Global Low Voltage Charger Market (By Product Category, End-Use and Region): Insights & Forecast with Potential Impact of COVID-19 (2021-2025)
The global low voltage charger market is expected to record a value of US$1.22 billion in 2025, rising at a CAGR of 3.09%, for the time period of 2021-2025. Factors such as rising number of ride-hailing fleet vehicles, growing digital ads spending in automotive industry, rising sales of smartphones, decline in price of lithium-ion batteries, rising demand for electric vehicle supply equipment and rapid urbanization would drive the growth of the market. However, the market growth would be challenged by lack of standardization in charging infrastructure and challenge of charging station financing and ownership. A few notable trends may include rising CO2 emission from transportation sector, growing trend of recreational vehicles (RV) and reducing cost of electric vehicle (EV) batteries.
The global low voltage charger market is a small but emerging market, due to the rising penetration of electric vehicle worldwide. Supported by regulation and government incentives, improving EV appeal and the rollout of charging infrastructure, the deployment of various types of chargers is rising at a considerable pace, which is fuelling the growth of the low voltage chargers market globally.
The fastest growing regional market was Europe, due to the rising share of EV sales in the overall automotive industry. Further, North America and Asia Pacific also held significant shares in the global low voltage chargers market. However, the outbreak of the COVID-19 pandemic has caused a severe downturn in the automotive industry, which impacted the sales of battery operated things and thereby caused a negative impact on the market value of low voltage chargers globally.
Scope of the report:
The report provides a comprehensive analysis of the global low voltage chargers market with potential impact of COVID-19.
The major regional markets (Europe, North America, Asia Pacific and ROW) have been analyzed.
The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
The competitive landscape of the market, along with the company profiles of leading players (Robert Bosch, Siemens, Tesla, Inc., ABB, CTEK and Victron Energy) are also presented in detail.
Key Target Audience:
Low Voltage Chargers Manufacturers
EV components Suppliers
Raw Material Suppliers
End Users (OEMs and Automotive Aftermarket)
Investment Banks
Government Bodies & Regulating Authorities
- 1. Overview
- 1.1 Introduction
- 1.2 Types of Battery
- Table 1: Types of Battery
- 1.3 Charging Methods of a Battery
- Table 2: Charging Methods of a Battery
- 1.4 Stages of Battery Charging
- Table 3: Stages of Battery Charging
- 1.5 Low Voltage Battery Management System
- Table 4: Low Voltage Battery Management System
- 2. Impact of COVID-19
- 2.1 Impact on Economic Growth
- Table 5: Global GDP Growth Rate (2019-2021)
- 2.2 Impact on Electric Vehicles Sales
- Table 6: Global Electric Vehicle Sales (2018-2021)
- 2.3 Impact on Consumer Electronic Industry
- Table 7: The U.S. Consumer Electronics Industry Growth Rate (2019-2021)
- 3. Global Market Analysis
- 3.1 Global Low Voltage Charger Market by Value
- Table 8: Global Low Voltage Charger Market by Value (2016-2020)
- 3.2 Global Low Voltage Charger Market Forecast by Value
- Table 9: Global Low Voltage Charger Market Forecast by Value (2021-2025)
- 3.3 Global Low Voltage Charger Market by Product Category
- Table 10: Global Low Voltage Charger Market by Product Category (2020)
- 3.3.1 Global Non-premium Low Voltage Chargers Market by Value
- Table 11: Global Non-premium Low Voltage Chargers Market by Value (2016-2020)
- 3.3.2 Global Non-premium Low Voltage Chargers Market Forecast by Value
- Table 12: Global Non-premium Low Voltage Chargers Market Forecast by Value (2021-2025)
- 3.3.3 Global Premium Low Voltage Charger Market by Value
- Table 13: Global Premium Low Voltage Charger Market by Value (2016-2020)
- 3.3.4 Global Premium Low Voltage Charger Market Forecast by Value
- Table 14: Global Premium Low Voltage Charger Market Forecast by Value (2021-2025)
- 3.3.5 Global Premium Low Voltage Charger Market by Type
- Table 15: Global Premium Low Voltage Charger Market by Type (2020)
- 3.3.6 Global Regular Cars Low Voltage Charger Market by Value
- Table 16: Global Regular Cars Low Voltage Charger Market by Value (2016-2020)
- 3.3.7 Global Regular Cars Low Voltage Charger Market Forecast by Value
- Table 17: Global Regular Cars Low Voltage Charger Market Forecast by Value (2021-2025)
- 3.3.8 Global Workshop Low Voltage Charger Market by Value
- Table 18: Global Workshop Low Voltage Charger Market by Value (2016-2020)
- 3.3.9 Global Workshop Low Voltage Charger Market Forecast by Value
- Table 19: Global Workshop Low Voltage Charger Market Forecast by Value (2021-2025)
- 3.3.10 Global Motorcycle Low Voltage Charger Market by Value
- Table 20: Global Motorcycle Low Voltage Charger Market by Value (2016-2020)
