DUBLIN--(BUSINESS WIRE)--The "Electric Vehicle Charger Global Market Report 2021: COVID-19 Growth and Change" report has been added to ResearchAndMarkets.com's offering.
The global electric vehicle charger market is expected to grow from $3.23 billion in 2020 to $3.94 billion in 2021 at a compound annual growth rate (CAGR) of 21.8%. The market is expected to reach $10.91 billion in 2025 at a CAGR of 29%.
Major players in the electric vehicle charger market are ABB Ltd., AeroVironment Inc., ChargePoint Inc., BP Chargemaster, Evatran Group Inc., Leviton, Webasto SE, Eaton, Schneider Electric, Siemens, Electricite de France SA, POD Point, Schaffner Holdings AG, IES Synergy, and Efacec.
The main types of vehicles in electric vehicle chargers are battery electric vehicles (BEV), plug-in hybrid electric vehicles (PHEV), and hybrid electric vehicles (HEV). Battery electric vehicles employ an electric motor instead of an internal combustion engine. Battery electric vehicles use a traction battery pack to power the electric motor that needs to be plugged into the charging outlet. The different charging types include on-board chargers, off-board chargers and are used in various end-use sectors such as residential, commercial.
The electric vehicle charger market consists of sales of electric vehicle chargers that deliver energy to the vehicle battery system per unit of time. The electric vehicle charger is a part of electric vehicle supply equipment that provides electrical power to plug-in electric automobiles. Electric vehicle charging is divided into four stages, with Level 4 being the fastest.
Asia Pacific was the largest region in the electric vehicle charger market in 2020. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The increasing stringent regulations by the governments to limit environmental pollution are contributing to the growth of the electric vehicle charger market. Many governments have implemented stringent government regulations to limit harmful vehicular emissions, making it vital for vehicle manufacturers to shift to advanced technologies that reduce vehicle emission levels. Therefore, the rising stringent regulations by the governments are projected to drive the growth of the electric charger market in the coming years.
The growing technological advancements are shaping the electric vehicle charger market. Major companies operating in the electric vehicle charger sector are focused on developing technological solutions for electric vehicle chargers to reduce carbon emissions and meet customer demand.
Key Topics Covered:
1. Executive Summary
2. Electric Vehicle Charger Market Characteristics
3. Electric Vehicle Charger Market Trends and Strategies
4. Impact Of COVID-19 On Electric Vehicle Charger
5. Electric Vehicle Charger Market Size and Growth
5.1. Global Electric Vehicle Charger Historic Market, 2015-2020, $ Billion
5.1.1. Drivers Of the Market
5.1.2. Restraints On the Market
5.2. Global Electric Vehicle Charger Forecast Market, 2020-2025F, 2030F, $ Billion
5.2.1. Drivers Of the Market
5.2.2. Restraints On the Market
6. Electric Vehicle Charger Market Segmentation
6.1. Global Electric Vehicle Charger Market, Segmentation by Vehicle Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- Battery Electric Vehicle (BEV)
- Plug-in Hybrid Electric Vehicle (PHEV)
- Hybrid Electric Vehicle (HEV)
6.2. Global Electric Vehicle Charger Market, Segmentation by Charging Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- On-Board Chargers
- Off-Board Chargers
6.3. Global Electric Vehicle Charger Market, Segmentation by End-User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- Residential
- Commercial
7. Electric Vehicle Charger Market Regional and Country Analysis
7.1. Global Electric Vehicle Charger Market, Split by Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
7.2. Global Electric Vehicle Charger Market, Split by Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
Companies Mentioned
- ABB Ltd.
- AeroVironment Inc.
- ChargePoint Inc.
- BP Chargemaster
- Evatran Group Inc.
- Leviton
- Webasto SE
- Eaton
- Schneider Electric
- Siemens
- Electricite de France SA
- POD Point
- Schaffner Holdings AG
- IES Synergy
- Efacec
For more information about this report visit https://www.researchandmarkets.com/r/k4e90p
