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 2023-2030
Report Id: SNS/AUTO/1031 | May 2022 | Region: Global | 130 Pages
Report Scope & Overview:
AC Charger for EVs Market Size was valued at USD 28.42 billion in 2022, and expected to reach USD 362.47 billion by 2030, and grow at a CAGR of 37.45% over the forecast period 2023-2030.
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.
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:
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The growing awareness of the environmental impact of gasoline automobiles has spurred demand for electric vehicles around the world.
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Governments are concentrating their efforts on constructing charging stations to accelerate the adoption of electric vehicles.
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The building and acceptance of heavy-duty charging infrastructure is likely to expand as demand for electric vehicles grows.
RESTRAINTS:
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The market for EV charging cables may be impacted by improvements in wireless EV charging.
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The EV business is new, there isn't a vast choice of automobiles available to customers, which limits the market for electric vehicles.
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The cost of making electric vehicles is very high, and production is low, thus companies are unable to achieve economies of scale.
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While charging electric automobiles, it took a long time. This aspect is predicted to limit the market's growth.
OPPORTUNITIES:
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Advancements in EV charging cables are likely to provide a potential opportunity for the market.
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The government is providing the electric vehicle industry with numerous opportunities by giving direct investment and subsidies.
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Several new solutions from leading EV charging cable manufacturers have been released to make the charging procedure easier.
CHALLENGES:
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The market for electric vehicle charging cables faces a huge challenge in terms of safety.
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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
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DC Charger
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AC Charger
By Charger Method
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Fast Charging
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Slow Charging
By Application
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Residential Charging
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Commercial Charging
By Cable length
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2-5 meter
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6-10 meter
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>10 meter
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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:
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North America
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USA
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Canada
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Mexico
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Europe
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Germany
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UK
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France
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Italy
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Spain
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The Netherlands
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Rest of Europe
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Asia-Pacific
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Japan
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south Korea
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China
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India
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Australia
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Rest of Asia-Pacific
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The Middle East & Africa
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Israel
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UAE
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South Africa
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Rest of Middle East & Africa
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Latin America
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Brazil
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Argentina
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Rest of Latin America
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| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 28.42 Billion |
| Market Size by 2030 | US$ 362.47 Billion |
| CAGR | CAGR of 37.45% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| 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
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
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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