The Electric Car Charger Global Market Report 2023 by The Business Research Company, provides electric car charger market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Electric Car Charger Global Market Report 2023, the market size grew from $4.03 billion in 2022 to $5.54 billion in 2023 at a compound annual growth rate (CAGR) of 37.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The electric car chargers market size is expected to grow to $18.49 billion in 2027 at a CAGR of 35.2%.
The increasing demand for electric vehicles owing to growing environmental awareness is expected to drive the growth of the electric car chargers market over the coming years. The world is moving towards electrified transportation to reduce the emissions of pollution from non-renewable fossil fuel vehicles and to offer transport as a substitute for costly fuel.
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The electric car charger market is segmented:
1) By Type: Slow AC, Fast AC, Fast DC
2) By Charging Type: On-board Charger, Off-board Charger
3) By Application: Home, Office, Commercial
The growing technological advancements are shaping the electric car chargers market. Major companies operating in the electric car charger sector are focusing on developing technologically advanced solutions for electric car chargers. For instance, in February 2020, the Bengaluru-based start-up, Kirana Charzer, launched an electric vehicle charger that can be mounted in small stores and businesses to accelerate the expansion of the electric vehicle charging network in the region. Kirana Charzer can be operated by any user on the Charzer application to deliver public EV charging and generate income via their charging point.
The electric car charger market report table of contents includes:
1. Executive Summary
2. Electric Car Charger Market Characteristics
3. Electric Car Charger Market Trends And Strategies
4. Electric Car Charger Market – Macro Economic Scenario
5. Electric Car Charger Market Size And Growth
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26. Africa Electric Car Charger Market
27. Electric Car Charger Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Electric Car Charger Market
29. Electric Car Charger Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- Leviton Manufacturing Co. Inc
- ABB Ltd
- Siemens AG
- Schneider Electric Corp
- AeroVironment Inc
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