Dublin, Aug. 19, 2024 (GLOBE NEWSWIRE) -- The "Electric Vehicle Chargers - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Electric Vehicle Chargers is estimated at US$12.4 Billion in 2023 and is projected to reach US$79.7 Billion by 2030, growing at a CAGR of 30.5% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the electric vehicle chargers market is driven by several factors. The increasing adoption of electric vehicles globally is a primary driver, as more consumers and businesses transition to sustainable transportation options.
Government incentives and regulations promoting the use of electric vehicles and the development of charging infrastructure are also crucial factors. Technological advancements that improve the efficiency and convenience of EV chargers are making them more attractive to consumers. The expansion of public charging networks by both private companies and government initiatives is enhancing the accessibility of charging stations, alleviating range anxiety and encouraging EV adoption.
Additionally, the integration of renewable energy sources with EV chargers aligns with the growing focus on sustainable energy solutions, further propelling market growth. These factors collectively ensure robust expansion in the electric vehicle chargers market, meeting the evolving demands of the EV industry and contributing to the broader goal of reducing carbon emissions and promoting clean energy.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Electric Vehicle Chargers Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Electric Vehicle Chargers Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Off-Board Chargers segment, which is expected to reach US$67.1 Billion by 2030 with a CAGR of a 31.4%. The On-Board Chargers segment is also set to grow at 26.3% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $3.4 Billion in 2023, and China, forecasted to grow at an impressive 40.5% CAGR to reach $22.5 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as ABB Ltd., Bolt.Earth, BP Pulse (Chargemaster Limited), and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 364 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $12.4 Billion |
| Forecasted Market Value (USD) by 2030 | $79.7 Billion |
| Compound Annual Growth Rate | 30.5% |
| Regions Covered | Global |
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Global Economic Update
- Electric Vehicle Chargers - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
MARKET TRENDS & DRIVERS
- Growing Adoption of Electric Vehicles (EVs) Propels Demand for Chargers
- Technological Innovations in Charging Infrastructure Strengthen Business Case
- Expansion of Fast-charging Networks Drives Market Growth
- Increasing Government Initiatives and Subsidies for EV Infrastructure Accelerate Market Dynamics
- Rising Awareness of Environmental Benefits and Sustainability Generates Opportunities
- Impact of Urbanization and Smart City Projects on Charging Infrastructure Drives Adoption
- Consumer Preference for Convenient and Efficient Charging Solutions Sustains Market Growth
- Increasing Focus on Standardization and Interoperability of Charging Stations Spurs Market
- Growth of Home and Workplace Charging Solutions Expands Addressable Market
- Innovations in Wireless and Inductive Charging Technologies Propel Market
- Rising Investments in Renewable Energy-powered Charging Stations Enhance Market Dynamics
- Expansion of Ride-sharing and Fleet Electrification Drives Demand for Chargers
- Impact of Global Supply Chain Dynamics on Charging Equipment Production and Pricing
- Increasing Availability of Public Charging Stations Boosts Market Adoption
FOCUS ON SELECT PLAYERS(Total 37 Featured)
- ABB Ltd.
- Bolt.Earth
- BP Pulse (Chargemaster Limited)
- E.ON UK PLC
- E-Fill Electric (EFEV Charging Solutions Pvt. Ltd.)
- Keba AG
- MENNEKES Group (eMobility)
- Pod Point Limited
- Renesas Electronics Corporation
- Schaffner Holding AG
- Schneider Electric
- Servotech Power Systems
- Shell
- Siemens AG
- The Lincoln Electric Company
- Tommatech GmbH
For more information about this report visit https://www.researchandmarkets.com/r/74ro8q
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