Electric Vehicle Charger Market: Wireless Charging System Expected to Grow at a CAGR of 28.8% from 2021 to 2030

[234 Pages Research] Electric Vehicle Charging Systems Market to Exceed $42,623.0 Million by 2030; The wireless charging system will increase by 28.8% CAGR.

PORTLAND, ORAGON, USA, Sept. 12, 2022 /EINPresswire.com/ — According to the report published by Allied Market Research, the global market for electric vehicle charging systems generated $4.26 billion in 2020 and is expected to generate $42.62 billion by 2030, witnessing a CAGR of 26.2% from 2021 to 2030. The report offers in-depth analysis of changing market trends, competitive landscape, major pockets of investment, main segments, value chain and regional landscape.

Increase in adoption of electric vehicles due to government initiatives, growth in production of electric vehicles, and increase in demand for low-emission and fuel-efficient vehicles are driving the growth of the global automotive systems market charging for electric vehicles. However, the high cost of electric vehicles and its charging infrastructure is hampering the growth of the market. On the other hand, advancements in wireless charging technology and the integration of V2G (vehicle-to-grid) charging station are creating new opportunities in the coming years.

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Covid-19 scenario:

The COVID-19 outbreak has had a massive impact on the automotive sector globally. As a result, many OEM factories and suppliers have suspended operations.
Additionally, disruptions in the export of Chinese auto parts, huge manufacturing disruptions across Europe, and closure of assembly plants in the United States have had a major impact on the growth of the market.
Revenue streams allocated to R&D and the adoption of new technologies in the electric vehicle sector have also been disrupted due to the containment measures.
However, due to the relaxation of regulations in various countries, the demand for electric vehicles is expected to increase. And the market should recover soon.

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The global market is segmented on the basis of product type, charging mode, charging voltage level and region. Based on product type, the home charging systems segment contributed the highest market share in 2020, accounting for more than four-fifths of the total share, and is expected to maintain its leading position throughout. the forecast period. However, the commercial charging systems segment is expected to show the largest CAGR of 29.1% from 2021 to 2030.

Based on charging mode, the plug-in charging systems segment accounted for the largest share in 2020, contributing 98% of the global electric vehicle charging systems market, and is expected to maintain its revenue dominance over the course of 2020. the forecast period. However, the wireless charging systems segment is expected to experience the fastest CAGR of 28.8% from 2021 to 2030.

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Based on region, Asia-Pacific contributed the highest share in 2020, holding almost half of the total market share, and is expected to maintain its leading status by 2030. However, the North America is expected to grow at the highest CAGR of 30.0% during the forecast period.

Key players in the global electric vehicle charging systems market analyzed in the research include General Electric, Moser Services Group, LLC, Plugless Power Inc., Robert Bosch GmbH, Schneider Electric, Siemens AG, BorgWarner Inc., Delta Electronics, Inc. ., Eaton Corporation plc, Tesla and Webasto Group.

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Similar report we have on the electric vehicle charging industry:

Electric Vehicle Charger Market by Vehicle Type (Battery Electric Vehicle (BEV), Plug-in Hybrid Electric Vehicle (PHEV), and Hybrid Electric Vehicle (HEV)), Charging Type (Onboard Chargers and Offboard Chargers) and End User ( residential and commercial): Global opportunity analysis and industry forecast, 2020-2030.

Europe Electric Vehicle Charger Market by Vehicle Type (Battery Electric Vehicles, Plug-in Hybrid Electric Vehicles, and Hybrid Electric Vehicles), Charging Type (Onboard Chargers and Offboard Chargers), and End User (Residential and Commercial) – Opportunity Analysis and industry forecast, 2017-2030.

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Allied Market Research (AMR) is a full-service market research and business consulting division of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global corporations as well as small and medium enterprises with unparalleled quality of “Market Research Reports” and “Business Intelligence Solutions”. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.

We maintain professional relationships with various companies which helps us to extract market data which helps us to generate accurate research data tables and confirm the utmost accuracy of our market predictions. Allied Market Research CEO Pawan Kumar helps inspire and encourage everyone associated with the company to maintain high quality data and help clients in every way possible to achieve success. All data presented in the reports we publish are drawn from primary interviews with senior managers of large companies in the relevant field. Our secondary data sourcing methodology includes extensive online and offline research and discussions with knowledgeable industry professionals and analysts.

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