Market Overview:
The global electric vehicle charger (EVC) industry is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in the EVC industry can be attributed to factors such as stringent emission norms, government initiatives for promoting electric vehicles, and rising consumer awareness about the benefits of electric vehicles. The global EVC market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into on-board chargers and off-board chargers. On-board chargers are further sub-segmented into standard on-board chargers and fast charging on-board chargers. Off-board Chargers are further sub segmented into Level 1 off board Chargers, Level 2 off board Chargers and DC fast charging off board Chargers. By application, residential charging accounts for majority share in terms of revenue followed by public charging and others segments respectively.
 Industry Industry Outlook.svg)
Product Definition:
Electric Vehicle Charger (EVC) Industry is used to charge electric vehicles. The importance of Electric Vehicle Charger (EVC) Industry is that it helps reduce environmental pollution and increase energy security.
On-board Charger:
An on-board charger is a charging circuit that is built into the battery of an electric vehicle. It charges the batteries while the vehicle is being used for transportation. An on-board charger reduces energy losses, increases driving range and efficiency, and minimizes time spent at charging stations thus making it more convenient for consumers to adopt EVs as per their requirements.
Off-board Charger:
An off-board charger is a device used to charge an electric vehicle when it's driven into a public charging station. The technology was first developed for use in marine applications, where it's known as the Power-over-Water (POW) system. Off-board chargers are now being increasingly adopted by EV manufacturers and infrastructure providers as they help reduce fuel consumption and carbon dioxide emissions significantly.
Application Insights:
The others application segment includes commercial charging stations and industrial applications. The growing demand for electric vehicles is expected to drive the EV charger market in public charging stations, as most of the consumers prefer parking their cars at public charging stations due to ease and convenience. Furthermore, with the increasing number of manufacturers focusing on developing cost-effective products for residential users, the demand for residential chargers is anticipated to increase over the forecast period.
The growing preference towards EVs owing to concerns regarding global warming has resulted in increased government support across various countries worldwide. Various governments have set a target of establishing thousands of new miles of highways that enable drivers to travel long distances in a single charge along with an emphasis on promoting sales by offering tax incentives and financial subsidies as well as making them affordable through low-interest loans or credits. Such initiatives are likely to result in increased deployment of EV chargers at homes or workplaces thereby propelling growth during the forecast period 2030 CE onward.
Regional Analysis:
The North American EVC industry accounted for the largest revenue share in 2017. The region is expected to continue its dominance over the forecast period owing to increasing adoption of EVs and growing awareness about their benefits, such as lower emissions and less noise pollution. Moreover, supportive government policies are also anticipated to drive regional growth. For instance, in December 2015, U.S Department of Energy launched a program called “Smart Electric Drive Vehicle Technology Deployment Initiative†with an aim to develop smart electric vehicles by 2020 that have zero emission capability and high efficiency power source.
Asia Pacific is projected to be the fastest-growing market from 2018 to 2030 due bothto increasing sales of EVs as well as charging infrastructure development across countries such China & Japan along with other Southeast Asian nations like Thailand & Malaysia etc.
Growth Factors:
- Increasing demand for electric vehicles: The global electric vehicle market is expected to grow at a CAGR of more than 28% from 2016 to 2020. This is mainly due to the increasing environmental concerns and the rising cost of fuel.
- Government initiatives and subsidies: Governments across the globe are providing various incentives such as tax rebates, subsidies, and parking privileges to promote the adoption of electric vehicles. For instance, in China, a subsidy of up to 00 is offered for each electric vehicle purchase.
- Development of charging infrastructure: The development of charging infrastructure is crucial for the growth of the EVC industry market. Governments and private players are investing in this area by setting up charging stations at public places and workplaces. For instance, Tesla has set up over 400 Supercharger stations across North America, Europe, and Asia Pacific regions that can charge a Tesla car battery in about 30 minutes flat rate fee .
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Vehicle Charger (EVC) Industry Market Research Report
By Type
On-board Charger, Off-board Charger
By Application
Residential charging, Public charging, Others
By Companies
AeroVironment, ChargePoint, Elektromotive, LG Electronics, Aker Wade, ABB, Lealacpower, Chroma ATE, Lester, Silicon Labs, BYD, XJ Group, NARI, Huashang, Wanma, Dilong, Potevio, Kenergy, Anhev, Shuntang, Tonhe
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Electric Vehicle Charger (EVC) Industry Market Report Segments:
The global Electric Vehicle Charger (EVC) Industry market is segmented on the basis of:
Types
On-board Charger, Off-board Charger
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential charging, Public charging, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- AeroVironment
- ChargePoint
- Elektromotive
- LG Electronics
- Aker Wade
- ABB
- Lealacpower
- Chroma ATE
- Lester
- Silicon Labs
- BYD
- XJ Group
- NARI
- Huashang
- Wanma
- Dilong
- Potevio
- Kenergy
- Anhev
- Shuntang
- Tonhe
 Industry Market Overview.svg)
Highlights of The Electric Vehicle Charger (EVC) Industry Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- On-board Charger
- Off-board Charger
- By Application:
- Residential charging
- Public charging
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electric Vehicle Charger (EVC) Industry Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Industry Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
The electric vehicle charger (EVC) industry is a rapidly growing market that is expected to grow from $2.5 billion in 2020 to $11.1 billion by 2025, according to MarketsandMarketsu2019 report u201cElectric Vehicle Charger Market - Global Analysis and Forecast, 2020-2025u201d. The EVC industry has seen significant growth due to the increasing popularity of electric vehicles and the need for more charging infrastructure across the globe. The market is also benefitting from government initiatives such as tax breaks and subsidies that are encouraging consumers to switch over to electric vehicles.
