“Wireless Electric Vehicle Charging (WEVC) Technologies market worth $513.3 million in 2019” says Visiongain report

27 August 2019
Electronics

Visiongain’s new automotive report Wireless Electric Vehicle Charging (WEVC) Market Report 2019-2029: Forecasts by Power Source (3kW to 10kW, 11kW to 50kW and >50kW), by Vehicle Type (BEV, PHEV and Commercial EV) and by Installation (Residential and Commercial) Plus Analysis of Leading Companies and Regional and Leading National Market Analysis indicates that the global Wireless Electric Vehicle Charging (WEVC) Market will see $513.3 Million in spending in 2019

The lead analyst of the report said: "The adoption of Wireless Electric Vehicle Charging vehicles is expected to increase significantly in the coming years due to the growing usage of electric vehicles and increasing need for flexible charging. EVs operate on electric motors and run exclusively on electricity. These are increasingly being used to eliminate the use of traditional fuels such as gasoline which causes emission of harmful gases like carbon, nitrogen, etc. Sports car makers like Porsche, Ferrari, and McLaren, have already started including electric motors, together with their supercharged internal combustion engines, to make their cars more environmentally safe. Market players in the global industry are introducing fuel-efficient and low-cost electric vehicles to cater to the growing consumer needs. There has been a significant reduction in the prices of Li-ion batteries over the years, which drives the growth of the electric vehicle market. Most electric vehicles are equipped with Li-ion batteries. Incentives and subsidies are being offered on the purchase of electric vehicles by the government across the world."

Wireless electric vehicle charging (WEVC) technology is convenient, easy-to-use, flexible and highly efficient. It is reliable and safe that helps in charging the electric vehicles without the use of physical connectors, cables or wires. The growing usage of electric vehicles along with their improved battery life is expected to drive the market growth. The wireless electric vehicle charger is not affected by rain or snow and it can be used in any weather conditions. The wireless electric vehicle charging has the ability to charge the electric vehicles in a very short span of time as compared to the other wired charging systems. It reduces the continual stop for charging during the long journeys as it can be charged while the vehicle is in motion. At present, one of the most leading companies providing wireless charging to electric vehicles is ‘Plugless’ available in the market. Moreover, the latest trend of wireless charging is the ‘dynamic charging’ system which put forwards charging facility while the vehicle is in motion. A few famous models of electric vehicles available in the market are Tesla Model S, Nissan Leaf and BMW i8 Roadster.

The 150-page report contains 165 tables, charts and graphs that add visual analysis in order to explain developing trends within the battery electric vehicles market. The report offers market forecast and analysis for 4 regions and 26 leading national markets and the rest of the world market. In addition, the report contains a dedicated leading companies’ chapter covering 10 companies leading in the field of battery electric vehicle charging.

The Wireless Electric Vehicle Charging (WEVC) Market Report 2019-2029 report will be of value to anyone who wants to better understand the Wireless electric vehicle charging market and its various segments. It will be useful for businesses who wish to better comprehend the part of the market they are already involved in, or those wishing to enter or expand into a different regional or technical part of the Wireless electric vehicle charging industry.

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongain.com or call her on +44 (0) 207 336 6100.

About Visiongain
Visiongain is one of the fastest-growing and most innovative independent media companies in Europe. Based in London, UK, company name produces a host of business-to-business conferences, newsletters, management reports and e-zines focusing on the automotive, chemical, cyber, defence, energy, pharmaceutical, materials and telecoms sectors.

Visiongain publishes reports produced by its in-house analysts, who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.

Recent News

New Visiongain report: Water Quality Sensor Market 2020 – 2030

Increasing need to assess the quality of water before supplying it to the distribution system has prompted water treatment facilities to install water quality sensors, which ultimately increases demand for water quality sensor goods.

07 November 2019

Read

“Video Analytics Market is expected to grow during the forecast period”, says Visiongain

n addition, increased demand for IP-based security systems and services, and growing concerns regarding life safety and security as well as resources, are projected to boost the development of the market for video analytics during the forecast period.

01 November 2019

Read

“The market size of the international variable frequency drive is expected to advance in the forecast period at a CAGR of 8.2 percent”, says Visiongain

In 2016, global energy intensity, calculated as the primary energy demand needed to produce one unit of GDP, dropped by about 1.8%.

01 November 2019

Read

“Global market size of telecom electronic manufacturing services (EMS) is expected to reach USD 400 billion by 2030”, says Visiongain

IoT is the next key trend and it is estimated that it will support the telecommunications industry in terms of revenue generation and infrastructure expansion, which is then estimated to drive the market over the forecast years.

01 November 2019

Read

Kelloggs
3m
Thales
Shell
TEVA
Lockheed-Martin
Pfizer
Raytheon
Halliburton
Du-Pont
Honeywell
Daimler
BASF
Bayer
BP
BAE-Systems
Unilever