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Electric Vehicle Charger (EVC) Market Growth & Trends [2031]
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Electric Vehicle Charger (EVC) Market Growth & Trends [2031]

Segments - Global Electric Vehicle Charger (EVC) Market by Vehicle Type (Battery Electric Vehicles, Hybrid Electric Vehicles, and Plug-in Hybrid Electric Vehicles) Charging Type (On-board Chargers and Off-board Chargers), End-user (Residential and Commercial), and Region (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) Forecasts, 2021-2028

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Author : Akash Vedpathak
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Fact-checked by : V. Chandola
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Editor : Shruti Bhat

Upcoming | Report ID :AL-4199 | 4.4 Rating | 79 Reviews | 212 Pages | Format : PDF Excel PPT

Report Description


The global electric vehicle charger (EVC) market size is estimated to expand at a high CAGR during the forecast period, between 2021 and 2028. Electric vehicle chargers (EVC) are used to charge electric vehicles that include an electrical supply and a battery that assists in charging the battery. Charging of such vehicles are accomplished through various charging levels, including level 3, level 2, and level 1.

Global Electric Vehicle Charger (EVC) Market Summary

Electric automobiles are less expensive to buy and maintain than traditional gasoline/diesel vehicles. Electric vehicles lessen the hazardous gas emissions that are emitted into the atmosphere. Electric vehicle charging systems are used to charge the batteries of electric vehicles. EV charger is set to increase phenomenally in the years ahead.

  • Increased market adoption of electric vehicles, and government laws directed at minimizing pollution, are expected to drive the market.
  • Growing need for low-cost and environmentally friendly transportation options, as well as a growing preference for electric mobility, fuels the market.
  • Rising government initiatives for the construction of electric vehicle charging facilities drive the market.
  • Lowering the price of EV batteries is a key component propelling the market.
  • High initial cost of fully electric automobiles and scarcity of charging stations hamper the market expansion.
  • The lack of power infrastructure, along with high charging periods, hinders the market expansion.
  • Government activities connected to EVs are projected to generate great opportunities for the market players.

Scope of Electric Vehicle Charger (EVC) Market Report:

The market report includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Attributes

Details

Report Title

Electric Vehicle Charger (EVC) Market – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018 & 2019

Forecast Period

2021–2028

Segmentation

Vehicle Type (Battery Electric Vehicles, Hybrid Electric Vehicles, and Plug-in Hybrid Electric Vehicles) Charging Type (On-board Chargers and Off-board Chargers), and End-user (Residential and Commercial)

Regional Scope

Asia Pacific, North America, Europe, Latin America, and Middle East & Africa

Report Coverage

Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast

Key Players Covered in the Report

ABB Ltd; Pod Point Ltd; Delphi Technologies; Chroma Ate Inc.; Robert Bosch Gmbh; bp pulse; Schaffner Holding AG. (Evatran Group); Siemens AG; Aerovironment Inc.; and Silicon Laboratories, Inc.

Electric Vehicle Charger (EVC) Market Segment Insights:

The battery electric vehicles segment is projected to hold significant market share

Based on vehicle type, the electric vehicle charger (EVC) market is segmented into battery electric vehicles, hybrid electric vehicles, and plug-in hybrid electric vehicles. The battery electric vehicles segment is projected to hold significant market share. Sensors, cameras, telematics systems, blind-spot monitoring with rear cross-traffic alert, and other technologically advanced facilities and features are available in electric vehicles to improve driver safety. These innovative safety features have been shown to save lives on the road. To broaden their client base, market participants are focusing on producing electric vehicles equipped with modern features. 

Global Electric Vehicle Charger (EVC) Market Vehicle Types

The on-board chargers segment is anticipated to account for a substantial share

On the basis of charging type, the market is bifurcated into on-board chargers and off-board chargers. The on-board chargers segment is anticipated to account for a substantial share, due to the increased government initiatives for the construction of electric car charging infrastructure and the development of a two-way on-board charger (V2G) for plug-in hybrid and future electric vehicles. An on-board charger is a device that charges the traction battery of an electric vehicle, plug-in hybrid car, or hybrid electric vehicle. The on-board charger technology in an electric car transforms the grid's AC input to a DC input, which then charges the battery. In the coming years, these factors are projected to fuel demand for electric vehicle on-board chargers.

