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The global Electric Charger market size was valued at USD 4607.42 Million in 2022 and will reach USD 26480.68 Million in 2028, with a CAGR of 33.84% during 2022-2028.
Electric Charger is a device to supplement electric energy for electric vehicles, which can be divided into On-board Chargers and Off-board Chargers, mainly for residential use and commercial use. This report studies the global Electric Charger market.
Under the influence of the epidemic, the electric charger has not been used for a long time, the equipment will be damaged if it is not repaired, and the electric vehicle charging station needs to be repaired again, which will increase the cost. In addition, many places were not repaired in time, customers could not charge in time, or machines broke down, resulting in fewer customers using electric chargers during the epidemic period, which could not make profits, and hindered the development of electric charger industry. The COVID-19 epidemic has affected the factories that manufacture electric chargers, that is, a large number of workers can't return to work on time, orders can't be completed on time, and companies lack cash flow and are facing a crisis of bankruptcy.
Drivers
Environmental pollution is becoming more and more serious, and people attach importance to sustainable development. Compared with traditional fuel vehicles, electric vehicles will not pollute the environment. The proposal of sustainable development makes people more inclined to choose electric vehicles, so the proposal of sustainable development increases the demand of electric vehicles, and promote the demand of Electric Charger is increasing.
Competition in the industry is fierce
There are many companies that can join the Electric Charger industry. Some companies operate in this field of Electric Charger and continue to expand their business scope. Through acquisitions and mergers in the market, the industry is highly competitive, and each company expands its sales market in different ways, thereby increasing its market share. Therefore, companies in the Electric Charger industry are facing huge challenges. Enterprises should formulate investment development strategies, innovate products, and promote their own development.
Region Overview:
In global comparison, a significant portion of the revenue was generated in North America (30.6% in 2021).
Company Overview:
Schneider Electric is one of the major players operating in the Electric Charger market, holding a share of 8.19% in 2021.
Schneider Electric
Schneider Electric is a company that creates products that help people conserve energy. Schneider Electric is a global leader in energy efficiency management and automation, focusing on power management, process and machine management, information technology room management, building management, safety management, industrial software design, simulation and optimization, industrial automation and control, and safety systems and instruments.
Wanma
As a key high-tech enterprise in China, Wanma is at the leading level in the fields of wire and cable, polymer materials, special cables and charging facilities for new energy vehicles from hardware facilities to technical strength.
Segmentation Overview:
Among different product types, Off-board Chargers segment is anticipated to contribute the largest market share in 2027.
On-board Chargers
On-board Chargers are installed on vehicles and designed for slow charging speed, that is, it takes longer to charge. The advantage of On-board Chargers is that batteries can be charged anywhere there is a power outlet.
Off-board Chargers
Off-board Chargers are not limited by size and weight, and keep redundancy in power electronic converters, which increases the flexibility of the system.
Application Overview:
In the Electric Charger market, 64.35% of the total value was generated through the Residential segment by application in 2021.
The Electric Charger market report covers sufficient and comprehensive data on market introduction, segmentations, status and trends, opportunities and challenges, industry chain, competitive analysis, company profiles, and trade statistics, etc. It provides in-depth and all-scale analysis of each segment of types, applications, players, 5 major regions and sub-division of major countries, and sometimes end user, channel, technology, as well as other information individually tailored before order confirmation.
Meticulous research and analysis were conducted during the preparation process of the report. The qualitative and quantitative data were gained and verified through primary and secondary sources, which include but not limited to Magazines, Press Releases, Paid Databases, Maia Data Center, National Customs, Annual Reports, Public Databases, Expert interviews, etc. Besides, primary sources include extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs, and marketing executives, downstream distributors, as well as end-clients.
In this report, the historical period starts from 2018 to 2022, and the forecast period ranges from 2023 to 2028. The facts and data are demonstrated by tables, graphs, pie charts, and other pictorial representations, which enhances the effective visual representation and decision-making capabilities for business strategy.
Key Companies in the global Electric Charger market covered in Chapter 4:
ABB Ltd.
