Market Industry Reports (MIR) has published a new report titled “Plug-in Electric Vehicle Battery Charging - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the global Plug-in Electric Vehicle Battery Charging market accounted for over US$ 3.0 billion by 2019. The market is anticipated to grow at a CAGR of ~35.0% from 2019 to 2030.
New York, NY -- (SBWIRE) -- 03/04/2020 -- The high cost of electrical vehicles and its charging infrastructure, lack of standardization in charging plugs, the event of wireless charging systems, and battery swapping options are affecting market growth adversely.
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Key Players Of Plug-in Electric Vehicle Battery Charging market include Tesla, Chargepoint, Inc, Bosch Automotive Service Solutions Inc, Delphi Technologies, Siemens, Eaton, Leviton Manufacturing Co.Inc., Schneider Electric, General Electric, And Baccus Global Llc, Among Others.
Plug-in Electric Vehicle Battery Charging Market Segmentation Market:
By Charger Type:
-AC Charger
-DC Charger
By Connector:
-CCS
-CHAdeMO
By Region:
-North America
-Europe
-Asia Pacific
-Rest of the World (ROW)
By Application:
-Private
-Commercial
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Plug-in electric vehicle battery charging systems are used to charge the batteries of electric vehicles and hybrid plug-in electric vehicles by connecting such vehicles to an external source of electricity. In 2018, over 5 million electric & hybrid electric cars were sold worldwide with an increase of 63% from the previous year. There were approximately 5.2 million charging points for plug-in electric vehicles and most of these were for private use. China, the U.S., Japan and the European countries are focusing on the adoption of electric vehicles and building better battery charging infrastructure to reduce toxic emissions.
Key Findings for Plug-in Electric Vehicle Battery Charging Market:
-The study provides an in-depth analysis Plug-in Electric Vehicle Battery Charging market share with the current trends and future estimations to elucidate the imminent investment pockets.
-A comprehensive analysis of the factors that drive and restrict the market growth is provided.
-A comprehensive quantitative analysis of the industry is provided from 2019 to 2030 to assist stakeholders to capitalize on the prevailing market opportunities.
-An extensive analysis of the key segments of the industry helps understand the Plug-in Electric Vehicle Battery Charging market trends.
-Key players and their strategies are provided to understand the competitive outlook of the industry.
The global plug-in electric vehicle market is driven by factors, like enhancements in battery technology, rising investments within the development of fast charging systems and therefore the large-scale acceptance of electrical and plug-in hybrid vehicles. Moreover, increasing awareness regarding the environmental impacts of fuel vehicles, and government initiatives aimed toward replacing fuel vehicles with electric vehicles in coming future also will propel market growth during the forecast period. However, the high cost of electrical vehicles & electric vehicle charging infrastructure and battery swapping options are affecting market growth adversely.
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