The Wireless Electric Vehicle (EV) Charging Systems Market is on a trajectory to reach an estimated $2.5 billion by 2030, according to the latest forecast by Meticulous Research. The market is expected to grow at an impressive Compound Annual Growth Rate (CAGR) of 50.1% during the forecast period.
This surge is attributed to the increasing demand for electric vehicle fast-charging infrastructure, especially in fleet operations. The implementation of wireless charging infrastructure in Europe and the growing prevalence of range anxiety are also significant drivers of this market growth. However, challenges such as the high cost of wireless charging infrastructure are anticipated to impede the market's progress.
Market Opportunities and Challenges
The standardization of wireless electric vehicle charging systems and the rise of autonomous vehicles in public transport and logistics are expected to provide substantial growth opportunities for companies operating in this market. However, insufficient funding remains a challenge that needs to be addressed for the sustained growth of the overall market.
Top 10 Companies Leading the Charge: https://meticulousblog.org/top-10-companies-in-wireless-electric-vehicle-ev-charging-systems-market/
1. ElectReon Wireless Ltd.
• Headquarters: Beit Yanai, Israel
• Focus: Wireless Electric Road Systems (ERS) for the electrification of transportation.
• Noteworthy: Ongoing pilot projects on dynamic wireless charging in various locations, including Tel Aviv, Gotland, Germany, and Italy.
2. WiTricity Corporation
• Headquarters: Massachusetts, U.S.
• Expertise: Specializes in wireless electricity, power transfer, and charging solutions for electric vehicles.
• Presence: Strong distribution network across Europe, the U.S., China, Japan, and South Korea.
3. HEVO Inc.
• Headquarters: New York, U.S.
• Solutions: Develops wireless charging solutions with a focus on providing advanced technologies for electric vehicles.
• Presence: Offices in Brooklyn, Amsterdam, and Silicon Valley, serving North America and Europe.
4. WAVE, LLC
• Headquarters: Utah, U.S.
• Technology: Develops wireless power transfer technology for electric buses with charging systems up to 250 kW.
• Innovation: Offers depots providing automated charging for multiple vehicles without manual intervention.
5. Plugless Power LLC
• Headquarters: Texas, U.S.
• Technology: Utilizes inductive charging to eliminate the need for plugging in electric vehicles.
• Milestone: World’s first hands-free proximity charging system with over 1 million wireless charging hours delivered.
6. InductEV Inc.
• Headquarters: Pennsylvania, U.S.
• Expertise: Leader in wireless power charging technology for electric vehicles, with a focus on all-weather charging.
• Affordability: Systems demonstrated with multiple vehicle types and installed at prices comparable to Level 2 plug-in public chargers.

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7. Continental AG
• Headquarters: Hanover, Germany
• Contribution: Offers AllCharge charging system and automated wireless charging solution for electric vehicles.
• Segments: Operates through Automotive, Tires, ContiTech, and Contract Manufacturing business segments.
8. DAIHEN Corporation
• Headquarters: Osaka, Japan
• Portfolio: Provides a range of electric and electronic products, including wireless power transmission systems for electric vehicles.
• Global Presence: Ten sales bases and eight production bases worldwide.
9. Toshiba Corporation
• Headquarters: Tokyo, Japan
• Solutions: Provides contactless battery chargers using wireless power transmission for EVs and PHEVs.
• Diverse Operations: Operates through seven segments, including Energy Systems & Solutions, Electronic Devices & Storage Solutions, and Digital Solutions.
10. Lumen Pty Ltd
• Headquarters: Hallam, Australia
• Expertise: Specializes in automotive products, including the development of a globally certified 11 kW Wireless Electric Vehicle Charging system.
• Innovation: Lumen Freedom system capable of charging moving vehicles, contributing to driving safety and comfort.

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Meticulous Research, in its latest publication on the Wireless Electric Vehicle Charging Systems Market, predicts a remarkable growth rate of 50.1% during the forecast years from 2023 to 2030.
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