Global High Power Charger for Electric Vehicle Market 2023-2027
Technavio has been monitoring the high power charger for electric vehicle market and is forecast to grow by USD 40486.62 mn during 2022-2027, accelerating at a CAGR of 39.26% during the forecast period. Our report on the high power charger for electric vehicle 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 increasing EV sales spurring demand for well-built EV charging infrastructure, increasing demand for EVs, and favorable standards for electrical connectors.
Technavio's high power charger for electric vehicle market is segmented as below:
By Type
- 50 kW-less than 150 kW
- 150 kW-350 kW
- 350 kW and above
By Application
- Plug-in hybrid electric vehicle
- Battery electric vehicle
By Geography
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the recent developments in high power chargers for EVs as one of the prime reasons driving the high power charger for electric vehicle market growth during the next few years. Also, ultracapacitors in EV energy storage systems and powering EV charging stations through renewable energy will lead to sizable demand in the market.
Technavio 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. Our report on the high power charger for electric vehicle market covers the following areas:
- High power charger for electric vehicle market sizing
- High power charger for electric vehicle market forecast
- High power charger for electric vehicle market industry analysis
Technavio's 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 high power charger for electric vehicle market vendors that include ABB Ltd., Blink Charging Co., BorgWarner Inc., Chargemaster NZ, ChargePoint Inc., ClipperCreek Inc., EV Safe Charge Inc., EVBox BV, FLO Services USA Inc., Hyundai Motor Co., Infineon Technologies AG, Leviton Manufacturing Co. Inc., Robert Bosch GmbH, Shenzhen Shenghong Electric Co. Ltd., Siemens AG, Tesla Inc., VOLTERIO GmbH, WiTricity Corp., Zhejiang Benyi Electrical Co. Ltd., and Tata Motors Ltd. Also, the high power charger for electric vehicle 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.
Technavio 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. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.