Wireless Electric Vehicle (EV) Charging Market Size to Reach USD 1,592.5 Million in 2032

CALCUTTA, India - June 16, 2025 - PRLog -- The growing adoption of Electric Vehicles (EVs) is a primary driver of market revenue growth. According to the International Energy Agency (IEA), approximately 14 million new electric cars were registered globally in 2023, bringing the total number of EVs on the road to 40 million. This reflects an increase of 3.5 million units from 2022, translating to a 35% year-over-year rise in EV sales. EVs accounted for about 18% of total car sales in 2023, up from 14% the previous year.

However, vehicle compatibility limitations are hindering the revenue growth of the market. Currently, only a small number of EV models come equipped with the required receiver hardware to enable wireless charging, which significantly narrows the addressable market for this technology.

Get Exclusive Report Insights Here:
https://navistratanalytics.com/report_store/wireless-electric-vehicle-ev-charging-market/

Segments Market Overview and Growth Insights:

Based on the charging method, the wireless Electric Vehicle (EV) charging market is segmented into stationary wireless charging and dynamic wireless charging. The stationary wireless charging segment held the largest market share in 2024, driven by rising demand for convenient, low-maintenance charging solutions across residential, commercial, and fleet environments.

Regional Market Overview and Growth Insights:

The Asia Pacific region is expected to experience rapid revenue growth over the forecast period, driven by the swift adoption of electric vehicles, particularly in China. The country has generated significant demand for advanced charging technologies. According to the International Energy Agency (IEA), China accounted for nearly 60% of global new electric car registrations in 2023. The share of EVs in the country's total car sales exceeded 35%, up from 29% in 2022.

Competitive Landscape and Key Competitors

The Wireless Electric Vehicle (EV) Charging market is characterized by a fragmented structure. List of major players included in the market report are:

WiTricity Corporation, Electreon Wireless Ltd, InductEV Inc., Plugless Power Inc, HEVO Inc, Efacec, Robert Bosch GmbH, and others.

Major Strategic Developments by Leading Competitors:

Hevo: On March 01, 2023, Hevo, a developer of wireless EV charging solutions, partnered with Stellantis to incorporate wireless charging capabilities into Stellantis' electric vehicles. The collaboration begins with a demonstration of Level 2 wireless charging on a Chrysler Pacifica plug-in hybrid at Stellantis' office complex.

Download the report summary:
https://navistratanalytics.com/request-free-sample/1144