Press release
Key Influencer in the Electric Mobility Chargers Market 2025: The Adoption Of Energy-Efficient Vehicles Is Driving Growth In The Electric Mobility Chargers Market Driver
Electric Mobility Chargers
The proliferation of energy-saving vehicles is seen positively impacting the progress of the electric mobility chargers market. This penchant for energy-efficient vehicles stems from their contribution to lower greenhouse gas emissions, improved energy efficiency, enhanced energy security, optimized grid efficiency, and the implementation of sustainable policies. Electric mobility chargers are crucial to powering these eco-friendly vehicles, paving way to sustainable transport by delivering the needed energy for electric and hybrid vehicles to function. For instance, data from the International Energy Agency, a self-governing intergovernmental organization based in France, showed that over 2.3 million electric cars were bought in the first quarter of 2023, registering a 25% surge from the same timeframe in 2022. By 2023's end, purchases are projected to hit 14 million, marking a 35% year-on-year rise, with the momentum expected to pick up in the latter half of the year. Thus, the increasing preference for energy-efficient vehicles is fuelling the expansion of the electric mobility chargers market.
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What growth opportunities are expected to drive the electric mobility chargers market's CAGR through 2034?
The market size for electric mobility chargers has experienced significant expansion in the past few years. From 2024 to 2025, the market is projected to grow from $14.33 billion to $18.33 billion, which signifies a compound annual growth rate (CAGR) of 27.9%. The previously observed growth can be ascribed to various factors including an increase in carbon emissions, a higher demand for electric cars, a noticeable increase in greenhouse gas emissions from transportation, government initiatives and incentives, and a rise in the adoption of automotive electrification.
The size of the electric mobility chargers market is predicted to rise dramatically in the coming years, reaching $49.36 billion by 2029 with a compound annual growth rate (CAGR) of 28.1%. Factors contributing to growth in the forecasted period include the increasing need for establishing charging infrastructure, a surge in the use of energy-efficient vehicles, growing concerns regarding global warming, mounting demand for eco-friendly transportation methods, and urban development. Key trends during this period are projected to be the production of electric vehicle supply equipment (EVSE), incorporation of cutting-edge technologies, development in charging technologies, product innovation, and the progress in electric mobility networks.
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What are the emerging trends shaping the future of the electric mobility chargers market?
Leading businesses in the electric mobility chargers industry are cultivating advanced technologies like liquid-cooled charging systems to secure a competitive advantage. Liquid cooling is applied in charging systems to control and minimize heat production during electric vehicle charging sessions. For example, in November 2023, Lotus Cars Ltd, a British manufacturer of sports and racing cars, introduced Lotus' EV Charging Solutions, a new range of EV charging technologies which include a super-fast 450 kW DC charger, a power cabinet, and a module that leverages liquid-cooled technologies. This power cabinet module is ideally suited for areas that demand high energy, thus boosting efficiency and reducing charging duration such as highway rest areas. It provides a power output reaching 480 kW and houses a charging terminal capable of charging up to four vehicles simultaneously.
Which growth-oriented segments of the electric mobility chargers market are leading the industry's development?
The electric mobility chargers market covered in this report is segmented -
1) By Product: Electric Bikes; Electric Scooters; Electric Motorized Scooters; Electric Motorcycles
2) By Drive: Belt Drive; Chain Drive; Hub Drive
3) By Battery: Lead Acid Battery; Li-Ion Battery; Other Battery
4) By End-User: Commercial; Residential; Industrial
Subsegments:
1) By Electric Bikes: Standard Electric Bikes (Pedal Assist); High-Power Electric Bikes; Folding Electric Bikes; Electric Mountain Bikes; Electric Road Bikes; Cargo Electric Bikes
2) By Electric Scooters: Stand-Up Electric Scooters; Foldable Electric Scooters; Long-Range Electric Scooters; Off-Road Electric Scooters; Electric Scooters For Sharing Systems
3) By Electric Motorized Scooters: Low-Speed Electric Motorized Scooters; High-Speed Electric Motorized Scooters; Compact Electric Motorized Scooters; Heavy-Duty Electric Motorized Scooters; Electric Motorized Scooters For Disabled Users
4) By Electric Motorcycles: Urban Electric Motorcycles; Sports Electric Motorcycles; Cruiser Electric Motorcycles; Touring Electric Motorcycles; High-Performance Electric Motorcycles
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What regions are leading the charge in the electric mobility chargers market?
Asia-Pacific was the largest region in the electric mobility chargers market in 2024. The regions covered in the electric mobility chargers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What companies are at the forefront of innovation in the electric mobility chargers market?
Major companies operating in the electric mobility chargers market are Siemens AG, Schneider Electric SE, ABB Ltd., Fortum Corporation, Bharat Electronics Limited, Leviton Manufacturing Company Inc., Exide Industries, Luminous Power Technologies, Karma Automotive LLC, Wallbox, EVBox BV, Tritium Ltd., Exicom Tele-Systems Ltd., ChargePoint Holdings Inc., Blink Charging Ltd., Volta Inc., Servotech Power Systems Ltd., Electrify America LLC, Tirex Chargers Pvt Ltd., Meras Plugins Pvt Ltd., AARGO Inc., Fermata Energy LLC
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What Is Covered In The Electric Mobility Chargers Global Market Report?
•Market Size Forecast: Examine the electric mobility chargers market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the electric mobility chargers market for a structured understanding.
•Key Players Overview: Analyze major players in the electric mobility chargers market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the electric mobility chargers market.
•Segment Contributions: Evaluate how different segments drive overall growth in the electric mobility chargers market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the electric mobility chargers market.
•Industry Challenges: Identify potential risks and obstacles affecting the electric mobility chargers market.
•Competitive Landscape: Review strategic developments in the electric mobility chargers market, including expansions, agreements, and new product launches.
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