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Global Electric Vehicle Charger Market Share, Forecast: By Vehicle Type: Battery Electric Vehicle (BEV), Plug-In Hybrid Electric Vehicle (PHEV), Hybrid Electric Vehicle (HEV); By Charging Type: On-Board Chargers, Off-Board Chargers; By End User: Residential, Commercial; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032
Global Electric Vehicle Charger Market Outlook
The global electric vehicle charger market attained a value of about USD 7.48 billion in 2023. The market is further expected to grow at a CAGR of 25.3% during the forecast period of 2024-2032.
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Rising Market Penetration of Electric Vehicles to Propel the Market Growth of Electric Vehicle Charger
The rise in the global market for electric vehicle charger can primarily be attributed to the increasing market penetration of electronic vehicles. Factors such as the rise in the prices of fuel, including petrol and diesel, due to the depleting fossil fuels are invigorating the production of electric vehicles, which is positively influencing the market growth of electric vehicle charger. Furthermore, in contrast to traditional vehicles, electronic vehicles are driven on electricity and are more cost-effective, which is another factor boosting the market growth.
Electric vehicle chargers are fast, and with the rising prevalence of electronic vehicles, the robust manufacturing of electric vehicle chargers is making them cost-effective and thus augmenting the market demand. In addition, as a result of the rising pollution levels due to fuel combustion by conventional gas-powered vehicles, electronic vehicles are emerging as environmentally friendly modes of transportation as it utilises energy in the form of electricity and does not release harmful toxins. This is expected to further the market growth of electric vehicle charger.
Electrical Vehicle Charger: Market Segmentation
Electric vehicle chargers are electronic energy sources that are used to provide the necessary electricity to drive electronic vehicles. These are available as on-board and off-board chargers and can be used in residential or commercial settings.
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On the basis of vehicle type, the market can be divided into:
- Battery Electric Vehicle (BEV)
- Plug-In Hybrid Electric Vehicle (PHEV)
- Hybrid Electric Vehicle (HEV)
The market, based on charging type, can be segmented into:
- On-Board Chargers
- Off-Board Chargers
Based on end user, the market can be categorised into:
- Residential
- Commercial
The EMR report looks into the regional markets of electric vehicle charger like North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.
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Government Initiatives Advocating the Adoption of Electric Vehicles to Augment the Market Growth
The growth in the global market for electric vehicle charger can be attributed to the robust government measures in developed and developing nations that advocate the emergence of electric vehicles over traditional vehicles. The rising adoption of electric vehicles is augmenting the market demand for electric vehicle chargers, which is accelerating the market growth. Owing to rapid investments and evolution of technology, existing company players are introducing features, such as long battery life, fast charging, and high average consumption of battery, which is fuelling the market demand for electronic vehicles, hence enhancing the market growth of electric vehicle charger.
In addition to this, the comparatively lower maintenance costs of electric vehicles over traditional vehicles, is further boosting the demand for electronic vehicles, thereby propelling the market growth of electric vehicle charger. Furthermore, residential charging is significantly contributing to the market growth of electric vehicle charger as a result of low numbers of commercial charging points.
Key Industry Players in the Global Electric Vehicle Charger Market
The report presents a detailed analysis of the following key players in the global electric vehicle charger market, looking into their capacity, market share, and latest developments like capacity expansions, plant turnabouts and mergers and acquisitions:
- ABB Ltd.
- Bosch Automotive Service Solutions Inc.
- AeroVironment, Inc.
- Schaffner Group
- Bp Pulse
- ChargePoint, Inc.
