NEW YORK, Jan. 21, 2022 /PRNewswire/ --Electric Vehicle Charger Market Facts at a Glance-
NEW YORK, Jan. 21, 2022 /PRNewswire/ --Electric Vehicle Charger Market Facts at a Glance-
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According to the recent market study by Technavio, the Electric Vehicle Charger Market is expected to increase by 26825.74 thousand units from 2020 to 2025, at an accelerated CAGR of 28.35%. The report provides a detailed analysis of drivers & opportunities, top winning strategies, competitive scenario, future market trends, market size & estimations, and major investment pockets. APAC will register the highest growth rate of 44% among the other regions.
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Regional Market Outlook
The Electric Vehicle Charger Market share growth in APAC will be significant during the forecast period. China is the key market for electric vehicle chargers in APAC. Market growth in this region will be faster than the growth of the market in the South American and MEA regions. The high number of domestic automakers will facilitate the electric vehicle charger market growth in APAC over the forecast period. The key factors for the growth of the EV charger market in APAC are as follows:
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Vendor Insights-
The Electric Vehicle Charger Market is fragmented, and the vendors are deploying growth strategies such as focusing on product delivery through multiple distribution channels to compete in the market.
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Latest Drivers & Trends Driving the Market-
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Electric Vehicle Charger Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 28.35% |
Market growth 2021-2025 |
26825.74 th units |
Market structure |
Fragmented |
YoY growth (%) |
24.79 |
Regional analysis |
APAC, North America, Europe, South America, and MEA |
Performing market contribution |
APAC at 44% |
Key consumer countries |
China, US, Germany, France, and The Netherlands |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
ABB Ltd., AddEnergie Technologies Inc., AeroVironment Inc., Chargemaster Ltd., ChargePoint Inc., Electricite de France SA, Evatran Group Inc., Leviton Manufacturing Co. Inc., Robert Bosch GmbH, and Webasto SE |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
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Website: www.technavio.com/
SOURCE Technavio
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