Aptiv
Siemens AG
Robert Bosch GmbH
Wanma
POD Point
Webasto
Alfen BV
Delta
Kstar
Hagger
Schneider Electric
In Chapter 12 and Chapter 14.1, on the basis of types, the Electric Charger market from 2018 to 2028 is primarily split into:
On-board Chargers
Off-board Chargers
In Chapter 13 and Chapter 14.2, on the basis of the Downstream Industry, the Electric Charger market from 2018 to 2028 covers:
Residential
Commercial
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, history and forecast (2018-2028) of the following regions are covered in Chapters 6, 7, 8, 9, 10, 11, 15:
North America (United States, Canada, Mexico)
Europe (Germany, United Kingdom, France, Italy, Spain)
Asia Pacific (China, Japan, South Korea, India, Southeast Asia)
South America (Brazil, Argentina)
Middle East & Africa (Saudi Arabia, UAE, South Africa)
Outline:
Chapter 1 begins with the Electric Charger market scope and definition, product segment introduction, global overall market size, as well as market dynamics scenarios such as opportunities, challenges, and industry development trends under inflation. It offers a high-level view of the current state of the Electric Charger market and its likely evolution in the short to mid-term and long term.
Chapter 2 provides Electric Charger industry chain analysis, covering raw materials analysis, cost structure, price estimate, and forecast, along with price-impacting factors, downstream channels, and major customers. It aims to help readers to grab insights into product upstream, midstream, and downstream fields.
Chapter 3 depicts Electric Charger industry competitive analysis regarding market concentration rate, saturation rate, feasibility analysis from new entrants, as well as substitute's status and trends. It indicates the developing space and prospects of the current industry.
Chapter 4 analyzes extensive company profiles, comprising company basic info, product or service profiles, and sales, price, value, gross, and gross margin 2018-2023. It incorporates the Electric Charger market ranking, benchmarks, and company business portfolio.
Chapter 5 presents trade statistics of import and export volume from 2018-2023, demonstrating domestic and international market comparisons in specific countries.
Chapters 6-10 highlight Electric Charger market status at the regional and country levels, including 5 major regions of North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. The region and country list in the sample is only for reference, and it can be adjusted as required.
Chapter 11 involves geographical market figures of sales, value, market share, and growth rate. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of each specific region.
Chapters 12-13 evaluate the Electric Charger market based on different types and applications. It focuses on sales and value of 2018-2023 from both vertical and horizontal perspectives.
Chapters 14-15 elaborate on the Electric Charger market forecast data from 2023-2028, segmented by types and applications, regions, and major countries, helping readers to know future aspects and growth trends.
Chapter 16 ends with an elaboration of data sources and research methodology. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
2022
Electric Charger is a device to supplement electric energy for electric vehicles, which can be divided into On-board Chargers and Off-board Chargers, mainly for residential use and commercial use. This report studies the global Electric Charger market.
Under the influence of the epidemic, the electric charger has not been used for a long time, the equipment will be damaged if it is not repaired, and the electric vehicle charging station needs to be repaired again, which will increase the cost. In addition, many places were not repaired in time, customers could not charge in time, or machines broke down, resulting in fewer customers using electric chargers during the epidemic period, which could not make profits, and hindered the development of electric charger industry. The COVID-19 epidemic has affected the factories that manufacture electric chargers, that is, a large number of workers can't return to work on time, orders can't be completed on time, and companies lack cash flow and are facing a crisis of bankruptcy.
Drivers
Environmental pollution is becoming more and more serious, and people attach importance to sustainable development. Compared with traditional fuel vehicles, electric vehicles will not pollute the environment. The proposal of sustainable development makes people more inclined to choose electric vehicles, so the proposal of sustainable development increases the demand of electric vehicles, and promote the demand of Electric Charger is increasing.
Competition in the industry is fierce
There are many companies that can join the Electric Charger industry. Some companies operate in this field of Electric Charger and continue to expand their business scope. Through acquisitions and mergers in the market, the industry is highly competitive, and each company expands its sales market in different ways, thereby increasing its market share. Therefore, companies in the Electric Charger industry are facing huge challenges. Enterprises should formulate investment development strategies, innovate products, and promote their own development.
Region Overview:
In global comparison, a significant portion of the revenue was generated in North America (30.6% in 2021).
Company Overview:
Schneider Electric is one of the major players operating in the Electric Charger market, holding a share of 8.19% in 2021.
Schneider Electric
Schneider Electric is a company that creates products that help people conserve energy. Schneider Electric is a global leader in energy efficiency management and automation, focusing on power management, process and machine management, information technology room management, building management, safety management, industrial software design, simulation and optimization, industrial automation and control, and safety systems and instruments.
Wanma
As a key high-tech enterprise in China, Wanma is at the leading level in the fields of wire and cable, polymer materials, special cables and charging facilities for new energy vehicles from hardware facilities to technical strength.
