The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The increasing demand for electric vehicles owing to growing environmental awareness are expected to drive innovation in electric car charger manufacturing, thus driving the market during the forecast period.

The global electric car charger market is expected to grow from $4.03 billion in 2022 to $5.54 billion in 2023 at a compound annual growth rate (CAGR) of 37.6%. The electric car charger market size is expected to grow to $18.49 billion in 2027 at a CAGR of 35.2%.

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Global Electric Car Charger Market Segments Include:

• By Type:Slow AC, Fast AC, Fast DC
• By Charging Type:On-board Charger, Off-board Charger
• By Application:Home, Office, 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 is the largest region in the global electric car charger market in 2021.

Major Market Players in the electric car charger market include Leviton Manufacturing Co. Inc., ABB Ltd., Siemens AG, Schneider Electric Corp, AeroVironment Inc., Eaton, Evatran LLC, Tesla Motors Inc., Delphi Automotive PLC.

The growing technological advancements are shaping the electric car charger market. Major companies operating in the electric car charger sector are focusing on developing technologically advanced solutions for electric car chargers. For instance, in February 2020, the Bengaluru-based start-up, Kirana Charzer, launched an electric vehicle charger that can be mounted in small stores and businesses to accelerate the expansion of the electric vehicle charging network in the region. Kirana Charzer can be operated by any user on the Charzer application to deliver public EV charging and generate income via their charging point.

The Electric Car Charger Global Market Report 2023  provides a electric car charger market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The electric car charger market forecast analyzes electric car charger market size, electric car charger market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The electric car charger refers to equipment that supplies power for an electric car. The charging point for electric vehicles is a device that links an electric vehicle (EV) to a source of electricity for electric cars, community electric vehicles, and plug-in hybrids.

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