Wireless EV Charging Market To Reach US$ 4,119.51 Million By 2034 Astute Analytica

(MENAFN- GlobeNewsWire - Nasdaq) The market is transitioning into a crucial growth phase, with standardized, high-efficiency systems now commercially available, driving adoption in both premium passenger cars and cost-sensitive commercial fleets seeking to optimize their operations.

Chicago, Sept. 23, 2025 (GLOBE NEWSWIRE) -- The global wireless EV charging market was valued at US$ 1,172.28 million in 2024 and is expected to reach 4,119.51 million by 2034, growing at a CAGR of 13.64% during the forecast period 2025–2034.

A torrent of innovation is currently defining the competitive dynamics of the sector. The sheer volume of intellectual property being generated is a key indicator of market vibrancy. For instance, Tesla signaled its serious intent by filing four new patents for a wireless charging mat in 2024. This move is part of a much larger global race. Chinese firms have established a formidable lead, registering an astounding 62,655 EV charging technology patents in recent years. This figure dramatically overshadows the patent activity from other innovation hubs, including Japan with 5,568 patents, the USA with 4,306, Germany with 3,973, and South Korea with 3,942 patents. The momentum shows no signs of slowing.

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The intellectual property boom continues with specialized players making significant strides in the Wireless EV charging market. InductEV recently bolstered its portfolio with three new patents, bringing its total to 18 granted patents, with another 23 currently pending. Similarly, Beam Global secured a new U.S. patent in 2024 for its unique wireless/inductive EV ARCTM technology. The innovation pipeline is well-funded, with the EV charging startup ecosystem raising over €470 million in the first half of 2025 alone. A clear focus on future needs is also apparent, as the SAE WPT task force is developing standards for high-power wireless charging targeting up to 500 kW for heavy-duty vehicles, expanding the future scope of the market.

Key Findings in Wireless EV Charging Market

Market Forecast (2034)	USUS$ 4,119.51 million
CAGR	13.64%
Largest Region (2024)	North America (48.19%)
By Technology Type	Magnetic Inductive Charging Technology (64.04%)
By Component Type	Power Transfer Equipment (59.75%)
By Application	Commercial Charging (38.34%)
By Vehicle Type	Passenger Cars (63.05%)
By End User	Fleet Operators (50.11%)
Top Drivers	Surging global sales of electric vehicles creates massive infrastructure demand. Demand for convenient, automated charging solutions from consumers and fleets. Strong government incentives and mandates for zero-emission vehicle adoption.
Top Trends	Development of dynamic wireless charging for powering vehicles in motion. Integration with autonomous vehicles for a completely hands-free charging experience. Increasing power transfer rates to compete with DC fast chargers.
Top Challenges	Higher initial system and installation costs compared to wired chargers. Achieving universal standardization and interoperability across all vehicle brands. Addressing consumer concerns about charging efficiency and potential energy loss.

Massive Venture Capital Influx Signals Unprecedented Confidence and Growth

Investor confidence in the wireless EV charging market is at an all-time high. Venture capital is flowing into the sector at an unprecedented rate. During the first five months of 2025, wireless charging startups secured US$ 20.4 million in equity funding across just two rounds. This represents a dramatic escalation from the US$ 1.23 million raised across four rounds in the same period of 2024. Looking at the broader ecosystem, which includes both wired and wireless solutions, startups have attracted over US$ 4.9 billion in equity funding. These funds have been distributed across 65 privately funded companies in 2023 and 2024, showcasing a robust and diverse investment landscape.

Over the past decade, the wireless charging sector has accumulated more than US$ 766 million in total funding. The peak occurred in 2022 with over US$ 147 million invested, and 2025 is already showing strong performance with US$ 32.4 million raised so far. A breakdown of funding stages reveals a healthy pipeline, with early-stage rounds amassing US$ 223 million and late-stage rounds reaching US$ 184 million. This sustained financial backing is crucial. It provides the necessary capital for research, development, and scaling operations, ensuring the long-term viability and expansion of the wireless EV charging market.

Governments Accelerate Adoption Through Substantial Public Infrastructure Investment

Public sector support is providing a powerful tailwind for the wireless EV charging market expansion. Governments worldwide are committing significant capital to build out the necessary infrastructure. In January 2025, the U.S. Department of Transportation announced a landmark US$ 635 million in grants. These funds are designated to deploy over 11,500 EV charging ports, including wireless solutions, across 27 states. The grants are strategically allocated, with US$ 368 million for 42 "community" projects and US$ 268 million for seven "corridor" fast-charging projects. This follows a previous award in August 2024, when the USDOT allocated US$ 521 million for over 9,200 charging ports across 29 states.

