Growing Stringency on Vehicular Emission to Boost Electric Vehicle Charger Market Size

Summary

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 Charger Market Size 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 Size is expected to witness 14.3% CAGR during the forecast period, 2019–2025.

The electric vehicle battery charger is a device to transfer electricity from the electric grid and distribute electricity to charge electric vehicles, such as battery electric vehicle, plug‐in hybrid electric vehicles. The various types of vehicle battery chargers developed and manufactured by the electric vehicle battery charger industry to convert AC to DC and to control battery charging are segmented by the level of charging as level 1, level 2, and level 3.

Electric Vehicle Battery Charger Market Size - 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.

Key Players

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)

Tesla (US)

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.

 

Regional Analysis

The Electric Vehicle Charger Market 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 Charger Market 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 Charger Market. 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.

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