Business news

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

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.

Click Here To get a Sample Report (Including Full TOC, Table & Figures):-https://www.factmr.com/connectus/sample?flag=S&rep_id=4

Supriya Bhor

Supriya Bhor is Assistant Manager for the Digital Marketing department at Fact.MR. With sound research skills and her own style of writing thought leadership articles, she has extensively covers developments in several research domains and industries.

Recent Posts

Automotive Ethernet Market Considerable Growth is Anticipated Beyond 2028

As per the report published by Fior Markets, the global automotive ethernet market is expected…

2 hours ago

A2P Messaging Market Estimated to Expand at a Robust CAGR of 3% by 2028

As per the report published by Fior Markets, the global A2P messaging market is expected…

2 hours ago

IoT Gateway Devices Market to see Incredible Growth USD 28.85 Billion by 2028

As per reports published by Fior Markets, The IoT Gateway Devices market is expected to…

2 hours ago

Home Medical Equipment Market | Technological Advancements and Compliance Benefits to Boost Growth

Global home medical equipment market is projected to reach USD 53.14 billion by 2028, at…

2 hours ago

Why Intelligent Document Processing Is Essential for Modern Businesses

Modern businesses deal with large volumes of data every single day. But when it comes…

4 hours ago

The Gold Content of the PMP Certificate

Many people on the Internet are now asking, since the PMP certification was initiated by…

6 hours ago