The wireless charging for Electric Vehicle Charger Market is divided into residential charging units and commercial charging stations based on the application. Due to the increasing demand for commercial wireless electric vehicle charging systems across China, the high proliferation of commercial wireless electric vehicle charging systems in Europe, and the growing need to develop electric vehicle charging infrastructure at public locations, the commercial charging station segment is predicted to experience the highest CAGR of over 44.4%. Furthermore, the presence of sizable commercial garage parking spaces and highly populated urban regions is primarily responsible for this segment's quickest growth.
The Electric Vehicle Charger Market is divided into commercial vehicles and passenger cars based on the kind of vehicle. The passenger car market sector had the most market share in 2020. The increasing sales of passenger automobiles around the world, which are directly fueling market expansion, are to blame for the expansion of the passenger car segment. Furthermore, it is predicted that from 2021 to 2028, the market for commercial vehicles would experience the fastest growth.