{"id":36341,"date":"2024-07-19T05:15:00","date_gmt":"2024-07-19T10:15:00","guid":{"rendered":"https:\/\/latamobility.com\/?p=36341"},"modified":"2024-07-18T18:14:09","modified_gmt":"2024-07-18T23:14:09","slug":"wireless-charging-market-to-surpass-2-billion-by-next-decade","status":"publish","type":"post","link":"https:\/\/latamobility.com\/en\/wireless-charging-market-to-surpass-2-billion-by-next-decade\/","title":{"rendered":"Wireless Charging Market to Surpass $2 Billion by Next Decade"},"content":{"rendered":"\n
The electric vehicle wireless<\/strong> charging market will reach $2.3 billion by 2034,<\/strong> according to a report published by Transparency Market Research, Inc.<\/em><\/p>\n\n\n\n
The report notes that the physical connections required for electric vehicles could be avoided with the use of wireless charging<\/strong>, which can improve the efficiency and ease of use of charging setups.<\/p>\n\n\n\n
The last recorded valuation of the industry was $125.8 million in 2023.<\/strong> This jump in market valuation is attributed to an overwhelming CAGR of 29.2% over the forecast period.<\/p>\n\n\n\n<\/figure>\n\n\n\n