The AC Charger for EVs Market Size was valued at USD 28.82 billion in 2023, and expected to reach USD 382.49 billion by 2031, and grow at a CAGR of 37.82% over the forecast period 2024-2031.
With the charging pole of the station necessary for power transmission, EV connectors serve as an EV coupler. The major goal of the EV Charging Adapter is to save nonrenewable energy sources by employing energy conservation strategies, which safeguard the environment from pollution caused by gasoline vehicles because electric vehicles do not release hazardous gases. This breakthrough in the automobile industry is revolutionary; electric vehicles are both environmentally friendly and cost-effective.
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The charging infrastructure for heavy-duty electric cars is a complete system for transmitting electricity from the grid to electric vehicles such as buses and trucks. To convert AC to DC and control battery charging, the charger is employed as a power electronic.
KEY DRIVERS:
The growing awareness of the environmental impact of gasoline automobiles has spurred demand for electric vehicles around the world
Governments are concentrating their efforts on constructing charging stations to accelerate the adoption of electric vehicles
The building and acceptance of heavy-duty charging infrastructure is likely to expand as demand for electric vehicles grows
RESTRAINTS:
The market for EV charging cables may be impacted by improvements in wireless EV charging
The EV business is new, there isn't a vast choice of automobiles available to customers, which limits the market for electric vehicles
The cost of making electric vehicles is very high, and production is low, thus companies are unable to achieve economies of scale
While charging electric automobiles, it took a long time. This aspect is predicted to limit the market's growth
OPPORTUNITIES:
Advancements in EV charging cables are likely to provide a potential opportunity for the market
The government is providing the electric vehicle industry with numerous opportunities by giving direct investment and subsidies
Several new solutions from leading EV charging cable manufacturers have been released to make the charging procedure easier
CHALLENGES:
The market for electric vehicle charging cables faces a huge challenge in terms of safety
Wireless charging efficiency will be a major challenge for the EV charging cable business
By Charger type, the global market for heavy-duty electric vehicle charging infrastructures is classified into two types of chargers: DC charger and AC charger. The DC charger market has a higher part of the market. Due to the increased acceptance of fast charging for heavy-duty electric vehicles, demand for DC chargers is likely to rise dramatically around the world.
Using the Charger Method There are two types of charging infrastructure for heavy-duty electric vehicles on the global market: quick charging and slow charging. In comparison to the extensive charging hours associated with the slow charging approach, the rapid charging method allows heavy-duty vehicle drivers to recharge the battery in significantly less time.
By Charger type
DC Charger
AC Charger
By Charger Method
Fast Charging
Slow Charging
By Application
Residential Charging
Commercial Charging
By Cable length
2-5 meter
6-10 meter
>10 meter
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In 2022, Asia-Pacific held a considerable market share. Because of the organized electric vehicle industry and the presence of top heavy-duty electric vehicle charging infrastructure manufacturers, China is a vital market in Asia-Pacific.
The increased demand for electric buses, as well as government attempts to promote the development of heavy-duty electric vehicles in countries like China, Japan, and India, are likely to drive up demand for heavy-duty EV charging infrastructure in Asia-Pacific. Due to the growing demand for electric cars in Germany, it is one of the top countries in Europe in terms of heavy-duty electric buses and trucks.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
ABB, Siemens, Bombardier Inc., Kempower OY, Tesla, Proterra, Chargepoint, Inc., Leoni AG (Germany), Shijiazhuang Tonhe Electronics Technologies Co, TE Connectivity (Switzerland), BESEN Group (China), Aptiv (Ireland), Phoenix Contact (Germany), Schunk Group and Coroplast (Italy), EFACEC, and Kehua Hengsheng Co., Ltd.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 28.82 Billion |
| Market Size by 2031 | US$ 382.49 Billion |
| CAGR | CAGR of 37.82% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • by Charger type (DC Charger, AC Charger) • by Charger Method (Fast Charging, Slow Charging) • by Application (Residential Charging, Commercial Charging) • by Cable length (2–5-meter, 6-10 meter, >10 meter) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | ABB, Siemens, Bombardier Inc., Kempower OY, Tesla, Proterra, Chargepoint, Inc., Leoni AG (Germany), Shijiazhuang Tonhe Electronics Technologies Co, TE Connectivity (Switzerland), BESEN Group (China), Aptiv (Ireland), Phoenix Contact (Germany), Schunk Group and Coroplast (Italy), EFACEC, and Kehua Hengsheng Co., Ltd. |
| Key Drivers | • The growing awareness of the environmental impact of gasoline automobiles has spurred demand for electric vehicles around the world • Governments are concentrating their efforts on constructing charging stations to accelerate the adoption of electric vehicles |
| RESTRAINTS | • The market for EV charging cables may be impacted by improvements in wireless EV charging • The EV business is new, there isn't a vast choice of automobiles available to customers, which limits the market for electric vehicles |
The CAGR of the AC Charger For EVs Market is 37.45% over the forecast period 2023-2030.
