Wireless EV Charging Market Insights: The Road to Sustainable Mobility

The Wireless EV Charging Market size was valued at USD 74.29 Million in 2024 and the total Wireless EV Charging revenue is expected to grow at a CAGR of 46.8% from 2025 to 2032, reaching nearly USD 1602.4 Million.
Wireless EV Charging Market Overview:

Wireless Electric Vehicle Charging (WEVC) is a sort of wireless charging technology for charging Electric Vehicles that is extremely efficient, convenient, and simple to use (EV). Near-field charging is used for EV wireless charging (NFC). It comprises of a transmission coil that generates a magnetic field that transfers energy to a nearby receiving coil via induction. The percentage of magnetic flux generated by the transmitter coil that penetrates the reception coil and contributes to power transfer is known to be a function of the distance between the two coils. Qualcomm is one of the leading firms in the development of viable wireless charging solutions.

The Medium Voltage Switchgear Market size was valued at USD 45.52 Billion in 2024 and the total Medium Voltage Switchgear revenue is expected to grow at a CAGR of 6.2% from 2025 to 2032, reaching nearly USD 73.66 Billion.
Medium Voltage Switchgear Market Overview:

Voltage changes between 3KV-36KV are handled by medium voltage switchgear. The switchgear is suitable for a wide range of tasks, including on or off switching, inductive current switching, short circuit interruption, capacitive current switching, and even specific applications. Metal enclosed indoor switchgear, switchgear without a metal enclosure, metal-enclosed outdoor switchgear, and other types of switchgear are often available. Switchgears are used to halt current flow in the event of improper current transfers. As a result, switchgear is built with the primary focus on dependability and safety. Fluctuations in currents might be expected depending on the system location, surrounding as well as system quality.