Global electric vehicle charger market is forecast to grow at a CAGR of over 20% during the forecast period, 2019-2025. As per the International Energy Agency, in 2018 the total electric vehicle stock reached 5.1 million with a sale of around 2 million electric vehicles in 2018. Around 5.4 million public chargers were installed in 2018 as compared to 4.3 million in 2017. The major factor for the growth of the market include increasing electric vehicle sales, cohesive government regulations for the growth of the electric vehicles, subsidies offered by the government on electric vehicles and charging infrastructure, fluctuating prices of fossil fuels and increasing carbon footprints due to IC engine-based vehicle. Several governments have set up a target to increase electric vehicles fleet up to a particular percentage in their respective country’s total fleet over the next decade in order to reduce carbon emission. This is augmenting the need to develop charging infrastructure and hence influencing the growth of the market. Comparatively lower traveling distance range and high prices as compared to IC engine vehicles are some of the major restraining factors for the market growth.
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Key regions are discussed in this Electric Vehicle Charger Market report such as Europe, Middle East, Africa, North America, Latin America and Asia Pacific. It works as the most effective tool which businesses can make use of for developing the way it understands consumers and augment the potential for gains and growth. It is necessary for businesses of all sizes and benefits them completely. It helps to grow business forward. In order to get several benefits from product portfolio enlargement, it is essential to know more about latest market developments its entire scenario. This Electric Vehicle Charger Market report also helps business owners in knowing market size of major regions as well as market advancements.
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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
Global Electric Vehicle Charger Market Report Segment
By Ownership
- Public
- Private
By Charger Type
- Slow Charger
- Fast Charger
By Connector Type
- AC Connector
- DC Connector
Global Electric Vehicle Charger Market Region Covered
North America
- US
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East and Africa
The Report Covers
- Comprehensive research methodology of the global 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 global electric vehicle charger market.
- Insights about market determinants which are stimulating the global 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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