"Market Intelligence for High-Geared Performance"

Electric Vehicle Wireless Charging Market Size, Share & COVID-19 Impact Analysis, By Power Supply (3–<11 KW, 11–50 KW, >50 KW), By Application (Commercial Charging Station, Home Charging Unit), By Vehicle Type (Passenger Cars, Commercial Vehicles), and Regional Forecasts, 2021-2028

Last Updated: June 03, 2024 | Format: PDF | Report ID: FBI105844



Play Audio Listen to Audio Version

The global electric vehicle wireless charging market size was USD 16.5 million in 2020 and is projected to grow from USD 18.6 million in 2021 to USD 221.0 million in 2028 at a CAGR of 42.4% during the 2021-2028 period. The Europe dominated the automotive exhaust system market with a share of 41.87% in 2020. 

The global impact of COVID-19 has been unprecedented and staggering, with wireless charging for Electric Vehicle (EV) witnessing a negative impact on demand across all regions amid the pandemic. Based on our analysis, the global market exhibited a decline of 4.12% in 2020 as compared to the average year-on-year growth during 2017-2019. The rise in CAGR is attributable to this market’s demand and growth, returning to pre-pandemic levels once the pandemic is over.

Electric Vehicle Wireless Charging offers several advantages, including ease of use, time saving, and aesthetics. At present, Electric Vehicle Wireless Charging is still in an early stage of development. Rapid technological changes, growing focus on research and development (R&D) activities, and stringent emission norms are projected to drive the market. Moreover, unlike wired electric vehicle charging stations, Electric Vehicle Wireless Charging is about transmitting energy without cables from a power source to a vehicle. Since this wireless charging technology is reliable, convenient, and cost-effective in the long-run, wireless electric vehicle charging is expected to gain prominence in the coming years.

Electric Vehicle Wireless Charging is expected to be attractive for certain vehicle types with defined routes, such as public buses, and it has also been proposed for future electric highway lanes. For instance, in September 2021, Michigan state’s government launched a pilot project to build a wireless charging road for EVs in Metro Detroit. Similarly, Sweden has successfully tested wireless electric roads for trucks & buses. Hence, such initiatives play an important role in driving the global market.


COVID-19 Pandemic has Slightly Impacted the Electric Vehicle Wireless Charging Market

In 2020, due to the COVID-19 crisis, the global auto part and vehicle manufacturing industries were facing a slowdown, owing to lockdown in various countries that restricted EV production. The demand for EV charging infrastructure has been impacted considerably. Major investments for installing electric vehicle charging infrastructure have halted as most EV supply equipment manufacturers globally have been affected, owing to nationwide lockdowns and government restrictions.

Moreover, the operations of some key companies have been impacted by the COVID-19 pandemic such as Tesla, Inc., Daimler AG, BMW AG, Kia Motors Corp., and Nissan Motor Co. Most of these players have shut down their EV production facilities and shifted their effort toward manufacturing personal protective systems. However, the market is expected to bounce back after the crisis; with the gradual removal of lockdowns in various countries, the demand for Electric Vehicle Supply Equipment (EVSE) has slightly increased, which is estimated to propel the market from 2021 to 2028.


Request a Free sample to learn more about this report.

Surge in Electric Vehicle Sales Expected to Drive Electric Vehicle Wireless Charging Market Growth

In 2020, global electric vehicles sales increased by 41% to about 3 million from the preceding year. The growth in the number of electric vehicles is still majorly driven by the government policy environment. Further, improved charging infrastructure, surge in both demand and supply-side factors, price parity with conventional vehicles due to federal incentives, outreach by manufacturers, and decreasing electric vehicle battery costs are driving EV sales. As more electric vehicles come on the road, the market for Electric Vehicle Wireless Charging is also anticipated to witness growth in the coming years.


