As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
The Asia Pacific region is significantly contributing to the market growth of electric vehicle charger due to the robust manufacturing of electric vehicle chargers in emerging economies like China. The market growth in the region is augmenting as a result of the availability of cost-effective manual labour and raw materials. In addition, the rising levels of pollution in countries like India and China due to rapid construction activities is further impelling the governments to take thoughtful measures to control the rising pollution and safeguard the environment. Hence, the emergence of electronic vehicles as a result of stringent government regulations and the presence of leading automobile manufacturers in the Asia Pacific region is driving the market growth of electric vehicle charger. Moreover, due to rapid investments and the evolution of technology, the introduction of features such as long battery life, fast charging, and improved battery consumption is furthering the industry growth.
A global leader in the market for electric vehicle charger, Evgo (NASDAQ: EVGO), recently announced the installation of eight new EVgo public fast chargers in the city of Santa Monica, California, in July 2021. The electric vehicle chargers are designed to provide zero-emission charging through EVgo’s network, supporting the city’s electric vehicle action plan. In addition, the installed chargers by EVgo are DC fast chargers that can provide a full charge in 15-45 minutes, depending upon the size of the vehicle. As a result of the growing sales of electronic vehicles in Santa Monica, the expansion of electric vehicle chargers in the city is becoming essential to support these vehicles. Hence, such initiatives by leading market players are significantly contributing to the overall market growth of electric vehicle charger.
Market Analysis by Vehicle Type, Charging Type, End User, and Region:
Key Findings of the Report:
Key Offerings of the Report:
The major players in the global electric vehicle charger market are ABB Ltd., Bosch Automotive Service Solutions Inc., AeroVironment, Inc., Schaffner Group, Bp Pulse, and ChargePoint, Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.