Wireless Charging Slowly Creeping Into EVs
Not exactly big coin, but with great potential for far greater revenues, wireless-charging technology for the electric-vehicle market is on a steady, yet slow rise. As per a MarketsandMarkets research report,
“Wireless Charging for Electric Vehicle Market by Power Supply, Application, Distribution channel, Component, Charging system, Propulsion, Vehicle type, & Region – Global Forecast to 2027”, the market is projected to grow at a CAGR of 46.8% and reach $234 million by 2027. That’s up a bit from $16 million now, in 2020. Growth drivers include rising demand and sales of electric vehicles, growing emissions regulation, and rapidly developing infrastructure.
- Battery electric vehicle (BEV), a pure electric vehicle, is estimated to hold the largest market share during the forecast period.
- Dynamic charging is estimated to be the fastest growing segment of the market.
- Europe is expected to dominate the market in 2027.
- Top OEMs in the electric-vehicle market include Robert Bosch GmbH (Germany), Continental AG (Germany), WiTricity Corporation (US), ZTE Corporation (China), and HELLA KGaA Hueck & Co. (Germany).
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