Global Electric Vehicle Charger Market 2020-2024
Technavio has been monitoring the electric vehicle charger market and it is poised to grow by 1.85 mn units during 2020-2024 progressing at a CAGR of 29% during the forecast period. Our reports on electric vehicle charger market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the government incentives and subsidies for EV charger infrastructure developments, increasing EV sales through tax incentives pushing demand for well-built EV charger infrastructure and fuel emission and efficiency regulations driving adoption of EVs and charger. In addition, government incentives and subsidies for EV charger infrastructure developments is anticipated to boost the growth of the market as well.
The electric vehicle charger market analysis includes end-user segment, type segment, and geographical landscapes.
Technavio's electric vehicle charger market is segmented as below:
- By Type
- Slow charger
- Fast charger
By Geographic Landscapes
- North America
This study identifies the powering EV charging stations through renewable energy as one of the prime reasons driving the electric vehicle charger market growth during the next few years. Also, open and closed platform approaches by EV charger solution providers and ultracapacitors in EV energy storage system will lead to sizable demand in the market.
"Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our electric vehicle charger market covers the following areas:
- Electric vehicle charger market sizing
- Electric vehicle charger market forecast
- Electric vehicle charger market industry analysis"
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading electric vehicle charger market vendors that include ABB Ltd., AddÉnergie Technologies Inc., AeroVironment Inc., BP Plc, ChargePoint Inc., Electricite de France SA, Evatran Group Inc., Leviton Manufacturing Co. Inc., Robert Bosch GmbH, and Webasto SE. Also, the electric vehicle charger market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.