According to CMi Global Wireless Electric Vehicle Charging Systems Market Size & Forecast to Surpass US$ 450 Mn By 2030

According to the study, The Global Wireless Electric Vehicle Charging Systems Market was estimated at USD 14 Million in 2021 and is anticipated to reach around USD 450 Million by 2030, growing at a CAGR of roughly 90% between 2022 and 2030.

Overview:

The key factors propelling the growth of the wireless electric vehicle (EV) charging systems market are the rising demand for fast-charging infrastructure for EVs, the expansion of wireless charging infrastructure in European nations, the prevalence of range anxiety, and the standardization of wireless EV charging systems. Major retail MNCs and shared mobility operators worldwide are projected to deploy autonomous vehicles more frequently in public transportation and logistics in the upcoming years, creating considerable growth potential for market participants.

Growth Drivers:

The market has increased significantly due to a growing population, rising market demands, and better-developed technologies. The rapid adoption of newly developed innovative technologies with additional benefits from wireless electric vehicle charging, including simplicity of use, absence of carbon dioxide emissions and improvement of the global environment, higher efficiency, low maintenance costs, and reduced shock effects. The vehicle’s battery gets charged through the transfer of electricity from one magnetic coil to another. Electric car wireless charging uses batteries the same size and weight as those used in practical vehicles. These two factors together account for a significant drop in the price of electric automobiles.

Global Wireless Electric Vehicle Charging Systems Market was estimated at USD 14 Million in 2021 and is anticipated to reach around USD 450 Million by 2030, growing at a CAGR 90% | 2022 - 2030”

Read More: https://www.custommarketinsights.com/report/wireless-electric-vehicle-charging-systems-market/