Europe Wireless Charging Market Size (2024 - 2029)

The Europe Wireless Electric Vehicle Charging market is experiencing significant growth, driven by the increasing adoption of electric vehicles and supportive government policies. Despite the setbacks caused by the COVID-19 pandemic, which hindered market expansion due to reduced vehicle sales and infrastructure development, the wireless charging sector is poised for expansion. This technology, which enables vehicles to charge without physical connections, faces challenges such as enhancing power transfer range and efficiency. Advances in semiconductor technology are crucial for overcoming these obstacles, making wireless charging a promising solution for fast electric vehicle charging.

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Market Size of Europe Wireless Charging Industry

European Wireless Charging Market Size
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 37.00 %
Market Concentration High

Major Players

Europe Wireless Charging Market Major Players

*Disclaimer: Major Players sorted in no particular order

Europe Electric Vehicle Wireless Charging Market Analysis

Europe Wireless Charging for Electric Vehicle Market was valued at USD 1.06 billion in 2021, and it is expected to reach USD 17 billion by 2027, and is anticipated to register a CAGR of 37% during the forecast period (2022-2027).

The COVID-19 pandemic has negatively affected the EV charging market due to the lockdowns and travel restrictions imposed by the governments worldwide. This has further hindered the market growth by reducing the sales of both passenger and commercial electric vehicles. With low or almost no sales registered, the potential usage of charging networks has come down by almost 80%. The wireless charging industry for electric vehicles, which was already in a nascent stage, was badly affected by the pandemic. The development of infrastructure for the charging stations hindered by the lockdown further worsened the market conditions.

Over the long term, Wireless charging is an emerging technology, which allows a vehicle to charge without plugging into a charging station. A wireless charging system consists of a ground pad that lies beneath a parked vehicle and a receiving system embedded into the underside of the PEV that connects to the vehicle's power electronics and battery systems.

  • Wireless charging is one of the best solutions available for fast electric vehicle charging. However, there are major challenges in this technology, such as increasing the wireless power transfer (WPT) range with an acceptable efficiency level.
  • 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, may 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. Norway and France are positioned to take the leading roles in the electric vehicle industry, owing to the supporting government policies.

Europe Electric Vehicle Wireless Charging Industry Segmentation

Wireless electric vehicle charging stations (WEVCS) technology is charging an electric car without involving cables that are directly related to the vehicles system. Wireless charging is done without a connector.

The European wireless charging for electric vehicle market is segmented by vehicle type (battery electric vehicle and plug-in hybrid vehicle) and country market is segmented (Germany, United Kingdom, Italy, France, Spain, and Rest of Europe). 

The report offers market size and forecast in volume and value (USD billion) for the above-mentioned segments.

By Vehicle Type
Battery Electric Vehicle
Plug-in Hybrid Vehicle
By Country
Germany
United Kingdom
Italy
France
Spain
Rest of Europe
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Europe Wireless Charging Market Size Summary

The European wireless electric vehicle charging market is poised for significant growth, driven by the increasing adoption of electric vehicles and supportive government policies across the region. Despite the challenges posed by the COVID-19 pandemic, which temporarily hindered market expansion due to reduced vehicle sales and slowed infrastructure development, the market is expected to experience robust growth. Wireless charging technology, which allows vehicles to charge without physical connections, is gaining traction as a fast and convenient solution for electric vehicle charging. The advancement of semiconductor technologies and the optimization of resonators are key factors enhancing the efficiency and range of wireless power transfer systems, positioning them as a viable alternative to traditional charging methods.

The market landscape is becoming increasingly competitive with the emergence of new startups and significant investments in research and development by established companies. Major automakers have expanded their electric vehicle offerings, contributing to the surge in e-mobility across Europe. Countries like Norway and France are leading the charge, supported by favorable government policies and a growing preference for battery electric vehicles. The existing charging infrastructure, while extensive, is struggling to meet the rising demand, creating a substantial opportunity for wireless charging solutions to bridge the gap. Collaborative projects and technological advancements, such as dynamic wireless charging systems, are further propelling the market forward, indicating a promising future for wireless electric vehicle charging in Europe.

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Europe Wireless Charging Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

    2. 1.2 Market Restraints

    3. 1.3 Industry Attractiveness - Porter's Five Force Analysis

      1. 1.3.1 Threat of New Entrants

      2. 1.3.2 Bargaining Power of Buyers/Consumers

      3. 1.3.3 Bargaining Power of Suppliers

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Vehicle Type

      1. 2.1.1 Battery Electric Vehicle

      2. 2.1.2 Plug-in Hybrid Vehicle

    2. 2.2 By Country

      1. 2.2.1 Germany

      2. 2.2.2 United Kingdom

      3. 2.2.3 Italy

      4. 2.2.4 France

      5. 2.2.5 Spain

      6. 2.2.6 Rest of Europe

Europe Wireless Charging Market Size FAQs

The Europe Wireless Charging Market is projected to register a CAGR of greater than 37% during the forecast period (2024-2029)

Plugless, WiTricity, Nissan, Toyota and HEVO Power are the major companies operating in the Europe Wireless Charging Market.

Wireless EV Charging Market in Europe Report Snapshots

Europe Wireless Electric Vehicle Charging Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)