Wireless Car Charging Market Size

Electric Vehicle Wireless Charging Market size was valued at USD 82.14 million in 2023 and is projected to reach USD 12.62 billion by the end of 2036, expanding at around 47.3% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of EV wireless charging is assessed at USD 113.22 million.

The growth of the market can be attributed to factors such as the increasing sales of electric vehicles, growing investments in the development of wireless electric vehicle charging technology, stringent rules regarding fuel emissions and the rising demand for wireless charging stations. It is evaluated that more than 2 million electric cars were sold worldwide in 2019. Moreover, high emphasis on building charging stations in commercial buildings and shopping centers in the recent years along with escalating interest of leading car manufacturers to invest more in wireless car alternatives are anticipated to provide abundant growth opportunities to the market in the coming years.