China Electric Vehicle Charger Market Industry Analysis, Growth, Size, Share, Trends and Forecast 2025

China electric vehicle charger market is anticipated to grow at a CAGR of over 26.0% during the forecast period, 2019-2025. The country is the largest market of electric vehicles and charging points across the globe. It was due to significant government incentives on the electric vehicles, however, a major decline in subsidies has been witnessed in July 2019 due to which a downfall in sales has been registered in the country. As per the China Association of Automobile Manufacturers (CAAM), the electric vehicles sales for 2019 was 1.21 million as compared to 1.26 million in 2018. However, stringent policies against IC engine vehicles, the commencement of production by Tesla in the country are some of the major factors which are making China the largest market of electric vehicles during the forecast period. Moreover, the government is aiming to create better infrastructure for the electric vehicles which majorly include charging infrastructure. Local government is also providing considerable incentives to people for developing private charging stations, thereby, supporting the market growth in the country.

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Major players operating in the market include Zhejiang Young Energy Technology Co., Ltd, ABB Ltd., Tesla, Inc., Webasto SE, ShenZhen SETEC Power Co., Ltd., XCharge, Inc., Qingdao TELD NEW ENERGY Co., Ltd. (TGOOD), Chengdu Khons Technology Co., Ltd., and others.

As the country is the largest market of electric vehicles, the country has the highest demand for electric chargers too. As per the International Energy Agency, the country has a plan to create 4.3 million electric vehicles charging point, and 500,000 publicly accessible chargers by 2020. As per Electric Vehicle Charging Infrastructure Promotion Alliance, the country has surpassed 1 million charging points in June 2019 with a growth of around 70% on a year-on-year basis. Out of this, around 412,000 are public whereas 590,000 were private charging points.

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China 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. By charger type, the market is bifurcated into slow chargers and fast chargers. Slow chargers had a major market share in 2018 in the country. By connector type, the market is analyzed into AC connectors and DC connectors. AC connector market is further divided into Type 1, Type 2 and other chargers, whereas the DC connector market is further divided into CHAdeMO, Combined Charging System (CCS), Type 2 (Tesla) chargers. Some of the most common chargers in the country include Type 1, GB/T 20234 AC level 2 charger and GB/T 20234 DC chargers. The market players are contributing significantly 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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