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European Electric Vehicle Charger Market Trends, Size, Competitive Analysis and Forecast - 2019-2025

10-14-2020 11:55 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

European Electric Vehicle Charger Market

European Electric Vehicle Charger Market

European electric vehicle charger market is forecast to grow at a CAGR of over 20.0% during the forecast period, 2019-2025. Major factors for the growth of the market include increasing share of electric vehicles in the regional total vehicle fleet, government initiatives such as subsidies and rebate, high awareness among people and the presence of major market players in the region. Countries are providing significant subsidies to promote electric vehicle sales. For instance, Germany is expected to increase its grants for plug-in hybrids from $3,300 to around $5,000 whereas for cars of prices over $44,000 the grant can be increased to more than $5,500. Some of the major electric vehicle companies working in the region include BMW AG, Audi AG, Ford Motors Co., Jaguar Land Rover, Tesla Inc., Volkswagen AG and so on. As per the International Energy Agency (IEA), around 1.2 million electric cars were on road in Europe with a growth of 385,000 in a year. As per an estimate by the IEA, around half of the vehicles sold in Europe will be an electric vehicle by 2030.

Request a free sample of our report on European Electric Vehicle Charger Market: https://www.omrglobal.com/request-sample/european-electric-vehicle-charger-market

European electric vehicle charger market is segmented on the basis of ownership, charger type, and connector type. By ownership, the market is further bifurcated into Public and Private. Public chargers are anticipated to grow at a considerable growth rate during the forecast period. By charger type, the market is divided into slow chargers and fast chargers. Due to government and private funding, the fast charger market is estimated to grow at the highest growth rate in the region. By connector type, the market is further divided into AC connectors and DC connectors. AC connector market is further divided into Type 1, Type 2 and other segments, whereas the DC connector market is segmented into CHAdeMO, Combined Charging System (CCS), Type 2 (Tesla). DC connectors are expected to show a considerable growth rate during the forecast period.

A full report of European Electric Vehicle Charger Market Is available at https://www.omrglobal.com/industry-reports/european-electric-vehicle-charger-market

European Electric Vehicle Charger Market Segmentation

By Ownership
• Public
• Private

By Charger Type
• Slow Charger
• Fast Charger

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

Regional Analysis
• Germany
• UK
• France
• Spain
• Italy
• Rest of Europe

Company Profiles
• ABB Ltd.
• Alfen N.V.
• Chargemaster Ltd.
• ChargePoint, Inc.
• Eaton Corp.
• Ecotap B.V.
• Engie
• Leviton Manufacturing Co., Inc.
• Schneider Electric SE
• Siemens AG

For more customized data, request for report customization @ https://www.omrglobal.com/report-customization/european-electric-vehicle-charger-market

Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404

About Us:
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting, and other research-based services.

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