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Electric Vehicle Charger Market to Grow at a CAGR of 28.35% by 2025| Vendors should Focus on Grabbing Business Opportunities from the Residential Segment | Technavio

·4 min read

NEW YORK, Nov. 23, 2021 /PRNewswire/ -- The electric vehicle charger market vendors should focus on grabbing business opportunities from the residential segment as it accounted for the largest market share in the base year.

Attractive Opportunities in Electric Vehicle Charger Market by End-user, Type, and Geography - Forecast and Analysis 2021-2025
Attractive Opportunities in Electric Vehicle Charger Market by End-user, Type, and Geography - Forecast and Analysis 2021-2025

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The market is anticipated to witness a healthy growth at a CAGR of 28.35%. This growth can be attributed to government incentives and subsidies for EV charging infrastructure developments and increasing EV sales through tax incentives pushing demand for well-built EV charger infrastructure.

Read the 120-page report with TOC on "Electric Vehicle Charger Market Analysis Report by End-user (residential and commercial), Type (slow charger and fast charger), and Geography (APAC, North America, Europe, South America, and MEA) Forecasts 2021-2025": https://www.technavio.com/report/electric-vehicle-charger-market-industry-analysis

The electric vehicle charger market share growth by the residential segment will be significant during the forecast period. The residential segment of the global EV charger market accounted for the highest volume and had attracted many new entrants in the market. Many models of EV chargers are currently available as the demand for residential overnight charging is increasing.

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Major Five Electric Vehicle Charger Companies:

  • ABB Ltd.

  • AddEnergie Technologies Inc.

  • AeroVironment Inc.

  • Chargemaster Ltd.

  • ChargePoint Inc.

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Electric Vehicle Charger Market End-user Outlook (Revenue, th units, 2020-2025)

  • Residential - size and forecast 2020-2025

  • Commercial - size and forecast 2020-2025

Electric Vehicle Charger Market Type Outlook (Revenue, th units, 2020-2025)

  • Slow charger - size and forecast 2020-2025

  • Fast charger - size and forecast 2020-2025

Electric Vehicle Charger Market Geography Outlook (Revenue, th units, 2020-2025)

  • APAC - size and forecast 2020-2025

  • North America - size and forecast 2020-2025

  • Europe - size and forecast 2020-2025

  • South America - size and forecast 2020-2025

  • MEA - size and forecast 2020-2025

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Related Reports on Consumer Discretionary Include:

Hybrid and Electric Vehicle On-Board Charger Market by Type and Geography - Forecast and Analysis 2021-2025

Global Vehicle to Grid Chargers Market

Electric Vehicle Charger Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 28.35%

Market growth 2021-2025

26825.74 thousand units

Market structure

Fragmented

YoY growth (%)

24.79

Regional analysis

APAC, North America, Europe, South America, and MEA

Performing market contribution

APAC at 44%

Key consumer countries

China, US, Germany, France, and The Netherlands

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

ABB Ltd., AddEnergie Technologies Inc., AeroVironment Inc., Chargemaster Ltd., ChargePoint Inc., Electricite de France SA, Evatran Group Inc., Leviton Manufacturing Co. Inc., Robert Bosch GmbH, and Webasto SE

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization preview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Technavio (PRNewsfoto/Technavio)
Technavio (PRNewsfoto/Technavio)
Cision
Cision

View original content to download multimedia:https://www.prnewswire.com/news-releases/electric-vehicle-charger-market-to-grow-at-a-cagr-of-28-35-by-2025-vendors-should-focus-on-grabbing-business-opportunities-from-the-residential-segment--technavio-301430884.html

SOURCE Technavio

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