Electric Vehicle Charger Market (By Vehicle Type: Plug-in Hybrid Vehicle (PHEV), Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV); By Charging Type; By End User) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2023-2032

The global electric vehicle charger market was surpassed at USD 8.97 billion in 2022 and is expected to hit around USD 106.11 billion by 2032, growing at a CAGR of 28.02% from 2023 to 2032.

Electric Vehicle Charger Market Size 2023 to 2032

Key Pointers

  • The plug-in hybrid vehicle (PHEV) segment dominated the global EV charger market in 2022 based on the type of vehicle.
  • In 2022, the on-board charger’s market had the majority of the global EV charger market share.
  • The residential segment of the global EV charger market accounted for the highest volume and attracted many new entrants in the market.
  • APAC is estimated to contribute 44.03% to the growth of the global market during the forecast period.
Report Coverage Details
Market Size in 2022 USD 8.97 billion
Revenue Forecast by 2032 USD 106.11 billion
Growth rate from 2023 to 2032 CAGR of 28.02%
Base Year 2022
Forecast Period 2023 to 2032
Regions Covered North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Covered ABB Ltd., Robert Bosch GmbH, Siemens AG, Delphi Automotive, Chroma ATE, Aerovironment Inc., Silicon Laboratories, Chargemaster PLC, Schaffner Holdings AG, POD Point

 

Chargers for electric cars (EVs), which have batteries and an electrical source to assist in charging the batteries, are used to provide charging for EVs. These vehicles can be charged at one of three charging levels, namely level 1, level 2, and level 3. Electric vehicles are less expensive than traditional petrol/diesel cars in terms of the purchase price as well as maintenance costs. The harmful gas-containing carbon footprints that are discharged into the atmosphere are decreased by electric automobiles.

To reduce carbon emissions, electric vehicles have become increasingly popular. Businesses are advancing their EV charging networks’ charging technologies quickly. Commercial venues have a much higher market penetration of EV charging equipment than residential areas do. According to predictions, there will be more commercial charging stations as EV adoption rises.

The rising costs of petroleum products and crude oil are one of the most significant factors influencing the EV Charger Market. Consumers in emerging market economies are already feeling the effects of the rising price of gasoline. Electric-powered vehicles are projected to have lower running costs than conventional vehicles. It is anticipated that manufacturers would create EVs with far superior batteries and longer usage times. A rise in demand for EVs and EV charging stations may also result from the falling price of EVs and the falling price of batteries.

The EV Charger Market is projected to grow as a result of rising government support for environmentally friendly and energy-efficient vehicles. The rising price of gasoline is already having an impact on consumers in developing nations. Electricity will be used to power electrical cars, which is projected to lower their operating costs. The government’s ongoing support, the rise in EV usage, the low initial cost of current EV charging technologies, and intensive R&D to speed up charging are all necessary for the EV Charger Market to expand.

The high initial cost of Level 3 fast chargers and ultra-fast chargers, however, is the main obstacle to the expansion of the EV Charger Market. People prefer to use fossil fuel-powered automobiles for 5-7 minutes, whereas level 1 and level 2 chargers might take anywhere from 6 to 16 hours to fully charge. As a result, there is a need in the market for rapid chargers that can charge EVs in under 30 minutes. A Level 3 charger can be fairly expensive at first, though. This serves as a deterrent to many who may otherwise switch to electric vehicles (EVs), as lengthy charging times may interfere with most people’s already hectic schedules.

Electric Vehicle Charger Market Segmentations:

By Vehicle Type By Charging Type By End User

Plug-in Hybrid Vehicle (PHEV)

Battery Electric Vehicle (BEV)

Hybrid Electric Vehicle (HEV)

On-board Charger

Off-board Charger

Residential

Commercial

Frequently Asked Questions

The global electric vehicle charger market size was reached at USD 8.97 billion in 2022 and it is projected to hit around USD 106.11 billion by 2032.

The global electric vehicle charger market is growing at a compound annual growth rate (CAGR) of 28.02% from 2023 to 2032.

The Asia Pacific region has accounted for the largest electric vehicle charger market share in 2022.

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Electric Vehicle Charger Market 

5.1. COVID-19 Landscape: Electric Vehicle Charger Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Electric Vehicle Charger Market, By Vehicle Type

8.1. Electric Vehicle Charger Market, by Vehicle Type, 2023-2032

8.1.1 Plug-in Hybrid Vehicle (PHEV)

8.1.1.1. Market Revenue and Forecast (2020-2032)

8.1.2. Battery Electric Vehicle (BEV)

8.1.2.1. Market Revenue and Forecast (2020-2032)

8.1.3. Hybrid Electric Vehicle (HEV)

8.1.3.1. Market Revenue and Forecast (2020-2032)

Chapter 9. Global Electric Vehicle Charger Market, By Charging Type

9.1. Electric Vehicle Charger Market, by Charging Type, 2023-2032

9.1.1. On-board Charger

9.1.1.1. Market Revenue and Forecast (2020-2032)

9.1.2. Off-board Charger

9.1.2.1. Market Revenue and Forecast (2020-2032)

Chapter 10. Global Electric Vehicle Charger Market, By End User 

10.1. Electric Vehicle Charger Market, by End User, 2023-2032

10.1.1. Residential

10.1.1.1. Market Revenue and Forecast (2020-2032)

10.1.2. Commercial

10.1.2.1. Market Revenue and Forecast (2020-2032)

Chapter 11. Global Electric Vehicle Charger Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Forecast, by Vehicle Type (2020-2032)

