Wireless Electric Vehicle Charger Market

Market Synopsis

Market Research Future (MRFR) in its latest report released on the global wireless electric vehicle charger market 2020 reveals governing forces of the wireless electric vehicle charger market in the review period 2016 to 2027. The rising demand for electric vehicles can dictate the expansion of the market and allow a high CAGR for the wireless electric vehicle market to escalate in the years to come. The rise in concerns related to both environmental and human health, coupled with enforcement of strict emission norms can support the bolster of the wireless electric vehicle charger market growth. In addition, the increase in the popularity of wireless technology for charging electric vehicles can impel the expansion of the market in the near future. Efforts by governments to adopt electric vehicles can support the expansion of the market in the years to come. Provisions for financial incentives available is boosting electric vehicles sales, which, in turn, can favor the rise of the wireless electric vehicle charger market in next couple of years. On the contrary, lack of standardized products can impede to the expansion of the wireless electric vehicle charge market growth in the years ahead.

Market Segmentation

The segment assessment of the wireless electric vehicle charger market is done by technology and component.

The technology based segments of the wireless electric vehicle charger global market are conductive charging, inductive charging, magnetic resonance, dynamic charging, and others.

The component based segments of the wireless electric vehicle charger market are rectifies, power distribution box, wireless power receiver, electromagnetic induction, vehicle receiver unit, battery, ground transmission unit, and others.

Read more@ https://www.marketresearchfuture.com/reports/wireless-electric-vehicle-charger-market-1087

Regional Insights

Trends of the wireless electric vehicle charger global market is studied across North America, EU, APAC, and the Rest of the World. In North America, the wireless electric vehicle charger market is expected to rise at the highest pace due to increase in initiatives taken by the regional government to curb dependency on fuel driven cars and promote the use of electric vehicles. In addition, the high popularity of wireless electric vehicle charger can catalyse its market expansion over the assessment period. The presence of different key players can contribute to the rise of the wireless electric vehicle charger market.

Europe is observed to emerge as a potential growth pocket for the wireless electric vehicle charger market. The rise of the wireless electric vehicle charger market can be attributed to the expansion of the automotive sector in the region. The proliferation of the wireless EV charger market can be credited to its large-scale market presence across the region. The expansion of the wireless EV charger market can also be attributed to the availability of different excessive funds for RD of new technologies in the years to come.

In Asia Pacific, the rise of the EVs can bolster the wireless electric vehicle in the foreseeable future. The high application of electric vehicles across India and other developing regions of APAC, backed by governments can accelerate the expansion of the wireless electric vehicle charger market across the analysis period. The increase in the number of fast-developing countries and upsurge in the demand for electric vehicle can dictate the rise of the wireless electric vehicle charger market.

Competitive Dashboard

WiTricity Corporation (U.S), Delphi Automotive (U.K.), Leviton (U.S.), Convenient Power HK Limited (Hong Kong), ABB (Switzerland), Qualcomm (U.S.), Bosch Group (Germany), and Siemens (Germany) are some reputed names in the wireless electric vehicle charger market as listed by MRFR. Other important parameters are elaborated in the report.