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The Europe Wireless Charging for Electric Vehicle Market is Segmented by Vehicle Type (Battery Electric Vehicle and Plug-in Hybrid Vehicle), and Geography
The Europe wireless charging for electric vehicle market is anticipated to register a CAGR of about 28.69% during the forecast period, 2019-2024.
The European wireless charging for electric vehicle market has is segmented by vehicle type and geography.
|By Vehicle Type|
|Battery Electric Vehicle|
|Plug-in Hybrid Vehicle|
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In 2018, Electric Vehicle (EV) and Plug-in Hybrid Vehicle (PHEV) sale have set another record with a 22% increase compared to 2017. Approximately, 345,000 sales of plug-in vehicles, of which close to 190,000 fully electric cars and almost 155,000 plug-in hybrid cars.
The European passenger plug-in vehicle market witnessed ~37,000 registrations in April 2019, growing 30% compared to the same period of 2018. In April 2019, fully electric vehicles (BEV) jumped 70% year over year (YoY), to reach ~24,000 deliveries. The BEV share of the overall auto market was 1.8%. Adding plug-in hybrids (PHEVs) to the total, the share jumps to 2.8%, and that makes the 2019 plug-in vehicle (PEV) share 3.0% so far (2.0% for BEVs alone), above the 2.5% result of 2018.
The Nissan Leaf witnessed increased sales, setting a new annual sales record for an electric car in Europe, to reach ~39,000 sales. In 2018, Renault Zoe, improved its sales and recorded a total sales of 37,000 vehicles in Europe. The third position was held by Volkswagen e-Golf, up 66% to over 21,000 sales, which is 4,7% of total European sales for the Golf, up 2% points on 2017.
For 2019, it is anticipated that the demand for new plug-in hybrid models increase, as companies are re-launching their plug-in hybrid models. For instance, Volkswagen will relaunch the Golf GTE and Passat GTE with larger battery packs and Porsche will relaunch the Cayenne and Panamera e-Hybrid as well as a Bentley Bentayga with the same technology. BMW is likely to add the X3 to its PHEV product portfolio and Mercedes-Benz expected to update plug-in versions of the C-, E- and S-Class.
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In 2018, the most popular market for Electric Vehicle in Europe was the Norway, recorded 46.057 units of sales (+39%), followed by Germany at 34,543 sales (+40%), France at 30,939 sales (+24%), Netherlands at 24,284 sales (+202%), and the UK at 14,504 sales (+7%).
Norway's capital Oslo will become the first city in the world to install wireless charging systems for electric taxis, hoping to make recharging quick and efficient enough to speed the take-up of non-polluting cabs. From 2023 onward all taxis in Oslo will have to be zero emission and Norway wants all new cars to be zero emission by 2025.
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Some of the major players in the market are Plugless Power, WiTricity, Nissan, HEVO Power, Toyota, and Renault.
The market is consolidated, with the presence of few major players in the market.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Industry Attractiveness - Porter's Five Force Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Vehicle Type
5.1.1 Battery Electric Vehicle
5.1.2 Plug-in Hybrid Vehicle
188.8.131.52 United Kingdom
184.108.40.206 Rest of Europe
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.7 Hella Aglaia Mobile Vision
6.1.9 Tesla Motors
6.1.11 OLEV Technologies
6.1.12 HEVO Power
7. MARKET OPPORTUNITIES AND FUTURE TRENDS