Electric Vehicle Charger Market Booming the Industries by Ravishing keyplayers | ABB Ltd., Robert Bosch GmbH, Siemens AG, Delphi Automotive, Chroma ATE, Aerovironment Inc., Silicon Laboratories, Chargemaster PLC

Scarcity of conventional fossil fuels is leading to increasing demand for developing alternative solutions. Car manufacturers, therefore, are focusing on developing alternatives to fuel cars such as electric vehicles, which are environmental friendly as well. Electric vehicles offer great potential to drastically reduce air pollution, greenhouse gas, and other hazardous gas emissions. With cost of electric vehicles falling consistently, the transition is being perceived to be more likely in the near future.

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Low Costs of Deployment of Electric Vehicle Charging Infrastructure
Utilization of electric vehicles depends on adequate facilities for vehicles to be charged, especially at public places. The infrastructure required for this is poised for growth in the near future and the cost for this is expected to reduce significantly. This aids in increasing adoption of electric vehicles. Electric vehicle chargers are expected to increase in proportion with rising deployment of the infrastructure for charging in public facilities. Ensuring that the electric vehicle charging network operates efficiently and meets driver expectations is a crucial factor in maintaining future investment and support.
Electric vehicle charging infrastructure has seen substantial cost declines over the past several years due to innovative technological advancements and larger production scale. For instance, since 2009, the city of Amsterdam has seen the costs of their curb side charging stations fall from around US$ 14,600 to US$ 2,500 per station.

Global Electric Vehicle Charger Market: Regional Insights

Charging infrastructure in Europe have been constructed by private charge point providers, power companies, automakers, and government organizations, primarily at the national and city levels. Countries within the European Union have launched funding schemes or public-private partnerships to increase charging infrastructure.

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Global Electric Vehicle Charger (EVC) Market: Competitive Background
Major players operating in the EVC market are ABB Ltd., Robert Bosch GmbH, Siemens AG, Delphi Automotive, Chroma ATE, Aerovironment Inc., Silicon Laboratories, Chargemaster PLC, Schaffner Holdings AG, and POD Point.

Global Electric Vehicle Charger (EVC) Market: Taxonomy

On basis of Vehicle Type

• Battery Electric Vehicles (BEV)
• Plug-in Electric Vehicles (PIV)
• Hybrid Electric Vehicles (HEV)

On basis of Charging Type

• On-board Chargers
• Off-board Chargers

On basis of End Users

• Residential
• Commercial

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