has developed a software platform that facilitates wireless communication between EVs and utility companies, managing home charging and enabling energy transfer back to the grid during high-demand periods. This partnership underscores the automotive industry's commitment to enhancing charging infrastructure and promoting sustainable energy practices. citeturn0news24
Additionally, California is set to construct the nation's second electric vehicle-charging roadway in Los Angeles, scheduled for completion before the 2028 Olympics. This multimillion-dollar project at UCLA will focus on a half-mile stretch in Westwood, utilizing wireless inductive charging technology that allows vehicles to charge while driving or parked over charging coils. Such infrastructure developments are pivotal in advancing dynamic wireless charging capabilities. citeturn0news26
The market for dynamic wireless EV charging systems is projected to experience substantial growth, with North America expected to be a major contributor. The region's well-established automotive industry and favorable government policies are supporting the development and deployment of dynamic wireless charging systems. The U.S. market is projected to experience a compound annual growth rate (CAGR) of 31.2% during the forecast period. citeturn0search1
In summary, the U.S. dynamic wireless EV charging system market is poised for significant expansion, driven by technological innovations, strategic partnerships, and supportive policies aimed at promoting sustainable transportation solutions.
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Robert Bosch GmbH (Germany)
Continental AG (Germany)
Toyota Motor Corporation (Japan)
Toshiba Corporation (Japan)
WiTricity Corporation (U.S.)
Nissan (Japan)
General Motors (U.S.)
Daimler AG (Germany)
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Dynamic Wireless EV Charging System Market
Magnetic Resonance Charging
Inductive Charging
Capacitive Charging
Resistive Charging
Passenger Vehicles
Commercial Vehicles
Heavy-Duty Vehicles
Two-Wheelers
Charging Pads
Power Electronics
Control Systems
Communication Modules
On-road Installation
Parking Lot Installation
Home Installation
Commercial Building Installation
Residential Sector
Commercial Sector
Public Transportation
Fleet Operators
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Dynamic Wireless EV Charging System Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Dynamic Wireless EV Charging System Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Dynamic Wireless EV Charging System Market, By Type
6. Global Dynamic Wireless EV Charging System Market, By Application
7. Global Dynamic Wireless EV Charging System Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Dynamic Wireless EV Charging System Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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