Wireless EV Charging Market Report 2024 (Global Edition)

Global Wireless EV Charging Market Report 2024 Market Size Split by Propulsion Type (Battery Electric Vehicle (BEV), Plug-In Hybrid Electric Vehicle (PHEV), Commercial EV), by Charging System (Magneti...

Wireless EV Charging Market Report Description

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Competitive Landscape of the Wireless EV Charging Market

Key players deploy strategic initiatives such as product innovations, partnerships, and mergers. Companies prioritize R&D to introduce cutting-edge Wireless EV charging solutions, ensuring a competitive edge. Robust distribution networks and adherence to quality standards amplify market presence, fostering an environment where agility and innovation define industry leaders.

Wireless EV Charging Industry News

In July 2023, WiTricity, the pioneer in wireless EV charging, announced the FastTrack Integration Program for automotive OEMs that allows for an initial vehicle integration in just three months, dramatically accelerating automaker testing of wireless charging on existing and future EV platforms. Wireless charging will be fully enabled and operational on the automaker’s EV platform using the WiTricity Halo™ receiver and the WiTricity Halo™ 11kW charger. 

(Source: https://witricity.com/media/press-releases/witricity-launches-new-fasttrack-integration-program-to-speed-automakers-to-wireless-ev-charging)

In February 2023, HEVO Inc., a leading provider of wireless electric vehicle (EV) charging technology, and Stellantis N.V., a leading global automaker and mobility provider, are partnering to integrate wireless charging into Stellantis EVs, which will enable a superior charging experience without sacrificing safety, efficiency, or durability.

(Source: https://www.prnewswire.com/news-releases/hevo-to-collaborate-with-stellantis-on-wireless-ev-charging-301746884.html)

Top Companies Market Share in Wireless EV Charging Industry: (In no particular order of Rank)

• Witricity Corporation (U.S.) 
• Mojo Mobility Inc. (U.S.) 
• HEVO Inc. (U.S.) 
• WAVE LLC (U.S.) 
• Continental AG (Germany) 
• DAIHEN Corporation (Japan) 
• Toshiba Corporation (Japan) 
• ZTE Corporation (China) 
• ElectReon Wireless Ltd. (Israel) 
• Conductix-Wampfler GmbH (Germany) 
• Integrated Infrastructure Solutions GmbH (Germany) 
• Plugless Power LLC (U.S.) 
• TGOOD Global Ltd. (China) 
• InductEV Inc. (U.S.) 
• Lumen Pty Ltd (Australia)
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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In terms of revenue, the North America Wireless EV Charging Market share was 40% of the total marke

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. The region's well-established presence of key players drives innovation and market penetration, positioning North America as a leading hub for wireless EV charging solutions and contributing to the region's market dominance. The emphasis on technological advancements, increasing EV adoption, and convenient and efficient EV charging options continue to rise and contribute to the market's growth.

The Asia Pacific region is witnessing an increase in the sales of Wireless EV Charging. This surge is mainly driven by the region's surge in EV adoption and supportive government initiatives. Investments in infrastructure development and advancements in technology are propelling market expansion. Rapid urbanization and burgeoning automotive markets in countries like China and India drive this growth. As Asia-Pacific becomes a global hub for innovation, the demand for Wireless EV Charging surges, fostering a dynamic market landscape.

The current report Scope analyzes Wireless EV Charging Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!

Middle East and Africa Wireless EV Charging

According to Cognitive Market Research, the global Wireless EV Charging market size was estimated at USD 85.2 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 1.70 million in 2024 and will grow at a compound annual growth rate (CAGR) of 48.9% from 2024 to 2031. MEA experiences an upswing in Wireless EV Charging sales driven by a rising focus on sustainable transportation and government initiatives supporting electric vehicle adoption. The rise of commercial charging stations in the MEA region serves as a vital application. Investments in infrastructure development and collaborations between industry players are driving the deployment of commercial charging stations across the MEA region.

