Global Electric Vehicle Battery Charger Market Size, Information by Electric Vehicle Type (Battery Electric Vehicle and Plug-In Hybrid Electric Vehicle), Level of Charging (Level 1, Level 2 and Level 3), Application (Private and Public) and by Region (North America, Europe, Asia-Pacific and the Rest of the World) – Forecast till 2025
Electric Vehicle Battery Charger Market Highlights
Market Research Future (MRFR), reveals that the electric vehicle battery market is expected to thrive at a high CAGR across the forecast period. The global electric vehicle battery charger market is expected to witness 14.3% CAGR during the forecast period, 2019–2025. The growing demand for electric cars due to rise in environmental concern is expected to boost the sales of electric vehicle battery charger. This, in turn, is expected to propel the growth of the worldwide Electric Vehicle Battery Charger Market Size. THE growing awareness about the impact of gasoline released by fuel-powered automobiles is triggering the adoption of electric vehicle. It is boosting the need for electric vehicle battery charger that is expected to bolster the market expansion. The increase in government initiatives to replace fuel powered automobiles with electric vehicles and stringency in the vehicular emission norms are expected to promote the global Electric Vehicle Battery Charger Market Size growth. On the contrary, lack of electric vehicle battery charger standardization and unavailability of proper equipment can hinder the expansion of the global Electric Vehicle Battery Charger Market Size.
MRFR listed major players of the global Electric Vehicle (ev) Charger Market. They are;
Baccus Global LLC (US)
Lear Corporation (US)
CTEK Holding AB (Sweden)
Clore Automotive LLC (US)
Delphi Automotive LLP (Ireland)
Current Ways Inc. (US)
Robert Bosch GmbH (Germany)
Meta Systems S.P.A (Italy)
IES Synergy (France)
Ficosa Internacional SA (Spain)
LG Electronics (South Korea)
Schumacher Electric Corporation (US), and others.
Key player undergoing mergers and collaborating to expand their product portfolio that are likely to favor the global market of electric vehicle battery charger.
Electric Vehicle Battery Charger Market – Segmental Outline
The global electric vehicle battery charger market size is assessed by level of charging, electric vehicle type, and application. By electric vehicle type, the market is segmented into plug-in hybrid electric vehicle and battery electric vehicle. By level of charging, the market is sectioned into level 1, level 2, and level 3. By application, the market is split into private and public.
The Electric Vehicle Battery Charger Market Size in Asia Pacific is expected to lead in the global market in the review period. The regional market expansion can be attributed to the initiatives taken by governments across countries such as India, China, Japan, Singapore, and other APAC regions, to curb vehicular emission is expected to spur the regional Electric Vehicle Battery Charger Market Size growth. In addition, mergers and collaborations between vehicle OEMs and manufacturers, along with integration of modern technologies can spur the expansion of the APAC market growth. Furthermore, the rise in the sales volume of electric vehicles and their production are expected to spur the regional market growth. In North America, the presence of tech giants and increase in the production of smart electric vehicle battery charger are likely to contribute to the growth of the regional market. The US is expected to lead in the Electric Vehicle Battery Charger Market Size. In Europe, the market is expected to exhibit a high CAGR during the evaluation period due to rise in demand for electric vehicle in the region.
Table Of Contents
- Executive Summary
- Scope Of The Report
2.1. Market Definition
2.2. Scope Of The Study
2.2.2. Research Objective
2.3. Research Process
2.3.1. Primary Research
2.3.2. Secondary Research
2.4. Market Size Estimation
2.5. Forecast Model
- Market Landscape
3.1. Porter’s Five Forces Analysis
3.1.1. Threat Of New Entrants
3.1.2. Bargaining Power Of Buyers
3.1.3. Threat Of Substitutes
3.1.4. Segment Rivalry
3.1.5. Bargaining Power Of Buyers
3.2. Value Chain/Supply Chain Analysis
- Market Dynamics
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Technology Trends
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