- 3.3.11 Global Motorcycle Low Voltage Charger Market Forecast by Value
- Table 21: Global Motorcycle Low Voltage Charger Market Forecast by Value (2021-2025)
- 3.3.12 Global Enthusiast Cars Low Voltage Charger Market by Value
- Table 22: Global Enthusiast Cars Low Voltage Charger Market by Value (2016-2020)
- 3.3.13 Global Enthusiast Cars Low Voltage Charger Market Forecast by Value
- Table 23: Global Enthusiast Cars Low Voltage Charger Market Forecast by Value (2021-2025)
- 3.4 Global Low Voltage Charger Market by End-Use
- Table 24: Global Low Voltage Charger Market by End-Use (2020)
- 3.4.1 Global Consumer Low Voltage Charger Market by Value
- Table 25: Global Consumer Low Voltage Charger Market by Value (2016-2020)
- 3.4.2 Global Consumer Low Voltage Charger Market Forecast by Value
- Table 26: Global Consumer Low Voltage Charger Market Forecast by Value (2021-2025)
- 3.4.3 Global Professional Low Voltage Charger Market by Value
- Table 27: Global Professional Low Voltage Charger Market by Value (2016-2020)
- 3.4.4 Global Professional Low Voltage Charger Market Forecast by Value
- Table 28: Global Professional Low Voltage Charger Market Forecast by Value (2021-2025)
- 3.5 Global Low Voltage Charger Market by Region
- Table 29: Global Low Voltage Charger Market by Region (2020)
- 4. Regional Market Analysis
- 4.1 Europe
- 4.1.1 Europe Low Voltage Charger Market Forecast by Value
- Table 30: Europe Low Voltage Charger Market Forecast by Value (2020-2025)
- 4.2 North America
- 4.2.1 North America Low Voltage Charger Market Forecast by Value
- Table 31: North America Low Voltage Charger Market Forecast by Value (2020-2025)
- 4.3 Asia Pacific
- 4.3.1 Asia Pacific Low Voltage Charger Market Forecast by Value
- Table 32: Asia Pacific Low Voltage Charger Market Forecast by Value (2020-2025)
- 4.4 ROW
- 4.3.1 ROW Low Voltage Charger Market Forecast by Value
- Table 33: ROW Low Voltage Charger Market Forecast by Value (2020-2025)
- 5. Market Dynamics
- 5.1 Growth Drivers
- 5.1.1 Rising Number of Ride-hailing Fleet Vehicles
- Table 34: Number of Vehicles in the Global Ride-hailing Fleet (2015-2025)
- 5.1.2 Growing Digital Ads Spending in Automotive Industry
- Table 35: The U.S. Automotive Industry Digital Ads Spending (2017-2021)
- 5.1.3 Rising Sales of Smartphones
- Table 36: Global Smartphones Sales (2018-2026)
- 5.1.4 Decline in Price of Lithium-ion Batteries
- Table 37: Lithium-ion Battery Pack Cost Worldwide (2016-2020)
- 5.1.5 Rising Demand for Electric Vehicle Supply Equipment
- Table 38: Global Electric Vehicle Supply Equipment Market (2016-2020)
- 5.1.6 Surging Urbanization
- Table 39: Global Urban Population (2016-2020)
- 5.2 Key Trends and Developments
- 5.2.1 Rising CO2 Emission from Transportation Sector
- Table 40: Distribution of CO2 Emissions from the Transportation Sector Worldwide (2050)
- 5.2.2 Rising Trend of Recreational Vehicles (RV)
- Table 41: Global Recreational Vehicle Market (2020-2025)
- 5.2.3 Reducing Cost of Electric Vehicle (EV) Batteries
- 5.3 Challenges
- 5.3.1 Lack of Standardization in Charging Infrastructure
- 5.3.2 Challenge of Charging Station Financing and Ownership
- 6. Competitive Landscape
- 6.1 Global Market
- 6.1.1 Key Players – Revenue Comparison
- Table 42: Key Players – Revenue Comparison (2020/2021)
- 6.1.2 Key Players – Market Capitalization Comparison
- Table 43: Key Players – Market Capitalization Comparison (2022)
- 6.1.3 Comparison of Company’s Products in the Low Voltage Charger Market
- Table 44: Comparison of Company’s Products in the Low Voltage Charger Market
- 7. Company Profiles
- 7.1 Robert Bosch
- 7.1.1 Business Overview
- 7.1.2 Financial Overview
- Table 45: Robert Bosch Revenue and Profit (2016-2020)
- Table 46: Robert Bosch Revenue by Segments (2020)
- Table 47: Robert Bosch Revenue by Region (2020)
- 7.1.3 Business Strategies
- 7.2 Siemens
- 7.2.1 Business Overview
- 7.2.2 Financial Overview
- Table 48: Siemens Revenue and Net Income (2017-2021)
- Table 49: Siemens Revenue by Segment (2021)
- Table 50: Siemens Revenue by Region (2021)
- 7.2.3 Business Strategies
- 7.3 Tesla, Inc.
- 7.3.1 Business Overview
- 7.3.2 Financial Overview
- Table 51: Tesla, Inc. Total Revenues and Net Income (Loss) (2016-2020)
- Table 52: Tesla, Inc. Total Revenues by Segment (2020)
- Table 53: Tesla, Inc. Total Revenues by Region (2020)
- 7.3.3 Business Strategies
- 7.4 ABB
- 7.4.1 Business Overview
- 7.4.2 Financial Overview
- Table 54: ABB Total Revenues and Net Income (2016-2020)
- Table 55: ABB Total Revenues by Segments (2020)
- Table 56: ABB Total Revenues by Regions (2020)
- 7.4.3 Business Strategies
- 7.5 CTEK
- 7.5.1 Business Overview
- 7.5.2 Financial Overview
- Table 57: CTEK Net Sales and Profit (2016-2020)
- Table 58: CTEK Net Sales by Segment (2020)
- 7.5.3 Business Strategies
- 7.6 Victron Energy
- 7.6.1 Business Overview
- 7.6.2 Business Strategies
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook