Wireless EV Charging

Global Wireless EV Charging Market to Reach US$5.5 Billion by 2030

The global market for Wireless EV Charging estimated at US$159.5 Million in the year 2024, is expected to reach US$5.5 Billion by 2030, growing at a CAGR of 80.3% over the analysis period 2024-2030. BEV, one of the segments analyzed in the report, is expected to record a 82.5% CAGR and reach US$3.9 Billion by the end of the analysis period. Growth in the PHEV segment is estimated at 75.6% CAGR over the analysis period.

The U.S. Market is Estimated at US$36.7 Million While China is Forecast to Grow at 91.9% CAGR

The Wireless EV Charging market in the U.S. is estimated at US$36.7 Million in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.9 Billion by the year 2030 trailing a CAGR of 91.9% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 62.1% and 70.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 65.9% CAGR.

Global Wireless EV Charging Market - Key Drivers and Trends Summarized

Wireless charging technology stands out as a promising solution to enhance the convenience of electric vehicle use. This method, which eliminates the need for physical cables, allows for an effortless charging process that could be seamlessly integrated into various environments such as home garages, public parking lots, and potentially even dynamic charging lanes. Wireless EV charging system utilizes an electromagnetic field to transfer energy between two objects through electromagnetic induction. The process involves a charging station (transmitter) sending energy through an inductive coupling to an electric vehicle (receiver), which converts the energy back into electricity to charge the battery. The technology supports the growing infrastructure for electric vehicles, aiming to enhance convenience and reduce the physical wear associated with traditional charging methods.

Wireless charging eliminates the need for manual connections, reducing the time and effort involved in charging electric vehicles. This is particularly appealing in public and commercial settings, such as shopping centers or office buildings, where ease of use and efficiency are paramount. Additionally, the integration of wireless charging technology into the urban infrastructure, such as streets or public parking spots, can facilitate more frequent charging and longer electric vehicle ranges, further boosting the appeal of EVs. Another major driver is the rapid advancement of compatible infrastructure and vehicle technology. As more automakers incorporate wireless charging capabilities into their vehicles, the supporting infrastructure continues to expand. Technological advancements in terms of efficiency, reduced costs, and faster charging speeds also contribute to its adoption. Governments and private sectors are increasingly investing in the development of smart cities, where wireless EV charging can play a significant role in reducing the carbon footprint by supporting a seamless transition to electric vehicle use.

As the automotive industry moves towards greater autonomy, the ability of vehicles to charge themselves without human intervention becomes increasingly valuable. This capability is expected to enhance the operational efficiency of autonomous fleets, particularly in commercial uses like taxis and delivery services. Advancements in Vehicle-to-Grid (V2G) technology could further revolutionize this space by allowing EVs to interact with the power grid to supply electricity during peak times, potentially stabilizing energy costs and enhancing grid resilience.

SCOPE OF STUDY:

The report analyzes the Wireless EV Charging market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Propulsion (BEV, PHEV); Charging System (Inductive Power Transfer, Magnetic Power Transfer, Capacitive Power Transfer); Application (Home Charging Unit, Commercial Charging Station); Vehicle Type (Passenger Cars, Commercial Vehicles)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 36 Featured) -

• Bombardier
• Continental AG
• Evatran Group Inc.
• Fulton Innovation
• Integrated Device Technology, Inc.
• Powermat Technologies Ltd
• Qualcomm Inc.
• Robert Bosch GmbH
• Texas Instruments Inc.
• Toyota Motor Corporation

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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