Wireless charging to unplug charging stations, finds IDTechEx

BOSTON, October 25, 2022 /PRNewswire/ —

Charging electric vehicles without cables

The development of wireless electric vehicle (EV) charging systems has slowly accelerated over the past decade. This charging solution is based on the principle of resonant inductive coupling to achieve wireless power transfer (WPT) from a base on the ground to a base mounted on the vehicle. Drivers simply align their vehicles with the floor mat for charging to begin automatically, eliminating the need to plug in. Wireless charging has the power to dramatically increase the convenience and accessibility of plug-in electric vehicle charging for drivers. In their brand new market report, “Electric Vehicle Wireless Charging Market 2023-2033: Technology, Players and Forecast“, IDTechEx finds that the market for wireless charging infrastructure for electric vehicles will reach more than US$6 billion by 2033. The report covers enabling technology, component breakdown, security measures (with an emphasis on standardization), and efficiency analysis of commercially deployed systems.

Several automakers are evaluating the technology and working with Tier 1 and technology vendors to integrate this technology. BMW was the first pioneer to roll out factory-installed wireless charging hardware before sales dwindled in volume. More recently, Hyundai, FAW and IM Motor have announced wireless charging compatible models. The market is also seeing investments from automakers such as Volvo, Jaguar and Renault and Tier 1 suppliers such as Siemens, Mahle and Magna. A number of companies are jostling to become the dominant player in wireless electric vehicle charging, including WiTricity, Hevo, Wave, IPT Technology, Momentum Dynamics and many more. In reality, each competitor’s systems are intended for different applications, and there is enough market potential for everyone in this emerging market. This latest IDTechEx report includes player profiles, technology benchmarking, and information on pilot deployments with OEM partners.

The (electric) road ahead

Wireless charging allows fleets to tailor their charging events to their existing workflows with opportunistic short charging sessions throughout the operational day, so vehicles can carry smaller batteries and stay in service longer. long time. Charging along a route also means that a fleet’s energy demand is distributed over time and space, reducing electricity consumption at the center of the fleet. The IDTechEx report takes an in-depth look at the commercial operation of these fleet vehicles and analyzes the potential for battery size reduction, TCO comparison with plug-in infrastructure, and wireless V2G possibilities.

Research from IDTechEx reveals that the private luxury passenger car segment will embrace wireless charging technology because of its added convenience. Next come utility vehicles such as taxis, vans and buses that can recharge opportunistically and stay in service longer. The emerging autonomous segment will also be very likely to use this technology in the future as it requires no human intervention, but early deployments will rely on conductive cable-based solutions. The latest IDTechEx report includes granular 10-year market forecasts broken down by vehicle segments, power level, components and applications, including infrastructure market value forecasts.

Wireless EV charging will play a key role in the development of the global EV charging infrastructure network, alongside AC level 1 and 2 charging and DC level 3 fast charging. complementary solution to support the growing population of zero-emission light-, medium- and heavy-duty vehicles. It offers huge opportunities for automotive OEMs, Tier 1 suppliers and fleet operators. However, at present, the price is much higher than cable solutions, with players betting on larger volumes to bring prices down significantly in the future. This requires wider market acceptance, which raises several key questions: would it be powerful and efficient enough to charge all types of vehicles? What additional components are needed? Where is the marketing? Is it safe to operate? Find the answers to these questions in the IDTechEx report.

To learn more about IDTechEx’s brand new report “Electric Vehicle Wireless Charging Market 2023-2033: Technology, Players and Forecast”, including sample downloadable pages, please visit www.IDTechEx.com/WirelessChargingEV.

This report is part of IDTechEx’s broader electric vehicle and energy storage research, which tracks electric vehicle adoption, battery trends and demand in mobility sectors. This is summarized in a main report: www.IDTechEx.com/EVor for a more in-depth analysis, please see the full EV research portfolio available from IDTechEx: www.IDTechEx.com/research/EV.

About IDTechEx

IDTechEx guides your strategic business decisions through its research, subscription and advisory products, helping you take advantage of emerging technologies. for more information contact [email protected] or visit www.IDTechEx.com.

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SOURCE IDTechEx

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