The residential segment expands at a substantial rate during the forecast period

In terms of end-user, the electric vehicle charger (EVC) market is divided into residential and commercial. The residential segment expands at a substantial rate during the forecast period, owing to the rising EV sales and increasing number of charging stations. The growing need for environment friendly and low-cost transportation options, and growing preference for electric mobility, fuels the segment. The commercial segment register a robust pace in the coming years, due to the increased government financing for the development of public charging stations.

Global Electric Vehicle Charger (EVC) Market End Users

Asia Pacific is expected to dominate the market

In terms of region, the market is categorized as Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific is expected to dominate the market, owing to rising demand for inexpensive electric vehicles for daily usage, as well as government initiatives to promote electric vehicles. The Asia Pacific market is projected to be driven by China's large-scale expansion of EV charging infrastructure, and rising demand for affordable EVs. During the predicted period, China's rapidly expanding economy stimulates the spread of innovative technologies to improve electrification. South Korea and Japan have announced plans to significantly increase the number of electric vehicle charging stations in their respective countries over the next few years.

Global Electric Vehicle Charger (EVC) Market Region

Segments

By Vehicle Type

  • Battery Electric Vehicles
  • Hybrid Electric Vehicles
  • Plug-in Hybrid Electric Vehicles

By Charging Type

  • On-board Chargers
  • Off-board Chargers

By End-user

  • Residential
  • Commercial

By Region

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

By Key Players

  • ABB Ltd
  • Pod Point Ltd
  • Delphi Technologies
  • Chroma Ate Inc.
  • Robert Bosch Gmbh
  • bp pulse
  • Schaffner Holding AG. (Evatran Group)
  • Siemens AG
  • Aerovironment Inc.
  • Silicon Laboratories, Inc

Competitive Landscape

Key players in the electric vehicle charger (EVC) market include ABB Ltd; Pod Point Ltd; Delphi Technologies; Chroma Ate Inc.; Robert Bosch Gmbh; bp pulse; Schaffner Holding AG. (Evatran Group); Siemens AG; Aerovironment Inc.; and Silicon Laboratories, Inc. These players have constantly engaged in several market development activities such as collaborations, agreements, mergers & acquisitions, production capacity expansion, new product launches, and partnerships to increase their market share.

Global Electric Vehicle Charger (EVC) Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Electric Vehicle Charger (EVC) Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Electric Vehicle Charger (EVC) Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Electric Vehicle Charger (EVC) Market - Supply Chain
  4.5. Global Electric Vehicle Charger (EVC) Market Forecast
     4.5.1. Electric Vehicle Charger (EVC) Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Electric Vehicle Charger (EVC) Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Electric Vehicle Charger (EVC) Market Absolute $ Opportunity
5. Global Electric Vehicle Charger (EVC) Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Electric Vehicle Charger (EVC) Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Electric Vehicle Charger (EVC) Demand Share Forecast, 2019-2026
6. North America Electric Vehicle Charger (EVC) Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Electric Vehicle Charger (EVC) Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Electric Vehicle Charger (EVC) Demand Share Forecast, 2019-2026
7. Latin America Electric Vehicle Charger (EVC) Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Electric Vehicle Charger (EVC) Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Electric Vehicle Charger (EVC) Demand Share Forecast, 2019-2026
8. Europe Electric Vehicle Charger (EVC) Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Electric Vehicle Charger (EVC) Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Electric Vehicle Charger (EVC) Demand Share Forecast, 2019-2026
9. Asia Pacific Electric Vehicle Charger (EVC) Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Electric Vehicle Charger (EVC) Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Electric Vehicle Charger (EVC) Demand Share Forecast, 2019-2026
10. Middle East & Africa Electric Vehicle Charger (EVC) Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Electric Vehicle Charger (EVC) Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Electric Vehicle Charger (EVC) Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Electric Vehicle Charger (EVC) Market: Market Share Analysis
  11.2. Electric Vehicle Charger (EVC) Distributors and Customers
  11.3. Electric Vehicle Charger (EVC) Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. ABB Ltd
     11.4.2. Pod Point Ltd
     11.4.3. Delphi Technologies
     11.4.4. Chroma Ate Inc.
     11.4.5. Robert Bosch Gmbh
     11.4.6. bp pulse
     11.4.7. Schaffner Holding AG. (Evatran Group)
     11.4.8. Siemens AG&

Methodology

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