Global Stationery Wireless Electric Vehicle (EV) Charging Market Segmentation, By Type (Base Charging Pad (Transmitter), Power Control Unit, and Vehicle Charging Pad (Receiver)), Application (Home Charging Unit and Public Charging Station), Charging System (Magnetic Power Transfer, Inductive Power Transfer, and Capacitive Power Transfer), Distribution Channel (Aftermarket and OEM), Power Supply (3–<11 Kw, 11–50 Kw, and >50 Kw), Vehicle Type (Passenger Car (PC) and Commercial Vehicle (CV)), Propulsion Type (Battery Electric Vehicle (BEV) and Plug-In Hybrid Electric Vehicle (PHEV)) - Industry Trends and Forecast to 2031.
Stationery Wireless Electric Vehicle (EV) Charging Market Analysis
The stationary wireless EV charging market is experiencing significant growth driven by recent advancements in technology. The latest method involves resonant inductive coupling, which allows for efficient power transfer without physical connections. This method uses electromagnetic fields to transfer energy between the charging station and the vehicle, enabling a more convenient and seamless charging experience.
Key technological advancements include the development of high-efficiency power electronics and improved coil designs that enhance charging speed and range. Innovations such as dynamic charging, which allows vehicles to charge while in motion, are also being explored, although stationary solutions remain the primary focus for now.
These advancements have led to increased adoption of wireless EV charging systems in residential, commercial, and public charging infrastructure. The market is expected to grow as more automakers and technology providers invest in and deploy wireless charging solutions. Additionally, the integration of smart grid technology and renewable energy sources is further driving market growth by promoting sustainable and efficient energy use.
Stationery Wireless Electric Vehicle (EV) Charging Market Size
The global stationery wireless electric vehicle (EV) charging market size was valued at USD 58.50 million in 2023 and is projected to reach USD 1,162.19 million by 2031, with a CAGR of 45.3% during the forecast period of 2024 to 2031. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Stationery Wireless Electric Vehicle (EV) Charging Market Trends
“Rapid Adoption of High-Power Wireless Charging Technology”
One significant trend propelling the growth of the stationary wireless electric vehicle (EV) charging market is the rapid adoption of high-power wireless charging technology. This technology enables efficient, fast charging without physical connectors, appealing to both consumers and fleet operators. For instance, companies such as WiTricity are advancing high-power wireless charging systems capable of delivering 11 kW to 22 kW, significantly reducing charging times and enhancing user convenience. The convenience of simply parking over a charging pad, combined with advancements in efficiency and safety, is driving increased adoption in commercial and residential settings, accelerating market expansion.
Report Scope and Stationery Wireless Electric Vehicle (EV) Charging Market Segmentation
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Attributes
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Stationery Wireless Electric Vehicle (EV) Charging Key Market Insights
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Segments Covered
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Key Market Players
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Qualcomm Technologies, Inc. (U.S.), WiTricity Corporation (U.S.), Momentum Wireless Power (U.S.), ELIX Wireless (Canada), Continental AG (Germany), Bombardier (Canada), WAVE INC. (U.S.), Fortum (Finland), Hyundai Motor India (India), ElectReon (Israel), Opconnect (U.S.), ZTE Corporation (China), HELLA GmbH & Co. KGaA (Germany), Robert Bosch GmbH (Germany), Toshiba Corporation (Japan), TOYOTA MOTOR CORPORATION (Japan), and Plugless Power Inc. (U.S.)
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Market Opportunities
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Value Added Data Infosets
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In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
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Stationery Wireless Electric Vehicle (EV) Charging Market Definition
Stationary wireless electric vehicle (EV) charging is a technology that enables EVs to charge without physical connectors, using electromagnetic induction. The vehicle parks over a charging pad embedded in the ground, and power is transferred wirelessly through an air gap to a receiver in the vehicle. This system offers convenience by eliminating the need for manual plugging and unplugging, reduces wear and tear on connectors, and can be integrated into public parking spaces or private garages. It supports dynamic charging where vehicles can charge while in motion, potentially extending driving range and reducing downtime.
Stationery Wireless Electric Vehicle (EV) Charging Market Dynamics
Drivers
- Reduced Charging Time
Advancements in wireless charging technology are significantly decreasing the time needed for a full charge. For instance, the latest wireless charging systems, such as those from Qualcomm and WiTricity, are achieving charging rates comparable to traditional plug-in methods. This reduction in charging time enhances convenience and practicality, making wireless charging a more viable option for EV users, thereby driving market growth.
