Global Electric Vehicle Charger Market 2024-2028
The electric vehicle charger market is forecasted to grow by USD 42.39 bn during 2023-2028, accelerating at a CAGR of 33.99% during the forecast period. The report on the electric vehicle charger market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by government incentives and subsidies for EV charger infrastructure developments, increasing EV sales through tax incentives, and stringent emission regulations.
Technavio's electric vehicle charger market is segmented as below:
By End-user
By Type
- Fast charger
- Slow charger
By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the open and closed platform approaches by EV charger solution providers as one of the prime reasons driving the electric vehicle charger market growth during the next few years. Also, increasing use of renewable energy for powering EV charging stations and ultracapacitors in EV energy storage systems will lead to sizable demand in the market.
The report on the electric vehicle charger market covers the following areas:
- Electric vehicle charger market sizing
- Electric vehicle charger market forecast
- Electric vehicle charger market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading electric vehicle charger market vendors that include ABB Ltd., Blink Charging Co., BorgWarner Inc., Chargemaster NZ, ChargePoint Holdings Inc., EDF Energy Holdings Ltd, ENGIE SA, EV Safe Charge Inc., FLO Services USA Inc., GreenPower Motor Co. Inc., Hyundai Motor Co., Leviton Manufacturing Co. Inc., Robert Bosch GmbH, Schaffner Group, Schneider Electric SE, Siemens AG, Tesla Inc., VOLTERIO GmbH, WiTricity Corp., and Zhejiang Benyi Electrical Co. Ltd.. Also, the electric vehicle charger market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.