Latin America Wireless EV Charging Market – Forecast (2020-2027)

[Jay Mangade]

Latin America Wireless EV Charging Market is expected to reach USD XX Billion by 2027 from USD XX Billion in 2019 at a CAGR of XX% (Detailed analysis of the market CAGR is provided in the report).

The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.

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The ability of electric cars to recharge while driving down a highway would virtually eliminate most of the concerns regarding range and lower the cost by making electricity the standard fuel for most vehicles. The ability to transfer electricity in this way will revolutionize the world of electric vehicle manufacturers. If the car gets charged while driving, then this would solve the problem related to range and potentially allow cars to travel unlimited distances without any major hurdle. The idea involves a coil in the bottom of a car where it would receive electricity from coils embedded in the road connected by underground electric current.

Wireless EV Charging market in Latin America is segmented into application, component, power supply range, charging type, vehicle type, and geography. On the basis of application, the market is separated into a home charging unit and public charging station. The public charging station here held the largest market share when compared with a home charging unit. It is the growth of electric vehicles together with the higher amount of subsidies from the government for boosting renewable ways of commuting have increased the overall market share of a public charging station.

By component, the market for wireless EV charging consists of base charging pad, power control unit, and vehicle charging pad. The power control unit is the largest segment that can be attributed to its high application across home stations as well as public charging stations for various charging purposes. Considering the power supply range segment, the market comprises of 3–<11 kW, 11–50 kW and >50 kW. The 3–<11 kW held the largest segment due to its high application in the home stations. The >50 kW type grew at the fastest rate for the wireless EV charging market. The battery electric vehicles and plug-in hybrid electric vehicles are included within the vehicle type segment for the market. The battery electric vehicles are the largest segment followed by plug-in hybrid electric vehicles.

Latin America has seen huge growth across a number of industry verticals owing to the availability of cheap labor and a rise in the number of off-shore foreign investments. The increase in government policies to curb pollution related hazards along with infrastructural development have been a few other key factors that have provided huge market opportunities for wireless EV charging market in Latin America.
Latin America Wireless EV Charging Market, Key Highlights:

• Latin America Wireless EV Charging market size analysis and forecast
• Comprehensive study and analysis of market drivers, restraints, and opportunities influencing the growth of the Latin America Wireless EV Charging market
• Latin America Wireless EV Charging Market segmentation on the basis of component, application, power supply range, charging type, vehicle type, and geography
• Latin America Wireless EV Charging Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of the study
• Latin America Wireless EV Charging Market analysis and forecast for major countries has been provided.
• Profiling of key industry players, their strategic perspective, market positioning and analysis of core competencies
• Competitive landscape of the key players operating in the Latin America Wireless EV Charging Market including competitive developments, investments, and strategic expansion.
Latin America Wireless EV Charging Market, Research Methodology:

The market is estimated by triangulation of data points obtained from various sources and feeding them into a simulation model created individually for each market. The data points are obtained from paid and unpaid sources along with paid primary interviews with key opinion leaders (KOLs) in the market. KOLs from both, demand and supply side were considered while conducting interviews to get the unbiased idea of the market. This exercise was done at the country level to get the fair idea of the market in countries considered for this study. Later this country-specific data was accumulated to come up with regional numbers and then arrive at the global market value for Latin America Wireless EV Charging Market.

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Some of the key players of the Latin America Wireless EV Charging market include:

• Plugless
• Qualcomm, Inc.
• Witricity Corporation
• FreeWire
• Giant Motors
• Elix
• Evatran
Latin America Wireless EV Charging Market Key Target Audience:

• Industry associations and experts
• The automobile industry and related end-user industries
• Electric vehicle manufacturers and component suppliers
• Wireless charging system manufacturers and component suppliers
• Electric vehicle hardware suppliers
• Automotive Parts Manufacturers' Association (APMA)
The Scope of the Latin America Wireless EV Charging Market: Inquire before buying

The research report segments Latin America Wireless EV Charging Market based on component, application, power supply range, charging type, vehicle type and geography.
Latin America Wireless EV Charging Market, By Application:

• Home Charging Unit
• Public Charging Station
Latin America Wireless EV Charging Market, By Component:

• Base Charging Pad (Transmitter)
• Power Control Unit
• Vehicle Charging Pad (Receiver)
Latin America Wireless EV Charging Market, By Power Supply Range:

• 3–<11 kW • 11–50 kW • >50 kW
Latin America Wireless EV Charging Market, By Charging Type:

• Stationary Wireless Charging System
• Dynamic Wireless Charging System
Latin America Wireless EV Charging Market, By Vehicle Type:

• Plug-in Hybrid Electric Vehicles (PHEV)
• Battery Electric Vehicles (BEV)
Latin America Wireless EV Charging Market, By Geography:

• Latin America
o Brazil
o Mexico
o Others
Latin America Wireless EV Charging Market, Geographic Analysis:

• Breakdown of Brazil Wireless EV Charging market
• Breakdown of Mexico Wireless EV Charging market
• Breakdown of Others Wireless EV Charging market
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