Turkey Electric Vehicle Wireless Charger Market to be dominated by Commercial Charging Stations till 2027
Rapid advancements in the charging technologies and stringent
emission norms are expected to drive the demand for Turkey electric vehicle
wireless charger market in the forecast period, 2023-2027.
According
to TechSci Research report, “Turkey Electric Vehicle Wireless Charger Market By
Region, Competition Forecast & Opportunities, 2027”,
the Turkey electric vehicle wireless charger market is expected to witness
significant growth in the forecast period, 2023-2027. The increase in the
number of electric vehicle owners is accelerating the demand for public
charging facilities. With the growing production and sales of electric
vehicles, the demand for fast charging methods is accelerating at an increased
pace. By using the wireless charging method, electric
vehicles can be charged anywhere and
at any time, and electric vehicle owners need not worry about grid connection.
Electric vehicle batteries can be charged automatically. The surge in both
demand and supply factors and decrease in electric vehicle battery costs are
driving the sales of electric vehicles. The rise in focus of the government to
provide an alternate and sustainable mode of transportation in the country and
increase their share in the foreign markets is expected to bolster the growth
of Turkey electric vehicle wireless charger market in the coming years.
However,
the high cost associated with the development of wireless charging
infrastructure and the need to minimize
loss of efficiency during charging may restrain the Turkey electric vehicle
wireless charger market growth over the forecast period.
Browse over XX market data Figures spread through 70
Pages and an in-depth TOC on "Turkey Electric Vehicle
Wireless Charger Market"
Turkey
electric vehicle wireless charger market is segmented into vehicle type, installed location, power source, charging system,
regional distribution, and competitive landscape.
Based
on vehicle type, the market is divided into two-wheeler, passenger cars, and
commercial vehicles. The passenger car
segment is expected to hold the largest market share in the forecast period.
The shift in preference of consumers for private vehicle ownership and the
growing disposable income of middle-class families are making the consumers
invest in the purchase of passenger cars. Market players are launching electric
variants of passenger cars and introducing various automobile features to
capture the highest market share. The availability of electric vehicles in the
market is expected to drive the market demand in the coming years.
Based
on installed location, the market is bifurcated into commercial and
residential. The commercial segment dominates the market and is expected to
maintain its dominance over the next five years. Leading authorities are
installing charging stations in public places to provide convenience and
comfort to the passengers during the ride. Electric vehicles work on battery,
and it is crucial to charge them at regular intervals to continue the rise
smoothly.
Based
on the power source, the market is divided into 3≤11 KW, 11–50 KW, and>50
KW. The 3≤11 KW is expected to witness the fastest incremental growth in the
forecast period. They are majorly used for small and mid-sized electric
vehicles. Wireless charging equipment can be made small and portable and have
the ability to fit anywhere, which is the reason they can be used at home and
workplaces.
Major
market players operating in the Turkey electric vehicle wireless charger market
are:
- Witricity Corporation
- Momentum Dynamic Corporation
- Plugless Power Inc.
- EFACEC Power Solutions SGPS, S.A.
- HEVO Inc.
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“Industry and Technology have announced
plans to allocate 20 million Turkish Liras to offer support for 75 percent of
the charging station's investments. At present, there are 3,500 charging
stations across Turkey, and around 1,000 of them are for special use, while the
rest are for the public. They are encouraged to set up charging stations at
homes, office buildings, public car parks, intercity highways, and expressways
to enhance the convenience and provide flexibility to charge from anywhere. The
rise in awareness about the benefits of wireless charging methods and massive
support from the government is expected to propel the growth of the Turkey
electric vehicle wireless charger market till 2027” said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management
consulting firm.
“Turkey Electric Vehicle
Wireless Charger Market By Vehicle Type (Two-Wheeler, Passenger Car, Commercial
Vehicle), By Installed Location (Commercial, Residential), By Power Source
(3≤11 KW, 11–50 KW, >50 KW), By Charging System (Magnetic Power Transfer,
Capacitive Power Transfer, Inductive Power Transfer), By Region, Competition
Forecast & Opportunities, 2027”, has evaluated the future
growth potential of Turkey electric vehicle wireless charger market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Turkey electric vehicle wireless charger
market.
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