electric mobility chargers market growth, electric mobility chargers market insights, electric mobility chargers market trends, electric mobility chargers market demand, electric mobility chargers market forecast, electric mobility chargers market share
How has the electric mobility chargers market evolved, and where is it heading next?
The electric mobility chargers market size has grown exponentially in recent years. It will grow from $14.33 billion in 2024 to $18.33 billion in 2025 at a compound annual growth rate (CAGR) of 27.9%. The growth in the historic period can be attributed to rise in carbon footprint, increasing demand for electric vehicles, prominent rise in greenhouse gas (GHG) emissions from the transportation sector, government policies and incentives, and increase in the adoption of automotive electrification.
The electric mobility chargers market size is expected to see exponential growth in the next few years. It will grow to $49.36 billion in 2029 at a compound annual growth rate (CAGR) of 28.1%. The growth in the forecast period can be attributed to the escalating need for the construction of charging infrastructure, adoption of energy-efficient vehicles, rising global warming, rising demand for environmentally friendly transportation options, and rising urbanization. Major trends in the forecast period include development of electric vehicle supply equipment (EVSE), integrating advanced technologies, advanced charging technologies, product innovations, and advancement of electric mobility networks.
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What are the key drivers behind the rapid expansion of the electric mobility chargers market?
The adoption of energy-efficient vehicles is expected to propel the growth of the electric mobility chargers market going forward. The adoption of energy-efficient vehicles can be attributed to reductions in greenhouse gas emissions, energy efficiency, energy security, grid efficiency, and sustainable policies. Electric mobility chargers are essential for recharging energy-efficient vehicles, enabling sustainable transportation by providing the necessary power for electric and hybrid vehicle operation. For instance, in July 2023, according to the International Energy Agency, a France-based autonomous intergovernmental organization, over 2.3 million electric cars were sold in the first quarter of 2023, a 25% increase from the same period in 2022. By the end of 2023, sales are expected to reach 14 million, representing a 35% year-on-year increase, with growth accelerating in the second half of the year. Therefore, the adoption of energy-efficient vehicles is driving the growth of the electric mobility chargers market.
What is the segmentation for the electric mobility chargers market?
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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Who are the most influential companies in the electric mobility chargers market?
Major companies operating in the electric mobility chargers market areSiemens 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
What are the most influential trends expected to drive the electric mobility chargers market forward?
Major companies operating in the electric mobility chargers market are developing innovative technologies, such as liquid-cooled charging systems, to gain a competitive edge in the market. Liquid-cooled charging systems use liquid as a cooling medium to manage and dissipate the heat generated during the charging process of electric vehicles. For instance, in November 2023, Lotus Cars Ltd, a UK-based sports cars and racing cars manufacturer, launched Lotus’ EV Charging Solutions, a new suite of EV charging solutions including an ultra-fast 450 kW DC charger, power cabinet, and a modular unit utilizing liquid-cooled technologies. The modular power cabinet is suited for spaces requiring high energy that increase efficiency and minimize charging time, such as motorway rest stops. It delivers a power output of up to 480 kW and features a charging terminal that can simultaneously charge up to four vehicles.
What are the major regional insights for the electric mobility chargers market, and which region holds the top position?
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 Does The Electric Mobility Chargers Market Report 2025 Offer?
The electric mobility chargers market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Electric mobility chargers are devices used to recharge electric vehicles (EVs) by supplying electrical energy from the grid, enabling the transition to cleaner, sustainable transportation. These chargers convert electrical energy from the power grid into a form that can be stored in the vehicle’s battery, enabling the vehicle to operate.
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