Germany electric vehicle charger market is projected to grow at a significant CAGR of more than 21.0% during the forecast period (2019-2025). Government support, major players’ initiatives, and high purchasing power are the key factors to propel the growth of the market. In 2019, around 63,000 electric cars were sold and in 2018, the sales stood at 36,000. Thus, the increasing electric car sales will demand the increasing availability of charging points which will drive the Germany electric vehicle charger industry.
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In response to the increasing demand for charging infrastructure, the country target to have 50,000 publicly charging stations by 2022. Apart from this, in June 2020, the government announced a $3.03 billion investment for the battery cell production and charging infrastructure. Besides, in January 2021, Shell has agreed to buy Ubitricity, a German car charger company by the end of the year to cut the carbon emission. The Ubitricity has more than 2,700 charge points across the UK and more than 1,500 charge points across Germany and France. Therefore, the public and private investment, and adoption of electric vehicles are accelerating the growth of the Germany electric vehicle charger market.
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Market Coverage
- Market number available for – 2018-2025
- Base year- 2018
- Forecast period- 2019-2025
- Segment Covered- By Ownership Type, By Charger Type, and By Connector Type
- Region Covered- Germany
- Competitive Landscape- ABB Ltd., Alfen N.V., ChargePoint, Inc., Engie, Leviton Manufacturing Co., Inc., Schneider Electric SE, Siemens AG, Tesla, Inc., TGOOD Global Ltd., Webasto SE, and others.
Key Questions Addressed by the Report
- What is the market growth rate?
- Which segment dominates the market in the base year?
- Which segment will project the fastest growth in the market?
- How COVID-19 impacted the market?
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Germany Electric Vehicle Charger Market Report Segment
By Ownership Type
- Public
- Private
By Charger Type
- Slow Charger
- Fast Charger
By Connector
- AC Connectors
- DC Connectors
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
