Brazil Electric Vehicle Charger Market Trends, Key Players, Size, Share, Growth and Forecast 2025

Brazil electric vehicle charger market is anticipated to grow at a CAGR of over 12.0% during the forecast period, 2019-2025. Brazil is a small market for the electric vehicle charger market as electric vehicle sales are low in Brazil as compared to other countries. As per the International Energy Agency, around 430 electric cars were sold in Brazil in 2018 as compared to 360 in 2017. However, people in the country still prefer IC engine vehicles over the electric vehicle due to the absence of any major subsidy on electric vehicle or government target of employing electric vehicles on the road. In 2018, there were only 460 publicly accessible chargers in the country out of which only 5 were fast chargers. A new regulation was approved in June 2018 by the Brazilian Electricity Regulatory Agency (ANEEL) to simplify the new regulation for the installation of electric vehicle charging stations in the country. This is likely to transform the electric vehicle charger industry of the country.

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Major players operating in the country's electric vehicle charger market include ABB Ltd., Efacec, Engie, Siemens AG, Webasto SE, and others.

Brazil electric vehicle charger market is segmented on the basis of ownership, charger type, and connector type. Based on ownership, the market is segmented into public and private whereas, by charger type, the market is bifurcated into slow chargers and fast chargers. Fast chargers are expected to show considerable growth during the forecast period. By connector type, the market is analyzed into AC connectors and DC connectors. AC connector market is further segmented into Type 1, Type 2 and other chargers, and the DC connector segment is further divided into CHAdeMO, Combined Charging System (CCS), Type 2 (Tesla) chargers.

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Some of the major automotive companies active in the country include BMW, Volvo, Toyota, General Motors and so on. The market players are significantly working in the market growth by the adoption of multiple growth strategies including new product launch, merger, and acquisition, collaborations with government, and technological advancements to stay competitive in the market.

Market Segmentation

Electric Vehicle Charger Market by Ownership

o Public
o Private

Electric Vehicle Charger Market by Charger Type

o Slow Charger
o Fast Charger

Electric Vehicle Charger Market by Connector Type

o AC Connectors
o Type 1
o Type 2
o Other (Domestic Socket)
o DC Connectors
o Combined Charging System (CCS)
o Type 2 (Tesla)

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