State and local initiatives are further amplifying these national efforts. The California Energy Commission launched the "Fast Charge California Project" in August 2025, a US$ 55 million incentive program with an application deadline of October 29, 2025. In Northern California, the Bay Area Air Quality Management District's Fiscal Year Ending 2025 Charge! Program is offering at least US$ 10 million in grants for new public charging stations. The city of Chicago has also set an ambitious goal to install 2,500 public passenger EV charging stations by 2035. These coordinated government actions are creating a fertile ground for the growth of the wireless EV charging market.

Residential Sector Adoption Is Booming Driven by Unmatched Home Convenience

The residential segment represents a cornerstone of the wireless EV charging market. The appeal of effortless home charging is a major driver for consumer adoption. In 2025, the costs for a professional installation are becoming increasingly accessible. A complete Level 2 residential wireless EV charger installation typically ranges from US$ 500 to US$ 2,500. The hardware itself generally costs between US$ 300 and US$ 1,200. Labor from a qualified electrician for a standard setup can range from US$ 100 to US$ 350, making it a manageable investment for many homeowners.

Of course, more complex jobs can incur additional costs. Installations requiring an electrical panel upgrade can add between US$ 500 and US$ 2,000 to the total price. Furthermore, necessary permitting and inspection fees can contribute another US$ 50 to US$ 500, depending on local regulations. Across the Atlantic, companies in the UK are offering installation packages starting from around £899. A 2024 survey confirms the strong consumer interest. It revealed that a significant number of prospective EV buyers are willing to pay a premium for factory-installed wireless charging, prioritizing convenience above all else.

Commercial and Fleet Operations Embrace Wireless Charging for Efficiency Gains

The commercial sector is rapidly recognizing the operational advantages of Wireless EV charging market. For fleet management, the technology offers enhanced efficiency and reduced downtime. A key pilot program was launched in 2024 by WiTricity and International Transportation Service. The six-month program at the Port of Long Beach is testing the technology on a fleet of Ford E-Transit vehicles. This real-world application is crucial for validating performance in demanding commercial environments. The trend is particularly strong in public transit. At least ten transit agencies across the United States are already deploying wireless charging for their electric bus fleets.

These deployments showcase impressive power capabilities in the Wireless EV charging market. Howard County, Maryland, is utilizing a 50 kW wireless charging system from Momentum Dynamics. The system features a transmitter embedded in the pavement and a receiver on the bus's underside. Momentum Dynamics has also developed a more powerful 200 kW wireless charging system specifically for the municipal transit market. Public investment continues to drive fleet electrification. In 2025, the city of Annapolis, Maryland, invested approximately US$ 1.53 million for two new battery-electric buses and a DC fast charging system. A project supported by grants from three sources: the Maryland Department of Transportation, the Federal Transit Administration, and Anne Arundel County.

Leading Automotive OEMs Integrate Wireless Charging as a Premium Feature

Automakers are strategically integrating wireless charging into upcoming models, positioning it as a high-value, convenience-oriented feature. Porsche is set to be a trailblazer in the luxury segment of the Wireless EV charging market. The company announced that its 2026 Cayenne EV will be the first battery EV to offer the technology, providing a maximum charging power of 11 kW. The world premiere of the new Cayenne Electric is planned for the end of 2025, with sales of the wireless charging floor plate beginning in 2026 through Porsche Centres and online. This move is expected to set a new standard for premium EVs.

Other major brands are following suit, integrating wireless charging for personal devices, which familiarizes consumers with the technology. The 2025 Kia EV6 will feature a redesigned wireless smartphone charging pad, enhancing the cabin experience. Similarly, the highly anticipated 2025 Kia EV3 will come equipped with a wireless phone charger (Qi). Volkswagen is also including wireless charging for compatible devices in its 2025 ID.4 model. These integrations, while focused on smaller devices for now, are critical for normalizing the concept of wireless power transfer and paving the way for broader vehicle applications within the wireless EV charging market.

