DUBLIN--(BUSINESS WIRE)--The "Asia-Pacific Wireless Charging For Electric Vehicle Market - Growth, Trends And Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

The market for wireless charging of electric vehicles in Asia-Pacific was valued at nearly USD 0.1 million in 2017, and is expected to reach approximately USD 3.790 million by 2023, at a CAGR of about 83%.

Drivers

  • Stringent regulations mandating reduction of vehicular pollution
  • Advancements in research, development and enhancement of electric vehicles
  • Set up and scaling of manufacturing of electric vehicles across the world
  • Rising disposable income and demand for electric cars
  • Progressive laws in developed and developing regions
  • Lowering of costs involved in EV manufacture

Restraints

  • The high cost of electric cars, systems and associated components
  • the high price of an upgrade to wireless charging technology
  • The market still in development and technologies can be improved
  • Large low-income population
  • High level of income disparity, making market segmentation difficult
  • Lack of supportive infrastructure in some areas

Key Developments in Market

  • May 2016: SAE Developing Wireless Charging Standard for Electric Cars
  • May 2017: Qualcomm demonstrated the newly developed dynamic version of its Halo wireless-charging system

Companies Mentioned

  • BMW
  • Plugless
  • Qualcomm
  • WiTricity
  • Nissan
  • Toyota
  • Hella Aglaia Mobile Vision
  • Daimler
  • Tesla Motors
  • Bombardier
  • OLEV Technologies
  • HEVO Power

Key Topics Covered

1. Introduction

2. Research Methodology

3. Key Findings Of The Study

4. Executive Summary

5. Market Overview

6. Market Trends

7. Global Wireless Charging Market for Electric Vehicle by Region

8. Key Vendor Analysis

9. Future Outlook of the Market

For more information about this report visit https://www.researchandmarkets.com/research/52482b/wireless_charging?w=4

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Related Topics: Electric and Hybrid Vehicles