“Global
Wireless Car Charging Market Analysis & Opportunity Outlook 2021”
The global wireless car
charging market is segmented into application such as power electric and hybrid
cars. Among these segments, power electric or electric vehicle segment is
anticipated to witness considerable growth during the forecast period. Factors
such as lack of potential of electric vehicles to run for long distance and need
to charge them at intervals are fuelling the demand for wireless car charging. Moreover,
wireless car charging technology will allow electric vehicles to charge while
running.
Global wireless car charging market
is expected to flourish at a notable CAGR over the forecast period. Moreover,
the global wireless car charging market
is expected to reach at USD 6.0 Billion by the end of 2021. Increasing sales of
electric vehicles and technological advancements in electric vehicles are some
of the major factors which are envisioned to foster the growth of market during
the forecast period.
Geographically, Europe wireless
car charging market is anticipated to thrive during the forecast period.
Government support, falling battery cost and increasing sales of electric vehicles
are likely to be the key factors behind the growth of wireless car charging
market over the forecast period. Moreover, driving and usage benefits in Europe
region such as preferential parking permits in dense urban areas and permission
to drive in bus and taxi lanes and save considerable time during rush hours are
increasing the sales of electric vehicles which in turn likely to foster the
growth of wireless car charging market in Europe region.
Technological
Advancement in Charging Technology
Inability of electric vehicles to run for longer
distance as they need to charge at intervals is a key factor which is expected
to fuel the growth of wireless car charging market in near future.
Favourable
Government Initiatives and Programmes
Various government initiatives
to increase the sales of electric vehicles for instance, china is looking
forward to ban combustion engine vehicles to encourage the adoption of electric
vehicles are anticipated to bolster the growth of global wireless car charging
market in near future.
Although, lack of availability
of standardized wireless car charging system and low adoption rate of electric
vehicles in underdeveloped countries are some of the factors which are expected
to hinder the growth of the wireless car charging market in the near future.
The
report titled “Global
Wireless Car Charging Market Analysis & Opportunity Outlook 2021” delivers detailed overview of
the global wireless car charging market in terms of market segmentation by technology,
by application and by region.
Further,
for the in-depth analysis, the report encompasses the industry growth drivers,
restraints, supply and demand risk, market attractiveness, BPS analysis and
Porter’s five force model.
This report also provides the
existing competitive scenario of some of the key players of the global wireless
car charging market which includes company profiling of Evatran Group, Qualcomm
Technologies, Inc., WiTricity Corporation, and HEVO Power. Some other prominent
vendors that may enter into manufacturing of wireless car charging are Continental
AG, Ford Motor Company, BMW Automobile Company, Nissan
Motor Company Ltd. and Bosch Group. The profiling enfolds key
information of the companies which encompasses business overview, products and
services, key financials and recent news and developments. On the whole, the
report depicts detailed overview of the global wireless car charging market
that will help industry consultants, equipment manufacturers, existing players
searching for expansion opportunities, new players searching possibilities and
other stakeholders to align their market centric strategies according to the
ongoing and expected trends in the future.
About Research
Nester
Research Nester is a leading service provider for
strategic market research and consulting. We aim to provide unbiased,
unparalleled market insights and industry analysis to help industries,
conglomerates and executives to take wise decisions for their future marketing
strategy, expansion and investment etc. We believe every business can expand to
its new horizon, provided a right guidance at a right time is available through
strategic minds. Our out of box thinking helps our clients to take wise
decision so as to avoid future uncertainties.
Read more Information: https://www.researchnester.com/reports/global-wireless-car-charging-market-analysis-opportunity-outlook-2021/115
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