Electric Car Battery Charger Market Value Projected to Expand by 2017 to 2022

Posted on 2019-04-16 by Mark Hub in Automotive // 0 Comments

The purpose of this rich study presented by FactMR is to elaborate the various market projections impacting the global electric car battery charger market during the period until 2022. This assessment delivers high-end statistics concerning market size (US$ 1.2 Bn), Y-o-Y growth and revenue share (US& Mn) linked to different geographies and segmentation types. Readers can acquire precise insights about growth trends along with opportunities that are expected to reshape the overall structure of the electric car battery charger market during the forecast period.

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The challenges that come along the entire process of setting an appropriate charging infrastructure, will persist in tandem with the accelerated transition of automakers to vehicle electrification. According to industry experts, to address the ever-prevailing challenge of the imbalance between electric cars and electric car battery chargers, manufacturers of both electric cars and electric car battery chargers ought to extend mutual efforts in the development of turnkey electric car battery charger solutions in the near future. Although several fast charging battery innovations (latest by Toshiba) have been supporting the growth of electric car battery space, FMR indicates that the much-needed innovation in the specific area of electric car battery charger will possibly push the electric car battery charger market scenario in the near future.

ABB, the Swiss firm, recently announced to have created the fastest ever electric car battery charger that has been claimed to perform superiorly to Tesla’s Supercharger. ABB’s fastest electric car battery charger supposedly performs 3X quicker than the Supercharger – powering up an electric car battery within roughly eight minutes – adding over 100 miles to the existing electric car range. As this electric car battery charger is being claimed to be ideal for petrol stations and highway-based electric car battery charger stations, FMR anticipates this innovation to shape the demand for electric car battery charger through 2022.

Nearly a year after China reached the milestone in terms of electric car sales, Europe has recently registered drastic growth in its electric car parc– exceeding 1 million, as the total electric car sales in Europe surge by over 40%. The US, as an electric car battery charger market, will however possibly reach this landmark by the second half of 2018, looking at the scenario originated post introduction of Tesla’s new EV model. European electric car battery charger market is foreseen to spearhead globally throughout the assessment period, especially in terms of float type electric car battery charger sales.

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Moreover, this region is likely to push the sales of smart electric car battery charger through 2022. As indicated by FMR’s study on electric car battery charger market, automatic electric car battery charger is also slated to demonstrate promising performance in Europe’s electric car battery charger market that currently holds more than one-third value share in total sales revenue of the automatic electric car battery charger market.

A new research intelligence outlook that has been recently added to the FactMR repository offers a holistic view of the global market for electric car battery charger. FMR’s report on the electric car battery charger market examines the global market fir electric car battery charger over the five-year projection period 2017-2022, and entails an all-inclusive, insightful information on the current as well as futuristic growth prospects of the electric car battery charger market during the said tenure.

FactMR’s analysis of the global electric car battery charger market indicates that the float type electric car battery charger will continue to spearhead in terms of demand from electric car owners in the market, whereas automatic electric car battery charger will maintain their lead over manual electric car battery charger over the forecast period. On the other side, the portable electric car battery charger is also expected to witness continued traction attributed to its high capacity and high accessibility. A moderate CAGR is expected to enable the global electric car battery charger market revenue to expand, reaching beyond US$ 1.2 Bn by 2022 end.

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