Segmentation Overview:
Among different product types, Off-board Chargers segment is anticipated to contribute the largest market share in 2027.
On-board Chargers
On-board Chargers are installed on vehicles and designed for slow charging speed, that is, it takes longer to charge. The advantage of On-board Chargers is that batteries can be charged anywhere there is a power outlet.
Off-board Chargers
Off-board Chargers are not limited by size and weight, and keep redundancy in power electronic converters, which increases the flexibility of the system.
Application Overview:
In the Electric Charger market, 64.35% of the total value was generated through the Residential segment by application in 2021.
The Electric Charger market report covers sufficient and comprehensive data on market introduction, segmentations, status and trends, opportunities and challenges, industry chain, competitive analysis, company profiles, and trade statistics, etc. It provides in-depth and all-scale analysis of each segment of types, applications, players, 5 major regions and sub-division of major countries, and sometimes end user, channel, technology, as well as other information individually tailored before order confirmation.
Meticulous research and analysis were conducted during the preparation process of the report. The qualitative and quantitative data were gained and verified through primary and secondary sources, which include but not limited to Magazines, Press Releases, Paid Databases, Maia Data Center, National Customs, Annual Reports, Public Databases, Expert interviews, etc. Besides, primary sources include extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs, and marketing executives, downstream distributors, as well as end-clients.
In this report, the historical period starts from 2018 to 2022, and the forecast period ranges from 2023 to 2028. The facts and data are demonstrated by tables, graphs, pie charts, and other pictorial representations, which enhances the effective visual representation and decision-making capabilities for business strategy.
Key Companies in the global Electric Charger market covered in Chapter 4:
ABB Ltd.
Aptiv
Siemens AG
Robert Bosch GmbH
Wanma
POD Point
Webasto
Alfen BV
Delta
Kstar
Hagger
Schneider Electric
In Chapter 12 and Chapter 14.1, on the basis of types, the Electric Charger market from 2018 to 2028 is primarily split into:
On-board Chargers
Off-board Chargers
In Chapter 13 and Chapter 14.2, on the basis of the Downstream Industry, the Electric Charger market from 2018 to 2028 covers:
Residential
Commercial
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, history and forecast (2018-2028) of the following regions are covered in Chapters 6, 7, 8, 9, 10, 11, 15:
North America (United States, Canada, Mexico)
Europe (Germany, United Kingdom, France, Italy, Spain)
Asia Pacific (China, Japan, South Korea, India, Southeast Asia)
South America (Brazil, Argentina)
Middle East & Africa (Saudi Arabia, UAE, South Africa)
Outline:
Chapter 1 begins with the Electric Charger market scope and definition, product segment introduction, global overall market size, as well as market dynamics scenarios such as opportunities, challenges, and industry development trends under inflation. It offers a high-level view of the current state of the Electric Charger market and its likely evolution in the short to mid-term and long term.
Chapter 2 provides Electric Charger industry chain analysis, covering raw materials analysis, cost structure, price estimate, and forecast, along with price-impacting factors, downstream channels, and major customers. It aims to help readers to grab insights into product upstream, midstream, and downstream fields.
Chapter 3 depicts Electric Charger industry competitive analysis regarding market concentration rate, saturation rate, feasibility analysis from new entrants, as well as substitute's status and trends. It indicates the developing space and prospects of the current industry.
Chapter 4 analyzes extensive company profiles, comprising company basic info, product or service profiles, and sales, price, value, gross, and gross margin 2018-2023. It incorporates the Electric Charger market ranking, benchmarks, and company business portfolio.
Chapter 5 presents trade statistics of import and export volume from 2018-2023, demonstrating domestic and international market comparisons in specific countries.
Chapters 6-10 highlight Electric Charger market status at the regional and country levels, including 5 major regions of North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. The region and country list in the sample is only for reference, and it can be adjusted as required.
Chapter 11 involves geographical market figures of sales, value, market share, and growth rate. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of each specific region.
Chapters 12-13 evaluate the Electric Charger market based on different types and applications. It focuses on sales and value of 2018-2023 from both vertical and horizontal perspectives.
Chapters 14-15 elaborate on the Electric Charger market forecast data from 2023-2028, segmented by types and applications, regions, and major countries, helping readers to know future aspects and growth trends.
Chapter 16 ends with an elaboration of data sources and research methodology. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
