UK Electric Vehicle Charger Market Trends, Size, Competitive Analysis and Forecast 2019-2025

UK electric vehicle charger market is forecast to augment at a CAGR of over 18.0% during the forecast period, 2019-2025. Government subsidies on the electric vehicle, and on charging infrastructure is one of the major factors augmenting the market growth in the country. A maximum grant up to $4,550 can be availed by the individual while buying an electric car in the country whereas a subsidy up to $10,400 can be availed on purchasing an electric van. Along with that, an individual can also avail various tax rebates. Under Electric Vehicle Home Charge Scheme (OLEV) government also provides a subsidy up to 75% (or $650 whichever is minimum) of the total purchase and installation cost of one electric vehicle charger at the home. Under Workplace Chargepoint Grant, a company can avail a subsidy up to 75% (or $650 whichever is minimum) for each socket. Each company can install up to 20 sockets. Apart from this, various local authorities offer additional subsidies and tax rebates to the individuals for purchasing electric cars and installing electric chargers. All these subsidies will aid the country to achieve the target of net zero carbon dioxide emission by 2050.

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UK electric vehicle charger market is studied based on ownership, charger type, and connector type. Based on ownership, the market is segmented into public and private. Moreover, by charger type, the market is bifurcated into slow chargers and fast chargers. By connector type, the market is analyzed into AC connectors and DC connectors. AC connector market is further segmented into Type 1, Type 2 and other chargers, whereas the DC connector market is further segmented into CHAdeMO, Combined Charging System (CCS), Type 2 (Tesla) chargers. During the forecast period, DC connectors are expected to show a significant growth rate. 

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UK Electric Vehicle Charger Market Segmentation

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 System (CCS)

·         Type 2 (Tesla)

·         Other

Company Profiles

·         ABB Ltd.

·         Alfen N.V.

·         Engie

·         Leviton Manufacturing Co., Inc.

·         Schneider Electric SE

·         Siemens AG

·         Tesla, Inc.

·         Webasto SE

·         The New Motion B.V.

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Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

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