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Electric Vehicle Charger Market by Vehicle Type, Charging Type and End User: Global Opportunity Analysis and Industry Forecast, 2020-2027

  • ID: 5118817
  • Report
  • April 2020
  • Region: Global
  • 250 pages
  • Allied Analytics LLP

FEATURED COMPANIES

  • ABB Ltd.
  • Aerovironment Inc.
  • Chargemaster PLC
  • Chroma ATE
  • Delphi Automotive
  • POD
  • MORE
Electric vehicle chargers are used to provide charging to electric vehicles with a battery and the electrical source that helps to charge the battery. Currently, there are three different modes of charging available in the market, namely, level 1, level 2, and DC fast charging. Level 1 and Level 2 charging are the types of AC mode of charging, which charge the vehicle at 120 volts and 240 volts, respectively. Such chargers can be installed at home or at public places as per the individual’s requirements. Surge in demand for luxury and high-end electric vehicles is one of the major drivers of EV chargers in the market. Further, stringent government regulations to curb carbon emission are expected to boost market growth.

The electric vehicle chargers market is driven by factors such as government regulations to limit environment pollution, increase in market penetration of electric vehicles, and surge in government initiatives for development of electric vehicle charging infrastructure. However, limited number of EV charging stations and lack of standardization of EV charging restrict market growth. Moreover, a rise in demand for luxury and feature enabled vehicles, and wireless charging for electric vehicles creates lucrative growth opportunities for the market.

The electric vehicle chargers market is segmented on the basis of vehicle type, charging type, end user, and region. By vehicle type, it is divided into battery electric vehicles (BEV), plug-in electric vehicles (PHEV), and hybrid electric vehicles (HEV). By charging type, it is bifurcated into on-board chargers and off-board chargers. The end user segment includes residential and commercial EV chargers. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key players operating in the market include ABB Ltd., Robert Bosch GmbH, Siemens AG, Delphi Automotive, Chroma ATE, Aerovironment Inc., Silicon Laboratories, Chargemaster PLC, Schaffner Holdings AG, and POD Point.

KEY BENEFITS FOR STAKEHOLDERS
  • This study comprises analytical depiction of the electric vehicle chargers market with current trends and future estimations to depict the imminent investment pockets.
  • The overall market potential is determined to understand the profitable trends to gain a stronger coverage in the market.
  • The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
  • The current market is quantitatively analyzed from 2019 to 2027 to highlight the financial competency of the market.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers.
KEY MARKET SEGMENTS

By Vehicle Type
  • Battery Electric Vehicle (BEV)
  • Plug-in Hybrid Electric Vehicle (PHEV)
  • Hybrid Electric Vehicle (HEV)
By Charging Type
  • On-board Chargers
  • Off-board Chargers
By End User
  • Residential
  • Commercial
By Region
  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • UK
  • Germany
  • France
  • Netherlands
  • Norway
  • Rest of Europe
  • Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa
Key Market Players
  • ABB Ltd.
  • Robert Bosch GmbH
  • Siemens AG
  • Delphi Automotive
  • Chroma ATE
  • Aerovironment Inc.
  • Silicon Laboratories
  • Chargemaster PLC
  • Schaffner Holdings AG
  • POD Point
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • ABB Ltd.
  • Aerovironment Inc.
  • Chargemaster PLC
  • Chroma ATE
  • Delphi Automotive
  • POD
  • MORE
Chapter 1: Introduction
1.1. Report Description
1.2. Key Benefits for Stakeholders
1.3. Key Market Segments
1.4. Research Methodology
1.4.1. Primary Research
1.4.2. Secondary Research
1.4.3. Analyst Tools and Models

Chapter 2: Executive Summary
2.1. Cxo Perspective

Chapter 3: Market Overview
3.1. Market Definition and Scope
3.2. Key Findings
3.2.1. Top Impacting Factors
3.2.2. Top Investment Pockets
3.2.3. Top Winning Strategies
3.3. Porter’S Five Forces Analysis
3.4. Market Share Analysis (2019)
3.5. Market Dynamics
3.5.1. Drivers
3.5.1.1. Government Regulations to Limit Environment Pollution
3.5.1.2. Increase in Market Penetration of Electric Vehicles
3.5.1.3. Increase in Government Initiatives for Development of Electric Vehicle Charging Infrastructure
3.5.2. Restraints
3.5.2.1. Limited Number of Ev Charging Stations
3.5.2.2. Lack of Standardization of Ev Charging
3.5.3. Opportunities
3.5.3.1. Surge in Demand for Luxury and Feature Enabled Vehicles
3.5.3.2. Wireless Charging for Electric Vehicles

