Electric Car Charger Global Market Sees Growth Rate Of 35% Through 2026

The global electric car charger market size is expected to grow from $2.96 billion in 2021 to $3.98 billion in 2022 at a compound annual growth rate (CAGR) of 34.3%. The change in the electric car charger market growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2021. The market is expected to reach $13.30 billion in 2026 at a CAGR of 35.2%.

What is the Global Electric Car Charger Market?

The electric car chargers market consists of sales of electric-car chargers by entities (organizations, sole traders and partnerships) that manufacture electric-car chargers. The charging point for electric vehicles is a device that links an electric vehicle (EV) to a source of electricity for electric cars, community electric vehicles and plug-in hybrids.

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The increasing demand for electric vehicles owing to growing environmental awareness is expected to drive the growth of the electric car charger market over the coming years. The world is moving towards electrified transportation to reduce the emissions of pollution from non-renewable fossil fuel vehicles and to offer transport with a substitute to costly fuel. Therefore, the increasing sales of electric vehicles drive the growth of the electric car charger market.

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Global Electric Car Charger Market Segments
The global electric car charger market is segmented:
By Type: Slow AC, Fast AC, Fast DC
By Vehicle Type: Battery Electric Vehicle (BEV), Plug-In Hybrid Electric Vehicle (PHEV), Hybrid Electric Vehicle (HEV)
By Charging Infrastructure Type: CCS, CHADEMO, Normal Charge, Tesla Super Charger, Type 2 (IEC 621196)
By Application: Home, Office, Commercial
By Geography: The regions covered in the electric car charger market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Electric Car Charger Global Market Report 2022 provides market size and growth forecasts for the global electric car charger market, global electric car charger market share, electric car charger market segments and geographies, electric car charger market competitive landscape including leading competitors’ revenues, profiles and market shares. The electric car charger market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Electric Car Charger Industry Players include Leviton Manufacturing Co. Inc, ABB Ltd., Siemens AG, Schneider Electric Corp, AeroVironment Inc., Eaton, Evatran LLC, Tesla Motors Inc., Delphi Automotive Plc., and Bosch Automotive Service Solutions Inc. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.