Some of the major players in the electric vehicle charger (evc) industry market are AeroVironment, ChargePoint, Elektromotive, LG Electronics, Aker Wade, ABB, Lealacpower, Chroma ATE, Lester, Silicon Labs, BYD, XJ Group, NARI, Huashang, Wanma, Dilong, Potevio, Kenergy, Anhev, Shuntang, Tonhe.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Electric Vehicle Charger (EVC) Industry Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Electric Vehicle Charger (EVC) Industry Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Electric Vehicle Charger (EVC) Industry Market - Supply Chain
4.5. Global Electric Vehicle Charger (EVC) Industry Market Forecast
4.5.1. Electric Vehicle Charger (EVC) Industry Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Electric Vehicle Charger (EVC) Industry Market Size (000 Units) and Y-o-Y Growth
4.5.3. Electric Vehicle Charger (EVC) Industry Market Absolute $ Opportunity
5. Global Electric Vehicle Charger (EVC) Industry Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Electric Vehicle Charger (EVC) Industry Market Size and Volume Forecast by Type
5.3.1. On-board Charger
5.3.2. Off-board Charger
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Electric Vehicle Charger (EVC) Industry Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Electric Vehicle Charger (EVC) Industry Market Size and Volume Forecast by Application
6.3.1. Residential charging
6.3.2. Public charging
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Electric Vehicle Charger (EVC) Industry Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Electric Vehicle Charger (EVC) Industry Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Electric Vehicle Charger (EVC) Industry Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Electric Vehicle Charger (EVC) Industry Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Electric Vehicle Charger (EVC) Industry Demand Share Forecast, 2019-2026
9. North America Electric Vehicle Charger (EVC) Industry Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Electric Vehicle Charger (EVC) Industry Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Electric Vehicle Charger (EVC) Industry Market Size and Volume Forecast by Application
9.4.1. Residential charging
9.4.2. Public charging
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Electric Vehicle Charger (EVC) Industry Market Size and Volume Forecast by Type
9.7.1. On-board Charger
9.7.2. Off-board Charger
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Electric Vehicle Charger (EVC) Industry Demand Share Forecast, 2019-2026
10. Latin America Electric Vehicle Charger (EVC) Industry Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Electric Vehicle Charger (EVC) Industry Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Electric Vehicle Charger (EVC) Industry Market Size and Volume Forecast by Application
10.4.1. Residential charging
10.4.2. Public charging
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Electric Vehicle Charger (EVC) Industry Market Size and Volume Forecast by Type
10.7.1. On-board Charger
10.7.2. Off-board Charger
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Electric Vehicle Charger (EVC) Industry Demand Share Forecast, 2019-2026
11. Europe Electric Vehicle Charger (EVC) Industry Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Electric Vehicle Charger (EVC) Industry Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Electric Vehicle Charger (EVC) Industry Market Size and Volume Forecast by Application
11.4.1. Residential charging
11.4.2. Public charging
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Electric Vehicle Charger (EVC) Industry Market Size an Volume Forecast by Type
11.7.1. On-board Charger
11.7.2. Off-board Charger
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Electric Vehicle Charger (EVC) Industry Demand Share, 2019-2026
12. Asia Pacific Electric Vehicle Charger (EVC) Industry Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Electric Vehicle Charger (EVC) Industry Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Electric Vehicle Charger (EVC) Industry Market Size and Volume Forecast by Application
12.4.1. Residential charging
12.4.2. Public charging
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Electric Vehicle Charger (EVC) Industry Market Size and Volume Forecast by Type
12.7.1. On-board Charger
12.7.2. Off-board Charger
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Electric Vehicle Charger (EVC) Industry Demand Share, 2019-2026
13. Middle East & Africa Electric Vehicle Charger (EVC) Industry Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Electric Vehicle Charger (EVC) Industry Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Electric Vehicle Charger (EVC) Industry Market Size and Volume Forecast by Application
13.4.1. Residential charging
13.4.2. Public charging
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Electric Vehicle Charger (EVC) Industry Market Size and Volume Forecast by Type
13.7.1. On-board Charger
13.7.2. Off-board Charger
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Electric Vehicle Charger (EVC) Industry Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Electric Vehicle Charger (EVC) Industry Market: Market Share Analysis
14.2. Electric Vehicle Charger (EVC) Industry Distributors and Customers
14.3. Electric Vehicle Charger (EVC) Industry Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. AeroVironment
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. ChargePoint
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Elektromotive
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. LG Electronics
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Aker Wade
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. ABB
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Lealacpower
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Chroma ATE
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Lester
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Silicon Labs
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. BYD
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. XJ Group
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. NARI
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Huashang
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Wanma
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Dilong
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Potevio
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Kenergy
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Anhev
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Shuntang
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
