the market include growth in the electric vehicle market, government support, high awareness among people and the presence of major market players in the region. For instance, China aims to develop 4.3 million private chargers, 500,000 public chargers by 2020. The government of India, Japan, and South Korea are also providing significant subsidies to develop better quality charging infrastructure. Most of the major electric vehicle companies are working in the region which includes BMW, General Motors, Daimler, Honda Motor, Hyundai Motor, Kia Motors, Nissan Motor, Tata Motors, Toyota Motor, Volkswagen, BYD, Great Wall Motors, and so on. Tesla., Inc. has delivered its first car that is made in China, which is expected to provide new options to the electric vehicle consumers in China. Moreover, in Japan, in May 2014, Toyota, Nissan Honda, and Mitsubishi jointly established a new company named Nippon Charge Service, LLC, for the promotion of installation of chargers for electric vehicles in the country.
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Asia-Pacific electric vehicle charger market is segmented on the basis of ownership, charger type, and connector type. By ownership, the market is further bifurcated into public and private. Public chargers are forecast to grow at a considerable growth rate during the forecast period. By charger type, the market is bifurcated into slow chargers and fast chargers. Due to government and private funding, the fast charger market is estimated to grow at the highest growth rate in the region. By connector type, the market is further divided into AC connectors and DC connectors. AC connector market is further divided into Type 1, Type 2 and other segments, whereas the DC connector market is segmented into CHAdeMO, Combined Charging System (CCS), Type 2 (Tesla). DC connectors are expected to show a considerable growth rate during the forecast period.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Asia-Pacific Electric Vehicle Charger Market Report Segment
By Ownership
- Public
- Private
By Charger type
- Slow Charger
- Fast Charger
By Connector
- AC Connectors
o Type 1
o Type 2
o Other (Domestic Socket)
- DC Connectors
o CHAdeMO
o Combined Charging Systems
o Type 2 (Tesla)
Asia-Pacific Electric Vehicle Charger Market- Countries Covered
- China
- Japan
- India
- Rest of Asia-Pacific
The Report Covers
- Comprehensive research methodology of the Asia-Pacific electric vehicle charger market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the Asia-Pacific electric vehicle charger market.
- Insights about market determinants which are stimulating the Asia-Pacific electric vehicle charger market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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