The report presents an in-depth assessment of the Europe Wireless Charging for Electric Vehicle Market including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Europe Wireless Charging for Electric Vehicle investments from 2021 till 2025.
Europe Wireless Charging for Electric Vehicle market is growing at a CAGR of 25% during the forecast period (2021-2025).
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The Europe Wireless Charging for Electric Vehicle market is highly competitive and consists of a number of major players. Top Companies like BMW, Plugless, Qualcomm, WiTricity, Nissan, Toyota, Hella Aglaia Mobile Vision, Daimler, Tesla Motors, Bombardier, OLEV Technologies, HEVO Power
Industry News And Developments:
– In 2019, A Ukrainian startup Meredotlaunches a wireless charger called MePower, which can be used to charge phones, laptops, drones, and even electric cars. It utilizes magnetic fields to charge objects and it has won a major grant from the European Commission.
Scope of the Report
– Design and optimization of resonators play a major role in improving the system’s performance in the extended range. The frequency limit of high power WPT system has been increasing rapidly with the advent of modern semiconductor technologies, such as wideband gap devices. Therefore, factors, such as cost-effective, high-power, and near MHz WPT, would be the next step of WPT for EV charging.
– Government policies played a huge role in promoting electric vehicles. The results can be witnessed in many European countries, where electric vehicles have occupied a significant portion of the total vehicle population.Norwayand Franceare positioned to take the leading role in electric vehicle industry, owing to the supporting government policies.
Key Market Trends
Increasing Sales of Electric Vehicles Driving the Wireless Charging Demand
In 2019, Electric Vehicle (EV) and Plug-in Hybrid Vehicle (PHEV) doesn’t perform as good as previous years sales. Approximately, 2.21 million units vehicles were sold, in 2019 in which 1.68 million are battery electric vehicles.
The European passenger plug-in vehicle market witnessed ~37,000 registrations in April 2019, growing 30% compared to the same period of 2018. In April 2019, fully electric vehicles (BEV) jumped 70% year over year (YoY), to reach ~24,000 deliveries. The BEV share of the overall auto market was 1.8%. Adding plug-in hybrids (PHEVs) to the total, the share jumps to 2.8%, and that makes the 2019 plug-in vehicle (PEV) share 3.0% so far (2.0% for BEVs alone), above the 2.5% result of 2018.
Norway Is Leading the Electric Vehicle Demand in the Region
In 2019, the most popular market for Electric Vehicle in Europe was Norway, recorded 80,000 units of sales (+9.6%), followed by Germany at 109,000 sales (+60.3%), France at 61,000 sales (+32.6%), the Netherlands at 67,000 sales (+148%), and the United Kingdom at 73,000 sales (+21.7%).
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What are the market factors that are explained in the report?
–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
–Analytical Tools: Europe Wireless Charging for Electric Vehicle Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.
The research includes historic data from 2015 to 2020 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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