Asia-Pacific Electric Vehicle Charger Market Size, Share and Forecast 2019-2025
The Asia-Pacific electric vehicle charger market is anticipated to grow with a significant CAGR of over 24.0% during the forecast period (2019-2025). China is expected to contribute substantially to the growth of the market owing to the presence of various charger manufacturing companies and the country’s manufacturing capacity to produce a large number of chargers for domestic and international needs.
Further, favorable government initiatives to make China- electric vehicle hub coupled with government subsidies on the purchase of the electric vehicle is expected to propel the Asia-Pacific vehicle charger industry over the forecast period. Other leading economies in the region including Japan, India, South Korea, and ASEAN countries are also contributing significantly to the market growth. For instance, in November 2020, the government of South Korea announced its plan to ramp up the number of electric vehicle chargers to 50% of electric vehicles by 2025.
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The primary factor restraining the adoption of electric vehicles is
concern about their limited range. Owing to this concern, the South Korean
government is aggressively ramping up electric vehicle charging infrastructure.
On the other hand, In India, TATA Motors an automobile manufacturer has already
started developing charging infrastructure in Tier 1 cities, due to which it
can escalate the sales of its electric cars including Tigor EV and Nexon
EV.
Market Coverage
·
The market
number available for – 2018-2025
·
Base year-
2018
·
Forecast
period- 2019-2025
Segment Covered-
·
Ownership
·
Charger
type
·
Connector
·
Region
Covered- Asia-Pacific (China, India, Japan, South Korea, Rest of Asia-Pacific)
·
Competitive
Landscape- ABB Ltd., Tesla, Inc., Siemens AG, Robert Bosch GmbH, Eaton Corp.
Key Questions
Addressed by the Report
·
What is
the market growth rate?
·
Which
segment dominates the market in the base year?
·
Which
segment will project the fastest growth in the market?
·
How
COVID-19 impacted the market?
·
Who is the
leader in the market?
·
How
players are addressing challenges to sustain growth?
·
Where is
the investment opportunity?
A
full Report of Asia-Pacific Electric Vehicle Charger Market is Available
at: https://www.omrglobal.com/industry-reports/asia-pacific-electric-vehicle-charger-market
Asia-Pacific Electric Vehicle Charger Market
Report Segment
By Ownership
·
Public
·
Private
By Charger type
·
Slow
Charger
·
Fast
Charger
By Connector
·
AC
Connectors
·
Type 1
·
Type 2
·
Other
(Domestic Socket)
DC Connectors
·
CHAdeMO
·
Combined
Charging Systems
·
Type 2
(Tesla)
Asia-Pacific
Electric Vehicle Charger Market- Countries Covered
·
China
·
Japan
·
India
Rest of Asia-Pacific
Company Profiles
·
ABB Ltd.
·
Axiom EV
Products Pvt. Ltd.
·
Chengdu
Khons Technology Co., Ltd.
·
Delta
Electronics Inc
·
Eaton
Corp.
·
Efacec
Electric Mobility, S.A
·
Engie
·
Ensto
·
Exicom
Tele-Systems Ltd.
·
Fleely
Energy Inc.
·
Nissan
Motor Co. Ltd.
·
Qingdao
TELD NEW ENERGY Co., Ltd. (TGOOD)
·
RRT
Electro Powwer (P) Ltd.
·
Schneider
Electric SE
·
SemaConnect,
Inc.
·
ShenZhen
SETEC Power Co., Ltd.
·
Siemens AG
·
Tesla,
Inc.
·
Webasto SE
·
XCharge,
Inc.
·
Zhejiang
Young Energy Technology Co., Ltd
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2.
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3.
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4.
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