Japan electric vehicle charger market is anticipated to grow at a CAGR of over 17.0% during the forecast period, 2019-2025. The country is one of the major markets of electric vehicles across the globe. However, consecutive downfalls in electric vehicle sales have been registered in the country in 2019 and 2020. As per the International Energy Agency, the country has the second-largest infrastructure of electric vehicle charging globally after China. In 2016, the country has more charging points (around 40,000) as compared to petrol stations (35,000). For 2013-15, the government of Japan offered around $1.0 billion for developing charging infrastructure which declined to $63 million in 2016-19 as only a third part of 2013-15 was expended. However, government targets and subsidies are expected to provide significant growth to the market. The government aims to install a fast charger in every 15 km and in a radius of 30 km. Furthermore, a subsidy of up to $47,000 can be availed by the operator. In 2018, around 40% of the global CHAdeMO DC fast chargers were installed in the country mostly at dealerships, stores, and shopping malls.
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Japan electric vehicle charger market is segmented on the basis of ownership, charger type, and connector type. Based on ownership, the market is segmented into public and private. Moreover, by charger type, the market is bifurcated into slow chargers and fast chargers. By connector type, the market is analyzed into AC connectors and DC connectors. AC connector market is further divided into Type 1, Type 2 and other chargers, whereas the DC connector market is further divided into CHAdeMO, Combined Charging System (CCS), Type 2 (Tesla) chargers. During the forecast period, DC connectors are expected to show a significant growth rate. Some of the common chargers accepted in the country include SAE J1772 Type 1 slow charger and all IEC 62196-3 standards including CCS Combo 1, CHAdeMO.
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Japan Electric Vehicle Charger Market Segmentation
By Ownership
· Public
· Private
By Charger Type
· Slow Charger
· Fast Charger
By Connector
· AC Connectors
· Type 1
· Type 2
· Other (Domestic Socket)
DC Connectors
· CHAdeMO
· Combined Charging System (CCS)
· Type 2 (Tesla)
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
