Lewes, DE -- (SBWire) -- 03/17/2016 --Report forecast the global electric vehicle charger market to grow at a CAGR of 29.38% during the period 2016-2020.
An electric vehicle charging station (EVCS) supplies the electricity required to recharge batteries in electric vehicles. EVCS are also called electric vehicle charging stations/systems, electric vehicle supply equipment (EVSE), and electric charging points.
Various modes of charging are available, including home chargers, commercial/public charging stations, and workplace charging stations.
An electric vehicle charger is of three types:
- AC (alternating current) charger
- DC (direct current) charger
- Wireless chargers
The report covers the present scenario and the growth prospects of the global electric vehicle charger market for 2016-2020. To calculate the market size, the report considers the global total stock of electric vehicle chargers in 2015 and estimated the stock until 2020.
The market is divided into the following segments based on geography:
- Americas
- APAC
- Europe
According to the report, incentives and subsidies provided by governments and regulatory bodies have been driving the growth of the global electric vehicle charger market. Governments of many countries have extended financial incentives to electric vehicle buyers depending on the size of the batteries.
Further, the report states that infrastructure plays a crucial role in the sale of electric and PHEV vehicles. Finding charging infrastructure remains the primary challenge for electric vehicle owners.
Global Electric Vehicle Charger Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
key players in the Global Electric Vehicle Charger Market: ABB Ltd., Leviton Manufacturing Co. Inc., Plugin Now (Bosch Group), Evatran Group (Plugless), and Siemens AG.
Other Prominent Vendors in the market are: AddÉnergie, AeroVironment, Delphi Automotive, and POD Point.
Key vendors
- ABB Ltd.
- Leviton Manufacturing Co. Inc.
- Plugin Now (Bosch Group)
- Evatran Group (Plugless)
- Siemens AG
Other prominent vendors
- AddÉnergie
- AeroVironment
- Delphi Automotive
- POD Point
Market driver
- Government initiatives for development of electric vehicle charging infrastructure
- For a full, detailed list, view our report
Market challenge
- Lack of infrastructure in potential markets
- For a full, detailed list, view our report
Market trend
- Focus on reducing charging time
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 67 pages and 39 Exhibit "Global Electric Vehicle Charger Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market Overview, Market Landscape, Market segmentation by end-user, Market segmentation by type, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.
For more information Visit at: http://www.marketresearchreports.com/technavio/global-electric-vehicle-charger-market-2016-2020
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