• According to Cognitive Market Research, the GCC Countries Wireless EV Charging market size was valued at USD 0.73 million in 2024 and is projected to grow at a CAGR of 49.7% during the forecast period. Wireless EV Charging sales flourish in the GCC Countries due to the region's advancements in wireless charging technology.
• The Egypt Wireless EV Charging market is projected to witness growth at a CAGR of 49.2% during the forecast period, with a market size of USD 0.18 million in 2024.
• The South Africa Wireless EV Charging market is projected to witness growth at a CAGR of 49.9% during the forecast period, with a market size of USD 0.27 million in 2024. Wireless EV Charging sales flourish in South Africa due to the region's adoption of wireless EV charging solutions.
• The Turkey Wireless EV Charging market is projected to witness growth at a CAGR of 48.4% during the forecast period, with a market size of USD 0.15 million in 2024.
• The Nigeria Wireless EV Charging market is projected to witness growth at a CAGR of 48.0% during the forecast period, with a market size of USD 0.18 million in 2024.
• The Rest of the MEA Wireless EV Charging market is projected to witness growth at a CAGR of 47.9% during the forecast period, with a market size of USD 0.20 million in 2024.

Europe Wireless EV Charging

According to Cognitive Market Research, with a market value of USD 85.2 million in 2024, it is projected to expand at a compound annual growth rate (CAGR) of 47.7% from 2024 to 2031. Europe accounted for a share of over 30% of the global market size of USD 25.56 million. In Europe, stringent emissions regulations and a push towards sustainable transportation contribute to steady growth. The surge in vehicle charging pads across Europe is closely linked to the growing Wireless EV Charging market as there is growth in electric vehicle adoption and infrastructure development initiatives. Technological advancements, such as improved alignment tolerance and charging efficiency, further boost European adoption rates.

• The United Kingdom Wireless EV Charging market had a share of USD 4.29 million in 2024 and is projected to grow at a CAGR of 48.5% during the forecast period. Wireless EV charging sales increased in the UK due to rising electric vehicle adoption and government initiatives. 
• The France Wireless EV Charging market is projected to witness growth at a CAGR of 46.9% during the forecast period, with a market size of USD 2.35 million in 2024.
• According to Cognitive Market Research, the German wireless EV Charging market was valued at USD 5.06 million in 2024 and is projected to grow at a CAGR of 47.9% during the forecast period—Wireless EV Charging sales surge in Germany due to the nation's sustainable transportation solutions. 
• The Italy Wireless EV Charging market is projected to witness growth at a CAGR of 47.1% during the forecast period, with a market size of USD 2.20 million in 2024.
• The Russian Wireless EV Charging market is projected to witness growth at a CAGR of 46.7% during the forecast period, with a market size of USD 3.96 million in 2024.
• The Spain Wireless EV Charging market is projected to witness growth at a CAGR of 46.8% during the forecast period, with a market size of USD 2.10 million in 2024.
• The Luxembourg Wireless EV Charging market is projected to witness growth at a CAGR of 47.8% during the forecast period, with a market size of USD 0.79 million in 2024.
• The Portugal Wireless EV Charging market is projected to witness growth at a CAGR of 47.5% during the forecast period, with a market size of USD 0.54 million in 2024.
• The Greece Wireless EV Charging market is projected to witness growth at a CAGR of 48.0% during the forecast period, with a market size of USD 0.31 million in 2024.
• The Rest of Europe's Wireless EV Charging market is projected to grow at a CAGR of 46.4% during the forecast period, with a market size of USD 3.96 million in 2024.

Asia Pacific Wireless EV Charging

According to Cognitive Market Research, the global Wireless EV Charging market size was estimated at USD 85.2 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 19.60 million in 2024 and will grow at a compound annual growth rate (CAGR) of 51.2% from 2024 to 2031. The Asia Pacific region is experiencing growth due to its increasing focus on reducing air pollution and carbon emissions, which results in the adoption of electric vehicles and the deployment of charging infrastructure in APAC countries. The rising demand for Wireless EV Charging in the Asia Pacific finds a pivotal ally in the growing preference for electric vehicles. Increasingly, government initiatives promoting clean transportation and offering incentives for electric vehicle adoption further fuel the segment's expansion in this region.

• According to Cognitive Market Research, the China Wireless EV Charging market size was valued at USD 8.82 million in 2024 and is projected to grow at a CAGR of 50.7% during the forecast period—Wireless EV Charging sales surge in China due to the nation's significant investments in charging infrastructure.
• The Japan Wireless EV Charging market is projected to witness growth at a CAGR of 49.7% during the forecast period, with a market size of USD 2.70 million in 2024.
• The India Wireless EV Charging market had a market share of USD 2.35 million in 2024 and is projected to grow at a CAGR of 53.0% during the forecast period. The demand is augmented by India's widespread deployment of wireless charging technology.
• The South Korean Wireless EV Charging market is projected to witness growth at a CAGR of 50.3% during the forecast period, with a market size of USD 1.96 million in 2024.
• The Australia Wireless EV Charging market is projected to witness growth at a CAGR of 50.9% during the forecast period, with a market size of USD 1.02 million in 2024.
• The South East Asia Wireless EV Charging market is projected to witness growth at a CAGR of 52.2% during the forecast period, with a market size of USD 1.35 million in 2024.
• The Rest of the Asia Pacific Wireless EV Charging market is projected to witness growth at a CAGR of 51.0% during the forecast period, with a market size of USD 1.39 million in 2024.

