The increasing adoption of plug-in electric vehicles (PEVs) is one of the biggest factors responsible for the surging demand for wireless electric vehicle (EV) charging stations across the world. For instance, in China, the sales of plug-in EVs were recorded to rise by almost 83% from 2017 to 2018. Moreover, the country observed 1.1 million sales of electric cars in 2018. Furthermore, 384,040 units of plug-in electric vehicles were sold in Europe in 2018, exhibiting an almost 33% rise in the sales of EVs from the previous year.

Driven by the above-mentioned factors, the sales of wireless electric vehicle charging stations will increase considerably over the coming years, which will in turn, increase the revenue of the global wireless electric vehicle charging market tremendously during the forecast period (2020—2030). Wireless electric vehicle charging is an innovative technology that is rapidly replacing the traditional method of EV charging. This type of charging removes the requirement of large battery capacities and allows the EV to operate like the conventionally used internal combustion engines (ICE)-based automobiles.

Request to Get the Sample Report@ https://www.psmarketresearch.com/market-analysis/wireless-ev-charging-market/report-sample/rds

Globally, the wireless EV charging market is expected to register the highest growth in the Asia-Pacific (APAC) region during the forecast period, on account of the fact that China is observing the highest growth in the world in the adoption of electric vehicles and therefore, recording rapid rise in the demand for wireless EV charging stations. For instance, Zhejiang VIE Science & Technology Co. Ltd., a company based in China, and Evatran Group Inc., an American company, entered into a joint venture in 2016 for incorporating the latter’s wireless EV charging device called Plugless into the electric vehicles in China.

Make Enquiry Before Buying the Report@ https://www.psmarketresearch.com/send-enquiry?enquiry-url=wireless-ev-charging-market

Hence, it is clear that the sales of wireless electric vehicle charging systems will skyrocket throughout the world in the upcoming years, mainly owing to the increasing adoption of electric vehicles all over the globe.