Chapter 4: Global Electric Vehicle Chargers Market, Vehicle Type
4.1. Overview
4.2. Battery Electric Vehicle (Bev)
4.2.1. Key Market Trends, Growth Factors and Opportunities
4.2.2. Market Size and Forecast, by Region
4.2.3. Market Analysis by Country
4.3. Plug-In Hybrid Electric Vehicle (Phev)
4.3.1. Key Market Trends, Growth Factors and Opportunities
4.3.2. Market Size and Forecast, by Region
4.3.3. Market Analysis by Country
4.4. Hybrid Electric Vehicle (Hev)
4.4.1. Key Market Trends, Growth Factors, and Opportunities
4.4.2. Market Size and Forecast, by Region
4.4.3. Market Analysis by Country

Chapter 5: Global Electric Vehicle Chargers Market, by Charging Type
5.1. Overview
5.2. On-Board Chargers
5.2.1. Key Market Trends, Growth Factors and Opportunities
5.2.2. Market Size and Forecast, by Region
5.2.3. Market Analysis by Country
5.3. Off-Board Chargers
5.3.1. Key Market Trends, Growth Factors, and Opportunities
5.3.2. Market Size and Forecast, by Region
5.3.3. Market Analysis by Country

Chapter 6: Global Electric Vehicle Chargers Market, by End-User
6.1. Overview
6.2. Residential
6.2.1. Key Market Trends, Growth Factors and Opportunities
6.2.2. Market Size and Forecast, by Region
6.2.3. Market Analysis by Country
6.3. Commercial
6.3.1. Key Market Trends, Growth Factors and Opportunities
6.3.2. Market Size and Forecast, by Region
6.3.3. Market Analysis by Country

Chapter 7: Electric Vehicle Chargers Market, by Region
7.1. Overview
7.2. North America
7.2.1. Market Size and Forecast, by Vehicle Type
7.2.2. Market Size and Forecast, by Charging Type
7.2.3. Market Size and Forecast, by End-User
7.2.4. Market Size and Forecast, by Country
7.2.4.1. U. S.
7.2.4.1.1. Market Size and Forecast, by Vehicle Type
7.2.4.1.2. Market Size and Forecast, by Charging Type
7.2.4.1.3. Market Size and Forecast, by End-User
7.2.4.2. Canada
7.2.4.2.1. Market Size and Forecast, by Vehicle Type
7.2.4.2.2. Market Size and Forecast, by Charging Type
7.2.4.2.3. Market Size and Forecast, by End-User
7.2.4.3. Mexico
7.2.4.3.1. Market Size and Forecast, by Vehicle Type
7.2.4.3.2. Market Size and Forecast, by Charging Type
7.2.4.3.3. Market Size and Forecast, by End-User
7.3. Europe
7.3.1. Market Size and Forecast, by Vehicle Type
7.3.2. Market Size and Forecast, by Charging Type
7.3.3. Market Size and Forecast, by End-User
7.3.4. Market Size and Forecast, by Country
7.3.4.1. U. K.
7.3.4.1.1. Market Size and Forecast, by Vehicle Type
7.3.4.1.2. Market Size and Forecast, by Charging Type
7.3.4.1.3. Market Size and Forecast, by End-User
7.3.4.2. Germany
7.3.4.2.1. Market Size and Forecast, by Vehicle Type
7.3.4.2.2. Market Size and Forecast, by Charging Type
7.3.4.2.3. Market Size and Forecast, by End-User
7.3.4.3. France
7.3.4.3.1. Market Size and Forecast, by Vehicle Type
7.3.4.3.2. Market Size and Forecast, by Charging Type
7.3.4.3.3. Market Size and Forecast, by End-User
7.3.4.4. Netherlands
7.3.4.4.1. Market Size and Forecast, by Vehicle Type
7.3.4.4.2. Market Size and Forecast, by Charging Type
7.3.4.4.3. Market Size and Forecast, by End-User
7.3.4.5. Norway
7.3.4.5.1. Market Size and Forecast, by Vehicle Type
7.3.4.5.2. Market Size and Forecast, by Charging Type
7.3.4.5.3. Market Size and Forecast, by End-User
7.3.4.6. Rest of Europe
7.3.4.6.1. Market Size and Forecast, by Vehicle Type
7.3.4.6.2. Market Size and Forecast, by Charging Type
7.3.4.6.3. Market Size and Forecast, by End-User
7.4. Asia-Pacific
7.4.1. Market Size and Forecast, by Vehicle Type
7.4.2. Market Size and Forecast, by Charging Type
7.4.3. Market Size and Forecast, by End-User
7.4.4. Market Size and Forecast, by Country
7.4.4.1. China
7.4.4.1.1. Market Size and Forecast, by Vehicle Type
7.4.4.1.2. Market Size and Forecast, by Charging Type
7.4.4.1.3. Market Size and Forecast, by End-User
7.4.4.2. Japan
7.4.4.2.1. Market Size and Forecast, by Vehicle Type
7.4.4.2.2. Market Size and Forecast, by Charging Type
7.4.4.2.3. Market Size and Forecast, by End-User
7.4.4.3. India
7.4.4.3.1. Market Size and Forecast, by Vehicle Type
7.4.4.3.2. Market Size and Forecast, by Charging Type
7.4.4.3.3. Market Size and Forecast, by End-User
7.4.4.4. South Korea
7.4.4.4.1. Market Size and Forecast, by Vehicle Type
7.4.4.4.2. Market Size and Forecast, by Charging Type
7.4.4.4.3. Market Size and Forecast, by End-User
7.4.4.5. Rest of Asia-Pacific
7.4.4.5.1. Market Size and Forecast, by Vehicle Type
7.4.4.5.2. Market Size and Forecast, by Charging Type
7.4.4.5.3. Market Size and Forecast, by End-User
7.5. LAMEA
7.5.1. Market Size and Forecast, by Vehicle Type
7.5.2. Market Size and Forecast, by Charging Type
7.5.3. Market Size and Forecast, by End-User
7.5.4. Market Size and Forecast, by Country
7.5.4.1. Latin America
7.5.4.1.1. Market Size and Forecast, by Vehicle Type
7.5.4.1.2. Market Size and Forecast, by Charging Type
7.5.4.1.3. Market Size and Forecast, by End-User
7.5.4.2. Middle East
7.5.4.2.1. Market Size and Forecast, by Vehicle Type
7.5.4.2.2. Market Size and Forecast, by Charging Type
7.5.4.2.3. Market Size and Forecast, by End-User
7.5.4.3. Africa
7.5.4.3.1. Market Size and Forecast, by Vehicle Type
7.5.4.3.2. Market Size and Forecast, by Charging Type
7.5.4.3.3. Market Size and Forecast, by End-User

