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According to the latest report released by MarketsandMarkets, a global market research institution, the global electric vehicle wireless charging market will increase from $16 million in 2020 to $234 million by 2027, with a compound annual growth rate of 46.
8%.
The growth in demand and sales of electric vehicles, government regulations to curb emissions, and rapidly developing infrastructure are expected to drive the growth of
wireless charging in the electric vehicle market.
OEMs have partnered with manufacturers of wireless charging technology to develop charging infrastructure for the convenience of electric vehicle owners
.
According to the report, pure electric vehicles will occupy the largest market share
during the forecast period.
Now, many governments are also providing subsidies for environmentally friendly vehicles to encourage the use of pure electric vehicles
.
Dynamic charging is expected to be the fastest growing segment
of wireless charging in the EV market during the forecast period.
Due to issues such as waiting times, dynamic charging technology has become popular
in the electric vehicle industry.
For example, wireless charging system manufacturer Electreon has a 3,000-square-meter facility near Tel Aviv, a 260-meter circular test road
.
Wireless power transfer technology includes a unique DWPT system (Dynamic Wireless Power Transfer) road infrastructure that places coils under the road in the middle of the carriageway
.
It is expected that future roads and highways will be equipped with this technology, and drivers will have to pay taxes when entering the lane in order to charge
electric vehicles on the move.
In terms of market area, Europe will become the largest regional market
for wireless charging of electric vehicles by 2027.
Improvements in infrastructure in the region will make it easy
to install wireless charging systems for electric vehicles.
The arrival of leading players such as Robert Bosch GmbH, Continental AG and HELLA KGaA Hueck & Co.
is also expected to drive the growth of
wireless charging in the region's electric vehicle market.
In addition, falling battery prices and increasing sales of electric vehicles will also contribute
to the growth of the region.
From the perspective of technology providers, wireless charging in the electric vehicle market is mainly dominated by globally renowned companies such as Robert Bosch GmbH (Germany), Continental AG (Germany), WiTricity Corporation (USA), ZTE (China) and HELLA KGaA Hueck & Co.
(Germany).
According to the latest report released by MarketsandMarkets, a global market research institution, the global electric vehicle wireless charging market will increase from $16 million in 2020 to $234 million by 2027, with a compound annual growth rate of 46.
8%.
The growth in demand and sales of electric vehicles, government regulations to curb emissions, and rapidly developing infrastructure are expected to drive the growth of
wireless charging in the electric vehicle market.
OEMs have partnered with manufacturers of wireless charging technology to develop charging infrastructure for the convenience of electric vehicle owners
.
According to the report, pure electric vehicles will occupy the largest market share
during the forecast period.
Now, many governments are also providing subsidies for environmentally friendly vehicles to encourage the use of pure electric vehicles
.
Dynamic charging is expected to be the fastest growing segment
of wireless charging in the EV market during the forecast period.
Due to issues such as waiting times, dynamic charging technology has become popular
in the electric vehicle industry.
For example, wireless charging system manufacturer Electreon has a 3,000-square-meter facility near Tel Aviv, a 260-meter circular test road
.
Wireless power transfer technology includes a unique DWPT system (Dynamic Wireless Power Transfer) road infrastructure that places coils under the road in the middle of the carriageway
.
It is expected that future roads and highways will be equipped with this technology, and drivers will have to pay taxes when entering the lane in order to charge
electric vehicles on the move.
In terms of market area, Europe will become the largest regional market
for wireless charging of electric vehicles by 2027.
Improvements in infrastructure in the region will make it easy
to install wireless charging systems for electric vehicles.
The arrival of leading players such as Robert Bosch GmbH, Continental AG and HELLA KGaA Hueck & Co.
is also expected to drive the growth of
wireless charging in the region's electric vehicle market.
In addition, falling battery prices and increasing sales of electric vehicles will also contribute
to the growth of the region.
From the perspective of technology providers, wireless charging in the electric vehicle market is mainly dominated by globally renowned companies such as Robert Bosch GmbH (Germany), Continental AG (Germany), WiTricity Corporation (USA), ZTE (China) and HELLA KGaA Hueck & Co.
(Germany).
