According to a new market report published by Lucintel, 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 27% 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.
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In this market, electric vehicle chargers are used in BEVs, PHEVs, and HEVs. On the basis of comprehensive research, 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.
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. ABB Ltd., Robert Bosch GmbH, Siemens AG, Delphi Automotive, Chroma ATE, Aerovironment Inc., Silicon Laboratories, Chargemaster PLC, Schaffner Holdings AG, and POD Point are among the major suppliers of the electric vehicle charger market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global electric vehicle charger market by vehicle type, charging type, end user, and region, and has compiled a comprehensive research report titled “Growth Opportunities in the Global Electric Vehicle Charger market 2021-2026: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. 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]:
By Region [Value ($ Million) from 2015 to 2026]:
North America
United States
Canada
Mexico
Europe
APAC
ROW
This more than 150 page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.