Chapter 8: Company Profiles
8.1. Abb Ltd.
8.1.1. Company Overview
8.1.2. Company Snapshot
8.1.3. Operating Business Segments
8.1.4. Product Portfolio
8.1.5. Business Performance
8.1.6. Key Strategic Moves and Developments
8.2. Aerovironment Inc.
8.2.1. Company Overview
8.2.2. Company Snapshot
8.2.3. Operating Business Segments
8.2.4. Product Portfolio
8.2.5. Business Performance
8.2.6. Key Strategic Moves and Developments
8.3. Chargemaster plc
8.3.1. Company Overview
8.3.2. Company Snapshot
8.3.3. Operating Business Segments
8.3.4. Product Portfolio
8.3.5. Key Strategic Moves and Developments
8.4. Chroma Ate Inc.
8.4.1. Company Overview
8.4.2. Company Snapshot
8.4.3. Operating Business Segments
8.4.4. Product Portfolio
8.4.5. Business Performance
8.4.6. Key Strategic Moves and Developments
8.5. Delphi Technologies
8.5.1. Company Overview
8.5.2. Company Snapshot
8.5.3. Operating Business Segments
8.5.4. Product Portfolio
8.5.5. Business Performance
8.5.6. Key Strategic Moves and Developments
8.6. Pod Point Ltd.
8.6.1. Company Overview
8.6.2. Company Snapshot
8.6.3. Operating Business Segments
8.6.4. Product Portfolio
8.6.5. Key Strategic Moves and Developments
8.7. Robert Bosch GmbH
8.7.1. Company Overview
8.7.2. Company Snapshot
8.7.3. Operating Business Segments
8.7.4. Product Portfolio
8.7.5. Business Performance
8.7.6. Key Strategic Moves and Developments
8.8. Schaffner Holding Ag. (Evatran Group)
8.8.1. Company Overview
8.8.2. Company Snapshot
8.8.3. Operating Business Segments
8.8.4. Product Portfolio
8.8.5. Business Performance
8.9. Siemens AG
8.9.1. Company Overview
8.9.2. Company Snapshot
8.9.3. Operating Business Segments
8.9.4. Product Portfolio
8.9.5. Business Performance
8.9.6. Key Strategic Moves and Developments
8.10. Silicon Laboratories, Inc.
8.10.1. Company Overview
8.10.2. Company Snapshot
8.10.3. Operating Business Segments
8.10.4. Product Portfolio
8.10.5. Business Performance
8.10.6. Key Strategic Moves and Developments
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • ABB Ltd.
  • Aerovironment Inc.
  • Chargemaster PLC
  • Chroma ATE
  • Delphi Automotive
  • POD
  • MORE
According to the report titled, 'Electric Vehicle Charger Market by Vehicle Type, Charging Type, and End User: Opportunity Analysis and Industry Forecast, 2020-2027', the global electric vehicle charger market was valued at $3.80 billion in 2019, and is projected to reach $25.50 billion by 2027, registering a CAGR of 26.8% from 2020 to 2027.

