Beyond 2023: A Look into the Future of the Portable EV Charger Market, with Forecasts to 2028

How Big is Portable EV Charger Market ? :

IMARC Group's latest report, titled "Portable EV Charger Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", offers a comprehensive analysis of the industry, which comprises insights on the portable EV charger market demand. The report also includes competitor and regional analysis, and contemporary advancements in the market. the global portable EV charger market size reached US$ 35.6 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 105.2 Million by 2028, exhibiting a growth rate (CAGR) of 19.70% during 2023-2028.

Portable EV Charger Trends :

A portable Electric Vehicle (EV) charger is a compact and versatile device that provides on-the-go charging for electric cars. This innovative solution caters to the increasing popularity of electric vehicles by offering convenience and flexibility. These chargers are typically lightweight and easy to carry, allowing EV owners to recharge their vehicles at various locations, whether at home, work, or on a road trip. Equipped with various plug options and adaptable to standard electrical outlets, portable EV chargers ensure compatibility with different charging infrastructures. This mobility enhances the practicality of electric vehicles, promoting their adoption by addressing concerns related to charging infrastructure accessibility and contributing to the overall sustainability of transportation.

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Who are the key Players of Portable EV Charger Market ? :

• Blink Charging Co.
• Evteq Mobility Private Limited
• Freewire Technologies Inc
• Guangzhou Electway Technology Co. Ltd
• Heliox Energy Ltd
• JTM Power Limited
• Power-Sonic Corporation
• Shenzhen Setec Power Co. Ltd

What are the Growth Prospects and Trends in the Portable EV Charger Industry ? :

The global market is majorly driven by the increasing adoption of electric vehicles worldwide. As more individuals embrace sustainable transportation, the demand for portable chargers rises, providing an accessible solution for EV owners to charge their vehicles conveniently. Furthermore, the growing awareness of environmental sustainability and governmental initiatives promoting electric vehicle usage contribute significantly. Incentives, subsidies, and regulations favoring clean energy solutions encourage consumers to opt for electric vehicles, thereby boosting the demand for portable chargers. Moreover, the versatility and convenience of portable EV chargers play a crucial role. The ability to charge vehicles at home, the workplace, or during travel addresses concerns about charging infrastructure limitations, making electric vehicles a more attractive option for a broader audience. Additionally, technological advancements enhancing the efficiency and speed of portable chargers contribute to market growth. Faster charging times and compatibility with various EV models further drive consumer confidence in the viability of electric vehicles.

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Key Market Segmentation:

Type Insights:

• AC
• DC

Application Insights:

• Passengers Cars
• Commercial Vehicles

Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.