Electric Vehicle Charger Market By Vehicle Type (Battery Electric Vehicle (BEV), Plug-in Hybrid Electric Vehicle (PHEV), Hybrid Electric Vehicle (HEV)), By End User (Residential, Commercial), By Charging Type (On-board Chargers, Off-board Chargers): Global Opportunity Analysis and Industry Forecast, 2023-2032
Electric vehicle chargers are devices that provide the necessary electrical energy to recharge the battery of an electric vehicle. They supply electricity to the battery of an electric vehicle, restoring its energy levels and enabling the vehicle to travel longer distances. Chargers support different charging modes, including alternating current (AC) charging for home and public chargers, and direct current (DC) fast charging for rapid recharging. Chargers come with different connector types to ensure compatibility with different electric vehicle models, such as CCS, CHAdeMO, and Type 2 connectors.
On the basis of charging type, the global electric vehicle charger market is segmented into on-board chargers, and off-board chargers. On-board chargers include AC level 1 and AC level 2 charging systems. AC level 1 charging provides charging through a 120 V AC plug, while AC level 2 charging offers charging through 120V–240 V. Level 1 charging can drive electric vehicle 2–5 miles of range per hour of charging, whereas level 2 charging can drive up to 10–20 miles of range per 1 hour of charging. On-board chargers eliminate the requirement for external chargers, enabling users to directly charge their vehicles from standard electrical outlets or charging stations.
Electric vehicles equipped with onboard chargers can be charged at multiple locations, including homes, offices, and public charging stations, providing greater flexibility to vehicle owners, which drives the demand for onboard chargers. Moreover, manufacturers constantly develop onboard chargers with advanced flexibility. For instance, in May 2023, Delta-Q Technologies, a company specializing in the design and manufacturing of battery charging solutions for electric vehicles (EVs) announced the commencement of full production of its 3.3 kW battery charger. The XV3300 battery charger is a 3-in-1 onboard charging system. The charger combines three charging functions into a single onboard charging system.
Off-board chargers include AC level 1 and AC level 2 charging systems. AC level 1 charging provides charging through 120 V AC plug, while AC level 2 charging offers charging through 120V–240 V. Level 1 charging can drive electric vehicle 2–5 miles of range per hour of charging, whereas level 2 charging can drive up to 10–20 miles of range per 1 hour of charging. Off-board chargers convert AC to DC to provide fast charging to electric vehicles. An increase in demand for plug-in electric vehicles (PHEVs) is expected to boost the demand for these chargers. Offboard chargers possess the capability to accommodate multiple charging points, enabling concurrent charging for multiple vehicles. This scalability proves particularly advantageous for public charging infrastructure, as it optimizes the utilization of charging resources in an efficient manner.
The electric vehicle charger market is segmented on the basis of vehicle type, end user, charging type, and region. Based on vehicle type, it is segmented into battery electric vehicle (BEV), plug-in hybrid electric vehicle (PHEV), and hybrid electric vehicle (HEV). On the basis of end user, it is classified into residential, and commercial. By charging type, it is categorized into on-board chargers, and off-board chargers. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some major companies operating in the market include Chargemaster, Chroma ATE Inc, Delphi Technologies, Robert Bosch GmbH, AeroVironment, Inc., Schaffner Holding AG, Pod Point, ABB, Siemens, and ChargePoint, Inc.
Key Benefits For StakeholdersThis report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the electric vehicle charger market analysis from 2022 to 2032 to identify the prevailing electric vehicle charger market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the electric vehicle charger market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global electric vehicle charger market trends, key players, market segments, application areas, and market growth strategies.
Key Market SegmentsBy Vehicle TypeBattery Electric Vehicle (BEV)
Plug-in Hybrid Electric Vehicle (PHEV)
Hybrid Electric Vehicle (HEV)
By End UserResidential
Commercial
By Charging TypeOn-board Chargers
Off-board Chargers
By RegionNorth America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Netherlands
Norway
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
Delphi Technologies PLC
Chroma ATE Inc.
Siemens
AeroVironment, Inc.
ABB
ChargePoint, Inc.
Chargemaster
Pod Point
Robert Bosch GmbH.
Schaffner Holding AG.
Please Note: It will take 7-10 business days to complete the report upon order confirmation.