Rapid Development of Fast-Charging Infrastructure for Electric Vehicles

The increasing number of electric vehicle owners necessitates more public charging facilities. As the electric vehicle base grows and continues to electrify more use cases, the demand for public fast charging is expected to rise in the coming years. Electric vehicles can be charged whenever and wherever they are parked, and electric vehicle owners should not have to worry themselves with the grid connection; EV batteries can charge automatically. The wider adoption of wireless electric vehicle charging solutions worldwide helps reduce air pollution. Therefore, these factors play an important role in driving the global market.


High Cost of Upgrading to Wireless Charging Technology

The issues of safety and cost of wireless charging systems since high voltage and high power necessary for EV charging are projected to hinder the market growth. Further, the wireless charging solution also necessitates an extra charger to be installed into the electric vehicle, thereby increasing the overall vehicle cost. These factors, in turn, are estimated to restrain the market growth in the coming years. Additionally, the upgrade of a wireless electric vehicle charger to the latest generation is more complex than the case of a wired charger, which may limit the market growth over the forecast period.


By Power Supply Analysis

3–<11KW Segment to Dominate Owing to the Increasing Adoption of this Power Solution Category

Based on power supply, the market is segmented into 3–<11 KW, 11–50 KW, and >50 KW. The 3–<11 KW segment held a major Electric Vehicle Wireless Charging market share in 2020 and is expected to be the second-fastest-growing market in the coming years. Moreover, the 11–50 KW power supply segment is projected to be the fastest-growing market from 2021 to 2028.The fastest growth of the 11–50 KW power supply segment is primarily attributed to the increasing adoption of electric vehicles with high battery capacities and power requirements.

By Application Analysis

To know how our report can help streamline your business, Speak to Analyst

Commercial Charging Station is Expected to Register the Fastest Growth Due to its Increased Demand

Based on application, the wireless charging for electric vehicle market is segmented into commercial charging station and home charging unit. The commercial charging station segment is anticipated to register the highest CAGR of over 44.4% due to the growing need to develop electric vehicle charging infrastructure at public places, high demand for commercial wireless electric vehicle charging systems across China, and high proliferation of commercial wireless electric vehicle charging systems in Europe. Further, the fastest growth of this segment is mainly attributed to the presence of large commercial garage parking spaces and densely populated urban areas.

By Vehicle Type Analysis

Passenger Car Segment is Expected to Hold the Largest Market Share Due to Increased Demand and Sales

Based on vehicle type, the market is segmented into commercial vehicles and passenger cars. In 2020, the passenger cars segment held the highest share in the global market. The growth of the passenger cars segment can be attributed to increasing sale of passenger cars across the globe that is directly contributing to the market growth. Further, the commercial vehicles segment is estimated to be the highest growing market from 2021 to 2028.


Europe Electric Vehicle Wireless Charging Market Size, 2020 (USD million)

To get more information on the regional analysis of this market, Request a Free sample

Europe dominated the market in 2020 and accounted for a revenue share of more than 41%. The availability of sound infrastructure allows the integration of wireless charging infrastructure throughout the region. Further, the European government initiatives for testing the feasibility of Electric Vehicle Wireless Charging and growth in EV sales are expected to drive the market growth in Europe. Moreover, the presence of major companies, such as HELLA KGaAHueck& Co., Continental AG, and Robert Bosch GmbH, is projected to accelerate the market growth in the region.

Asia Pacific is projected to emerge as one of the most profitable regions in revenue in the coming years from 2021 to 2028. This upsurge is attributed to the adoption of high-end technology products by electric vehicle manufacturers and government initiatives to encourage charging infrastructures. Furthermore, innovation in driving technologies, increasing adoption of EVs, and rising automobile production are expected to surge the product demand in North America.


The major players in the market include HELLA GmbH & Co. KGaA, ZTE Corporation, WiTricity Corporation, Continental AG, and Robert Bosch GmbH. These players continuously focus on partnerships, acquisitions, new product development and launches, and expansion strategies to strengthen their market position. Further, Tesla is one of the leading players in this market. The company offers pure electric automotive equipped with advanced technology, including ADAS, telematics, connectivity to the internet & cloud, and others. With its expanding presence in the emerging markets, growing popularity, and technological advancement, Tesla is anticipated to continue its dominance over the forecast period.


  • WiTricity Corporation (U.S.)

  • HELLA GmbH & Co. KGaA (Germany)

  • ZTE Corporation (China)

  • Continental AG (Germany)

  • Robert Bosch GmbH (Germany)

  • Tesla (U.S.)

  • Momentum Dynamics Corporation (U.S.)

  • Toyota Motor Corporation (Japan)

  • Toshiba Corporation (Japan)

  • TGOOD Global Ltd. (Hong Kong)


  • January 2021 – Alibaba Partners with SAIC to Unveil Electric Car with Wireless Charging Alibaba Group Holding, a China-based e-commerce group, launched an electric car with wireless charging under the joint venture brand IM ‘intelligence in motion’ formed with SAIC Motor Corporation Ltd.

  • February 2021 – IPT Group takes over PRIMOVE E-mobility Wireless Charging Technology Portfolio IPT Group acquired PRIMOVE to the scale-up its product portfolio in wireless power transfer for electric mobility. This acquisition helps to accelerate IPT’s offering of a complete product portfolio to serve several markets.


An Infographic Representation of Wireless charging for EV Market

To get information on various segments, share your queries with us

The report provides a detailed market forecast analysis of the market and focuses on key aspects such as leading companies, applications, and vehicle types. The report covers market statistics from 2017 to 2028. Further, the market report offers insights into the market trends and highlights key industry developments. In addition to the factors above, the report encompasses several factors that have contributed to the growth of the market in recent years.

Report Scope & Segmentation



Study Period


Base Year


Estimated Year


Forecast Period


Historical Period



Value (USD Million)


By Power Supply

  • 3–<11 Kw

  • 11–50 Kw

  • >50 Kw

By Application

  • Commercial Charging Station

  • Home Charging Unit

By Vehicle Type

  • Passenger Cars

  • Commercial Vehicles

By Geography

  • North America (By Power Supply, By Application, By Vehicle Type)

    • U.S. (By Vehicle Type )

    • Canada (By Vehicle Type )

    • Mexico (By Vehicle Type )

  • Europe (By Power Supply, By Application, By Vehicle Type)

    • U.K. (By Vehicle Type )

    • Germany (By Vehicle Type )

    • France (By Vehicle Type )

    • Rest of Europe (By Vehicle Type )

  • Asia Pacific (By Power Supply, By Application, By Vehicle Type)

    • China (By Vehicle Type )

    • India (By Vehicle Type )

    • Japan (By Vehicle Type )

    • South Korea (By Vehicle Type )

    • Rest of Asia Pacific (By Vehicle Type )

  • Rest of the World (By Power Supply, By Application, By Vehicle Type)

Frequently Asked Questions

Fortune Business Insights says that the global electric vehicle charging market size was USD 16.5 million in 2020 and is projected to reach USD 221.0 million by 2028.

In 2020, the Europe electric vehicle charging market value stood at USD 6.91 million.

The Wireless Electric Vehicle (EV) Charging market is projected to grow at a CAGR of 42.4% and will exhibit steady growth in the forecast period (2021-2028).

The passenger cars segment market is expected to be the leading segment in this market during the forecast period.

Increasing electrification of vehicles, increasing focus on R&D activities, and rapid technological changes to propel the Wireless Electric Vehicle (EV) Charging market growth.

Europe dominated the Wireless Electric Vehicle (EV) Charging market share in 2020.

Seeking Comprehensive Intelligence on Different Markets?
Get in Touch with Our Experts

Speak to an Expert
  • 2017-2028
  • 2020
  • 2017-2019
  • 200

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Automotive & Transportation Clients


Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.