Wireless Electric Vehicle (EV) Charging Systems Market Size, Share, Growth Analysis, By Type(Static Wireless EV Charging Systems, Dynamic Wireless EV Charging Systems), By Component(Base Pads, Power Control Units, Vehicle Pads, Battery Management Systems), By Technology(Capacitive Wireless EV Charging Systems, Inductive Wireless EV Charging Systems, Permanent Magnet Gear Wireless EV Charging Systems, Resonant Inductive Wireless EV Charging Systems), By Power Supply(Less than 11 kW, More than 50 kW, 11 kW to 50 kW), By Propulsion Type(Battery Electric Vehicles, Plug-in Hybrid Electric Vehicles), By Application(Commercial Wireless EV Charging Systems, Residential Wireless EV Charging Systems), By End User(Light Commercial Vehicles, Heavy Commercial Vehicles, Passenger Vehicles, Mopeds & Scooters.), By Region - Industry Forecast 2024-2031

Wireless Electric Vehicle Charging Systems Market Driver

• Increasing popularity of electric vehicles due to their efficiency and environmental friendliness has fueled the need for fast-charging infrastructure in recent years. Electric cars are projected to be used for both city commuting and long-distance travel. However, most EVs in the market do not have a range of more than 100 miles, necessitating the use of fast-charging technologies to provide smooth, uninterrupted driving. Wireless charging, which may offer up to 11 kilowatts of power equal to level-2 chargers, is a viable answer for the expanding and rapidly changing charging requirements. Many wireless technology firms, including WiTricity Corporation, Momentum Wireless Power, and Wave Inc., are investing heavily in research and development of fast-charging wireless power transmission technologies for electric cars.

Wireless Electric Vehicle Charging Systems Market Restraint

• For power transmission using a power control unit, wireless charging technology for electric cars requires transmitter and receiver coils (PCU). The transmitter coil is located in the base charging pad (BCP), whereas the receiver coil is located beneath the vehicle charging pad (VCP). The cost of aftermarket wireless charging system for residential installation is around USD 2,500-3,000. The use of wireless charging technology in an electric vehicle raises the vehicle's price. As a result, wireless electric car charging becomes more expensive. Wireless charging technology will become more affordable as demand grows and electric vehicles become more widely available.