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AC Charger for EVs Market

AC Charger for EVs Market Size, Share and Segmentation 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), by Regions and Global Market Forecast 2022-2028

Report Id: SNS/AUTO/1031 | May 2022 | Region: Global | 130 Pages

Report Scope & Overview:

AC Charger for EVs Market Size was valued at USD 20.7 billion in 2021, and expected to reach USD 191.85 billion by 2028, and grow at a CAGR of 37.45% over the forecast period 2022-2028.

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.

AC Charger for EVs Market Revenue Graph

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.

MARKET DYNAMICS: 

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.

IMPACT OF COVID-19:

During the initial outbreak of COVID-19, the whole supply chain was disrupted, suspending the production and sale of new autos all over the world.

 The automotive sector is capital-intensive and requires periodic funding to stay afloat. As a result, the stoppage of production and decreasing demand for electric vehicle charging stations are projected to have an unprecedented impact on manufacturers and suppliers.

Countries enacted complete lockdown for more than two months as a result of the COVID-19 outbreak, affecting vehicle production. Vehicle sales have been considerably impacted due to the closure of manufacturing sites around the world.

BY KEY MARKET PLAYERS:

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.

Furthermore, these businesses provide a diverse selection of goods. New product creation, collaborations, and contracts and agreements are the main techniques used by these corporations to maintain their market position

MARKET ESTIMATION:

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.

MARKET SEGMENTATION: 

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

AC Charger for EVs Market Segment Chart

REGIONAL ANALYSIS:

In 2019, 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

 

AC Charger for EVs Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 20.7 Billion
Market Size by 2028 US$ 191.85 Billion
CAGR CAGR of 37.45% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
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.


Frequently Asked Questions (FAQ) :


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine-Russia War

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

8. Global AC Charger for EVs Market Segmentation, by Charger type

8.1 DC Charger

8.2 AC Charger

 

9. Global AC Charger for EVs Market Segmentation, by Charging Method

9.1 Fast Charging

9.2 Slow Charging

 

10. Global AC Charger for EVs Market Segmentation, by Application type

10.1 Residential Charging

10.2 Commercial Charging

 

11. Global AC Charger for EVs Market Segmentation, by Charger length

11.1 2-5 meter

11.2 6-10 meter

11.3 >10 meter

 

12. Regional Analysis

12.1 Introduction

12.2 North America

12.2.1 USA

12.2.2  Canada

12.2.3  Mexico

12.3 Europe

12.3.1  Germany

12.3.2  UK

12.3.3  France

12.3.4  Italy

12.3.5  Spain

12.3.6  The Netherlands

12.3.7  Rest of Europe

12.4 Asia-Pacific

12.4.1  Japan

12.4.2  South Korea

12.4.3  China

12.4.4  India

12.4.5  Australia

12.4.6  Rest of Asia-Pacific

12.5 The Middle East & Africa

12.5.1  Israel

12.5.2  UAE

12.5.3  South Africa

12.5.4  Rest

12.6 Latin America

12.6.1  Brazil

12.6.2  Argentina

12.6.3  Rest of Latin America

 

13.Company Profiles

13.1 Phoenix Contact (Germany)

13.1.1 Financial

13.1.2 Products/ Services Offered

13.1.3 SWOT Analysis

13.1.4 The SNS view

13.2 ABB, Siemens

13.3 Bombardier Inc.

13.4 Kempower OY

13.5 Tesla

13.6 Proterra

13.7 Chargepoint, Inc.

13.8 Leoni AG (Germany)

13.9 TE Connectivity (Switzerland)

13.10 BESEN Group (China)

13.12 Aptiv (Ireland)

13.12 Schunk Group

13.13 Coroplast (Italy)

13.14 EFACEC

13.15 Shijiazhuang Tonhe Electronics Technologies Co.

Ltd.

13.16 Kehua Hengsheng Co., Ltd.

 

14.Competitive Landscape

14.1 Competitive Benchmarking

14.2 Market Share analysis

14.3 Recent Developments

 

15.Conclusion

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The 5 steps process:

Step 1: Secondary Research:

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Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content-specific facts that can be sued to solve specific problems. Since the collected data is fresh and first-hand therefore it makes the study more accurate and genuine.

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This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses, and observation of on-field participants. The below-mentioned chart should give a better understanding of part 1 of the primary interview.

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