- Others
The comprehensive report looks at the micro and macro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of the Porter’s Five Forces Model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Vehicle Type |
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| Breakup by Charging Type |
|
| Breakup by End User |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Electric Vehicle Charger Market Analysis
8.1 Key Industry Highlights
8.2 Global Electric Vehicle Charger Historical Market (2018-2023)
8.3 Global Electric Vehicle Charger Market Forecast (2024-2032)
8.4 Global Electric Vehicle Charger Market by Vehicle Type
8.4.1 Battery Electric Vehicle (BEV)
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Plug-In Hybrid Electric Vehicle (PHEV)
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Hybrid Electric Vehicle (HEV)
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global Electric Vehicle Charger Market by Charging Type
8.5.1 On-Board Chargers
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Off-Board Chargers
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Electric Vehicle Charger Market by End User
8.6.1 Residential
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Commercial
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global Electric Vehicle Charger Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Electric Vehicle Charger Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Electric Vehicle Charger Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Electric Vehicle Charger Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Electric Vehicle Charger Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Electric Vehicle Charger Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 ABB Ltd.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Bosch Automotive Service Solutions Inc.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 AeroVironment, Inc.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Schaffner Group
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Bp Pulse
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 ChargePoint, Inc.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Electric Vehicle Charger Market: Key Industry Highlights, 2018 and 2032
2. Global Electric Vehicle Charger Historical Market: Breakup by Vehicle Type (USD Billion), 2018-2023
3. Global Electric Vehicle Charger Market Forecast: Breakup by Vehicle Type (USD Billion), 2024-2032
4. Global Electric Vehicle Charger Historical Market: Breakup by Charging Type (USD Billion), 2018-2023
5. Global Electric Vehicle Charger Market Forecast: Breakup by Charging Type (USD Billion), 2024-2032
6. Global Electric Vehicle Charger Historical Market: Breakup by End User (USD Billion), 2018-2023
7. Global Electric Vehicle Charger Market Forecast: Breakup by End User (USD Billion), 2024-2032
8. Global Electric Vehicle Charger Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Electric Vehicle Charger Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Electric Vehicle Charger Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Electric Vehicle Charger Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Electric Vehicle Charger Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Electric Vehicle Charger Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Electric Vehicle Charger Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Electric Vehicle Charger Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Electric Vehicle Charger Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Electric Vehicle Charger Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Electric Vehicle Charger Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Electric Vehicle Charger Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Electric Vehicle Charger Market Structure
Key Questions Answered in the Report
The global electric vehicle charger market attained a value of nearly USD 7.48 billion in 2023.
The market is projected to grow at a CAGR of 25.3% in the forecast period of 2024-2032.
The industry is being driven by the emergence of electronic vehicles, rapid urbanisation, and increasing disposable incomes.
The market for electric vehicle charger is being propelled by the ongoing innovations in the industry to provide fast charging, and elongated battery life to the vehicle.
The major regional markets for electric vehicle charger are North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.
The significant vehicle types of electric vehicle charger are battery electric vehicle (BEV), plug-in electric hybrid vehicle (PHEV), and hybrid electric vehicle (HEV).
The different charging types of electric vehicle charger are on-board chargers, and off-board chargers.
The major end users of electric vehicle charger are residential and commercial.
The major players in the industry are ABB Ltd., Bosch Automotive Service Solutions Inc., AeroVironment, Inc., Schaffner Group, Bp Pulse, and ChargePoint, Inc., among others.
Analyst Review
The global electric vehicle charger market attained a value of about USD 7.48 billion in 2023, driven by the rising market penetration of electric vehicles due to growing environmental concerns. Aided by the increasing innovations in the manufacturing process of the product, the market is expected to grow at a CAGR of 25.3% in the forecast period of 2024-2032.
EMR’s meticulous research methodology delves deep into the market covering the macro and micro aspects of the industry. On the basis of vehicle type, the market can be divided into battery electric vehicle (BEV), plug-in electric hybrid vehicle (PHEV), and hybrid electric vehicle (HEV). Based on charging type, the market can be categorised into on-board chargers, and off-board chargers. The market, on the basis of end user, can be divided into residential and commercial. The major regional markets for electric vehicle charger are North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa. The key players in the industry are ABB Ltd., Bosch Automotive Service Solutions Inc., AeroVironment, Inc., Schaffner Group, Bp Pulse, and ChargePoint, Inc., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.
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