At present, the U.S. dominates the market, followed by Canada and Mexico in North America. However, Mexico is expected to grow at a higher CAGR during the forecast period. In addition, in 2019, China led the market in the Asia-Pacific region followed by Japan, South Korea, India, and rest of Asia-Pacific countries.

Factors such as government regulations to limit environment pollution, increase in market penetration of electric vehicles, and surge in government initiatives for development of electric vehicle charging infrastructure drive the growth of the electric vehicle charger market. However, limited number of EV charging stations and lack of standardization of EV charging are anticipated to hamper the market growth. Further, surge in demand for luxury and feature enabled vehicles and wireless charging for electric vehicles are expected to create numerous opportunities for EV chargers market expansion.

Electric vehicle charging infrastructure is vital for the mass adoption of the electric vehicles. Several government initiatives have been undertaken to provide EV charging stations across the world. For instance, Automotive Research Association of India (ARAI) has planned to deploy more than 200 EV charging stations across the country. In addition, Tata Power (India) is supporting the Indian Government's 'National electric mobility mission’ wherein the Tata power have established the first set of Electric Vehicle charging stations in Mumbai (India) for India’s growing EV ecosystem, and provide customers access to energy-efficient options with ease. This in turn is expected to drive the growth of the electric vehicle charger market.

However, lack of standardization within EV chargers hinders their demand among the end users. People get confused whether such EV chargers are suitable for their vehicles or not. The charging network also needs to be made less confusing and vehicles need more flexible charging solutions so they can take advantage of the fastest charging rates when available. The lack of standardized plugs complicates charging further. Tesla is expanding its network of chargers, but these are designed only for Tesla vehicles. The automotive industry has standardized 120- and 240-volt plugs, which are primarily used in the home but have not yet set a standard on the plugs or ports that can charge vehicles in 30 minutes or less.

Moreover, although luxury vehicles are more expensive than conventional vehicles, luxury vehicles are an obligatory status symbol for well-to-do individuals. Around 28,500 of luxury vehicles were sold in 2016. Around 15.9% of rise was recorded in the sales of luxury vehicles in 2016 as compared to 2015. Furthermore, the demand for luxury vehicles was particularly fueled by China, owing to improved standard of living and rise in disposable income of the population. Thus, all these factors are expected to create lucrative opportunities for the growth of the electric vehicle charger market.

Further, rapid escalation in penetration of luxury and feature enabled EVs across the globe is expected to boost the electric vehicle charger market growth. As per NADA.org, the luxury vehicle segment witnessed a growth of 10.9% in 2016 as compared to 2015. Tesla Motors is one of leading companies that manufactures luxury electric vehicles for the end users.

Key Findings Of The Study

By charging type, the on-board chargers segment generated the highest revenue in2019.
LAMEA is anticipated to exhibit the highest CAGR during the forecast period while considering electric vehicle charger market growth.
The PHEV segment accounts for the highest revenue contributor, as these vehicles possess an internal combustion engine and electric motor, and are powered by an alternative fuel or a conventional fuel, such as gasoline (petrol), and a battery, which is charged with electricity by plugging into an electrical outlet or charging station
Latin America leads the EV chargers market in the LAMEA region.

The key players profiled in the electric vehicle charger market share includeABB Ltd., Robert Bosch GmbH, Siemens AG, Delphi Automotive, Chroma ATE, Aerovironment Inc., Silicon Laboratories, Chargemaster PLC, Schaffner Holdings AG, and POD P
Note: Product cover images may vary from those shown
  • ABB Ltd.
  • Robert Bosch GmbH
  • Siemens AG
  • Delphi Automotive
  • Chroma ATE
  • Aerovironment Inc.
  • Silicon Laboratories
  • Chargemaster PLC
  • Schaffner Holdings AG
  • POD
Note: Product cover images may vary from those shown

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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