Empowering the Drive: Navigating the Global Electric Vehicle Charger Market

Electric Vehicle Charger Global Market Report 2023 Global Market Report 2023 – Market Size, Trends, And Global Forecast 2023-2032

The Business Research Company's Electric Vehicle Charger Global Market Report 2023 Global Market Report 2023 – Market Size, Trends, And Forecast 2023-2032

LANDON, GREATER LANDON, UK, November 21, 2023 /EINPresswire.com/ -- The global electric vehicle charger market, intricately segmented by vehicle type, charging type, and end-user, showcased remarkable growth, surging from $5.26 billion in 2022 to $6.98 billion in 2023, marking a noteworthy compound annual growth rate (CAGR) of 32.6%. The market is poised for continued expansion, with an anticipated market size of $17.81 billion by 2027, reflecting a CAGR of 26.4%.

In-depth Market Segmentation: Unlocking Potential

1) By Vehicle Type: Battery Electric Vehicle (BEV), Plug-in Hybrid Electric Vehicle (PHEV), Hybrid Electric Vehicle (HEV)

2) By Charging Type: On-Board Chargers, Off-Board Chargers

3) By End-User: Residential, Commercial

Explore detailed insights and analysis in the comprehensive market sample report
https://www.thebusinessresearchcompany.com/sample.aspx?id=5438&type=smp

Driving Forces: Stringent Regulations Paving the Way

The electric vehicle charger market is witnessing robust growth propelled by the increasing stringency of government regulations aimed at curbing environmental pollution. Governments worldwide are enforcing stringent regulations, compelling vehicle manufacturers to adopt advanced technologies that minimize vehicular emissions. Notably, California Air Resources Board passed laws in 2020, mandating truck manufacturers to transition to electric zero-emission trucks by 2024. Moreover, an MOU signed by 14 states, including California, aims to accelerate the market for electric medium- and heavy-duty vehicles. This regulatory landscape is projected to be a key driver for the electric vehicle charger market in the forthcoming years.

Market Leaders: Champions of Change

Key players shaping the electric vehicle charger market include ABB Ltd., AeroVironment Inc., ChargePoint Inc., BP Chargemaster, Evatran Group Inc., Leviton, Webasto SE, Eaton, Schneider Electric, Siemens, Electricite de France SA, POD Point, Schaffner Holdings AG, IES Synergy, and Efacec. These industry leaders play a pivotal role in steering market dynamics, fostering innovation, and meeting the evolving demands of consumers.

Trend Watch: Technological Advancements Steering Sustainability

Technological advancements are emerging as a prominent trend in the electric vehicle charger market. Leading companies in the sector are dedicating efforts to develop innovative technological solutions, contributing to carbon emission reduction and meeting consumer demand. For instance, Envision Group, a China-based green technology company, introduced the Mochi charging robot in April 2021. Powered by 100% green electricity, Mochi is a versatile robot equipped with accurate location-sensing technology, allowing it to navigate with centimeter-level precision. Mochi represents a flexible solution to address the growing demand for charging stations as the electric vehicle fleet expands.

Regional Dynamics: Asia-Pacific Taking the Lead

Asia-Pacific emerged as the largest region in the electric vehicle charger market in 2022. The comprehensive regions covered in the electric vehicle charger market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. 

Access the complete market report for an in-depth understanding of the global electric vehicle charger market.
https://www.thebusinessresearchcompany.com/report/electric-vehicle-charger-global-market-report

Electric Vehicle Charger Global Market Report 2023 from TBRC covers the following information:

• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.

The Electric Vehicle Charger Global Market Report 2023 by The Business Research Company is the most comprehensive report that provides insights on electric vehicle charger market size, electric vehicle charger market drivers and trends, electric vehicle charger market major players, competitors' revenues, market positioning, and electric vehicle charger market growth across geographies. The electric vehicle charger market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

Browse Through More Similar Reports By The Business Research Company:

Wired Charging Global Market Report 2023
https://www.thebusinessresearchcompany.com/report/wired-charging-global-market-report

Zero Liquid Discharge Systems Global Market Report 2023
https://www.thebusinessresearchcompany.com/report/zero-liquid-discharge-systems-global-market-report

Micro-mobility Charging Infrastructure Global Market Report 2023
https://www.thebusinessresearchcompany.com/report/micro-mobility-charging-infrastructure-global-market-report

About The Business Research Company
The Business Research Company has published over 3000+ detailed industry reports, spanning over 6500+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Global Market Model – Market Intelligence Database
The Global Market Model, The Business Research Company’s flagship product, is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets that help its users assess supply-demand gaps.

Contact Information
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info

Check out our:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Oliver Guirdham
The Business Research Company
+44 20 7193 0708
info@tbrc.info
Visit us on social media:
Facebook
Twitter
LinkedIn

Dual-Clutch Transmission Market Insights, Growth Drivers, and High-Tech Innovations!

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.