China electric vehicle charger market is anticipated to grow at a CAGR of over 26.0% during the forecast period, 2019-2025. The country is the largest market of electric vehicles and charging points across the globe. It was due to significant government incentives on the electric vehicles, however, a major decline in subsidies has been witnessed in July 2019 due to which a downfall in sales has been registered in the country. As per the China Association of Automobile Manufacturers (CAAM), the electric vehicles sales for 2019 was 1.21 million as compared to 1.26 million in 2018. However, stringent policies against IC engine vehicles, the commencement of production by Tesla in the country are some of the major factors which are making China the largest market of electric vehicles during the forecast period. Moreover, the government is aiming to create better infrastructure for the electric vehicles which majorly include charging infrastructure. Local government is also providing considerable incentives to people for developing private charging stations, thereby, supporting the market growth in the country.
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As the country is the largest market of electric vehicles, the country has the highest demand for electric chargers too. As per the International Energy Agency, the country has a plan to create 4.3 million electric vehicles charging point, and 500,000 publicly accessible chargers by 2020. As per Electric Vehicle Charging Infrastructure Promotion Alliance, the country has surpassed 1 million charging points in June 2019 with a growth of around 70% on a year-on-year basis. Out of this, around 412,000 are public whereas 590,000 were private charging points.
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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
Market Segmentation
China Electric Vehicle Charger Market by Ownership
- Public
- Private
China Electric Vehicle Charger Market by Charger Type
- Slow Charger
- Fast Charger
China Electric Vehicle Charger Market by Connector
- AC Connectors
- Type 1
- Type 2
- Other (Domestic Socket)
- DC Connectors
- CHAdeMO
- Combined Charging System (CCS)
- Type 2 (Tesla)
Company Profiles
- ABB Ltd.
- Chengdu Khons Technology Co., Ltd.
- Eaton Corp.
- Engie
- Qingdao TELD NEW ENERGY Co., Ltd. (TGOOD)
- Schneider Electric SE
- ShenZhen SETEC Power Co., Ltd.
- Siemens AG
- Tesla, Inc.
- Webasto SE
- XCharge, Inc.
- Zhejiang Young Energy Technology Co., Ltd
The Report Covers
- Comprehensive research methodology of China 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 China electric vehicle charger market.
- Insights about market determinants that are stimulating China 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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