NEW YORK, Nov. 23, 2021 /PRNewswire/ -- The electric vehicle charger market vendors should focus on grabbing business opportunities from the residential segment as it accounted for the largest market share in the base year.
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The market is anticipated to witness a healthy growth at a CAGR of 28.35%. This growth can be attributed to government incentives and subsidies for EV charging infrastructure developments and increasing EV sales through tax incentives pushing demand for well-built EV charger infrastructure.
Read the 120-page report with TOC on "Electric Vehicle Charger Market Analysis Report by End-user (residential and commercial), Type (slow charger and fast charger), and Geography (APAC, North America, Europe, South America, and MEA) Forecasts 2021-2025": https://www.technavio.com/report/electric-vehicle-charger-market-industry-analysis
The electric vehicle charger market share growth by the residential segment will be significant during the forecast period. The residential segment of the global EV charger market accounted for the highest volume and had attracted many new entrants in the market. Many models of EV chargers are currently available as the demand for residential overnight charging is increasing.
Major Five Electric Vehicle Charger Companies:
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Electric Vehicle Charger Market End-user Outlook (Revenue, th units, 2020-2025)
Electric Vehicle Charger Market Type Outlook (Revenue, th units, 2020-2025)
Electric Vehicle Charger Market Geography Outlook (Revenue, th units, 2020-2025)
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Related Reports on Consumer Discretionary Include:
Electric Vehicle Charger Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 28.35%
Market growth 2021-2025
26825.74 thousand units
YoY growth (%)
APAC, North America, Europe, South America, and MEA
Performing market contribution
APAC at 44%
Key consumer countries
China, US, Germany, France, and The Netherlands
Leading companies, competitive strategies, consumer engagement scope
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
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 forecast period,
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