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

Germany electric vehicle charger market is anticipated to grow at a CAGR over 21.0% during the forecast period, 2019-2025. The country is among the major market of the electric vehicle all across the globe. As per the Federal Motor Transport Authority (KBA), around 63,300 electric cars were sold in Germany in 2019, as compared to 36,000 in 2018. The share of the electric vehicle has increased from 1.05% in 2018 to 1.75% in the country in 2019. The high purchasing power, government incentive, presence of major market players are among the major factor for the growth of the electric vehicle market and so electric vehicle charger market. As per the Chancellor Office, the government will invest around $3.8 billion to develop charging stations in the country. The country targets to develop 50,000 publicly accessible charging stations in 2022.

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Key companies contributing to the market include ABB Ltd., Alfen N.V., ChargePoint, Inc., Engie, Leviton Manufacturing Co., Inc., Schneider Electric SE, Siemens AG, Tesla, Inc., TGOOD Global Ltd., Webasto SE, and others.

Germany electric vehicle charger market is segmented based on ownership, charger type, and connector type. Based on ownership, the market is segmented into public and private. Moreover, by charger type, the market is bifurcated into slow chargers and fast chargers. During the forecast period, fast chargers are expected to show a lucrative growth rate. As per the International Energy Agency, in 2018, out of 25,700, more than 23,100 were slow chargers whereas around 2,600 were fast chargers in the country. By connector type, the market is analyzed into AC connectors and DC connectors.

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AC connector market is further segmented into Type 1, Type 2 and other chargers, whereas the DC connector market is further segmented into CHAdeMO, Combined Charging System (CCS), Type 2 (Tesla) chargers. During the forecast period, DC connectors are expected to show a significant growth rate. The market players are considerably contributing to the market growth by the adoption of various 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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