Sweden Electric Vehicle Charger Market Trends, Growth, Industry Analysis and Forecast 2025

Sweden electric vehicle charger market is anticipated to grow at a CAGR of over 23s% during the forecast period, 2019-2025. The country is among the leaders of the adoption of electric vehicles all across the globe. As per the International Trade Administration, nearly 8% of the vehicle fleet in the country is electric which was second highest after Norway globally. Considerable growth is attributed to the stringent target set by the government of the country. For instance, in 2017, the country announced reduction of CO2 reduction from transportation by 70% in 2030. The country also aims to reach zero greenhouse gas emissions by 2045.

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

The government is supporting the EV and its infrastructure market in various ways. The government has introduced 'Klimatklivet' program for the reduction of CO2 in the country. Under this program, grants up to 50% of the investment in both public and private investment is provided. The government has also allocated around $9.6 million for 'Charge at Home' program for the period of 2018 to 2020. Under the program, an individual can get up to 50% or $1,050 for hardware and installation cost of the home charger. Additionally, government also offer free parking to EV owners and free access to High-occupancy vehicle lane and bus lanes. In April 2018, a road for charging vehicle wirelessly was introduced in the country, first of its kind all across the globe. The length of the road is around 2 km, developed near Stockholm. Similar infrastructure is expected to be introduced in the near future in the country which will provide considerable opportunity to the market.

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Sweden 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. Moreover, by charger type, the market is bifurcated into slow chargers and fast chargers. 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. 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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