Global Electric Vehicle Charger Market 2018-2022

Global Electric Vehicle Charger Market 2018-2022

  • November 2018 •
  • 121 pages •
  • Report ID: 2523092 •
  • Format: PDF
About this market
The focus of OEMs on connected EVs will drive growth in the market. The adoption rate of EVs by end-users is mainly restricted due to range anxiety. Many OEMS have started developing a connectivity module, which will be a standard unit in EVs to alleviate the problem shortly. Technavio’s analysts have predicted that the electric vehicle charger market will decelerate at a CAGR of more than 34% by 2022.

Market Overview
Increasing sales of electric vehicles
The government regulations to control the rate of exhaust emissions has led to the development of more efficient vehicles such as electric vehicles and the governments worldwide are pushing the adoption of these vehicles among the consumers.
High installation cost of EV chargers
The installation cost of EV chargers is quite high which affects the growth of the EV chargers market.
For the detailed list of factors that will drive and challenge the growth of the electric vehicle charger market during the 2018-2022, view our report.

Competitive Landscape
The market appears to be fragmented and with the presence of several companies including Momentum Dynamics and Webasto Group the competitive environment is quite intense. Factors such as the focus of OEMs on connected EVs and the increasing sales of electric vehicles, will provide considerable growth opportunities to electric vehicle charger manufactures. ABB, Bosch, ChargePoint, EVATRAN GROUP, Momentum Dynamics, and Webasto Group are some of the major companies covered in this report.