North America Wireless Electric Vehicle Charging Market 2020-2030

North America Wireless Electric Vehicle Charging Market 2020-2030

Bonafide Trust 17-08-2022 111 Pages Figures : 54 Tables : 26
Region : North America Category : Automotive & Transport Automotive

Wireless charging refers to the process of transferring electrical power to portable, battery-powered devices without the use of wires. It is a convenient, durable and safe method of charging wearables, tablets, multi-copters, electric toys, smartphones, laptops, power tools, service robots and medical devices. On account of this, wireless charging technology is being widely utilized across several end-use industries such as manufacturing, automotive and healthcare. North America wireless electric vehicle charging market is expected to grow by 40.2% annually in the forecast period and reach $61.6 million by 2030 owing to surging sales of electric vehicles due to growing awareness about vehicle emissions and government subsidies, convenience and cost-effectiveness of wireless charging, and high investment by industry players on fast charging infrastructure. Electric cars are gaining popularity at a pace faster than expected in North America as the environment consciousness has increased a lot in recent years. A large group of North American population are becoming concerned with their ever expanding Carbon Footprint. Electric Cars were historically perceived as boring in the American Market and their audiences were limited. However, with the introduction of cars such as Tesla Model S and Chevrolet Volt, electric cars have become mainstream in the North American automotive market. One of the major issues of people with Electric vehicles is the time taken and inconvenience caused to charge the vehicles by wired systems.  The introduction of Wireless Charging Systems will cause a boom in the Electric Vehicles segment, making the Wireless Charging Market for EVs one of the fastest growing industries in the region. North America wireless charging market is currently being driven by the introduction of an innovative range of wireless chargers by several manufacturers. For instance, the launch Q4 wireless bundle to Q3 wireless chargers, which offer optimum charging speed along with a compact and portable size was recently witnessed in the region. Moreover, wireless chargers are hassle-free, and they allow different devices to charge simultaneously irrespective of the dimensions of charging sockets. Further, due to the rapid technological advancements and diverse product range, the market for wireless charging has gained traction across the region. The significant aspects impacting the growth of the wireless EV charging market comprise increase in sales of electric vehicles (EVs), rise in requirement for energy-efficient sources as an alternative to fuel, and luxurious integration of technology and slower charging. Further, extreme research in far-field wireless charging technologies, and technological innovations and implementation of smart marketing strategy have a robust impact on the market. Each of these aspects is projected to have a definite impact on the electric vehicle chargers’ market throughout the forecast period.

North America is the biggest polluter per capita in the world. This  raised the alarms across the regional governments, dragging their attention towards propagating alternatives vehicles such as EVs and funding for their corresponding charging systems. The United States Government, a number of start-ups and major manufacturers like GM are now aggressively funding and backing research for electric vehicles and further, the wireless charging systems for them in the US. The OEMs segment and governments are emphasizing on electric vehicles utilization as an effort to decrease the tail pipe emissions. With the growth in demand for electric vehicles, the demand for charging stations is projected to significantly augment in the near future. As the plug-in charging stations take longer hours for charging, the on-the-go wireless electric vehicle chargers can cater to the require and deliver the range extension. The wireless charging has high applications for cars as well as for commercial fleets; thus, influencing the wireless electric vehicle charging market. Electric Cars form a very important part of the future of the Automobile Industry, and Wireless charging is the driver, which will catapult Electric Cars to the mainstream in the future. In a nut shell, the wireless charging market for EVs has a bright prospect in the North American region and is expected to grow exponentially over the coming 5 years.

COVID-19 Impact 
The pandemic affected the electric vehicle wireless charging market in a negative way. With the onset of lockdowns and social distancing, it was a problem to manufacture the equipment and also the fact that the already set up wireless charging stations were not being used to their full potential. This was further affected by the fact that the sells in the electriv vehicle market plummeted due to the pandemic which in turn decreased the demand of wireless charging. Further, in order to reduce the touch points in social situation the wireless charging stations were seen a better alternative then wired charging. 
Highlighted with 26 tables and 54 figures, this 111-page report “North America Wireless Electric Vehicle Charging Market 2020-2030 by Charging Technology, Power Source, Component, Charging Type, Propulsion Type, Vehicle Type, Application, Distribution Channel, and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire North America wireless electric vehicle charging market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. 

In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure 
• Growth Drivers 
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces

The trend and outlook of North America market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify North America wireless electric vehicle charging market in every aspect of the classification from perspectives of Charging Technology, Power Source, Component, Charging Type, Propulsion Type, Vehicle Type, Application, Distribution Channel, and Country. 

By Charging Technology
    • Magnetic Power Transfer
    • Inductive Power Transfer
    • Capacitive Power Transfer

By Power Source
    • 3 – 11 kW
    • 12 – 50 kW
    • Over 50 kW

By Component
    • Base Charging Pad
    • Power Control Unit
    • Vehicle Charging Pad

By Charging Type
    • Stationary Wireless Charging
    • Dynamic Wireless Charging

By Propulsion Type
    • Battery Electric Vehicle (BEV)
    • Plug-in Hybrid Electric Vehicle (PHEV)

By Vehicle Type
    • Commercial Vehicles
    • Passenger Cars

By Application
    • Home Use
    • Commercial Use

By Distribution Channel
    • OEM
    • Aftermarket

By Geography
    • U.S.
    • Canada
    • Mexico

For each key country, detailed analysis and data for annual revenue are available for 2020-2030. The breakdown of key national markets by Power Source, Propulsion Type, and Application over the forecast years is also included.

The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Specifically, potential risks associated with investing in North America wireless electric vehicle charging market are assayed quantitatively and qualitatively through GMD’s Risk Assessment System. According to the risk analysis and evaluation, Critical Success Factors (CSFs) are generated as a guidance to help investors & stockholders identify emerging opportunities, manage and minimize the risks, develop appropriate business models, and make wise strategies and decisions.

Key Players (this may not be a complete list and extra companies can be added upon request): 
Continental AG, Elix Wireless, Evatran Group Inc., Hella Kgaa Hueck & Co., HEVO Inc., Mojo Mobility, Powermat Technologies Ltd, Qualcomm Inc., Robert Bosch GmbH, Texas Instruments Inc., Toshiba Corporation, Toyota Motor Corporation, Witricity Corporation, ZTE Corporation 

(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)

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