Electric Vehicle Wireless Charging Industry - Regional Synopsis
On the basis of regional analysis, the electric vehicle wireless charging market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa. Europe industry is set to hold largest revenue share by 2037, led by strong presence of leading companies, and a well-developed infrastructure. In addition to these, Europe has witnessed a surge in electric vehicle purchase since the last five years, which in turn is expected to create new avenues for the innovations in wireless charging technologies in this region. Approximately 1.5 million electric vehicles were registered in Europe in 2020, growing at a rate of about 135% more than in the previous year. High levels of income in countries, namely France, United Kingdom and Germany, is also a crucial factor predicted to provide lucrative growth opportunities to the market in the near future.
