Electric Vehicle Charger Market by End-user, Type, and Geography - Forecast and Analysis 2020-2024

  • Published: Sep 2020
  • Pages: 120
  • SKU: IRTNTR44786
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The electric vehicle charger market value is projected to grow by 18.5 million units at a CAGR of 28.61% during 2020-2024.

This electric vehicle charger market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by end-user (residential and commercial), type (slow charger and fast charger), and geography (APAC, North America, Europe, and ROW). The electric vehicle charger market report also offers information on several market vendors, including 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 among others.

What will the Electric Vehicle Charger Market Size be in 2020?

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Electric Vehicle Charger Market: Key Drivers and Trends

Key drivers such as the growing sales of electric vehicles are notably supporting the electric vehicle charger market growth. Get detailed insights on the trends and challenges to stay prepared for the obstacles in the future, which will help companies analyze and develop growth strategies.

This post-pandemic electric vehicle charger market report has assessed the shift in consumer behavior and identified and explored the upcoming trends, drivers, and challenges that will have a far-reaching effect on the market growth. Understanding market trends is essential for identifying new business opportunities across segmentations and geographies.

Who are the Major Electric Vehicle Charger Market Vendors?

The electric vehicle charger market forecast report provides insights on complete key vendor profiles and their business strategies to reimage themselves. The profiles covered in the report are as follows:

 

  • 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
  • Webasto SE

 

From our Porter’s five forces analysis study, get detailed insights on the functional involvement of the buyers and suppliers to form well-rounded knowledge about the supply chain and create cost reduction plans. The electric vehicle charger market analysis report also contains exhaustive observation on the organic and inorganic growth strategies deployed by the vendors. Click here to uncover details of successful business strategies adopted by the vendors.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the electric vehicle charger market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Which are the Key Regions for Electric Vehicle Charger Market?

Electric-Vehicle-Charger-Market-Market-Share-by-Region-2019-2024

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The electric vehicle charger market size, share, & trends analysis report offers an up-to-date study of the geographical composition of the market. 43% of the market’s growth will originate from APAC during the forecast period. China is a key market for electric vehicle chargers in APAC.

APAC has been recording significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating End-user Segments in the Electric Vehicle Charger Market?

Electric-Vehicle-Charger-Market-Market-Share-by-End-2019-2024

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The electric vehicle charger market report provides comprehensive understanding of the subsets of our target market to earmark niche customer groups and simplify demographic requirements. In addition, the report provides insights on the impact of the unprecedented outbreak of COVID-19 on market segments. Through these insights, you can safely deduce transformation patterns in consumer behavior, which is crucial to gauge segment-wise revenue growth during 2020-2024 and embrace technologies to improve business efficiency. The electric vehicle charger market share growth by the residential segment has been significant and is expected to provide significant growth opportunities to market vendors.

This report provides an accurate prediction of the contribution of all the segments to the growth of the electric vehicle charger market size. Request for a free sample of the report to get an exclusive glimpse of actionable market insights on post COVID-19 impact on each segment.

 

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What are the Key Factors Covered in this Electric Vehicle Charger Market Report?

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive electric vehicle charger market growth during the next five years
  • Precise estimation of the electric vehicle charger market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the electric vehicle charger market across APAC, North America, Europe, and ROW 
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of electric vehicle charger market vendors

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Electric Vehicle Charger Market Scope

Report Coverage

Details

Page number

120

Base year

2019

Forecast period

2020-2024

Growth momentum & CAGR

Accelerate at a CAGR of 29%

Market growth 2020-2024

18.5 mn units

Market structure

Concentrated

YoY growth (%)

25.00

Regional analysis

APAC, North America, Europe, and ROW

Performing market contribution

APAC at 43%

Key consumer countries

China, US, Germany, France, and The Netherlands

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

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

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The electric vehicle charger market growth will increase by $18512.61 thousand units during 2019-2024.
The electric vehicle charger market is expected to grow at a CAGR of 28.61% during 2019-2024.
Technavio has segmented the electric vehicle charger market by end user volume (Residential and Commercial) ,type volume (Slow charger and Fast charger) , and geographic (APAC, North America, Europe, and ROW).
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, Webasto SE are a few of the key vendors in the electric vehicle charger market.
APAC will register the highest growth rate of 43.09% among the other regions. Therefore, the electric vehicle charger market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
  • China
  • US
  • Germany
  • France
  • The Netherlands
The key factors driving the electric vehicle charger market growth are:
  • Government incentives and subsidies for EV charger infrastructure developments
  • Open and closed platform approaches by EV charger solution providers
The electric vehicle charger market vendors should focus on grabbing business opportunities from the residential segment as it accounted for the largest market share in the base year.
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