11.1.2. Market Revenue and Forecast, by Charging Type (2020-2032)

11.1.3. Market Revenue and Forecast, by End User (2020-2032)

11.1.4. U.S.

11.1.4.1. Market Revenue and Forecast, by Vehicle Type (2020-2032)

11.1.4.2. Market Revenue and Forecast, by Charging Type (2020-2032)

11.1.4.3. Market Revenue and Forecast, by End User (2020-2032)

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Forecast, by Vehicle Type (2020-2032)

11.1.5.2. Market Revenue and Forecast, by Charging Type (2020-2032)

11.1.5.3. Market Revenue and Forecast, by End User (2020-2032)

11.2. Europe

11.2.1. Market Revenue and Forecast, by Vehicle Type (2020-2032)

11.2.2. Market Revenue and Forecast, by Charging Type (2020-2032)

11.2.3. Market Revenue and Forecast, by End User (2020-2032)

11.2.4. UK

11.2.4.1. Market Revenue and Forecast, by Vehicle Type (2020-2032)

11.2.4.2. Market Revenue and Forecast, by Charging Type (2020-2032)

11.2.4.3. Market Revenue and Forecast, by End User (2020-2032)

11.2.5. Germany

11.2.5.1. Market Revenue and Forecast, by Vehicle Type (2020-2032)

11.2.5.2. Market Revenue and Forecast, by Charging Type (2020-2032)

11.2.5.3. Market Revenue and Forecast, by End User (2020-2032)

11.2.6. France

11.2.6.1. Market Revenue and Forecast, by Vehicle Type (2020-2032)

11.2.6.2. Market Revenue and Forecast, by Charging Type (2020-2032)

11.2.6.3. Market Revenue and Forecast, by End User (2020-2032)

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Forecast, by Vehicle Type (2020-2032)

11.2.7.2. Market Revenue and Forecast, by Charging Type (2020-2032)

11.2.7.3. Market Revenue and Forecast, by End User (2020-2032)

11.3. APAC

11.3.1. Market Revenue and Forecast, by Vehicle Type (2020-2032)

11.3.2. Market Revenue and Forecast, by Charging Type (2020-2032)

11.3.3. Market Revenue and Forecast, by End User (2020-2032)

11.3.4. India

11.3.4.1. Market Revenue and Forecast, by Vehicle Type (2020-2032)

11.3.4.2. Market Revenue and Forecast, by Charging Type (2020-2032)

11.3.4.3. Market Revenue and Forecast, by End User (2020-2032)

11.3.5. China

11.3.5.1. Market Revenue and Forecast, by Vehicle Type (2020-2032)

11.3.5.2. Market Revenue and Forecast, by Charging Type (2020-2032)

11.3.5.3. Market Revenue and Forecast, by End User (2020-2032)

11.3.6. Japan

11.3.6.1. Market Revenue and Forecast, by Vehicle Type (2020-2032)

11.3.6.2. Market Revenue and Forecast, by Charging Type (2020-2032)

11.3.6.3. Market Revenue and Forecast, by End User (2020-2032)

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Forecast, by Vehicle Type (2020-2032)

11.3.7.2. Market Revenue and Forecast, by Charging Type (2020-2032)

11.3.7.3. Market Revenue and Forecast, by End User (2020-2032)

11.4. MEA

11.4.1. Market Revenue and Forecast, by Vehicle Type (2020-2032)

11.4.2. Market Revenue and Forecast, by Charging Type (2020-2032)

11.4.3. Market Revenue and Forecast, by End User (2020-2032)

11.4.4. GCC

11.4.4.1. Market Revenue and Forecast, by Vehicle Type (2020-2032)

11.4.4.2. Market Revenue and Forecast, by Charging Type (2020-2032)

11.4.4.3. Market Revenue and Forecast, by End User (2020-2032)

11.4.5. North Africa

11.4.5.1. Market Revenue and Forecast, by Vehicle Type (2020-2032)

11.4.5.2. Market Revenue and Forecast, by Charging Type (2020-2032)

11.4.5.3. Market Revenue and Forecast, by End User (2020-2032)

11.4.6. South Africa

11.4.6.1. Market Revenue and Forecast, by Vehicle Type (2020-2032)

11.4.6.2. Market Revenue and Forecast, by Charging Type (2020-2032)

11.4.6.3. Market Revenue and Forecast, by End User (2020-2032)

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Forecast, by Vehicle Type (2020-2032)

11.4.7.2. Market Revenue and Forecast, by Charging Type (2020-2032)

11.4.7.3. Market Revenue and Forecast, by End User (2020-2032)

11.5. Latin America

11.5.1. Market Revenue and Forecast, by Vehicle Type (2020-2032)

11.5.2. Market Revenue and Forecast, by Charging Type (2020-2032)

11.5.3. Market Revenue and Forecast, by End User (2020-2032)

11.5.4. Brazil

11.5.4.1. Market Revenue and Forecast, by Vehicle Type (2020-2032)

11.5.4.2. Market Revenue and Forecast, by Charging Type (2020-2032)

11.5.4.3. Market Revenue and Forecast, by End User (2020-2032)

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Forecast, by Vehicle Type (2020-2032)

11.5.5.2. Market Revenue and Forecast, by Charging Type (2020-2032)

11.5.5.3. Market Revenue and Forecast, by End User (2020-2032)

Chapter 12. Company Profiles

12.1. ABB Ltd.

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. Robert Bosch GmbH

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. Siemens AG

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. Delphi Automotive

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. Chroma ATE

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. Aerovironment Inc.

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. Silicon Laboratories

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. Chargemaster PLC

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. Schaffner Holdings AG

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

12.10. POD Point

12.10.1. Company Overview

12.10.2. Product Offerings

12.10.3. Financial Performance

12.10.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

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