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Establishment of Electric Vehicle Chargers Market on Full Swing, The System To Be Enlarged | $1,786 billion, CAGR of 37.5% by 2023 | Key Player: ABB Ltd., Robert Bosch, Siemens, Delphi Automotive, Chroma ATE, Aerovironment, Silicon Laboratories, Chargemas

02-25-2020 06:01 PM CET | Energy & Environment

Press release from: Allied Market Research

Electric Vehicle (EV) Chargers Market 2020-2030

Electric Vehicle (EV) Chargers Market 2020-2030

Electric Vehicle (EV) Chargers Market 2020-2030: The key players profiled in the Electric Vehicle Chargers Market report include ABB Ltd., Robert Bosch GmbH, Siemens AG, Delphi Automotive, Chroma ATE, Aerovironment Inc., Silicon Laboratories, Chargemaster PLC, Schaffner Holdings AG, and POD Point.

Government regulations regarding the use of electric vehicles to curb the environmental pollution drives the demand for electric vehicles, which boosts the market. Further, rise in demand for electric vehicles is also expected to fuel the market growth. However, high price of such electric vehicles and lack of presence EV chargers at public places is anticipated to hinder the growth of the market.

Download Report Sample (163 Pages PDF) at https://www.alliedmarketresearch.com/request-sample/4084

Asia-Pacific dominates this market presently, followed by North America. In 2016, China dominated the market in Asia-Pacific; similarly, the UK led the overall market in the European region. The U.S. is dominating the market in North America presently.

The global electric vehicle chargers market was valued at $163 billion in 2016, and is projected to reach at $1,786 billion by 2023, growing at a CAGR of 37.5% from 2017 to 2023.

In 2016, the on-board chargers segment dominates the global electric vehicle chargers in charging type segment, in terms of revenue. However, based on vehicle type, hybrid electric vehicle led the global market followed, by plug-in hybrid electric vehicle in 2016.

Commercial users segment led the electric vehicle chargers market by end user in 2016. However, residential users segment is anticipated to depict highest CAGR throughout the forecast period.

Inquire more about this report @ https://www.alliedmarketresearch.com/purchase-enquiry/4084

Top Impacting Factors Such as -
o Government Regulations to Curb Environment Pollution
o Rise in Market Penetration Of Electric Vehicles
o Growth in Disposable Income of Population
o Lack of Standardization of EV Charging
o Surge in Demand for Luxury Vehicles

Key Findings of the Electric Vehicle Chargers Market:
o On-board chargers generated the highest revenue of the global electric vehicle chargers market in 2016.
o In 2016, the hybrid electric vehicle type generated the highest revenue among the electric vehicle chargers market.
o Asia-Pacific is anticipated to exhibit a highest CAGR during the forecast period.
o In 2016, the commercial end user segment contributed the highest market shares in the electric vehicles chargers market.

Access full summary report @ https://www.alliedmarketresearch.com/electric-vehicle-charger-EVC-market

Asia-Pacific is expected to lead the global electric vehicle chargers market throughout the forecast period, followed by North America. LAMEA is expected to grow at a lowest rate during the forecast period. Furthermore, China dominates the electric vehicle chargers market in Asia-Pacific, similarly, the U.S. dominates the electric vehicle charger market in North America and UK leads the electric vehicle chargers market in European region.

Emerging trends in the world of autonomous vehicles | https://roboticsandautomationnews.com/2020/01/03/emerging-trends-in-the-world-of-autonomous-vehicles/28108/

Installation of electric vehicle chargers on full swing, the network to be widened | https://europeanbusinessmagazine.com/business/installation-electric-vehicle-chargers-full-swing-network-widened/

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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