Press release
Electric Car Charger Market Share, Growth Analysis, Trends And Industry Forecast To 2032
Electric Car Charger Market
The Business Research Company's Electric Car Charger Global Market Report 2023 identifies increasing demand for electric vehicles as the major driver for the Electric Car Charger market's growth in the forecast period. The world is moving towards electrified transportation to reduce the emissions of pollution from non-renewable fossil fuel vehicles and to offer transport as a substitute for costly fuel. For instance, according to May 2022 published, Global EV Outlook 2022 report, electric vehicle (EV) sales had doubled from the previous year in 2021, reaching a new high of 6.6 million. Additionally, the sales of electric car vehicles worldwide in 2021 have reached 6600000 units from 2980000 units.
The global electric car charger market size grew from $4.03 billion in 2022 to $5.54 billion in 2023 at a compound annual growth rate (CAGR) of 37.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The electric car charger market size is expected to grow to $18.49 billion in 2027 at a CAGR of 35.2%.
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Major competitors in the Electric Car Charger market are Leviton Manufacturing Co. Inc., ABB Ltd., Siemens AG, Schneider Electric Corp, AeroVironment Inc., Eaton, Evatran LLC, Tesla Motors Inc.
A key trend in the Electric Car Charger market includes growing technological advancements. Major companies operating in the electric car charger sector are focusing on developing technologically advanced solutions for electric car chargers. For instance, in February 2020, the Bengaluru-based start-up, Kirana Charzer, launched an electric vehicle charger that can be mounted in small stores and businesses to accelerate the expansion of the electric vehicle charging network in the region.
Read More On The Global Electric Car Charger Market Report Here:
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The Electric Car Charger market is segmented -
• By Type: Slow AC, Fast AC, Fast DC
• By Charging Type: On-board Charger, Off-board Charger
• By Application: Home, Office, Commercial
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Electric Car Charger market.
The Business Research Company's "Global Electric Car Charger Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
Explore Buying Options For The Electric Car Charger Market Report Here:
https://www.thebusinessresearchcompany.com/report/electric-car-charger-global-market-report
The Table Of Content For The Electric Car Charger Market Include:
1. Executive Summary
2. Electric Car Charger Market Characteristics
3. Electric Car Charger Market Trends And Strategies
4. Electric Car Charger Market - Macro Economic Scenario
5. Electric Car Charger Market Size And Growth
……………………………………………………………………..
26. Africa Electric Car Charger Market
27. Electric Car Charger Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Electric Car Charger Market
29. Electric Car Charger Market Future Outlook and Potential Analysis
30. Appendix
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