Press release
Electric Vehicle Charger Market Size, Share, Industry Trends And Growth Analysis Report By Type (Slow AC, Fast AC, Fast DC), By Charging Type (On-Board Charger, Off-Board Charger), By Application (Home, Office, Commercial) - Global Forecast 2023-2032
Electric Vehicle Charger Market Report
The Business Research Company presents an extensive market research report on the ""Electric Car Charger Global Market Report 2024,"" furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the electric car charger industry. This report on electric car charger market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The electric car charger market size has grown exponentially in recent years. It will grow from $5.54 billion in 2023 to $7.56 billion in 2024 at a compound annual growth rate (CAGR) of 36.3%. The electric car charger market size is expected to see exponential growth in the next few years. It will grow to $23.62 billion in 2028 at a compound annual growth rate (CAGR) of 33.0%.
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Key Market Players:
Leviton Manufacturing Co. Inc., ABB Group, Siemens AG, Schneider Electric Corp, AeroVironment Inc., are prominent players in the electric car charger industry.
Market Drivers:
According to the Electric Car Charger Market Report 2024 by The Business Research Company, the key factors driving the growth of the electric car charger market, includes the increasing demand for electric vehicles owing to growing environmental awareness. 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. Therefore, the increasing sales of electric vehicles drive the growth of the electric car chargers market.
More information about the Global Electric Car Charger Market Report -
https://www.thebusinessresearchcompany.com/report/electric-car-charger-global-market-report
Market segments for electric car charger include:
1) By Type: Slow AC, Fast AC, Fast DC
2) By Charging Type: On-board Charger, Off-board Charger
3) By Application: Home, Office, Commercial
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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Browse More Reports:
Electric Cars Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/electric-cars-global-market-report
Electric Vehicle Charger Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/electric-vehicle-charger-global-market-report
Electric Vehicle Charging Stations Equipment Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/electric-vehicle-charging-stations-equipment-global-market-report
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