Global Automotive Inductive Wireless Charging Systems Market 2017-2021
About Automotive Inductive Wireless Charging Systems
EVs, also known as electric drive vehicles, use one or more electric motors for propulsion. The motors are powered by a battery system that is charged by plugging an external power supply when the vehicle is not moving. When the vehicle is on the road, the battery pack is charged in small amounts through regenerative braking. Therefore, these vehicles are referred to as plug-in EVs (PEVs). These vehicles include all EVs, hybrid EVs (HEVs), and plug-in HEVs (PHEVs).
Technavio’s analysts forecast the global automotive inductive wireless charging systems market to grow at a CAGR of 52.81% during the period 2017-2021.Covered in this report
The report covers the present scenario and the growth prospects of the global automotive inductive wireless charging systems market for 2017-2021. To calculate the market size, the report considers the revenue generated from the retail sales of haircare products to individual consumers and salons.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Automotive Inductive Wireless Charging Systems Market 2017-2021
Technavio recognizes the following companies as the key players in the global automotive inductive wireless charging systems market: Evatran, Momentum Dynamics, Qualcomm Technologies, and WiTricity.
Other Prominent Vendors in the market are: Bosch, AeroVironment, ChargePoint, ECOtality, Fulton Innovation, Gill Industries, Mojo Mobility, and PowerbyProxi.
Commenting on the report, an analyst from Technavio’s team said: “One trend in market is vehicle-to-grid charging and storage system. This is a new concept evolved from the WCS technology. In inductive charging, the power is transferred from a primary coil in the pad to a secondary coil under the vehicle through electromagnetic field formed between the air gap between these two coils. The recent development of this technology is the reversing the induction process to power back the grids from the charged vehicle whenever needed. The vehicle will draw energy from the grid through WCS at off-peak hours, and it will be stored in the PEV battery. During peak hours, the energy from batteries will induce a field to be produced by the coil under the vehicle. The coil in charging pads will acquire the power from the vehicles. This power is used to run office buildings or other facilities during peak hours, thereby reducing power demand on national grids.”
According to the report, one driver in market is increased sales of PEVs in major regions globally. The development and adoption of green vehicles are considered crucial for reducing the levels of greenhouse gases (GHGs) in the atmosphere to an acceptable level. These vehicles run on alternative sources of energy such as electricity, hybrid energy, and other power sources such as solar or wind energy or biofuels. Globally, countries are implementing stringent emission norms to reduce the amount of GHGs, thereby reducing the cause of global warming to an extent. APAC, North America, and Europe are the noteworthy regions that are implementing stringent regulations on fuel emission. Furthermore, these countries are also offering tax incentives for increasing the adoption of EVs.
Further, the report states that one challenge in market is non-harmonization of standards for wireless charging. There are many certification agencies globally that draft standards for the normal use of inductive WCS. The presence of many agencies has created confusions as this leads to the creation of varying standards. Further, companies operating on a global scale face many problems and need to spend more time and resources for the development of systems that are compliant with various regulatory norms. In 2015, there were three major standards for wireless electricity transmission developed by the Alliance for Wireless Power (A4WP), the Power Matter Alliance (PMA), and the Wireless Power Consortium (WPC). Samsung, Qualcomm Technologies, and Broadcom are some of the notable members of A4WP. Duracell, Starbucks, and AT&T are some of the notable members of PMA. Foxconn, Microsoft, Nokia, and Panasonic are some of the notable members of WPC.
Evatran, Momentum Dynamics, Qualcomm Technologies, WiTricity, Bosch, AeroVironment, ChargePoint, ECOtality, Fulton Innovation, Gill Industries, Mojo Mobility, PowerbyProxi.
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