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Electric Vehicle AC Charger Trends and Forecast
The future of the global electric vehicle AC charger market looks promising with opportunities in the residential charging and commercial charging markets. The global electric vehicle AC charger market is expected to reach an estimated $22.5 billion by 2030 with a CAGR of 30.1% from 2024 to 2030. The major drivers for this market are growing electric vehicle (EV) sales and EV penetration across the globe, rising focus of government on strengthening the charging service network and charging infrastructure, as well as, increasing adoption of residential charging stations.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Electric Vehicle AC Charger by Segment
The study includes a forecast for the global electric vehicle AC charger by vehicle type, product, end use, and region.
Electric Vehicle AC Charger Market by Vehicle Type [Shipment Analysis by Value from 2018 to 2030]:
• BEV
• PHEV
Electric Vehicle AC Charger Market by Product [Shipment Analysis by Value from 2018 to 2030]:
• Standard Charger
• Fast Charger
Electric Vehicle AC Charger Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Residential Charging
• Commercial Charging
Electric Vehicle AC Charger Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Electric Vehicle AC Charger Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies electric vehicle AC charger companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the electric vehicle AC charger companies profiled in this report include-
• Siemens
• Blink Charging
• Abb
• Chargepoint
• Schneider Electric
• Robert Bosch
• Eaton
• Evbox
• Wallbox
Electric Vehicle AC Charger Market Insights
Lucintel forecasts that standard charger will remain the larger segment over the forecast period due to presence of level 1 and 2 charging infrastructure in major countries, and the increasing sales of vehicles led to growing demand for power capacity ranging from 3 to 22kw, which in turn is driving the AC standard charger demand.
APAC will remain the largest region over the forecast period due to growing demand for electric vehicle charging stations such as, China.
Features of the Global Electric Vehicle AC Charger Market
Market Size Estimates: Electric vehicle AC charger market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Electric vehicle AC charger market size by vehicle type, product, and region in terms of value ($B).
Regional Analysis: Electric vehicle AC charger market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different vehicle type, product, and regions for the electric vehicle AC charger market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the electric vehicle AC charger market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the electric vehicle AC charger market size?
Answer: The global electric vehicle AC charger market is expected to reach an estimated $22.5 billion by 2030.
Q.2 What is the growth forecast for electric vehicle AC charger market?
Answer: The global electric vehicle AC charger market is expected to grow with a CAGR of 30.1% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the electric vehicle AC charger market?
Answer: The major drivers for this market are growing electric vehicle (EV) sales and EV penetration across the globe, rising focus of government on strengthening the charging service network and charging infrastructure, as well as, increasing adoption of residential charging stations.
Q4. What are the major segments for electric vehicle AC charger market?
Answer: The future of the global electric vehicle AC charger market looks promising with opportunities in the residential charging and commercial charging markets.
Q5. Who are the key electric vehicle AC charger market companies?
Answer: Some of the key electric vehicle AC charger companies are as follows:
• Siemens
• Blink Charging
• ABB
• ChargePoint
• Schneider Electric
• Robert Bosch
• Eaton
• EVBox
• Wallbox
Q6. Which electric vehicle AC charger market segment will be the largest in future?
Answer: Lucintel forecasts that standard charger will remain the larger segment over the forecast period due to presence of level 1 and 2 charging infrastructure in major countries, and the increasing sales of vehicles led to growing demand for power capacity ranging from 3 to 22kw, which in turn is driving the AC standard charger demand.
Q7. In electric vehicle AC charger market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to growing demand for electric vehicle charging stations such as, China.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the electric vehicle AC charger market by vehicle type (BEV and PHEV), product (standard charger and fast charger), end use (residential charging and commercial charging), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Electric Vehicle Ac Charger Market, Electric Vehicle Ac Charger Market Size, Electric Vehicle Ac Charger Market Growth, Electric Vehicle Ac Charger Market Analysis, Electric Vehicle Ac Charger Market Report, Electric Vehicle Ac Charger Market Share, Electric Vehicle Ac Charger Market Trends, Electric Vehicle Ac Charger Market Forecast, Electric Vehicle Ac Charger Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Electric Vehicle AC Charger Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Electric Vehicle AC Charger Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Electric Vehicle AC Charger Market by Vehicle Type
3.3.1: BEV
3.3.2: PHEV
3.4: Global Electric Vehicle AC Charger Market by Product
3.4.1: Standard Charger
3.4.2: Fast Charger
3.5: Global Electric Vehicle AC Charger Market by End Use
3.5.1: Residential Charging
3.5.2: Commercial Charging
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Electric Vehicle AC Charger Market by Region
4.2: North American Electric Vehicle AC Charger Market
4.2.1: North American Electric Vehicle AC Charger Market by Product: Standard Charger and Fast Charger
4.2.2: North American Electric Vehicle AC Charger Market by End Use: Residential Charging and Commercial Charging
4.3: European Electric Vehicle AC Charger Market
4.3.1: European Electric Vehicle AC Charger Market by Product: Standard Charger and Fast Charger
4.3.2: European Electric Vehicle AC Charger Market by End Use: Residential Charging and Commercial Charging
4.4: APAC Electric Vehicle AC Charger Market
4.4.1: APAC Electric Vehicle AC Charger Market by Product: Standard Charger and Fast Charger
4.4.2: APAC Electric Vehicle AC Charger Market by End Use: Residential Charging and Commercial Charging
4.5: ROW Electric Vehicle AC Charger Market
4.5.1: ROW Electric Vehicle AC Charger Market by Product: Standard Charger and Fast Charger
4.5.2: ROW Electric Vehicle AC Charger Market by End Use: Residential Charging and Commercial Charging
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Electric Vehicle AC Charger Market by Vehicle Type
6.1.2: Growth Opportunities for the Global Electric Vehicle AC Charger Market by Product
6.1.3: Growth Opportunities for the Global Electric Vehicle AC Charger Market by End Use
6.1.4: Growth Opportunities for the Global Electric Vehicle AC Charger Market by Region
6.2: Emerging Trends in the Global Electric Vehicle AC Charger Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Electric Vehicle AC Charger Market
6.3.3: Mergers, ACquisitions, and Joint Ventures in the Global Electric Vehicle AC Charger Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Siemens
7.2: Blink Charging
7.3: ABB
7.4: ChargePoint
7.5: Schneider Electric
7.6: Robert Bosch
7.7: Eaton
7.8: EVBox
7.9: Wallbox
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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