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The European Wireless Charging for Electric Vehicle market is segmented by Vehicle Type (Battery Electric Vehicle and Plug-in Hybrid Vehicle), by Application type (Residential and Commercial), and Country
The Europe wireless charging for electric vehicle market is anticipated to register a CAGR of more than 25% during the forecast period, 2020-2025.
The wireless charging for electric vehicle market cover the latest trends and technological developments and provide analysis on the market demand byvehicle type, country and market share of major wireless chargingmanufacturing companies across the European region.
|By Vehicle Type|
|Battery Electric Vehicle|
|Plug-in Hybrid Vehicle|
|By Application Type|
|Rest of Europe|
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In 2019, Electric Vehicle (EV) and Plug-in Hybrid Vehicle (PHEV) doesn’t perform as good as previous years sales. Approximately, 2.21 million units vehicles were sold, in 2019 in which 1.68 million are battery electric vehicles.
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, and reached a new cumulative sales milestone of 450,000in 2019 from its launch in 2010. For 2019, Renault Zoe, recorded a total sales of 47408 vehicles. The third position was held by Mitsubishi Outlander PHEV, up 6% to over 34,597 sales.
For 2020, it is anticipated that the demand for new battery electric and plug-in hybrid models increase, as companies have plans tolaunch their new models. For instance, Audi E-tron Sportback is set to join its sibling standard E-tronby mid 2020, Skoda’s first electric car isn’t expected to go on sale by 2021, but its production version should be launched in 2020. Ford much awaited Mustang Mach-Escheduled for the third quarter of 2020.
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In 2019, the most popular market for Electric Vehicle in Europe was Norway, recorded 80,000 units of sales (+9.6%), followed by Germany at 109,000 sales (+60.3%), France at 61,000 sales (+32.6%), the Netherlands at 67,000 sales (+148%), and the UK at 73,000 sales (+21.7%).
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.
Additionally, major European market players are investing hugely in electric vehicles, For instance, Volkswagen Group investing strongly in electric vehicles. The group plans to invest around EUR 60 billion on the development including areas of hybridization, electric mobility, and digitalization between 2020 and 2024.
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The European wireless charging for the electric vehicle market is consolidated but with the emergence of new startups such as Meredot, and HEVO Power making the market more competitive. As a result, companies are investing in R&D projects to provide the best wireless charging technology. For instance,
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
5.2 By Application Type
5.3 By Country
5.3.2 United Kingdom
5.3.6 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