South America Wireless EV Charging

According to Cognitive Market Research, the global Wireless EV Charging market size was estimated at USD 85.2 Million, out of which the Latin America market has more than 5% of the global revenue with a market size of USD 4.26 million in 2024. It will grow at a compound annual growth rate (CAGR) of 48.6% from 2024 to 2031. Wireless EV Charging sales in Latin America are experiencing growth due to the region's increasing awareness of environmental sustainability, and government initiatives promoting electric vehicle adoption drive the demand. The upswing in aftermarket category products across Latin America is closely tied to the expanding Wireless EV Charging market. Growing demand for aftermarket products such as charging accessories, upgrades, and maintenance services, catering to the evolving needs of electric vehicle owners in Latin America.

• According to Cognitive Market Research, the Brazil Wireless EV Charging market size was valued at USD 1.82 million in 2024 and is projected to grow at a CAGR of 49.2% during the forecast period. Wireless EV charging sales flourish in Brazil due to the nation's commitment to sustainability and the growing adoption of electric vehicles.
• The Argentina Wireless EV Charging market had a share of USD 0.72 million in 2024 and is projected to grow at a CAGR of 49.5% during the forecast period. The demand is augmented by Argentina's investments and innovation in wireless charging technology.
• The Colombia Wireless EV Charging market is projected to witness growth at a CAGR of 48.4% during the forecast period, with a market size of USD 0.38 million in 2024.
• The Peru Wireless EV Charging market is projected to witness growth at a CAGR of 48.8% during the forecast period, with a market size of USD 0.35 million in 2024.
• The Chile Wireless EV Charging market is projected to witness growth at a CAGR of 48.9% during the forecast period, with a market size of USD 0.31 million in 2024.
• The Rest of the Latin America Wireless EV Charging market is projected to witness growth at a CAGR of 47.7% during the forecast period, with a market size of USD 0.69 million in 2024.

North America Wireless EV Charging

According to Cognitive Market Research, the global Wireless EV Charging market size was estimated at USD 85.2 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 34.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 47.4% from 2024 to 2031. Wireless EV Charging sales dominate North America, fuelled by technological advancements and key players in the region who are investing in infrastructure development. Collaboration between automakers and charging infrastructure providers further boosts market growth, positioning North America as a leading wireless EV charging technology hub. The BEV segment in North America is intricately tied to the expanding Wireless EV Charging market. There is a growing network of wireless charging infrastructure across the region, making BEVs more accessible and convenient for users, further fostering substantial market growth.

• According to Cognitive Market Research, the US had a major share in the Wireless EV Charging market with a market size of USD 26.89 million in 2024, projected to grow at a CAGR of 47.2% during the forecast period. The demand is amplified by the nation's increasing electric vehicle adoption and government initiatives supporting infrastructure development to propel consistent growth. 
• The Canada Wireless EV Charging market had a market share of USD 4.09 million in 2024 and is projected to grow at a CAGR of 48.2% during the forecast period. Canada's rising innovation and investment in wireless charging technology contributes to increased usage of Wireless EV Charging. 
• The Mexico Wireless EV Charging market is projected to witness growth at a CAGR of 47.9% during the forecast period, with a market size of USD 3.10 million in 2024.

Wireless EV Charging Market Analysis

Wireless EV Charging Market Propulsion Type Segment Analysis

According to Cognitive Market Research, battery electric vehicles (BEV) held a prominent market share. Battery technology advancements have increased driving ranges, faster charging times, and reduced costs, making BEVs more practical and appealing to consumers. Further, as technological advancements and supportive policies drive adoption, the BEV segment continues to grow rapidly, with forecasts indicating further expansion in the coming years.

Plug-In Hybrid Electric Vehicle (PHEV) is the fastest-growing category over the forecast period. The surge in demand is due to viable alternatives to traditional internal combustion engine vehicles, offering consumers a balance between electric and gasoline powertrains. Further, automakers are expanding their PHEV offerings, introducing new models with improved battery range and performance to meet increasing consumer demand, marking PHEV as the fastest-growing segment.

