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

UK electric vehicle charger market is forecast to augment at a CAGR of over 18.0% during the forecast period, 2019-2025. Government subsidies on the electric vehicle, and on charging infrastructure is one of the major factors augmenting the market growth in the country. A maximum grant up to $4,550 can be availed by the individual while buying an electric car in the country whereas a subsidy up to $10,400 can be availed on purchasing an electric van. Along with that, an individual can also avail various tax rebates.

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

Under Electric Vehicle Home Charge Scheme (OLEV) government also provides a subsidy up to 75% (or $650 whichever is minimum) of the total purchase and installation cost of one electric vehicle charger at the home. Under Workplace Chargepoint Grant, a company can avail a subsidy up to 75% (or $650 whichever is minimum) for each socket. Each company can install up to 20 sockets. Apart from this, various local authorities offer additional subsidies and tax rebates to the individuals for purchasing electric cars and installing electric chargers. All these subsidies will aid the country to achieve the target of net zero carbon dioxide emission by 2050.

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UK electric vehicle charger market is studied 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. 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, 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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