- Improved Vehicle-to-Grid (V2G) Capabilities
Wireless charging systems that support V2G technology enable electric vehicles (EVs) to return excess power to the grid, offering additional value. For instance, Nissan's Leaf-to-Home system allows Nissan Leaf owners to power their homes or feed energy back to the grid, enhancing the appeal of V2G-equipped wireless chargers. This capability boosts market growth by demonstrating practical benefits and fostering consumer adoption.
Opportunities
- Advancements in Wireless Charging Technology
Innovations in magnetic resonance and inductive charging have significantly improved efficiency and reliability in wireless EV charging. For instance, companies such as WiTricity have developed advanced magnetic resonance systems that provide higher power transfer rates and greater alignment tolerance. These improvements enhance the attractiveness of wireless charging solutions, creating opportunities for growth in the market as they address efficiency and user convenience concerns.
- Integration with Renewable Energy
Integrating wireless EV charging with renewable energy sources, such as solar or wind power, creates significant market opportunities by enhancing sustainability. For instance, companies such as Plug Power are developing wireless charging stations powered by solar panels, which appeals to eco-conscious consumers and supports green energy initiatives. This combination not only reduces the carbon footprint but also aligns with global trends towards renewable energy and sustainable practices.
Restraints/Challenges
- High Initial Costs
High initial costs pose a significant barrier to the adoption of stationary wireless EV charging systems. The substantial investment required for the infrastructure, installation, and integration with existing electrical systems makes it challenging for widespread market penetration. This financial hurdle can deter potential users and limit the expansion of wireless charging technology, ultimately hindering the overall growth of the market.
- Maintenance and Reliability
Wireless charging systems for EVs may require more maintenance than traditional wired solutions, which can impact long-term reliability. Frequent maintenance needs and potential downtime could lead to disruptions, reducing user confidence. This increased maintenance burden, coupled with the need for specialized knowledge to manage and repair these systems, hinders the widespread adoption of wireless charging technology, ultimately limiting market growth.
This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Stationery Wireless Electric Vehicle (EV) Charging Market Scope
The market is segmented on the basis of type, application, charging system, distribution channel, power supply, vehicle type, and propulsion type. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Base Charging Pad (Transmitter)
- Power Control Unit
- Vehicle Charging Pad (Receiver)
Application
- Home Charging Unit
- Public Charging Station
Charging System
- Magnetic Power Transfer
- Inductive Power Transfer
- Capacitive Power Transfer
Distribution Channel
- Aftermarket
- OEM
Power Supply
- 3–<11 Kw
- 11–50 Kw
- >50 Kw
Vehicle Type
- Passenger Car (PC)
- Commercial Vehicle (CV)
Propulsion Type
- Battery Electric Vehicle (BEV)
- Plug-In Hybrid Electric Vehicle (PHEV)
Stationery Wireless Electric Vehicle (EV) Charging Market Regional Analysis
The market is analysed and market size insights and trends are provided by type, application, charging system, distribution channel, power supply, vehicle type, and propulsion type as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Europe is expected to dominate the stationery wireless electric vehicle (EV) charging market due to its well-developed infrastructure. The presence of major key players in the region further accelerates market growth. These factors, combined with strong government support for EV adoption, will drive the expansion of stationery wireless EV charging in Europe during the forecast period.
Asia-Pacific is projected to observe significant growth in the stationery wireless electric vehicle (EV) charging market due to increased research and development investments. Additionally, the rise in partnerships and joint ventures between major OEMs and domestic companies is expected to further drive market expansion in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Stationery Wireless Electric Vehicle (EV) Charging Market Share
The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.
Stationery Wireless Electric Vehicle (EV) Charging Market Leaders Operating in the Market Are:
- Qualcomm Technologies, Inc. (U.S.)
- WiTricity Corporation (U.S.)
- Momentum Wireless Power (U.S.)
- ELIX Wireless (Canada)
- Continental AG (Germany)
- Bombardier (Canada)
- WAVE INC. (U.S.)
- Fortum (Finland)
- Hyundai Motor India (India)
- ElectReon (Israel)
- Opconnect (U.S.)
- ZTE Corporation (China)
- HELLA GmbH & Co. KGaA (Germany)
- Robert Bosch GmbH (Germany)
- Toshiba Corporation (Japan)
- TOYOTA MOTOR CORPORATION (Japan)
- Plugless Power Inc. (U.S.)
Latest Developments in Stationery Wireless Electric Vehicle (EV) Charging Market
- In February 2024, wireless charging for electric vehicles (EVs) is becoming a reality. The technology allows drivers to park in designated spots, where charging begins automatically through inductive electron transfer, eliminating the need for plugs. With rising EV adoption, startups, municipalities, and automakers are increasingly standardizing and testing this convenient, cord-free charging solution
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