Report Feature
The future of the global electric vehicle charger market looks promising with opportunities in the residential and commercial segments. The global electric vehicle charger market is expected to grow with a CAGR of 26%-28% from 2021 to 2026. The major drivers for this market are increasing penetration of electric vehicles, government regulations to limit environmental pollution, and increase in government initiatives for development of electric vehicle charging infrastructure.
Emerging trends, which have a direct impact on the dynamics of the industry, include a surge in demand for luxury and feature enabled vehicles and wireless charging for electric vehicles.
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The study includes trends and forecast for the global electric vehicle charger market by vehicle type, charging type, end user, and region, as follows:
By Vehicle Type [Value ($ Million) from 2015 to 2026]:
- Battery Electric Vehicles (BEVs)
- Plug-in Hybrid Electric Vehicles (PHEVs)
- Hybrid Electric Vehicles (HEVs)
By Charging Type [Value ($ Million) from 2015 to 2026]:
- On-Board Chargers
- Off-Board Chargers
By End User [Value ($ Million) from 2015 to 2026]:
- Residential
- Commercial
By Region [Value ($ Million) from 2015 to 2026]:
- North America
- United States
- Canada
- Mexico
- Europe
- Germany
- United Kingdom
- APAC
- China
- India
- Japan
- ROW
- Middle East
- Brazil
Some of the electric vehicle charger companies profiled in this report includes ABB Ltd., Robert Bosch GmbH, Siemens AG, Delphi Automotive, Chroma ATE, Aerovironment Inc., Silicon Laboratories, Chargemaster PLC, Schaffner Holdings AG and POD Point.
Lucintel forecasts that BEVs will remain the largest segment, and it is also expected to witness the highest growth over the forecast period due to rising environmental concerns, improved technology, and upcoming trend in the power and transportation sectors.
Within the global electric vehicle charger market, the residential segment is expected to witness the highest growth over the forecast period due to the advanced fuel efficient technologies that support sustainable development.
APAC is expected to remain the largest market and witness the highest growth over the forecast period due to the rise in demand for luxury and feature enabled vehicles and stringent government laws and regulations for vehicular emission.
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Features of the Global Electric Vehicle Charger Market |
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This report answers following 11 key questions |
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Q.1 What are some of the most promising growth opportunities for the global electric vehicle charger market by vehicle type (battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), and hybrid electric vehicles (HEVs)), charging type (on-board chargers and off-board chargers), end user (residential and commercial), 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 drivers and 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 and which companies are leading these developments? Q.9 Who are the major players in this market? What strategic initiatives are being taken by key players 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 product substitution? Q.11 What M & A activity did occur in the last five years? |
Report Scope
| Key Features | Description |
| Base Year for Estimation | 2020 |
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Trend Period (Actual Estimates) |
2015-2020 |
| Forecast Period | 2021-2026 |
| Pages | 210 |
| Market Representation / Units | Revenue in US $ Million |
| Regional Scope | North America (USA, Mexico, and Canada), Europe (Germany and United Kingdom), Asia (China, Japan, and India), and ROW (Middle East and Brazil) |
| Report Coverage | Market Trends & Forecasts, Competitor Analysis, New Product Development, Company Expansion, Merger, Acquisitions & Joint Venture, and Company Profiling |
| Market Segments | Vehicle Type (Battery Electric Vehicle (BEV), Plug-In Hybrid Electric Vehicle (PHEV) and Hybrid Electric Vehicle (HEV)), Charging Type (On-Board Chargers and Off-Board Chargers), End User (Residential and Commercial) |
| Customization | 10% Customization without Any Additional Cost |
Table of Contents
1. Executive Summary
6.2 Emerging Trends in the Global Electric Vehicle Charger Market
4.1 Global Electric Vehicle Charger Market by Region
4.2.1 Market by Vehicle Type: Battery Electric Vehicle (BEV), Plug-In Hybrid Electric Vehicle (PHEV) and Hybrid Electric Vehicle (HEV)
4.2.2 Market by Charging Type: On-Board Chargers and Off-Board Chargers
4.2.3 Market by End User: Residential and Commercial
4.2.4 The US Electric Vehicle Charger Market
4.2.5 The Canadian Electric Vehicle Charger Market
4.2.6 The Mexican Electric Vehicle Charger Market
4.3.1 Market by Vehicle Type: Battery Electric Vehicle (BEV), Plug-In Hybrid Electric Vehicle (PHEV) and Hybrid Electric Vehicle (HEV)
4.3.2 Market by Charging Type: On-Board Chargers and Off-Board Chargers
4.3.3 Market by End User: Residential and Commercial
4.3.4 German Electric Vehicle Charger Market
4.3.5 United Kingdom Electric Vehicle Charger Market
4.3.6 French Electric Vehicle Charger Market
4.3.7 Italian Electric Vehicle Charger Market
4.4.1 Market by Vehicle Type: Battery Electric Vehicle (BEV), Plug-In Hybrid Electric Vehicle (PHEV) and Hybrid Electric Vehicle (HEV)
4.4.2 Market by Charging Type: On-Board Chargers and Off-Board Chargers
4.4.3 Market by End User: Residential and Commercial
4.4.4 Chinese Electric Vehicle Charger Market
4.4.5 Japanese Electric Vehicle Charger Market
4.4.6 Indian Electric Vehicle Charger Market
4.4.7 South Korean Electric Vehicle Charger Market
4.5.1 Market by Vehicle Type: Battery Electric Vehicle (BEV), Plug-In Hybrid Electric Vehicle (PHEV) and Hybrid Electric Vehicle (HEV)
4.5.2 Market by Charging Type: On-Board Chargers and Off-Board Chargers
4.5.3 Market by End User: Residential and Commercial
4.5.4 Middle East Electric Vehicle Charger Market
4.5.5 Brazilian Electric Vehicle Charger Market
6.1.1 Growth Opportunities for the Global Electric Vehicle Charger Market by Vehicle Type
6.1.2 Growth Opportunities for the Global Electric Vehicle Charger Market by Charging Type
6.1.3 Growth Opportunities for the Global Electric Vehicle Charger Market by End User
6.1.4 Growth Opportunities for the Global Electric Vehicle Charger Market by Region
Methodology
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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