Wireless EV Charging (WEVC) Market size was valued at USD 0.7 Billion in 2024 and is projected to reach USD 19.2 Billion by 2033, exhibiting a CAGR of 46.6% from 2026 to 2033.
The global Wireless EV Charging (WEVC) market was valued at approximately USD 20 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 42% from 2023 to 2030. The increasing adoption of electric vehicles (EVs) and the growing need for convenient, efficient, and wireless charging solutions are driving this growth. The market size is expected to reach over USD 200 billion by 2030. Technological advancements, improved charging speeds, and consumer demand for seamless charging experiences are significant contributors to the markets expansion. The rise in government incentives for EVs and stringent emission regulations further support market growth. As the market evolves, manufacturers are focusing on expanding their product portfolios, with innovations in wireless power transfer technologies to meet the rising demand for electric vehicles across various sectors.
Regionally, North America held the largest market share in 2022, accounting for over 35% of the total market. This dominance is attributed to the rapidly increasing number of electric vehicles on the road and government backed initiatives to promote EV adoption. The European region followed closely, with significant growth driven by robust environmental regulations, rising EV adoption, and the introduction of several pilot projects for wireless charging. The Asia Pacific region, particularly China, is expected to experience the highest growth rate, driven by the rapid expansion of EV infrastructure and government policies aimed at reducing carbon emissions. With the increasing penetration of electric vehicles and the growing demand for efficient charging solutions, regional markets are expected to continue to expand, providing significant opportunities for market participants across the globe.
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Robert Bosch GmbH
Continental AG
Toyota Motor Corporation
Toshiba Corporation
WiTricity Corporation
Qualcomm
Bombardier Inc.
Hella KGaA Hueck & Co
Evatran Group Inc.
ZTE Corporation
Elix Wireless
HEVO Power
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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. 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 Wireless EV Charging (WEVC) Market
Inductive Charging
Resonant Charging
Conductive Charging
Capacitive Charging
Low Power Charging (up to 3.7 kW)
Medium Power Charging (3.7 kW to 22 kW)
High Power Charging (above 22 kW)
Residential Charging
Commercial Charging
Public Infrastructure Charging
Fleet Charging Solutions
Passenger Electric Vehicles
Commercial Electric Vehicles
Two-Wheelers and Three-Wheelers
Heavy Electric Trucks and Buses
Private Users
Fleet Operators
Commercial Establishments
Government and Municipalities
US (United States, US 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 Wireless EV Charging (WEVC) 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 Wireless EV Charging (WEVC) Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Wireless EV Charging (WEVC) Market, By Type
6. Global Wireless EV Charging (WEVC) Market, By Application
7. Global Wireless EV Charging (WEVC) Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Wireless EV Charging (WEVC) Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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