Authored By: Sarah
25 Jan 2022

Electric Vehicle Charger Market | Leading Segments, Trends, Drivers and Challenges

ABB Ltd., AddEnergie Technologies Inc., AeroVironment Inc., Chargemaster Ltd., ChargePoint Inc., Electricite de France SA, Evatran Group Inc., Leviton Manufacturing Co. Inc., Robert Bosch GmbH are key vendors

Accelerating at a CAGR of 28.35%, the Global Electric vehicle charger market is expected to grow by 26825.74 th units during the forecast period. Our research report offers growth projections of all the market segments, along with an in-depth analysis of all the factors that are likely to boost growth. This research also delves deep into issues that are likely to challenge market growth. This detailed analysis of the market will facilitate clients in planning a business strategy for the growth of their business in the post-pandemic era.


Request for Our Free Sample Report for detailed Insights


Electric Vehicle Charger Market: Market Segments and Growth Forecasts

This research report will provide insights into the current market share of each segment along with growth projections for the next five years.

  • Market is segmented by End-user (residential and commercial), Type (slow charger and fast charger), and Geography (APAC, North America, Europe, South America, and MEA).
  • 44% of the market growth will originate from APAC during the forecast period. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the Electric Vehicle Charger Market size.

Electric Vehicle Charger Market Size to Grow by 26825.74 Th Units through 2021-2025 | Leading Segments and Market Trends

Electric Vehicle Charger Market: Trends, Drivers, Challenges

The report also offers a detailed impact analysis of various trends, drivers, and challenges that are likely to influence the market growth during the forecast period. These insights will equip clients to design a growth strategy for their business and area of operations.

  • Government incentives and subsidies for EV charging infrastructure developments will be a significant factor in driving the growth of the Electric Vehicle Charger Market. Charging locations are categorized as home and on-road based on their location. OEMs offer home-based charging solutions with EV purchases; however, the challenge remains with the availability of on-road private and public charging facilities. The adoption rate of EVs in a region is directly proportional to the availability of charging infrastructure on road so as governments across the world encourage the use of Electric vehicles in a bid to reduce air pollution, they will need to build an elaborate network of EV charging infrastructure as well. 
  • The open and closed platform approaches by EV charger solution providers is another factor supporting the electric vehicle charger market share growth. The EV charger market is becoming more dynamic owing to the entry of many regional and local players, vibrant partnerships, and demand from end-users.
  • High cost of installation of EV chargers is a hurdle that needs to be crossed on the path to success, however, as the demand for EVs gathers momentum, this issue is likely to be mitigated.

Electric Vehicle Charger Market Size to Grow by 26825.74 Th Units through 2021-2025 | Leading Segments and Market Trends

Electric Vehicle Charger Market: Vendor Analysis

  • The market is fragmented.
  • ABB Ltd., AddEnergie Technologies Inc., AeroVironment Inc., Chargemaster Ltd., ChargePoint Inc., Electricite de France SA, Evatran Group Inc., Leviton Manufacturing Co. Inc., Robert Bosch GmbH, and Webasto SE are some of the major market participants.
  • The unprecedented outbreak of COVID-19 in 2020 has had a significant impact on market segments had a ripple effect on various stakeholders. Our vendor analysis and insights will provide you with all the information required to make the most of the opportunities and plan business recovery and growth post the pandemic.

Key Areas Covered in our Report:

  • Electric Vehicle Charger Market Split by End-user
    • Residential
    • Commercial
  • Electric Vehicle Charger Market Split by Type
    • Slow charger
    • Fast charger
  • Electric Vehicle Charger Market Split by Geography
    • APAC
    • North America
    • Europe
    • South America
    • MEA

Customer landscape

  • Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2020-2025
  • MEA - Market size and forecast 2020-2025
  • Europe - Market size and forecast 2020-2025
  • North America - Market size and forecast 2020-2025
  • South America - Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Competitive scenario
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • ABB Ltd.
  • AddEnergie Technologies Inc.
  • AeroVironment Inc.
  • Chargemaster Ltd.
  • ChargePoint Inc.
  • Electricite de France SA
  • Evatran Group Inc.
  • Leviton Manufacturing Co. Inc.
  • Robert Bosch GmbH
  • Webasto SE

For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market will accelerate at a CAGR of 28.35%.

     
  2. What is the incremental growth of the market?
    The market is expected to grow by 26825.74 th units through 2021-2025.

     
  3. What is a key factor driving this market?
    government incentives and subsidies for EV charging infrastructure developments will drive market growth over the forecast period.

     
  4. What are the key regions covered in this market research report?
    APAC, North America, Europe, South America, and MEA are the key regions featured in this research report.

     
  5. Which is the leading geographic region for this market:
    44% growth will originate from APAC

     
  6. Who are the leading market vendors?
    The leading vendors in this market are ABB Ltd., AddEnergie Technologies Inc., AeroVironment Inc., Chargemaster Ltd., ChargePoint Inc., Electricite de France SA, Evatran Group Inc., Leviton Manufacturing Co. Inc., Robert Bosch GmbH, and Webasto SE

     
  7. What are the market segments covered in this report?
    The market is segmented by End-user (residential and commercial), Type (slow charger and fast charger), and Geography (APAC, North America, Europe, South America, and MEA)

Electric Vehicle Charger Market | Growth and Analysis
Trends, Drivers and Vendor Forecasts for 2021-2025

Electric vehicle charger market is set to post an incremental growth of 26825.74 th units during 2021-2025. The market will progressing at a CAGR of almost 28.35% during the forecast period. Our analysts provide a detailed understanding of the market focusing on the latest trends, and drivers that are likely to impact growth. This analysis will enable business leaders to strategize and plan for further growth of their business.


Rely on our business insights to implement a COVID-19 Recovery Plan: Request for Free Sample Report


Electric Vehicle Charger Market: Market Segments and Key Trends

The Electric vehicle charger market is segmented by End-user (residential and commercial), Type (slow charger and fast charger), and Geography (APAC, North America, Europe, South America, and MEA). APAC led the market with 44% of the market growth set to originate from this region during the forecast period. High cost of installation of ev chargers is one of the challenges that will need to be overcome to drive growth. The research report provides market share projections of each segment along with a detailed analysis of all the factors that are likely to boost growth within specific regions as well as global markets.

Electric Vehicle Charger Market: Top Drivers to Boost Demand

One of the primary factors that will drive market growth is the government incentives and subsidies for ev charging infrastructure developments. The electric vehicle charger market report provides an understanding of this and all the other drivers that are likely to impact market growth. These insights will enable clients to design growth strategies that will leverage opportunities and neutralize challenges effectively.

Electric Vehicle Charger Market Size to Grow by 26825.74 Th Units through 2021-2025 | Leading Segments and Market Trends

Electric Vehicle Charger Market: Vendor Analysis

The market is fragmented. The research report provides insights into the top market player and their product portfolio along with pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. ABB Ltd., AddEnergie Technologies Inc., AeroVironment Inc., Chargemaster Ltd., ChargePoint Inc., Electricite de France SA, Evatran Group Inc., Leviton Manufacturing Co. Inc., Robert Bosch GmbH, and Webasto SE are some of the major market participants.

For more insights on this market: Download a Free Sample Report

Electric Vehicle Charger Market: Key Highlights of the Report for 2021-2025

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive electric vehicle charger market growth during the next five years
  • Precise estimation of the electric vehicle charger market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the electric vehicle charger market industry across APAC, North America, Europe, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of electric vehicle charger market vendors

 

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