About Electric Car Battery Charger
To charge electric vehicles, an electric vehicle battery charger is commonly used. It is a device that helps to transfer electricity from the power grid to charge electric vehicles such as plugin hybrid electric vehicles and battery electric vehicles. The electric vehicle battery charger industry aims to control battery charging and convert alternating current to direct current. These industries are concentrating their efforts on the production and development of various types of vehicle battery chargers. The widespread adoption of electric vehicles has made the global market reliant on them. Furthermore, various E.V. charger types, such as inductive, alternating current, and direct current chargers, have been developed for use in workplace charging, home charging, public or commercial charging.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
The market for Electric Car Battery Charger is highly competitive with several global as well as local players in the market. The global players are trying various strategies such as product innovation and using various marketing strategies to gain a higher market share. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Electric Car Battery Charger market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Kia Europe (Germany), ABB (Switzerland), Volkswagen (Germany), Infineon Technologies AG (Germany), Delta Electronics, Inc. (Taiwan), Alfen (Netherlands), Star Charge (China), SemaConnect (United States), Robert Bosch GmbH (Germany) and ClipperCreek Inc.(United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Avnet Abacus (United Kingdom), ZipCharge Limited (United Kingdom), Schneider Electric (France) and CALeVIP (United States).
Segmentation Overview
AMA Research has segmented the market of Global Electric Car Battery Charger market by Type (Trickle Charge, AC Charge and DC Charge), Application (Home charging and Public charging stations) and Region.
On the basis of geography, the market of Electric Car Battery Charger has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sales Channel, the sub-segment i.e. Direct will boost the Electric Car Battery Charger market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Control unit will boost the Electric Car Battery Charger market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Electric Car Battery Charger Market Dynamics:
Attributes | Details |
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Growth Drivers | - Increasing Consumer Awareness Regarding Carbon Emission From Vehicles
- Rise In Demand For Luxury And Feature Enabled Vehicles
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Influencing Trends | - Introduction And Popularity Of Electric Vehicles
- Increasing Investment in Research and Development Activities Related to Electric Car Battery Charger
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Restraints | - High Cost Associated With The Electric Vehicle Charger (EVC) And Charger
- Lack Of Adoption In Rural Areas
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Road Blocks / Challenges | - High Repair And Maintenance Cost Associated With Electric Vehicle Charger
- Intense Competition Among Players
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Gaps & Opportunities | - Surge Demand For Fuel-Efficient Vehicles Has Increased Due To Rise In Price Of Petrol And Diesel
- Growing Fuel-Efficient Technologies Will Create Opportunities For The Electric Vehicle Charger (EVC) And Charging System Market Growth
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On 30 November 2021, ABB is launching an innovative all-in-one Electric Vehicle (EV) charger, which provides the fastest charging experience on the market. ABB’s new Terra 360 is a modular charger which can simultaneously charge up to four vehicles with dynamic power distribution. and On 28 April 2022, Volkswagen and bp launched their strategic partnership that will boost the adoption of electric vehicles (EVs) across Europe, unveiling the first charger in Dusseldorf, Germany.
Key Target Audience
New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.