Market Summary

According to our latest research, the Global ISO 15118-8 Wireless Power Transfer market size was valued at $1.2 billion in 2024 and is projected to reach $7.6 billion by 2033, expanding at a robust CAGR of 22.5% during the forecast period of 2025–2033. The primary growth driver for this market is the surging adoption of electric vehicles (EVs) globally, which necessitates advanced, interoperable, and user-friendly charging solutions. ISO 15118-8 specifically addresses wireless power transfer (WPT) communication standards, enabling seamless, secure, and efficient charging experiences. This standard fosters interoperability between vehicles and charging infrastructure, paving the way for widespread deployment of wireless charging systems that support both passenger and commercial electric vehicles. The growing emphasis on convenience, safety, and automation in EV charging is further propelling the demand for ISO 15118-8 compliant wireless power transfer technologies across diverse regions and industry verticals.

Regionally, North America and Europe dominate the market, owing to supportive policies, advanced infrastructure, and a growing EV fleet. Asia-Pacific, however, is expected to register the highest growth rate due to rapid urbanization, increasing disposable incomes, and aggressive government incentives for EV adoption.

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Key Drivers Fueling Market Expansion

• EV Adoption: Increasing electric vehicle sales worldwide are directly boosting the demand for advanced wireless charging technologies compliant with ISO 15118-8 standards.

• Convenience and Safety: Wireless power transfer eliminates physical connectors, reducing wear and tear while ensuring user safety.

• Technological Advancements: Integration with smart grids and bidirectional energy transfer capabilities is encouraging large-scale adoption.

Despite its growth prospects, the market faces certain challenges. High initial costs for wireless charging infrastructure and compatibility concerns with older EV models may slow adoption. Additionally, standardization and regulatory variations across regions can present obstacles for market expansion.

Emerging Opportunities

• Integration with Smart Cities: WPT can be integrated into urban infrastructure, enabling seamless EV charging in parking lots, highways, and residential complexes.

• Fleet Electrification: Commercial fleets, including buses and logistics vehicles, are prime candidates for ISO 15118-8 wireless charging solutions, presenting significant revenue potential.

• Innovation in Materials and Efficiency: Ongoing research to enhance coil efficiency and reduce energy losses creates lucrative opportunities for technology providers.

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Market Dynamics and Trends

The ISO 15118-8 Wireless Power Transfer Market is characterized by rapid innovation, increasing standard adoption, and expanding infrastructure investments. The market value was estimated at USD 450 million in 2024 and is projected to reach USD 1.2 billion by 2030, registering a CAGR of 17.5% over the forecast period. Key dynamics include:

• Rising Urban EV Infrastructure: Governments are actively investing in smart grids and EV-friendly parking solutions.

• Consumer Preference Shift: Users are favoring contactless and automated charging experiences, making wireless solutions more attractive.

• Strategic Collaborations: Partnerships between technology providers and EV manufacturers are accelerating market growth globally.

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Regional Insights

• North America: The U.S. leads due to extensive EV adoption and government incentives. WPT infrastructure is rapidly expanding in metropolitan areas.

• Europe: Countries such as Germany, Norway, and the Netherlands have invested heavily in smart charging networks, promoting ISO 15118-8 adoption.

• Asia-Pacific: China, Japan, and South Korea are investing in WPT solutions to support EV expansion, while India shows emerging interest in pilot projects.

Market Segmentation

The market can be segmented based on application, power rating, and vehicle type:

• Application: Residential, Commercial, and Public Charging Stations.

• Power Rating: Low (up to 3.3 kW), Medium (3.3–22 kW), High (22–50 kW+).

• Vehicle Type: Passenger EVs, Commercial EVs, Buses, and Autonomous Vehicles.

Such segmentation helps stakeholders identify specific market niches and tailor their strategies accordingly.

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Competitive Landscape

The market is moderately fragmented with emerging players focusing on technological innovation, partnerships, and regional expansion. Companies are investing in:

• R&D for higher charging efficiency and interoperability.

• Smart features such as mobile apps, real-time monitoring, and grid communication.

• Licensing ISO 15118-8 compliant solutions to expand global reach.

Future Outlook

The ISO 15118-8 Wireless Power Transfer Market is set to witness continued expansion as EV adoption accelerates and infrastructure investments grow. Analysts predict:

• Increased adoption in urban and highway charging networks.

• Enhanced integration with renewable energy sources for sustainable charging.

• Development of ultra-fast wireless charging capable of handling high-capacity EV batteries.

Conclusion

The ISO 15118-8 Wireless Power Transfer Market represents a transformative shift in EV charging, combining convenience, safety, and efficiency. While initial infrastructure costs and regulatory challenges exist, the market’s growth trajectory remains strong due to technological innovations, government initiatives, and rising consumer demand for seamless EV experiences.

By leveraging opportunities in smart cities, fleet electrification, and material innovation, stakeholders can secure substantial market gains. The global push towards decarbonization and smart mobility ensures that ISO 15118-8 compliant wireless charging solutions will become integral to future transportation ecosystems.

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Competitive Landscape

• WiTricity Corporation
• Qualcomm Incorporated
• Siemens AG
• Robert Bosch GmbH
• Continental AG
• Toyota Motor Corporation
• Tesla Inc.
• Plugless Power (Evatran Group, Inc.)
• HEVO Inc.
• Bombardier Inc.
• ZTE Corporation
• DAIHEN Corporation
• Toshiba Corporation
• Energizer Holdings, Inc.
• Delphi Technologies (BorgWarner Inc.)
• Fujitsu Limited
• Hyundai Motor Company
• Renesas Electronics Corporation
• Electreon Wireless Ltd.
• Panasonic Corporation

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