Pune, India -- (SBWIRE) -- 02/11/2019 -- Car chargers are an essential component of hybrid and electric vehicles. On the charging side, there are five types: battery replacement charge, plug-in charge, wireless, direct current (DC) and alternating current (AC). AC charging is a monopoly in the car charger market around the world.

Increased production of hybrid and electric vehicles and increased demand for passenger hybrid electric vehicles are key driving factors in the car charger market. In addition, stringent government guidelines and automotive standards relating to hybrid and electric vehicles are key factors affecting the car charger market. Growth in the automotive sector and increased investment in automotive charger manufacturers around the world are expected to have a significant impact on the market during the forecast period.

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The car charger market can be categorized by charge type, application and region. Charge type segments can be classified as battery replacement charge, plug-in charge, wireless, direct current (DC) and alternating current (AC). Applications can separate the market into passenger cars, light commercial vehicles and large commercial vehicles. Geographically, markets can be classified as North America, Europe, Asia Pacific, Middle East and Africa and Latin America.

Major key players are:

ABB, Leviton Manufacturing, Evatran, Siemens, Bosch, Energizer, LG Electronics, General Electric, Schneider Electric, Aerovironment, Sony etc.

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Regionally, the global Car Charger market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Among these regions, Asia Pacific held dominance in the market in terms of revenue. Development of construction activities in nations such as India, China, and Japan, which also make one of the largest consumer bases in the world, has enabled the market gain impetus in Asia Pacific. Besides this, the rising disposable income of consumers across this region and the rising vehicle production in the aforementioned countries have bode well for the Asia Pacific market.

The major growth drivers, challenges, and trends influencing the global Car Charger market is inspected at length. The report also presents a thorough qualitative and quantitative data affecting to the projected impact of these factors on market's future growth prospects. A number of analysis tools such as Porter's five forces analysis and SWOT analysis have been employed to provide an accurate understanding of this market. Also, the report is compiled in a way for the readers and customers to understand better.

Also, in this report, the competitive landscape of the market has been presented. In this section, the prominent players operating in the Car Charger market have been presented. The research study is a compilation of primary and secondary research, which allows the readers and players to have a strong understanding of the overall market.