Los Angeles, CA -- (SBWire) -- 08/07/2019 --The global electric car battery charger market is forecast to significantly benefit from increasing research and development of wireless charging pads. Wireless electric car battery charging could revolutionize the electric vehicle market, thus helping manufacturers to bank on some lucrative growth prospects. Strong government backing promoting the use of electric vehicles and electric vehicle chargers could further raise demand for electric car battery charger. In June 2019, Alameda Municipal Power in California, US announced that it will increase cash rebates for electric vehicle owners who have installed residential electric vehicle chargers.
Advent of new solutions could also help increase the growth of the global electric car battery charger market. In June 2019, it was announced that GBatteries is looking to improve electric vehicle charging speeds by launching a new pulse charging-related solution that uses AI and certain algorithms.
Manufacturers to Rely on Innovation and Collaboration Strategies to Gain Growth
The global electric car battery charger market marks the presence of top players such as Delphi Automotive PLC, General Electric Company, and Schneider Electric S.E. Players are foretold to concentrate on innovation to create effective solutions for common electric car battery charger problems such as those related to costs, efficiency, and compatibility. Innovation could be mainly focused on the development of fast charging solutions for electric vehicle owners.
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By Charging Type
? Automatic
? Manual
By Charger Type
? Float Charger
? Smart Charger
? Trickle Charger
According to analysts, automatic charging is prognosticated to collect a significant revenue share of the global electric car battery charger market. Manual charging, on the other hand, could continue to lose its market share to automatic charging. Among charger types, float charger is projected to attract a commanding share of the global market.
By Region
Regionally, Europe is forecast to show substantial growth in the global electric car battery charger market while riding on the high demand for automatic and smart electric car battery chargers. Asia Pacific could be a region expected to exhibit a considerable rise in the global market as Japan continues to focus on the innovation of electric car battery charger to create profit-making growth opportunities.
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Electric Car Battery Charger Market Report Focuses on Top Players in Regions (Europe, Asia-Pacific, United State), 2019-2025