Wireless EV Charging (WEVC) Market Size, Share, Growth, And Industry Analysis, By Type (3–Below 11 kW, 11–50 kW, and Above 50 kW), By Application (Battery Electric Vehicles (BEV) and Plug-in Hybrid Electric Vehicles (PHEV)), And Regional Forecast to 2031

Updated On: 15 April 2024

Wireless EV Charging (WEVC) Market Report Overview

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The global Wireless EV Charging (WEVC) Market size was USD 31 million in 2022. As per our research, the market is expected to reach USD 504.7 million by 2031, exhibiting a CAGR of 36.1% during the forecast period. 

The COVID-19 pandemic has been unprecedented and staggering, with the Wireless EV Charging (WEVC) Market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels.

To prepare fixed animal or human tissue for section cutting and to lay the proper histology wax on the microtome, follow the steps outlined in the Wireless EV Charging (WEVC) protocol. The Wireless EV Charging (WEVC) method involves emptying the water from the cells and replacing it with a freezing media in order to cut thin slices on a microtome. After proper restoration, tissue passes through three processes: infiltration, cleansing, and dehydration.

The increasing incidence of the disease has led to a rise in the need for cancer diagnostic screening. As a result, the number of diagnostic facilities for oncology and related diseases has significantly increased. The growing need for tissue samples by these institutions has led to an increase in the market for Wireless EV Charging (WEVC). In addition, the market has grown as a result of the growing application of histopathology in tissue sample analysis and various illness diagnosis. As a result, Wireless EV Charging (WEVC) market share and revenue structures have grown.

COVID-19 Impact: Imposed Lockdown Significantly Affected the Global Market

Global public health concern COVID-19 has impacted nearly every industry. Numerous end-use industries are anticipated to grow during the projection period as a result of its long-term consequences. The paradigm is broadened by this study to incorporate significant COVID-19 issues and possible future directions. This article provides an analysis of COVID-19, taking into consideration shifts in consumer demand and behavior, buying habits, supply chain rerouting, market dynamics, and notable government actions.

Latest Trends

"Hospitals to be a Great End-User for Market Expansion"

There is an increasing need for Wireless EV Charging (WEVC) because to technological advancements, more lab usage of these systems for productivity, and easier access to advanced WEVCs.

Wireless EV Charging (WEVC) Market Segmentation

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●                            By Type Analysis

According to type, the market can be segmented into 3–Below 11 kW, 11–50 kW, and Above 50 kW amongst which 3–Below 11 kW is the leading segment.

●                            By Application Analysis

Based on application, the market can be divided into Battery Electric Vehicles (BEV) and Plug-in Hybrid Electric Vehicles (PHEV) amongst which Battery Electric Vehicles (BEV) is the leading segment.

Driving Factors

"Increasing in the Use of Doppler to Create Demand for the Product"

With the surge in cancer cases worldwide, it is expected that the sector will grow faster. The population is ageing, lifestyle disorders are increasing in frequency, technology is advancing, and more government initiatives are being introduced to offer affordable, first-rate healthcare. Every one of these factors is expected to contribute to the Wireless EV Charging (WEVC) market growth.

"Machinery To Amplify The Market Growth"

The market for Wireless EV Charging (WEVC) goods and services had a brief downturn as a result of the outbreak. But as things got better and healthcare systems adjusted to the new normal, the industry started to grow once more. During the post-pandemic period, there was a persistent high demand for Wireless EV Charging (WEVC) because to the continuous need for accurate diagnosis and surveillance of numerous ailments, including cancer. The sharp rise in cancer incidence has led to a paradigm change in anatomic pathology. Because of this, clinical pathology is still expanding as a field today.

Restraining Factor

"High Installations Costs to Limit Market Growth"

The strict rules and restrictions pertaining to Wireless EV Charging (WEVC) would hinder the market's expansion. The rules need to be followed correctly because Wireless EV Charging (WEVC) is an expensive and time-consuming medical treatment. It is anticipated that this will impede the expansion of the Wireless EV Charging (WEVC) industry.

Wireless EV Charging (WEVC) Market Regional Insights

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"North America to Lead the Market Owing to a High Demand for Treatment Facilities"

North America dominated the Wireless EV Charging (WEVC) industry. The government has implemented several initiatives aimed at reducing the incidence of cancer and increasing the need for cancer diagnosis among the population. One of the Centres for Disease Control and Prevention's main initiatives, the Cancer Prevention and Control Research Network, focuses on cancer prevention in this area. To deliver individualized care, cutting-edge tests utilizing Wireless EV Charging (WEVC) must be developed. Wireless EV Charging (WEVC) is growing in popularity as a result of the expansion of personalized medicine, which is fueled by the growing use of sequencing technologies and healthcare IT systems in clinical workflow.

Key Industry Players

"Key Players Focus on Partnerships to Sustain in the Market"

Plastic sorters competitors make coalitions and collaborate to get a competitive advantage. By collaborating with other companies, they intend to capitalize on complementary strengths and broaden their market reach. Companies also invest in R&D to bring new and innovative products to market. Furthermore, major corporations are exploring mergers and acquisitions to broaden their product lines and strengthen their market position.

List of Market Players Profiled

• Robert Bosch GmbH (Germany)
• Continental AG (Germany)
• Toyota Motor Corporation (Japan)
• Toshiba Corporation (Japan)
• WiTricity Corporation (U.S.)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.