Global Electric Vehicle Chargers Market Analysis by Charging Connectors Type, by Electric Vehicles Type (PEV, PHEV), by End-User, And by Geography - Industry Size, Trends, Share, and Growth Analysis & Forecast 2016-2024

Global Electric Vehicle Chargers Market 

Market Overview

Since past few years the electrification vehicles has been the global hot topic with market deployment of electric vehicles predicted to grow rapidly over the next years. However, to meet the future the targets of mass deployment of electric vehicles requires access to charging infrastructure and manufacturing of cost efficient chargers, which is the major factor driving the growth of electric vehicle chargers market especially in developed countries. To strengthen the growing sales of electric vehicles and to encourage further adoption of electric vehicles more charging points (especially in residential sector) will be needed in nearby future. China is the leading market for electric vehicles as well as for the charging infrastructure with more than 150,000 public charging points across the country.

Goldstein Research analyst forecast global electric vehicle chargers market is likely to grow exponentially with the emergence of electric vehicles in coming years. Moreover, the market is anticipated to reach USD 9.4 billion at a CAGR of 28.0% over the forecast period i.e. 2016-2024.

Covered in this Global Electric Vehicle Chargers Market Report

The report covers the present ground scenario and the future growth prospects of the global electric vehicle chargers market for 2016-2024 along with the total revenue of electric vehicle charging station and chargers industry in every region. We calculated the market size and revenue share on the basis of revenue generated per segment and region. The revenue forecast is given on the basis of number of market players and current growth rate of the market.

Global Electric Vehicle Chargers Market Segmentation

By Charging Connectors Type

• CHAdeMO (Charge de Move)
• CCS (Combined Charging System)
• Others (Supercharger Connectors etc.)

By Electric Vehicle Type

• Plug-in Electric Vehicles (PEV)
• Plug-in Hybrid Electric Vehicles (PHEV)

By End Users

• Residential
• Commercial

By Geography

• North America (US, Canada) {Market Share (%), Market Size (USD Billion)}
• Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion)}
• Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion)}
• Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion)}
• Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion)}

Based on end users, residential segments accounted for the lion share of the electric vehicle chargers market. Moreover, residential segment is expected to maintain its dominance over the forecast period and steady adoption of advanced DC and wireless technology in this segment is anticipated to arise during the forecast period.

Global Electric Vehicle Chargers Market Outlook 2016-2024, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the global electric vehicle chargers market. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Global electric vehicle chargers market report also recognizes value chain analysis to understand the cost differentiation to provide competitive advantage to the existing and new entry players.

Our global electric vehicle chargers market report comprises of the following companies as the key players in the global electric vehicle chargers market: ABB, Leviton, Plugin Now, Evatran (Plugless), Siemens, Robert Bosch GmbH, Chargemaster PLC, WiTricity, Schaffner Holdings AG and POD Point.

According to our global electric vehicle chargers market study on the basis of extensive primary and secondary research is the advancement electric vehicle charging technologies to provide faster charging ability to the customers. Major industry players are focusing on developing fast chargers in order to exploit the opportunities provided by the emerging electric vehicles market. For instance, Robert Bosch a leader in residential electric vehicle charging stations announced faster charging plug-in installation electric vehicle charging stations for North America to stronghold its position in one of the fastest growing electric vehicle chargers market.

According to the report, major driver in global electric vehicle chargers market are initiatives to encourage people for the adoption of electric vehicles and major OEMs focus on EV segments to reduce carbon emissions and to take advantage of the growing market of EVs. Further, the governments are also developing public charging infrastructure to support the mass deployment of electric vehicles.

Further, the report states the challenges in global electric vehicle chargers market one of which major challenge is insufficient availability of fast charging stations and chargers, which is hindering the growth of adoption of electric vehicle and the growth of charging stations as people has to wait averagely for about half hour for charging of vehicles.

Geographically, Asia Pacific region accounted for the largest market share of electric vehicle chargers market as China is the forerunner in the electric vehicles market of Asia-Pacific, while the other major economies such as Japan, South Korea, Australia and India are also witnessing an upsurge in the number of electric vehicle sales, which is the major factor for the growth of EV chargers market growth in the region. On the other hand, Western Europe and North America are expected to witness huge growth and adoption of electric vehicles in coming years.

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 a SWOT analysis of the key vendors.

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Key questions answered in this global electric vehicle chargers market report

• What is the total market size by 2024 and what would be the expected growth rate of market?
• What is the total market size per segment and region in 2015-16 and what would be the expected market size per segment and region over the forecast period?
• What are the key market trends?
• What are the factors which are driving this market?
• What are the major barriers to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities for the existing and entry level players?
• What are the recent developments and business strategy of the key players?

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