Electric Vehicle Charger Market by End-user, Type and Geography - Forecast and Analysis 2023-2027

  • Published: Dec 2022
  • Pages: 165
  • SKU: IRTNTR44786

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Electric Vehicle Charger market growth will increase by $68483.18 thousand units during 2023-2027.
The electric vehicle charger market is expected to grow at a CAGR of 29.63% during 2023-2027.
Technavio has segmented the electric vehicle charger market by end-user (Residential and Commercial) ,type (Slow charger and Fast charger) , and geography (APAC, North America, Europe, South America, and Middle East and Africa).
ABB Ltd., Blink Charging Co., BorgWarner Inc., Bosch Automotive Service Solutions Inc, Chargemaster NZ, ChargePoint Inc., ClipperCreek Inc., EV Safe Charge Inc., Evatran Group Inc., EVBox BV, FLO Services USA Inc., GreenPower Motor Co. Inc., Hyundai Motor Co., Leviton Manufacturing Co. Inc., NRG-X Charging Systems (VOLTERIO), SemaConnect Inc., Siemens AG, Tesla Inc., WiTricity Corporation, Zhejiang Benyi Electrical Co., Ltd. are a few of the key vendors in the electric vehicle charger market.
APAC will register the highest growth rate of 43.82% 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.
  • US
  • China
  • 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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