Press release
Global Electric Car Battery Charger Market Forecast for Incremental CAGR Growth by 2022
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The industry-wide innovation trend has also rubbed off on car battery chargers. Efficiency, cost, and compatibility with the greater push towards sustainability remain focus areas for car battery manufacturers, and they continue to influence development of car battery chargers. While float chargers continue to remain sought-after, automatic chargers extend their lead over manual variants. Considering end-user demand for ease of access and more capacity, portable chargers with high battery capacity continue to reign supreme. Innovation in battery chargers will be massively influenced by developments in the parent market, and as battery research is at a tipping point, an unprecedented breakthrough can spawn a new era of car battery chargers.
A device used to supply electric current through a rechargeable battery with the purpose of charging it. Battery chargers remain a vital component of any car’s emergency kit. Battery chargers are available in different forms and capacities, with modern variants doubling up as power packs and inverters.
According to the Fact.MR report, the global market for electric car battery chargers is pegged to reach US$ 1.2 Bn value by the end of 2022, reflecting a moderate CAGR during 2017-2022.
New mobility solutions the big trend in 21st century automotive technology
E-sharing, carpooling and other mobility solutions are gaining immense traction in the 21st century because the rapid migration from rural to urban agglomerations witnessed in emerging markets is putting immense strain on their infrastructure. The eager adoption of such innovative mobility solutions could certainly benefit the electric car battery chargers market. While the sales of personal vehicles may dip somewhat, this should be compensated by a spike in commercial vehicle sales. Commercial vehicles naturally undergo much more wear and tear than personal vehicles, leading to shorter product vehicle replacement cycles. Shorter product vehicle cycles is directly responsible for an overall growth of the electric car battery chargers market. From just under a billion dollars in the year 2017, the global automotive battery charger market is projected to be worth nearly US$ 1.3 billion in 2022 with a moderate CAGR.
Automatic charging winning tug of war with manual charging segment
With a revenue share of 84% in the charging segment of the electric car battery chargers market, it would not be surprising if key stakeholders decided to focus most of their attention on automatic charging. Automatic charging is poised to grow to a size of more than a billion dollars in 2022 with a modest CAGR from 2017 – 2022. Europe is the largest region that prefers automatic charging as the continent continues to hold its 1/3rd electric car battery chargers market share throughout the duration of the forecast period. However, manual charging still holds the balance revenue share and even though it is projected to witness a decline in BPS, it should still be a market worth almost US$200 million in the year 2022.
Competition Tracking
The report has also profiled key companies partaking in the growth of global electric car battery charger market, which include Delphi Automotive PLC, ABB LTD, Schneider Electric S.E., General Electric Company, Tesla Inc, Leviton Manufacturing Co., Inc., POD Point Ltd., Sema Connect Inc., EVgo Service LLC., ClipperCreek Inc., ChargePoint Inc., and Chargemaster plc.
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Table of Content
1. Global Electric Car Battery Charger Market - Executive Summary
2.Global Electric Car Battery Charger Market Overview
2.1.Introduction
2.1.1. Global Electric Car Battery Charger Market Taxonomy
2.1.2. Global Electric Car Battery Charger Market Definition
2.2.Global Electric Car Battery Charger Market Size (US$ Mn) and Forecast, 2012-2022
2.2.1. Global Electric Car Battery Charger Market Y-o-Y Growth
2.3.Global Electric Car Battery Charger Market Dynamics
2.3.1. Drivers
2.3.2. Restraints
2.3.3. Trends
2.4.Supply Chain
2.5.Cost Structure
2.6.Pricing Analysis
2.7.Raw Material Sourcing Strategy and Analysis
2.8.List of Distributors
2.9.Key Participants Market Presence (Intensity Map) By Region
2.10. Competitive Assessment and Technology Trends in Future
3.Global Electric Car Battery Charger Market Analysis and Forecast By Charging Type
3.1.Global Electric Car Battery Charger Market Size and Forecast By Charging Type, 2012-2022
3.1.1. Automatic Charging Electric Car Battery Charger Market Size and Forecast, 2012-2022
3.1.1.1.Revenue (US$ Mn) Comparison, By Region
3.1.1.2.Market Share Comparison, By Region
3.1.1.3.Y-o-Y growth Comparison, By Region
Continue…@@
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About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized Automotive Marketresearch reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
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