30 Nov -0001
Rockville, Md. The global electric car battery charger market is set to grow from about US$ 1 Bn in 2017 to US$ 1.2498 Bn by 2022, according to Fact.MR, as consumers and manufacturers lean together toward green and sustainable technology. Rising adoption of new mobility solutions is feeding new car sales, and growing production complexity is pushing OEMs to add more charger derivatives to their ranges.
Europe is the largest region, automatic charging is the fastest-rising type, and float chargers dominate the product mix. The 12V-48V power range accounts for the bulk of value.
Automatic charging is gaining ground quickly, adding around US$ 40 Mn in value a year and heading toward about 84% of market value by 2022, the largest absolute growth of any segment. Float chargers hold more than three-fifths of value in 2017, while smart chargers see steady adoption across developed European markets. The 12V-48V power range makes up about 85% of value in 2017. By application, public facilities account for roughly a quarter of revenue, alongside home use growing at a moderate pace.
Europe is the largest regional market at nearly a third of revenue in 2017, while Japan adds an incremental opportunity of about US$ 15 Mn over the period.
The market runs on the shift to cleaner transport. As electric mobility spreads and charging technology advances, demand for chargers climbs, though macro factors such as fluctuating oil prices, economic swings, supply chain gaps and commodity price inflation will shape the pace of growth and production.
The field brings together charging network operators and electrical equipment makers.
For manufacturers, growth favours automatic and smart charging alongside the dominant float and 12V-48V lines. Investors get a market with steady, electrification-led demand. Procurement teams can plan around float chargers carrying volume, automatic charging leading growth, and Europe offering the largest opportunity through 2022.
Fact.MR's study covers the global electric car battery charger market for the 2017 to 2022 forecast period, with segmentation by charging type, product type, application, power range and region. It sizes each segment, maps the competitive field, and weighs the demand forces shaping the market. Further detail is available in the electric car battery charger market report.
Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. The firm is known for its syndicated research, custom research and consulting solutions, helping clients make decisions on demand, competition, investment, procurement and future growth.
Electric Car Battery Charger Market
Free SampleAbout Fact.MR
Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. We are known for our syndicated research, custom research, and consulting solutions.