Report cover image

Global Wireless EV Charging Growth Opportunities

Publisher Frost & Sullivan
Published Aug 10, 2022
Length 58 Pages
SKU # MC17341387

Description

Global Wireless EV Charging Growth Opportunities

2021 has been a strong year for electric vehicle (EV) sales, with 6.8 million units sold and 9.5% global market penetration, outperforming industry expectations. Despite the impact of chip shortages on production, the industry exceeded 100% YoY growth. Conductive (wired) charging infrastructure grew to more than 500,000 charge points in 2021. The top 5 countries (excluding China) were the US, the Netherlands, France, Germany, and the UK. These include AC/DC, public, and private charge points. As of 2022, the wireless or inductive EV charging market is still in a nascent phase because of a lack of global standards, safety regulations, and established business models. Conductive charging infrastructure is also underdeveloped. Hence, the most likely adopters of wireless EV charging will be premium/luxury EV manufacturers offering it as an add-on feature and the commercial mobility sector. About 90% of wireless charging will be stationary as dynamic (under-road) WEVC requires large-scale investment and an infrastructure overhaul. Of the stationary wireless chargers, 80% will be in private locations, while 20% will be available to the public. They will likely use charging pads rather than underground WPT devices.

Hyundai-Kia’s premium sub-brand Genesis is launching its all-new EV called GV60, built on the E-GMP pure electric platform. The GV60 will offer factory-installed WEVC as an optional feature. The WEVC system on the Genesis GV60 will be based on Witricity’s wireless charging technology, which is also J2954-compliant. This is a potential business model for WEVC penetration, particularly into the premium EV market and possibly mass-market EVs, as Witricity endeavors to drive down costs.

Table of Contents

58 Pages
    • Why Is It Increasingly Difficult to Grow?
    • The Strategic Imperative 8
    • The Impact of the Top 3 Strategic Imperatives on the Wireless Electric Vehicle Charging (WEVC) Industry
    • Growth Opportunities Fuel the Growth Pipeline Engine
    • Electric Vehicles Sold in the Last Decade
    • Global EV Market, 2021 and 2022E
    • EV Growth and Penetration-Major Countries
    • EV Growth and Penetration-Leading OEMs
    • Commercial EV Market Overview-Battery EVs (BEVs)
    • EV Charging Infrastructure Development
    • Summary of Potential EV Charging Models
    • Wireless EV Charging Systems and Methods
    • Overview of Different Wireless EV Charging Methods
    • SAE J2954
    • Key EV Market Trends
    • Wireless Charging For Commercial EVs
    • OEM Overview-Premium and Luxury EV
    • Market Developments For WEVC
    • Technology Roadmap
    • Comparative Analysis
    • Adoption of Different Types of Business Models
    • Strategic Locations
    • Market Estimates in Unit Sales/Installed
    • Estimated Market Size by Revenue
    • Growth Drivers
    • Growth Restraints
    • WiTricity
    • Plugless Power
    • Momentum Dynamics
    • Momentum Dynamics' Wireless Charging EV Taxi Project
    • Electreon
    • Electreon Projects
    • Magment (High Disruptive Potential)
    • Growth Opportunity 1-Standardized Aftermarket Solutions to Promote WEVC
    • Growth Opportunity 2-IP Licensing Business Model for Faster Time to Market
    • Growth Opportunity 3-Electric Road Systems to Provide a New Market for Construction Companies and Utilities

Pricing

Currency Rates
How Do Licenses Work?

How Do Licenses Work?

The primary function of a report license is to define how many people within a company are authorized to use the purchased report. This is separate to how a report might be delivered. Unless specifically identified otherwise, the purchase option is Single User. Below is a helpful description of that license, along with a sampling of others most commonly offered.

  • This license allows only one user to have access to and to use/read the report. It is not one user at a time or one user group; it is an individual who will be reading and utilizing the report.

  • This license allows for the entire purchasing company to read and use the report. This is the license level that would allow for a report to be placed on an internal company shared drive for access by all employees of that direct company. This license does not extend to parent or sister company use.

  • This license is designed to allow an entire department within a company full access to a report. The departmental license is a great option for companies that have more than one location and the department is spread out all over the country/world

  • This license is for companies that have one location where they want the report to be accessible by all employees within that physical location.

  • This is the most flexible of the licensing options. Some publishers will allow you to get a license for a preset number of people (typically 5). These licenses are ideal for small work groups.

License options are at the discretion of each publisher. As such, not all licenses indicated above are available for every product. If you are uncertain of the best license for your needs or would like a license that is not proactively available, please contact us and we will be happy to assist.

Head shot

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
Chat Now
Contact Us