Market Overview
Market Research Future (MRFR)believes that the electric vehicle battery charger market 2020 couldpotentially record a CAGR of 14.3% between 2019 and 2025 (appraisal period). Wewill provide COVID-19 impact analysis with the report, offering detailed marketdevelopments following the coronavirus disease outbreak.
Get Inside Scoop of the report, request for FREE sample @https://www.marketresearchfuture.com/sample_request/7937
Key Boosters and Main Barriers
Although 2020 has observed atumultuous time and the automotive industry has been facing financial losses,the silver lining can be the increasing number of electric vehicles seen on theroad. With the promising increase in the sales of EVs despite the COVID-19outbreak, experts project favorable growth prospects. Considering the effect ofthe pandemic on the worldwide automotive market, governments are proactivelytaking up essential steps to promote the use of electric vehicles, with one ofthe main agendas cited to be the rising environmental issues. Therefore, mostgovernments following the spread of SARS-CoV-2 as well as the consequentlockdown have steered their focus on infrastructure development in a bid torestore the economy once again.
The electric vehicle batterycharger market seems to be recovering quite well, especially with the stronggovernment backing post the novel coronavirus. To cite a reference, thegovernment in China is now providing stimulation packages for facilitatingimprovements in numerous electric vehicle battery charging stations across thecountry. With the escalating focus on the EV battery charging infrastructure,the market is bound to note exponential growth this year and many more. E-rickshaws,e-two-wheelers and e-autos are emerging as potential markets for electrificationin several developing countries such as India.
Going forward, since gasoline isnot a renewable energy source and can exhaust very soon in the future, the needfor alternative fuel has soared considerably across the globe. This growingneed can be quite favorable for electric vehicles, since these are more affordableand eco-friendly compared to conventional vehicles. The widespread preferencefor fuel-efficient vehicles has been the result of the steep increase in priceof diesel and petrol, in the wake of the decreasing fossil fuel reserves. Allthis factors can culminate into top boosters in the electric vehicle batterycharger market. Further, more and more companies are sensing the opportunitiesin the EV battery charger market, and are busy planning to launch new andadvanced models that can cater to future growth in consumer demands.
For instance, reports confirmedin July 2020 that Toyota will be joining hands with Panasonic to start with theproduction of solid-state batteries by 2025. The primary focus will be onhydrogen fuel-cell and hybrid vehicles to achieve the main goal that is the greenstrategy.
Segmental Analysis
The EV battery charger industryhas been considered for electric vehicle type, level of charging, andapplication.
The various electric vehicletypes listed in the study are plug-in hybrid electric vehicle and batteryelectric vehicle.
Depending on charging, the globalmarket caters to level 1, level 2, and level 3.
The application-wise marketsegments can be public as well as private.
Regional Insight
The electric vehicle batterycharger market can be regionally dissected into Europe, North America, AsiaPacific/APAC as well as RoW/the Rest of the world.
The APAC market for electricvehicle battery charger is currently thriving and can emerge as the globalleader during the assessment period. MRFR cites the surge in governmentinitiatives, strict automotive policies, and the economical aspect of electricvehicles as well as charging stations to be responsible for APAC’s prominence.The fact that China is the global leader in terms of electric vehicles alsouplifts the market position in the region. Also, with China having set targetspertaining to the growth of electric vehicles and aiming for close to 5 millionEVs by 2020, the APAC market is bound to be presented with attractiveopportunities in the ensuing period.
The rampant demand for MaaS/Mobility as a Service model across the United States as led to substantial ElectricVehicle Battery Charger Market growth in North America. The electricvehicle battery charger market further benefits from the utilities’ risingfocus on subscription-based charging models, which involves utilities likeVattenfall AB, New York Power Authority and Duke Energy Corporation comingtogether with OEMs to provide affordable subscription services to customers.Also, with manufacturers in the region now more interested in improvingcommercial and residential EV chargers to facilitate expanded vehicle range aswell as higher availability, the North America market can witness a smooth runbetween 2019 and 2025.
Esteemed Market Firms
Some of the most esteemed firmsin the electric vehicle battery charger market include Current Ways Inc. (US),Baccus Global LLC (US), Tesla (US), Meta Systems S.P.A (Italy), LG Electronics(South Korea), Robert Bosch GmbH (Germany), Delphi Automotive LLP (Ireland),CTEK Holding AB (Sweden), IES Synergy (France), Schumacher Electric Corporation(US), Lear Corporation (US), Clore Automotive LLC (US), FicosaInternacional SA(Spain), to name a few.
Table Of Contents
1. Executive Summary
2. Scope Of The Report
2.1. Market Definition
2.2. Scope Of The Study
2.2.1. Definition
2.2.2. Research Objective
2.2.3. Assumptions
2.2.4. Limitations
2.3. Research Process
2.3.1. Primary Research
2.3.2. Secondary Research
2.4. Market Size Estimation
2.5. Forecast Model
3. Market Landscape
3.1. Porter’s Five Forces Analysis
3.1.1. Threat Of New Entrants
3.1.2. Bargaining Power Of Buyers
3.1.3. Threat Of Substitutes
3.1.4. Segment Rivalry
3.1.5. Bargaining Power Of Buyers
3.2. Value Chain/Supply Chain Analysis
Buy This Complete Business Report@https://www.marketresearchfuture.com/checkout?currency=one_user-USD&report_id=7937
About Market Research Future:
Market Research Future (MRFR) isa global market research firm that takes great pleasure in its services,providing a detailed and reliable study of diverse industries and consumersworldwide. MRFR's methodology integrates proprietary information with differentdata sources to provide the client with a comprehensive understanding of thecurrent key trends, upcoming events, and the steps to be taken based on thoseaspects.
Our rapidly expanding marketresearch company is assisted by a competent team of research analysts whoprovide useful analytics and data on technological and economic developments.Our deemed analysts make industrial visits and collect valuable informationfrom influential market players. Our main goal is to keep our clients informedof new opportunities and challenges in various markets. We offer step-by-stepassistance to our valued clients through strategic and consulting services toreach managerial and actionable decisions.
Contact Us:
Market Research Future
Office No. 524/528, AmanoraChambers
Magarpatta Road, Hadapsar
Pune - 411028
Maharashtra, India
+1 646 845 9312
