DC Chargers Market Size is Expected to Reach $221.31 Billion by 2030
According to the report published by Allied Market Research, the global DC chargers market was estimated at $67.40 billion in 2020 and is expected to hit $221.31 billion by 2030, registering a CAGR of 13.2% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.
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The outbreak of the pandemic led to distorted operations in the production and manufacturing industries. Also, European countries under lockdown suffered a major loss of business and revenue, due to shutdown of manufacturing units in the region. These factors gave way to a steep decrease in demand for DC chargers across the globe.
However, government bodies in different countries have now slackened off the existing regulations, and the market is expected to revive soon.
The global DC chargers market is analyzed across power output, end use, and region. Based on power output, the 10 kW To 100 kW segment accounted for nearly half of the total market share in 2020, and is anticipated to lead the trail by the end of 2030. The same segment would also cite the fastest CAGR of 13.80% from 2021 to 2030.
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Based on end use, the industrial segment contributed to more than half of the total market revenue in 2020, and is expected to dominate by 2030. The automotive segment, on the other would manifest the fastest CAGR of 30.70% throughout the forecast period.
Based on region, Asia-Pacific held the major share in 2020, garnering nearly one-third of the global DC chargers market. The region would also register the fastest CAGR of 14.10% during the forecast period. The other provinces studied in the report include North America, Europe and LAMEA.
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The key market players analyzed in the global DC chargers market report include AEG Power Solutions, Bori S.p.A., Siemens AG, Delta Electronics, Inc., ABB Ltd., Helios Power Solutions Group, Kirloskar Electric Company Ltd, Hitachi Hi-Rel Power Electronics Private Ltd., Phihong Technology Co., Ltd, and Statron Ltd. These market players have incorporated several strategies including partnership, expansion, collaboration, joint ventures, and others to brace their stand in the industry.
Key Market Segments
By Power Output
• Less Than 10 kW
• 10 Kw To 100 kW
• Greater Than 100 kW
By End Use
• Consumer Electronics
• North America
o Rest of Europe
o South Korea
o Rest of Asia-Pacific
o Latin America
o Middle East
Read More https://www.alliedmarketresearch.com/dc-chargers-market-A09374
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Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.
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