The Electric Vehicle Wireless Charging Market value is projected to grow from $9million in 2019 to $1294million by 2023.

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The Electric Vehicle Wireless Charging Market
value is projected to grow from 9million
in2017to 1294million by 2023.
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North America is set to dominate the electric
vehicle wireless charging market with a value
share of 89 in 2016. In theAsia-Pacific, trials
are being conducted to test dynamic charging, a
wireless charger technology that can power the
battery of electric vehicles while moving.APAC is
estimated to grow prominently with aCAGR of
96.09 during 2018-2023, owing to the increasing
deployment of electric vehicles in countries such
as China, Korea, Japan and India.
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Selected Analysis Done in the Full Report
Wireless power transfer for electric vehicles are
gaining momentum when compared to wired power
charging, resulting inthe inconveniences caused
by the wired PEV that includes mechanical,
electrical hazards, and others, thus creating a
huge opportunity for the growth of the lucrative
market.Recently, wireless power charging of
electric vehicles is gaining huge momentum owing
to the rising demand for electric mass
transportation means like electric trains, buses,
utility vehicles, and many others.
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Excerpts on market growth factors

• New governmental incentives globally are
  projected to enhance EV adoption and technology
  development across all the parts of the globe.
• Future electric vehicles could recharge
  wirelessly while driving. While driving on the
  highway, drawing wireless power directly from
  plates installed in the road would make it
  possible to drive for miles without having to
  plug-in and this on-board battery wireless will
  drive the adoption rate.

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Key Players of the Electric vehicles Wireless
Charging Market

• Qualcomm Inc
• BMW AG
• Evatran Group
• Toyota Kirloskar Group
• Dailmer AG
• And 15 more

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