Electric Vehicle Charger Market | Incentives and Subsidies for EV Charging Infrastructure Development to be a Key Trend | Technavio

LONDON--(BUSINESS WIRE)--Nov 10, 2020--

Technavio has been monitoring the electric vehicle charger market and it is poised to grow by 1.85 million units during 2020-2024, progressing at a CAGR of almost 29% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. Download a Free Sample Report on COVID-19

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Technavio has announced its latest market research report titled Global Electric Vehicle Charger Market 2020-2024 (Photo: Business Wire)

Impact of COVID-19

The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the electric vehicle charger market. The market growth in 2020 is likely to increase compared to the market growth in 2019.

Frequently Asked Questions:

  • Based on segmentation by End-user, which is the leading segment in the market?
    Residential
  • What are the major trends in the market?
    Government incentives and subsidies for EV charger infrastructure developments.
  • At what rate is the market projected to grow?
    The market is projected to grow at a CAGR of almost 29% during 2020-2024.
  • Who are the top players in the market?
    ABB Ltd., AddÉnergie Technologies Inc., AeroVironment Inc., BP Plc, ChargePoint Inc., Electricite de France SA, Evatran Group Inc., Leviton Manufacturing Co. Inc., Robert Bosch GmbH, and Webasto SE are the top players in the market.
  • What are the key market drivers and challenges?
    The market is driven by the use of ultracapacitors in EV energy storage systems. However, stringent approval rules for the establishment of charger units might hamper growth.

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View market snapshot before purchasing

The market is concentrated, and the degree of concentration will accelerate during the forecast period. ABB Ltd., AddÉnergie Technologies Inc., AeroVironment Inc., BP Plc, ChargePoint Inc., Electricite de France SA, Evatran Group Inc., Leviton Manufacturing Co. Inc., Robert Bosch GmbH, and Webasto SE are some of the major market participants. Although the ultracapacitors in EV energy storage system will offer immense growth opportunities, stringent approval rules for the establishment of charger units are likely to pose a challenge for the market vendors. In a bid to help players strengthen their market foothold, this electric vehicle charger market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Electric Vehicle Charger Market 2020-2024: Segmentation

Electric Vehicle Charger Market is segmented as below:

  • End-user
    • Residential
    • Commercial
  • Geography
    • APAC
    • North America
    • Europe
    • ROW
  • Type
    • Slow Charger
    • Fast Charger

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR44786

Electric Vehicle Charger Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The electric vehicle charger market report covers the following areas:

  • Electric Vehicle Charger Market Size
  • Electric Vehicle Charger Market Trends
  • Electric Vehicle Charger Market Industry Analysis

This study identifies government incentives and subsidies for EV charger infrastructure developments as one of the prime reasons driving the Electric Vehicle Charger Market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Electric Vehicle Charger Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist electric vehicle charger market growth during the next five years
  • Estimation of the electric vehicle charger market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the electric vehicle charger market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of electric vehicle charger market vendors

Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five Forces Summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by End-user by Volume

  • Market segments
  • Comparison by End-user by volume
  • Residential- Market size and forecast 2019-2024 (thousand units)
  • Commercial - Market size and forecast 2019-2024 (thousand units)
  • Market opportunity by End-user by volume

Market Segmentation by Type by Volume

  • Market segments
  • Comparison by Type volume chart
  • Slow charger - Market size and forecast 2019-2024 (thousand units)
  • Fast charger - Market size and forecast 2019-2024 (thousand units)
  • Market opportunity by Type volume chart

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2019-2024
  • North America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • ROW - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • ABB Ltd.
  • AddÉnergie Technologies Inc.
  • AeroVironment Inc.
  • BP Plc
  • ChargePoint Inc.
  • Electricite de France SA
  • Evatran Group Inc.
  • Leviton Manufacturing Co. Inc.
  • Robert Bosch GmbH
  • Webasto SE

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

     

About Us

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.

View source version on businesswire.com:https://www.businesswire.com/news/home/20201110005878/en/

CONTACT: Technavio Research

Jesse Maida

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Website:www.technavio.com/

KEYWORD:

INDUSTRY KEYWORD: ALTERNATIVE VEHICLES/FUELS AUTOMOTIVE

SOURCE: Technavio Research

Copyright Business Wire 2020.

PUB: 11/10/2020 09:05 PM/DISC: 11/10/2020 09:05 PM

http://www.businesswire.com/news/home/20201110005878/en

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