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Electric Car Battery Charger Market will Reach Revenues Worth US$ 1.2 Billion by 2031

Electric Car Battery Charger Market

The global market for electric car battery chargers is being influenced by consumers’ and manufacturers’ mutual preference for green and sustainable technologies. The impact of shifting focus towards green technology is elucidated in Fact.MR’s study on the worldwide electric car battery charger market, which also considers the impact of innovative battery charging methods in the automotive sector.

The influence of increased adoption of new mobility options on new car sales is predicted to benefit manufacturers of electric car battery chargers. According to the report, as the production of electric vehicle battery chargers becomes more difficult, OEMs are being compelled to add additional derivatives to their existing car battery charger offers.

Through 2031, Europe is predicted to remain the largest market for electric car battery chargers. By the end of 2021, the European electric car battery charger market is expected to account for about a third of global sales.

The electric car battery chargers market in Japan is expected to provide an absolute incremental potential of US$ 15 million throughout the evaluation period.

Home applications of electric car battery chargers are expected to expand at a moderate CAGR globally. Electric car battery charges at public facilities will account for nearly one-fourth of global market revenues in 2021.
Chargers for automobile batteries with a power capacity range of 12V-48V will be in high demand, accounting for 85 percent of global revenue by 2031.

Chargemaster Plc., ClipperCreek Inc., EVgo Service LLC, ChargePoint Inc., Schneider Electric S.E., Tesla Inc., Sema Connect Inc., Leviton Manufacturing Co., Inc., POD Point Ltd., ABB Ltd., Delphi Automotive Plc., and General Electric Company are among the key players in the global electric car battery chargers market profiled in the report.

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