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Global Electric Car Battery Charger Market Research Report 2017: Industry Expected to Reach Roughly US$ 1.2 Bn 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.
Scope
The scope of the report is to analyze the global electric car battery chargers market for the period 2017-2022 and give readers an accurate, unbiased analysis. Electric car battery chargers manufacturers, suppliers, and stakeholders in the overall automotive market can benefit from the insights offered in this report. The comprehensive analysis offered in the report can also be of interest to leading automotive journals and trade magazines.
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$200 million in the year 2022.
Float chargers largest segment of automotive battery charger market
With a steady CAGR from 2017-2022, the float charger segment is forecast to grow to almost US$ 750 million. Float chargers alone account for more than three-fifth of the revenue share in the automotive battery charger market with Europe being the largest region. Europe is anticipated to reach a value of US$ 245 million by the end of the forecast period. With smart technology sweeping across every industry like a tsunami, there is little surprise that it has impacted the automotive battery charger market as well. Less than one-fourth revenue share, at a steady CAGR, and a market estimated to touch US$ 260 million by 2022 all point to a bright future for smart chargers in the automotive battery charger market.
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12v-48v batteries have lion’s share of automotive battery charger market
The 12v-48v segment will account for a revenue share of 85% of the battery capacity segment of the automotive battery charger market with a stable CAGR during the course of the study period. The 12v-48v segment is likely to be slightly above the one billion dollar mark by 2022 in terms of value from around US$ 810 million in 2017. As is the case with automatic chargers, Europe holds a 1/3rd share in this dynamic segment of the automotive battery charger market.
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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About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized Automotive Market research 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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