Global Electric Vehicle Charger market to grow at a CAGR of 28.28% over the period 2015-2019
Deerfield Beach, FL -- (SBWIRE) -- 08/21/2015 -- Global Electric Vehicle Charger market to grow at a CAGR of 28.28% over the period 2015-2019. An EVC, technically known as EVSE, is an electrical device that consists of a box with a cord and a plug. It is used to connect the electric power source, such as a wall socket, to an EV and recharge the batteries installed in the EV. A majority of EV manufacturers provide and install an EVSE along with the EV. EV owners often purchase an additional EVC for installation at an alternate location or as a replacement for an existing malfunctioned EVC. There is high demand for EVCs in the growing Global EV Charging Station market.
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Governments are taking an active interest in reducing emission levels through promoting clean and efficient means of transportation, and finding alternatives to gasoline and diesel-based vehicles.
The latest report emphasizes the growing focus on extending the life of lithium-ion batteries, which are already used in a variety of applications like cellphones, laptops, electric bikes, electric scooters, UPS systems and transit buses.
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"Lithium-ion batteries have completely replaced lead-acid batteries, since lithium has the highest electrochemical potential of all metals and these batteries have high energy and power densities. These features have improved the performance and efficiency of micro electric vehicles,".
Covered in this Report
This report covers the present scenario and the growth prospects of the Global EVC market for the period 2014-2018. To calculate the market size, the report considers the revenue generated from the three segments: Wired AC EVC, DC EVC, and Wireless EVC. It presents the vendor landscape and a corresponding detailed analysis of the top four vendors in the Global EVC market. In addition, the report discusses the major drivers that influence the growth of the Global EVC market. It also outlines the challenges faced by vendors and the market at large, as well as the key trends that will contribute to the growth of the market.
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Global EVC market, has been prepared based on an in-depth market analysis with inputs from industry experts The report covers the Americas, and the EMEA and APAC regions; it also covers the Global EVC market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
With growing concerns surrounding environmental protection and the reduction of greenhouse gas emissions, micro electric vehicles have become a strong alternative and the most viable solution to the problem of emissions. Quadricycles and similar vehicles have gained a solid reputation among consumers, which will boost the prospects for the Global EVC Market through the projected period.