Global Electric Car Charger Market Report 2021: COVID-19 Growth and Change
Business Research Company’s Global Electric Car Charger Market Report 2021: COVID-19 Growth and Change
LONDON, GREATER LONDON, UK, March 16, 2021 /EINPresswire.com/ – Our reports have been revised regarding market size, forecasts and strategies for 2021 following the impact of COVID-19: https: //www.thebusinessresearchcompany. com / global-market-reports
Growing technological advances are shaping the market for chargers for electric cars. Large electric car charger companies are focused on developing technologically advanced solutions for electric car chargers. For example, in February 2020, the Bengaluru-based start-up Kirana Charzer launched an electric vehicle charger that can be installed in small shops and businesses to accelerate the expansion of the electric vehicle charging system in the region. Kirana Charzer can be operated by any user in the Charzer application to deliver public EV charges and generate income through the charging station.
Further market trends according to the market analysis for EV chargers are mergers and acquisitions. In June 2018, Webasto, a Germany-based company that makes sunroofs, chargers for electric cars, and air conditioning, acquired AeroVironment’s charging and test systems business from AeroVironment for $ 35 million. AeroVironment is an American aircraft company. This strategic acquisition accelerates the global development of Webasto’s charging business. The takeover of the Efficient Energy Systems (EES) business unit from AeroVironment by Webasto contributes to the company’s dual strategy. With this strategy, Webasto is strengthening its existing core business areas of sunroofs, convertibles and thermal systems and is participating in new business areas with a focus on battery systems and plug-in charging solutions for electric vehicles.
Major players in the electric car charger market are Leviton Manufacturing Co. Inc., ABB Ltd., Siemens AG, Schneider Electric Corp., AeroVironment Inc., Eaton, Evatran LLC, Tesla Motors Inc., Delphi Automotive Plc., Bosch Automotive Service Solutions Inc., Elektromotive Ltd., Hubbell Device-Kellems, Legrand, TurboDock, GE, Chargepoint and Blink.
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The global electric car charger market is forecast to grow from $ 2.24 billion in 2020 to $ 2.96 billion in 2021, with an average annual growth rate (CAGR) of 31.97%. The growth is mainly due to companies resuming business and adjusting to the new normal while recovering from the effects of COVID-19 that previously resulted in restrictive containment measures, social distancing, remote working and recruitment commercial activities resulted in operational challenges. The EV Charging Station market size is projected to reach USD 10.31 billion in 2025 with an annual growth rate of 36.6%. The Asia-Pacific region has the largest market share in chargers for electric vehicles. Other regions covered in the TBRC report include Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
The global electric car charger market is divided into low speed AC, high speed AC, high speed DC by type, and home, office and commercial by application.
Global Electric Car Charger Market Report 2021: COVID-19 Growth and Change is part of a series of new reports from The Business Research Company that include an overview of the Electric Car Charger Market, a Forecast of Electric Car Charger Market Size and Growth for the Entire Electric Car Market provide Chargers Market Segments and Regions, Electric Car Charger Market Trends, Electric Car Charger Market Drivers, Restrictions, Revenues, Profiles, and Market Shares of Leading Competitors.
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Here is a list of similar reports from the Business Research Company:
Electric Vehicle Charging Stations Equipment Global Market Report 2020-30: COVID 19 Growth And Change
Global Electric Car Market Report 2021: COVID 19 Growth and Change by 2030
Connected Cars Global Market Report 2021: COVID 19 Growth and Change by 2030
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March 16, 2021 08:55 GMT
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