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The Wireless Electric Vehicle Charging Systems Market was valued at $145.9 million in 2023. This market is expected to reach $4,333.1 million by 2031 from an estimated $202.6 million in 2024, at a CAGR of 54.9% during the forecast period from 2024 to 2031.
The increasing adoption of electric vehicles (EVs), driven by their efficiency and eco-friendly benefits, has sparked a growing demand for fast-charging infrastructure. In 2021, global sales of electric cars, including battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs), surged to 6.6 million—nearly doubling year-on-year. With over 16.5 million electric vehicles on the road worldwide, the EV revolution is gaining momentum. In the U.S. alone, sales of electric vehicles more than doubled from 2020 to 630,000 units, ranking second globally after China and Europe, which together accounted for over 85% of all EV sales in 2021.
As electric vehicles become essential for both city commutes and long-distance travel, the need for fast-charging solutions is becoming increasingly critical. Many EVs currently offer a range of less than 100 miles, requiring reliable and rapid charging options to ensure seamless travel.
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Wireless Charging: A Breakthrough Solution for Fast Charging
Wireless charging technology is emerging as a key solution to meet the fast-charging demands of electric vehicles. With the ability to deliver up to 11 kilowatts of power—comparable to level-2 chargers—wireless charging is a promising alternative for both public and private charging networks. Leading wireless technology companies, including WiTricity Corporation (U.S.), InductEV Inc. (U.S.), and Wave, LLC (U.S.), are heavily investing in research and development to advance wireless power transfer solutions for EVs.
A significant milestone in this space is Oak Ridge National Laboratory’s (U.S.) development of a 20kW wireless charger, which delivers three times faster charging than standard plug-in units with over 90% efficiency. This advanced charger can charge an electric vehicle from 0% to 80% in just 20 to 60 minutes, showcasing the potential of wireless technology to enhance the EV charging experience.
Standardization and Public Transportation: Key Growth Opportunities
The growth of the wireless EV charging systems market is also being fueled by the standardization of wireless charging systems and the increasing use of electric vehicles in public transport and logistics. In May 2016, the Society of Automotive Engineers (SAE) issued global standards for wireless electric vehicle charging. The SAE J2954 standard provides a framework for industry-wide specifications, covering interoperability, electromagnetic compatibility, EMF, performance, safety, and testing for wireless power transfer in EVs.
The SAE J2954 standard aligns wireless charging levels with the SAE J1772 conductive AC charging levels, offering flexibility in charging rates based on vehicle requirements. This standardization simplifies the integration of wireless and plug-in EV charging systems, promoting customer convenience, vehicle design flexibility, and accelerated commercialization of wireless charging products.
Looking Ahead: The Future of Wireless EV Charging
The publication of global standards for wireless charging systems has laid the foundation for further innovation and commercialization in the EV industry. OEMs and wireless charging solution providers are now poised to expand their product offerings, driving research and development in this transformative technology.
With growing investments, advancements in wireless power transfer technology, and standardized charging systems, the wireless EV charging market is set to experience significant growth in the coming years, supporting the broader transition to electric vehicles and sustainable transportation solutions.
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Wireless Electric Vehicle Charging Systems Market Research Summary
| Particulars | Details |
| Number of Pages | 295 |
| Format | |
| Forecast Period | 2024–2031 |
| Base Year | 2023 |
| CAGR (Value) | 54.9% |
| Market Size (Value) | USD 4,333.1 Million by 2031 |
| Segments Covered | By Type
By Component
By Technology
By Power Supply
By End Use
By Propulsion Type
By Vehicle Type
By Distribution Channel (Static System)
|
| Countries Covered | Europe (Germany, Sweden, U.K., France, Norway, Italy, Netherlands, Switzerland, Spain, Portugal, Denmark, and Rest of Europe), Asia-Pacific (China, South Korea, Japan, India, Australia, Singapore, and Rest of Asia-Pacific), North America (U.S., Canada), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), and the Middle East & Africa (UAE, Israel, Saudi Arabia, South Africa, Rest of Middle East & Africa) |
| Key Companies | Witricity Corporation (U.S.), Mojo Mobility Inc. (U.S.), HEVO Inc. (U.S.), WAVE, LLC (U.S.), Continental AG (Germany), DAIHEN Corporation (Japan), Beam Global (U.S.), 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.) and Lumen Pty Ltd (Australia) |
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