Global Electric Vehicle Chargers Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2026

MarketResearch.biz delivers in-depth insights on the global electric vehicle chargers market in its upcoming report titled, “Global Electric Vehicle Chargers Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2026”. The global electric vehicle chargers market is estimated to register a CAGR of X.X% in terms of value during forecast period 2017–2026. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2026. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global electric vehicle chargers market report has been segmented on the basis of vehicle type, charging type, end user, and region.

Electric vehicles (EVs) use electric motors powered by electrical energy stored in a battery for propulsion. Electric vehicle chargers are deployed at various charging stations. Recharging EVs is accomplished through connections with electric vehicle charging equipment, also referred to as Electric Vehicle Supply Equipment (EVSE). This is a protective system which communicates with the vehicle and monitors electrical activity to ensure safe charging.

Increasing penetration of electric vehicles is a major factor driving growth of the global electric vehicle chargers market. In addition, rapidly improving battery technology and electric grid automation is improving performance of vehicle and helps in lightweight vehicle construction, resulting in increasing adoption of electric vehicles in developed and developing countries is expected to create high demand for electric vehicle chargers. Moreover, rising disposable income and increasing government expenditure on infrastructure development of electric charging are other factors further expected to support growth of the global electric vehicle chargers market.

However, limited charging stations is a major factor restraining growth of the global electric vehicle chargers market. In addition, lack of standardization required for electric charging is another factor expected to challenge growth of the global electric vehicle chargers market to certain extent.

Technological advancements and increasing R&D activities by major players is expected to present new opportunities in terms of revenue to players operating in the global electric vehicle chargers market over the forecast period.

Asia Pacific market is expected to dominate in the global electric vehicle chargers market with higher revenue share as compared to that of the other regional markets, and is estimated to continue its dominance over the forecast period. This can be attributed to government regulations related to air pollution, and presence of prominent players operating in countries in this region. North America and Europe markets are estimated to account for significant revenue shares in the global electric vehicle charging market, followed by markets in Latin America and Middle East & Africa respectively. The market in North America is projected to register fastest growth in terms of revenue, owing increasing adoption of electric vehicles and increasing government expenditure for infrastructural development of electric charging in economies in this region.

Global Electric Vehicle Charger Market Segmentation:

By Vehicle Type:

• Battery Electric Vehicles (BEV)
• Plug-in Electric Vehicles (PHEV)
• Hybrid Electric Vehicles (HEV)

By Charging Type:

• On-Board Chargers
• Off-Board Chargers

By End User:

• Residential
• Commercial

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa