The global demand for EV Chargers Market is presumed to reach the market size of nearly USD 84.88 BN by 2028 from USD 9.09 BN in 2021 with a CAGR of 37.6% under the study period of 2022 - 2028. Regarding volume, the market was calculated XX K Units in 2021 and forecast to touch XX K Units by 2028 with a CAGR of XX% during 2022-2028.
EV chargers, also known as electric vehicle chargers, are devices used to charge electric vehicles (EVs) by providing electric energy from a power source to the vehicle's battery. These chargers can be classified into different types such as: Level 1, Level 2 and Level 3 chargers.
Market Dynamics
The growing adoption of electric vehicles drives the market for EV chargers. As more and more consumers choose to purchase EVs, the demand for EV chargers increases. The increasing availability of public charging infrastructure also drives the growing demand for EV chargers. Additionally, governments worldwide are implementing policies to promote the use of electric vehicles and reduce dependence on fossil fuels, further driving the market for EV chargers. However, the high costs of EV chargers and the need for standardization in the EV charging industry may hamper the market growth.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of ev chargers. The growth and trends of EV Chargers Industry provide a holistic approach to this study.
Market Segmentation
This section of the ev chargers market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- On-Board Electric Vehicle Charger(EVC)
- Off-Board Electric Vehicle Charger(EVC)
By Application
- Residential Charging
- Public Charging
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the EV Chargers market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global EV Chargers Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the ev chargers market include AeroVironment, Chargepoint, ABB, Eaton, Leviton, Blink, Schneider, Siemens, General Electric, AeroVironment, Panasonic, Chargemaster, Elektromotive, Clipper Creek, DBT CEV, Pod Point, BYD, NARI, Xuji Group, Potivio, Auto Electric Power Plant, Huashang Sanyou, Zhejiang Wanma, Puruite, Titans, Shanghai Xundao, Sinocharge, Ruckus New Energy Tech. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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