Technological Breakthroughs Push Wireless Charging Efficiency to Rival Wired Solutions

Concerns about efficiency losses, once a major barrier to adoption, are rapidly fading. Recent technological advancements have pushed the operational efficiency of wireless systems to be highly competitive with their wired counterparts. In 2025, commercially available wireless charging systems are achieving impressive operational efficiencies of up to 92%. This figure is nearly on par with the 90-95% efficiency range of traditional wired Level 2 chargers. The technology is not just catching up; it is proving to be a viable and powerful alternative.

Standardization is further solidifying these technological gains in the Wireless EV charging market. The recently published SAE J2954 standard is a landmark achievement for the industry. It specifies wireless power transfer at up to 11 kW with a certified efficiency of up to 93%. Leading developers like WiTricity already claim efficiencies of 93% or even higher for their systems. The standard also creates a clear roadmap for future innovation. It paves the way for higher power transfer rates, with a potential to reach up to 300 kW, which would enable ultra-fast wireless charging for a wide range of vehicles.

Urban Mobility and Public Transit Are Being Transformed by In-Road Innovations

The concept of charging while driving is transitioning from science fiction to reality, set to revolutionize urban mobility supporting the wireless EV charging market growth. Detroit is at the forefront of this transformation. A one-mile stretch of 14th Street in the city has been equipped with Electreon's inductive charging coils. The project makes it the nation's first public wireless-charging roadway. The initial pilot program became operational in 2023. It is a key part of a five-year agreement between the Michigan Department of Transportation (MDOT) and Electreon to develop a scalable in-road charging network.

The project is a collaborative effort involving several key partners, including Ford Motor Co. and DTE Energy. The vision extends beyond a single street. In 2024, MDOT will seek bids to install additional inductive charging on a section of US-12, also known as Michigan Avenue. This forward-thinking approach to integrating charging directly into the urban fabric represents a monumental step forward. It promises to eliminate range anxiety and make EV ownership more practical than ever before, dramatically expanding the potential of the wireless EV charging market.

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Standardization Paves the Way for Mass Market Interoperability and Growth

For any technology to achieve mass adoption, standardization is paramount. The Inductive Power Transfer (IPT) technology segment is seeing crucial progress in this area. The goal is to ensure complete interoperability between vehicles and chargers from different manufacturers. The publication of the SAE J2954 standard in 2024 was a watershed moment. It provides a unified specification for wireless power transfer up to 11 kW, giving automakers and infrastructure providers a common technical language. This standard is expected to be a major catalyst, accelerating adoption by boosting consumer confidence and simplifying development.

The Wireless EV charging market is already seeing a variety of power levels emerge to meet different needs. Systems with power levels ranging from 3.6 kW to 7.2 kW are offered by companies like Plugless Power for demonstration and research purposes. Market analysis indicates that the 11 kW to 50 kW power supply segment is expected to hold the largest market share in 2024. The development of a powerful 200 kW wireless charging system for the municipal transit market by Momentum Dynamics further highlights the technological sophistication and diversity within the rapidly evolving wireless EV charging market.

Global Wireless EV Charging Market Major Players:

• Witricity Corporation
• Qualcomm Incorporated
• Plugless Power
• HEVO Inc.
• Momentum Dynamics
• BMW AG
• AB Volvo
• Volkswagen AG
• Nissan Motor Corporation
• Tesla, Inc.
• ChargePoint Holdings, Inc.
• Hyundai Motor Company
• Ford Motor Company
• Schneider Electric
• ABB Ltd.
• Other Prominent Players

Key Market Segmentation:

By Technology

• Magnetic Inductive Charging
• Capacitive Coupling Charging
• Resonant Inductive Charging

By Component Type

• Power Transfer Equipment
• Control System
• Transmission and Reception Equipment

By Vehicle Type

• Passenger Vehicles
• Commercial Vehicles
• Two-Wheelers

By Application Type

• Residential Charging
• Commercial Charging
• Public Charging Stations

By End User

• Individual Consumers
• Fleet Operators
• Government Agencies

By Region

• North America
• Europe
• Asia Pacific
• Middle East & Africa (MEA)
• South America

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About Astute Analytica

Astute Analytica is a global market research and advisory firm providing data-driven insights across industries such as technology, healthcare, chemicals, semiconductors, FMCG, and more. We publish multiple reports daily, equipping businesses with the intelligence they need to navigate market trends, emerging opportunities, competitive landscapes, and technological advancements.

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