A new Report by Delvens, titled "EV Charger Market” offers a comprehensive analysis of the industry, which comprises insights on the Global analysis. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global EV Charger Market size of 25.15 billion USD in 2022 is projected to reach a CAGR of 30.6% from 2023-2030.
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Electric vehicle (EV) chargers are utilized to supply charging to EVs equipped with batteries and the electrical source that aids in battery charging. These vehicles can be charged at one of three charging levels, namely level 1, level 2, and level 3. Electric vehicles are less expensive than traditional petrol/diesel cars in terms of purchase price as well as maintenance costs. The harmful gas-containing carbon footprints that are discharged into the atmosphere are decreased by electric automobiles.
Government restrictions to reduce environmental pollution, a rise in the market share of electric vehicles, and a surge in government initiatives to provide infrastructure for electric vehicle charging are some of the key factors influencing the growth of the electric vehicle charger market.
Regional Analysis
Asia Pacific to Dominate the Market
In 2021, the market for EV chargers was dominated by Asia Pacific. The market for EV chargers in the Asia Pacific region is primarily driven by the expansion of EV charging infrastructure and rising interest in electric vehicles.
The EV charger market is expanding thanks to China and India. To encourage the use of electric vehicles in the nation, growing economies like China, South Korea, and Japan intend to increase the number of charging stations.
Competitive Landscape
· AeroVironment, Inc.
· ABB
· BP Chargemaster
· ChargePoint, Inc.
· ClipperCreek, Inc.
· Eaton Corp.
· General Electric Company
· Leviton Manufacturing Co., Inc.
· SemaConnect, Inc.
· Schneider Electric
· Siemens AG
· Tesla, Inc.
· Webasto SE
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Recent Developments
In November 2021, Tesla launched the new version of Den 2 wall connector that is compatible with all types of EVs available in the North American Region.
In October 2021, Terra 360, the world’s fastest EV charging station, was launched by ABB. It has the capacity to charge most EVs in less than 15 minutes and can deliver up to 100 km range in less than 3 minutes.
EV Charger Market is segmented into various segments such as vehicle type, charging type, end user, and region:
On the basis of Vehicle Type
· Plug-in Hybrid Vehicle (PHEV)
· Battery Electric Vehicle (BEV)
· Hybrid Electric Vehicle (HEV)
On the basis of the End User
· Residential
· Commercial
On the basis of the Charging Type
· On-board Charger
· Off-board Charger
On the basis of the distribution channel
· Supermarkets & Hypermarkets
· Convenience Stores
· Pharmacy & drugstore
· Online
· Others
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In addition to the market data for EV Charger Market, Delvens offers a client-centric report and customized according to the company’s specific demand and requirement.
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