New analysis from global industry analysts reveals steady growth in wireless car charging, with market expected to reach $2.8 billion worldwide by 2026


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Editing: 8; Published: January 2022
Executive Pool: 676
Companies: 46 – Players covered include Bombardier, Inc.; Denso Corporation; Evatran (power without plug); Hevo Power; Mojo Networks, Inc.; Momentum Dynamics Corp; Qualcomm, Inc.; TDK Company; Toshiba Corporation; Witricity Corporation; ZTE Corporation and others.
Cover: All major geographies and key segments
segments: Base station (static, dynamic); Technology (inductive charging, hybrid-inductive charging); Type (hybrid car, electric car)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; UK; and rest of Europe); Asia Pacific; Rest of the world.

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ABSTRACT-

Global wireless car charging market to reach $2.8 billion by 2026
Amid COVID-19 Crisis, Global Wireless Car Charging Market Estimated at US$374.7 millionis expected to reach a revised size of US$2.8 billion by 2026, growing at a CAGR of 39.2% over the analysis period. Hybrid car, one of the segments analyzed in the report, is expected to register a CAGR of 31% and reach US$1.1 billion at the end of the analysis period. After a thorough analysis of the business implications of the pandemic and the induced economic crisis, the growth of the electric car segment is readjusted to a revised CAGR of 44.2% for the next 7-year period.

The US market is estimated at $163 million in 2021, when China is expected to reach $476.2 million by 2026
The wireless car charging market in the United States is estimated at US$163 million in the year 2021. Chinathe second largest economy in the world, is expected to reach a projected market size of US$476.2 million by 2026 with a CAGR of 38.3% over the analysis period. Other notable geographic markets include Japan and Canada, each predicting growth of 35% and 34.1% respectively over the analysis period. In Europe, Germany is expected to grow at a CAGR of approximately 27.9%. After

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About Global Industry Analysts, Inc. and StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher, the only influencer-focused market research company in the world. Proudly serving over 42,000 clients in 36 countries, GIA has been recognized for its accurate forecasting of markets and industries for over 33 years.

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