Press release
Electric Car Battery Charger Market Offering Solutions, Application, Services And Industry Growth 2019-2025
The global electric car battery charger market is forecast to significantly benefit from increasing research and development of wireless charging pads. Wireless electric car battery charging could revolutionize the electric vehicle market, thus helping manufacturers to bank on some lucrative growth prospects. Strong government backing promoting the use of electric vehicles and electric vehicle chargers could further raise demand for electric car battery charger. In June 2019, Alameda Municipal Power in California, US announced that it will increase cash rebates for electric vehicle owners who have installed residential electric vehicle chargers.Advent of new solutions could also help increase the growth of the global electric car battery charger market. In June 2019, it was announced that GBatteries is looking to improve electric vehicle charging speeds by launching a new pulse charging-related solution that uses AI and certain algorithms.
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Manufacturers to Rely on Innovation and Collaboration Strategies to Gain Growth
The global electric car battery charger market marks the presence of top players such as Delphi Automotive PLC, General Electric Company, and Schneider Electric S.E. Players are foretold to concentrate on innovation to create effective solutions for common electric car battery charger problems such as those related to costs, efficiency, and compatibility. Innovation could be mainly focused on the development of fast charging solutions for electric vehicle owners.
By Charging Type
● Automatic
● Manual
By Charger Type
● Float Charger
● Smart Charger
● Trickle Charger
According to analysts, automatic charging is prognosticated to collect a significant revenue share of the global electric car battery charger market. Manual charging, on the other hand, could continue to lose its market share to automatic charging. Among charger types, float charger is projected to attract a commanding share of the global market.
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QYR Consulting established as a research firm in 2007 and have since grown into a trusted brand amongst many industries. Over the years, we have consistently worked toward delivering high-quality customized solutions for wide range of clients ranging from ICT to healthcare industries. With over 50,000 satisfied clients, spread over 80 countries, we have sincerely strived to deliver the best analytics through exhaustive research methodologies.
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