Major Players in Lab-Grown Meat Market are ABB, Siemens, Bombardier Inc., Kempower OY, Tesla, Proterra, Chargepoint, Inc., Leoni AG (Germany), Shijiazhuang Tonhe Electronics Technologies Co, TE Connectivity (Switzerland), BESEN Group (China), Aptiv (Ireland), Phoenix Contact (Germany), and others in the final report.
Asia Pacific region is dominating the AC Charger For EVs Market.
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Impact Analysis
5.1 Impact of Russia-Ukraine Crisis
5.2 Impact of Economic Slowdown on Major Countries
5.2.1 Introduction
5.2.2 United States
5.2.3 Canada
5.2.4 Germany
5.2.5 France
5.2.6 UK
5.2.7 China
5.2.8 Japan
5.2.9 South Korea
5.2.10 India
6. Value Chain Analysis
7. Porter’s 5 Forces Model
8. Pest Analysis
9. Global AC Charger for EVs Market Segmentation, by Charger type
8.1 DC Charger
8.2 AC Charger
10. Global AC Charger for EVs Market Segmentation, by Charging Method
9.1 Fast Charging
9.2 Slow Charging
11. Global AC Charger for EVs Market Segmentation, by Application type
10.1 Residential Charging
10.2 Commercial Charging
12. Global AC Charger for EVs Market Segmentation, by Charger length
11.1 2-5 meter
11.2 6-10 meter
11.3 >10 meter
13. Regional Analysis
13.1 Introduction
13.2 North America
13.2.1 USA
13.2.2 Canada
13.2.3 Mexico
13.3 Europe
13.3.1 Eastern Europe
13.3.1.1 Poland
13.3.1.2 Romania
13.3.1.3 Hungary
13.3.1.4 Turkey
13.3.1.5 Rest of Eastern Europe
13.3.2 Western Europe
13.3.2.1 Germany
13.3.2.2 France
13.3.2.3 UK
13.3.2.4 Italy
13.3.2.5 Spain
13.3.2.6 Netherlands
13.3.2.7 Switzerland
13.3.2.8 Austria
13.3.2.9 Rest of Western Europe
13.4 Asia-Pacific
13.4.1 China
13.4.2 India
13.4.3 Japan
13.4.4 South Korea
13.4.5 Vietnam
13.4.6 Singapore
13.4.7 Australia
13.4.8 Rest of Asia Pacific
13.5 The Middle East & Africa
13.5.1 Middle East
13.5.1.1 UAE
13.5.1.2 Egypt
13.5.1.3 Saudi Arabia
13.5.1.4 Qatar
13.5.1.5 Rest of the Middle East
11.5.2 Africa
13.5.2.1 Nigeria
13.5.2.2 South Africa
13.5.2.3 Rest of Africa
13.6 Latin America
13.6.1 Brazil
13.6.2 Argentina
13.6.3 Colombia
13.6.4 Rest of Latin America
14. Company Profiles
14.1 ABB.
14.1.1 Company Overview
14.1.2 Financial
14.1.3 Products/ Services Offered
14.1.4 SWOT Analysis
14.1.5 The SNS View
14.2 Siemens
14.2.1 Company Overview
14.2.2 Financial
14.2.3 Products/ Services Offered
14.2.4 SWOT Analysis
14.2.5 The SNS View
14.3 Bombardier Inc
14.3.1 Company Overview
14.3.2 Financial
14.3.3 Products/ Services Offered
14.3.4 SWOT Analysis
14.3.5 The SNS View
14.4 Kempower OY
14.4.1 Company Overview
14.4.2 Financial
14.4.3 Products/ Services Offered
14.4.4 SWOT Analysis
14.4.5 The SNS View
14.5 Tesla
14.5.1 Company Overview
14.5.2 Financial
14.5.3 Products/ Services Offered
14.5.4 SWOT Analysis
14.5.5 The SNS View
14.6 Chargepoint
14.6.1 Company Overview
14.6.2 Financial
14.6.3 Products/ Services Offered
14.6.4 SWOT Analysis
14.6.5 The SNS View
14.7 Shijiazhuang Tonhe Electronics Technologies Co
14.7.1 Company Overview
14.7.2 Financial
14.7.3 Products/ Services Offered
14.7.4 SWOT Analysis
14.7.5 The SNS View
14.8 Leoni AG
14.8.1 Company Overview
14.8.2 Financial
14.8.3 Products/ Services Offered
14.8.4 SWOT Analysis
14.8.5 The SNS View
14.9 BESEN Group
14.9.1 Company Overview
14.9.2 Financial
14.9.3 Products/ Services Offered
14.9.4 SWOT Analysis
14.9.5 The SNS View
14.10 Others
14.10.1 Company Overview
14.10.2 Financial
14.10.3 Products/ Services Offered
14.10.4 SWOT Analysis
14.10.5 The SNS View
15. Competitive Landscape
15.1 Competitive Benchmarking
15.2 Market Share Analysis
15.3 Recent Developments
15.3.1 Industry News
15.3.2 Company News
15.3.3 Mergers & Acquisitions
16. Use Case and Best Practices
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