Global Electric Vehicle Charger Market Outlook, Opportunities And Strategies
Learn about the global electric vehicle charger market through The Business Research Company, which provides information on electric vehicle charger market size, electric vehicle charger market drivers and restraints, electric vehicle charger market players, the COVID-19 impact on the electric vehicle charger market, and more.
The global electric vehicle charger market is expected to grow from $3.23 billion in 2020 to $3.94 billion in 2021 at a compound annual growth rate (CAGR) of 21.8%. The growth of the electric vehicle charger market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The electric vehicle charger market is expected to reach $10.91 billion in 2025 at a CAGR of 29%.
The increasing stringent regulations by the governments to limit environmental pollution are contributing to the growth of the electric vehicle charger market.
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The electric vehicle charger market consists of sales of electric vehicle chargers that deliver energy to the vehicle battery system per unit of time. The electric vehicle charger is a part of electric vehicle supply equipment that provides electrical power to plug-in electric automobiles. Electric vehicle charging is divided into four stages, with Level 4 being the fastest.
Global electric vehicle charger market segments include:
By Vehicle Type: Battery Electric Vehicle (BEV), Plug-in Hybrid Electric Vehicle (PHEV), Hybrid Electric Vehicle (HEV)
By Charging Type: On-Board Chargers, Off-Board Chargers
By End-User: Residential, Commercial
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the electric vehicle charger market in 2020.
The growing technological advancements are shaping the electric vehicle charger market. Major companies operating in the electric vehicle charger sector are focused on developing technological solutions for electric vehicle chargers to reduce carbon emissions and meet customer demand.
TBRC’s EV charger market report covers:
Major Market Players: ABB Ltd., AeroVironment Inc., ChargePoint Inc., BP Chargemaster, Evatran Group Inc., Leviton, Webasto SE, Eaton, Schneider Electric, Siemens, Electricite de France SA, POD Point, Schaffner Holdings AG, IES Synergy, and Efacec.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
The Electric Vehicle Charger Global Market Report 2021: COVID-19 Growth And Change to 2030 is one of a series of new reports from The Business Research Company that provides electric vehicle charger market overviews, analyzes and forecasts market size, share, electric vehicle charger market players, electric vehicle charger market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s electric vehicle charger market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Here is a list of similar reports from The Business Research Company:
Electric Bikes And Scooters Global Market Report 2020
Electric Car Charger Global Market Report 2021
Electric Cars Global Market Report 2021
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