The Wireless Electric Vehicle (EV) Charging Systems Market is projected to reach $2.5 billion by 2030, at a CAGR of 50.1% during the forecast period. The growth of this market is mainly attributed to the rising demand for electric vehicle fast-charging infrastructure for fleet operations, the increasing implementation of wireless charging infrastructure in Europe, and the increasing prevalence of range anxiety. However, the high cost of wireless charging infrastructure will likely hinder the market’s growth.
The standardization of wireless electric vehicle charging systems and the growing use of autonomous vehicles in public transport and logistics is expected to provide significant growth opportunities for vendors operating in this market. However, insufficient funding poses a challenge to the growth of the overall market.
Here are the top 10 companies operating in Wireless Electric Vehicle Charging Systems Market
ElectReon Wireless Ltd.
Founded in 2013 and headquartered in Beit Yanai, Israel, ElectReon Wireless Ltd. develops and implements Wireless Electric Road Systems (ERS). The company focuses on enhancing E-mobility and eliminating the use of fossil fuels for transportation. Electreon has developed smart road technology using a dynamic wireless electric system for the electrification of transportation. The firm uses wireless electric system technology to reduce the need for heavy batteries. It focuses on smart road technology, wireless energy, public transportation, electric vehicles, E- mobility, and autonomous vehicles. The company offers Charging-as-a-service for fleets operators and municipalities.
ElectReon Wireless Ltd. has several ongoing pilot projects on dynamic wireless charging in various locations, such as Tel Aviv, Gotland, Germany, and Italy.
Founded in 2007 and headquartered in Massachusetts, U.S., WiTricity Corporation develops wireless charging for electric vehicles. The company specializes in wireless electricity, wireless power transfer, wireless charging, magnetic resonance, and electric vehicles. With its subsidiaries and a strong distribution network, the company has a presence across Europe, the U.S., China, Japan, and South Korea.
The company provides automotive solutions, engineering services & support, and licensing and caters to different industry segments, such as consumer electronics, industrial, and medical.
Founded in 2011 and headquartered in New York, the U.S., HEVO Inc. develops wireless charging solutions for electric vehicles. The company offers wireless charging solutions for electric vehicles, focusing on providing users with advanced charging technologies.
HEVO’s power wireless charging solution consists of three components: App & Cloud Sync, Power Station, and Wireless Receiver. The HEVO app shows nearby charging stations, monitors and evaluates charging statistics and bill payment status, and indicates charging stations’ availability. With its subsidiaries and a strong distribution network, the company has a presence across North America and Europe, with offices in Brooklyn, Amsterdam, and Silicon Valley.
Founded in 2011 and headquartered in Utah, the U.S., WAVE, LLC develops and manufactures wireless power transfer technology for electric buses. The company offers wireless charging systems with a capacity of up to 250 kW and provides wireless charging solutions based on inductive charging technology to buses on routes throughout the U.S.
WAVE depots provide solutions to charge multiple vehicles automatically without manual valet work and moving plug-in chargers. The company specializes in wireless power transfer, inductive power, and electric vehicles.
Plugless Power LLC
Founded in 2009 and headquartered in Texas, U.S., Plugless Power LLC uses inductive charging technology to eliminate the need to plug in EVs. The company caters to sectors such as automotive, drones, and electric vehicles.
Plugless Power is the world’s first hands-free proximity charging system for electric vehicles. The company has delivered over 1 million wireless charging hours for EVs. It has installed wireless charging stations at Google’s office in California and Hertz’s office in Florida.
Meticulous Research in its latest publication on Wireless Electric Vehicle Charging Systems Market has predicted the growth of 50.1% during the forecast year 2023-2030
Founded in 2009 and headquartered in Pennsylvania, U.S., InductEV Inc. is a leader in the development of wireless power charging technology for electric vehicles. The company’s proprietary magnetic induction system offers commercial and passenger electric and hybrid vehicles the ability to charge their batteries under all weather conditions with completely automatic operation.
InductEV’s systems for electric vehicles have been demonstrated with multiple vehicle types and can be installed at prices comparable to Level 2 plug-in public chargers.
Founded in 1871 and headquartered in Hanover, Germany, Continental AG develops technology and services for sustainable and connected mobility and also offers safe, efficient, and intelligent solutions for machines and vehicles. The company operates through four business segments: Automotive, Tires, ContiTech, and Contract Manufacturing. In the EV wireless charging systems market, the company offers its AllCharge charging system and automated wireless charging solution for electric vehicles.
Established in 1919 and headquartered in Osaka, Japan, DAIHEN Corporation is an electric and electronic manufacturing company providing products such as transformers, solar inverters, power distribution equipment, welding machines, cutting machines, industrial robots, wireless power transmission systems, RF/MW generators, and automatic matching units for plasma applications.
DAIHEN Corporation has ten sales bases and eight production bases globally. The company operates through four business segments: Semiconductor & FPD Related, Welding & Mechatronics, Power Products, and Other. The company provides wireless power transfer systems through the Welding & Mechatronics business segment.
Founded in 1875 and headquartered in Tokyo, Japan, Toshiba Corporation is a global manufacturer of innovative solutions for industrial, infrastructure, and electronics markets. The company offers various products and services such as infrastructure systems, digital products, electronic devices & components, computers & tablets, memory, SSDs, visual products, and home appliances.
Toshiba specializes in energy, social infrastructure, electronic devices, and digital solutions. The company offers a safe, easy-to-use contactless battery charger using wireless power transmission for EVs and plug-in hybrid electric vehicles (PHEVs) in the EV wireless charging systems market.
The company operates through seven segments: Energy Systems & Solutions, Infrastructure Systems & Solutions, Building Solutions, Electronic Devices & Storage Solutions, Digital Solutions, Retail & Printing Solutions, and Other.
Lumen Pty Ltd
Founded in 1984 and headquartered in Hallam, Australia, Lumen Pty Ltd specializes in designing and manufacturing a vast array of automotive products designed to improve driving safety and comfort. In 2019, Lumen Freedom, a member of the Lumen Group, developed a globally certified 11 kW Wireless Electric Vehicle Charging system. The Lumen Freedom system is not only limited to static charging but is capable of charging moving vehicles. Lumen Freedom has been working on wireless power transfer technology for several years and has multiple production programs with global automotive OEMs.
Authoritative Research on the Wireless Electric Vehicle Charging Systems Market – Global Opportunity Analysis and Industry Forecast (2023-2030)
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