Press release
Electric Car Chargers Market is Estimated to Reach USD 12.53 billion by 2030: Cognitive Market Research
Electric Car Chargers Market is Estimated to Reach USD 12.53 billion by 2030: Cognitive Market Research
- An Electric Car Charger is a piece of equipment that provides electricity to electric cars. Its primary function is to replenish the battery of an electric vehicle in order to keep it moving. An electric car's charging time is determined by the size of the battery and the charging speed of the carport. The larger the battery in the automobile, the longer it takes to charge from empty to full.
Summary:
- Global Electric Car Chargers market is expected to grow from USD 2.5 billion in 2023 to USD 12.53 billion by 2030, at a CAGR of 16.49 %. The demand for electric car chargers has been growing in recent years with the growing electric car sales. Currently, governments of many countries are inclining towards the sustainable transport solution.
To know more The Electric Car Charger Market statistics click here: https://www.cognitivemarketresearch.com/electric-car-chargers-market-report
Market Dynamics:
- Currently, a lot of individuals are leaning toward buying electric cars. The IEA estimates that just 120 000 electric cars were marketed globally in 2012, but 6.6 million will be sold by 2021. Global sales of electric vehicles continued to rise quickly in 2022, with 2 million sold in the first quarter, a 75% increase over the same period in 2021. This boosts the demand for electric car chargers.
However, unavailability of the charging stations at the required distance can hamper the growth of the market. Nonetheless, With the increasing concern over the associated impact of greenhouse gasses on the environment, governments across the world are actively involved in taking measures against it. Several regulations have been imposed on carbon dioxide emission in order to reduce the emission of CO2 across the world. This will provide enormous opportunities for the growth of the market.
Market Segmentation:
- Type:
• Slow AC
• Fast AC
• Fast DC
- Level Types:
• Level 1
• Level 2
• Level 3
Level 1:
Level 1 chargers are ordinary and portable 110-volt chargers that can be used anywhere by plugging them into an electrical outlet. They charge 4 miles per hour every hour. Level 1 chargers are extremely sluggish; it takes over 9 hours to charge a 40-mile electric vehicle.
Level 2:
This level allows for charging to be completed 4-5 times faster than level 1. The cars are powered by a 240-volt device. Charging for an hour will get you up to 20 miles. Users may charge at home, but there are also numerous public charging stations, such as shopping malls and public parks.
Level 3:
This level has 480 volts of electricity, making it the most powerful and quickest charging option available. It charges to 80% in 20-30 minutes. It converts AC electricity to DC power, which is then stored in EV batteries.
- Application:
• Battery Electric Vehicles
• Plug-In Hybrid Electric Vehicles
• Hybrid Electric Vehicles
Based on application, the battery electric vehicles segment dominates the growth of the market. This is attributed to the rise in the number of battery-operated electric cars.
- Competitive Analysis for Electric Car Charger Market: Chargepoint, ABB, Eaton, Leviton, Blink, Schneider Electric, Siemens, General Electric, AeroVironment, Panasonic, Chargemaster, Elektromotive, Clipper Creek, DBT CEV, Pod Point, BYD, NARI, Xuji Group, Potivio, Auto Electric Power Plant, Ruckus New Energy Tech, Huashang Sanyou, Wanbang, Qingdao Telaidian.
Get free sample pages of latest published Electric Car Charger Market Report: https://www.cognitivemarketresearch.com/electric-car-chargers-market-report
Regional Analysis:
- Geographically, the global electric car chargers market is divided into regions like North America, Europe, Asia Pacific, Latin America, and Middle-east Countries. Asia Pacific dominates the electric car chargers market owing to the rising number of electric vehicles, rising disposable income, rising environmental consciousness, rising government support, and many others.
News:
- In July 2021, the team at Hacksmith Industries created world's brightest outsized electric car chargers. The Hacksmith Industries team has developed a torch that can emit over 500,000 lumens of light! Here's how Chris and James built this beam, which is an absolute monster.
Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Electric Car Chargers Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Electric Car Chargers Market Segmentation
1.5.1 Electric Car Chargers Market Regional Fragmentation
1.5.1 Electric Car Chargers Market Players
• 1.6 Report Duration
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Electric Car Chargers Market
• 3.1 Global Electric Car Chargers Market Size 2018 - 2030, (USD Million)
• 3.2 Global Electric Car Chargers Market Statistics 2022: Snapshot
Chapter 4 Global Electric Car Chargers Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Qualitative Analysis
Chapter 7 Company Profiling (Subject to Availability)
Chapter 8 Global Electric Car Chargers Market by Type Segmentation Analysis (2018-2030)
Chapter 9 Global Electric Car Chargers Market by Application Segmentation Analysis (2018-2030)
Chapter 10 Global Electric Car Chargers Market by By Level Types Segmentation Analysis (2018-2030)
Chapter 11 Global Electric Car Chargers Market Regional Analysis
Chapter 12 North America Electric Car Chargers Market Outlook (2018 - 2030)
Chapter 13 Europe Electric Car Chargers Market Outlook (2018 - 2030)
Chapter 14 Asia Pacific Electric Car Chargers Market Outlook (2018 - 2030)
Chapter 15 Latin America Electric Car Chargers Market Outlook (2018 - 2030)
Chapter 16 Middle East and Africa Electric Car Chargers Market Outlook (2018 - 2030)
Chapter 17 Research Findings
To know more Electric Car Charger Market TOC click here: https://www.cognitivemarketresearch.com/electric-car-chargers-market-report#table_of_contents
Related Reports:
• Battery Tester Market- https://www.cognitivemarketresearch.com/battery-testers-market-report
• Lithium-Ion Battery Market- https://www.cognitivemarketresearch.com/lithium-ion-battery-market-report
• Wireless Charging Market- https://www.cognitivemarketresearch.com/wireless-charging-market-report
• Electric Vehicle Charger Market- https://www.cognitivemarketresearch.com/electric-vehicle-charger-market-report
• Electric Vehicle Supply Equipment Market- https://www.cognitivemarketresearch.com/electric-vehicle-supply-equipment-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
20 N State Street,Chicago,
Illinois, 60602
United States
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Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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