Wireless charging offers greatly improved convenience to the driver by doing away with cable clutter. Charging processes start automatically when an EV approaches at a certain distance, which will be particularly valuable for future autonomous vehicles. Wireless charging can also improve electric drive utilization of plug-in hybrid EVs (PHEVs). This improvement might cause OEMs to push the technology as it allows them to support improved accounting in vehicle emissions reduction regimes. Wireless charging in commercial fleet applications also reduces fleet maintenance costs and enables space savings.

Barriers to widespread market adoption include lack of specific global standards, remaining safety concerns, and high costs. Recommended protocols provide orientation but are not specific enough to ensure global multivendor interoperability. Therefore, all involved market players should prioritize further detailing the standards. Cost development will be a function of standard consolidation, OEM technology adoption, and transferable technology learnings produced in the wireless charging market for other applications such as consumer electronics.

This Guidehouse Insights report examines how the market for wireless charging equipment will likely develop until 2030 due to the improved convenience of EV charging, increased electric drive utilization for PHEVs, and reduced fleet maintenance costs. All available power levels are considered, with the market forecast segmented into power levels under and over 22 kW. The adoption rates of wireless charging equipment vary by power level, application, and region. The report focuses on forecast data and provides an overview of key industry players.