• Battery Electric Vehicle (BEV)
• Plug-In Hybrid Electric Vehicle (PHEV)
• Commercial EV

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Wireless EV Charging Market Charging System Segment Analysis

According to Cognitive Market Research, Inductive Power Transfer (IPT) holds a prominent market share. Technological advancements, including improvements in efficiency and charging speeds, have made IPT systems more appealing to electric vehicle owners. Further, government incentives, support for electric vehicle adoption, charging infrastructure development, and demand for efficient and reliable wireless charging solutions have bolstered the IPT segment's growth. 

The Magnetic Power Transfer (MPT) segment is the fastest-growing category over the forecast period. Magnetic Power Transfer technology utilizes magnetic fields to transfer energy wirelessly between a charging pad and a receiver in the vehicle. As electric vehicle adoption continues to rise globally and demand for wireless charging infrastructure increases, Magnetic Power Transfer technology is expected to see significant growth and adoption in the market.

• Magnetic Power Transfer
• Inductive Power Transfer
• Capacitive Power Transfer

The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Wireless EV Charging market report 2024 Edition by contacting our team.

Wireless EV Charging Charging Type Segment Analysis

According to Cognitive Market Research, stationary wireless charging systems hold a prominent market share. Since it involves charging pads or plates installed in fixed locations, such as parking spaces or designated charging stations, where electric vehicles can park and charge wirelessly, this offers convenience and efficiency for electric vehicle owners, allowing for seamless charging experiences without needing physical connectors or cables.

Dynamic wireless charging systems are the fastest-growing category over the forecast period. It involves charging infrastructure embedded in roads or highways to enable continuous charging while the vehicle is in motion, showing promising potential for future applications. Further, technological advancements, government support, increasing adoption in public transportation, infrastructure development, and collaborations drive market expansion in the electric vehicle charging industry, further propelling the growth of this segment.

• Dynamic Wireless Charging System
• Stationary Wireless Charging System

Wireless EV Charging Component Segment Analysis

According to Cognitive Market Research, vehicle charging Pads hold a prominent market share. The surge in demand is due to the convenience and ease of use provided by vehicle charging pads, which offer electric vehicle owners a hassle-free charging experience. With the increasing adoption of electric vehicles globally, there is a growing demand for efficient and user-friendly charging solutions, further propelling the expansion of this segment.

Base charging pad is the fastest-growing category over the forecast period. It serves as the primary component of the charging system, providing the interface for transferring power wirelessly to the vehicle's charging pad. and ornamental plants. Further, technological advancements in wireless charging technology have enhanced the efficiency and reliability of base charging pads, making them more attractive to consumers.

• Base Charging Pad
• Power Control Unit
• Vehicle Charging Pad
• Battery Management Systems

Wireless EV Charging Power Supply Segment Analysis

According to Cognitive Market Research, 11-50KW hold a prominent market share. Chargers with power ratings between 11-50KW exhibit improved efficiency and significantly reduced charging times compared to those between 3-11KW. Further, as electric vehicle adoption rates increase and charging infrastructure expands to meet growing demand, the 11-50 kW charger segment continues to grow.

Less than 50KW is the fastest-growing category over the forecast period since they encompass a range of charging solutions suitable for various applications, including residential, commercial, and public charging. Chargers in the Less than 50 kW category offer flexibility and versatility, appealing to many users and driving their rapid growth in the electric vehicle charging market.

• 3-11KW
• 11-50KW
• Less than 50KW

Wireless EV Charging Vehicle Type Segment Analysis

According to Cognitive Market Research, passenger cars hold a prominent market share. Ongoing advancements in electric vehicle technology, particularly battery technology, have significantly improved electric passenger cars' range, performance, and affordability. Further, various government incentives and regulations promoting sustainable transportation have played a crucial role in driving the adoption of electric passenger cars.

Commercial vehicles are the fastest-growing category over the forecast period as businesses progressively recognize the operational cost savings and potential for increased efficiency associated with electric commercial vehicles. Further, technological advancements, regulatory support, infrastructure development, and shifting market dynamics converge to accelerate the adoption of electric commercial vehicles, which are expected to result in continued growth in this segment.

• Passenger Vehicles
• Passenger Cars
• Commercial Vehicle
• Heavy Commercial Vehicles
• Others
• Electric Two-wheelers

Author's Detail

Kalyani Raje

Senior Research Analyst at Cognitive Market Research

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An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile & Transportation vertical.

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