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Electric Vehicle AC Charger Market by End-user (Residential Charging and Commercial Charging), by Vehicle Type (BEV and PHEV), by Product (Standard Charger and Fast Charger), by North America (United States, Canada, Mexico), by South America (Brazil, Argentina, Rest of South America), by Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), by Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), by MEA (Middle East, Africa) Forecast 2024-2032
The Electric Vehicle AC Charger Market size was valued at USD 3.68 USD Billion in 2023 and is projected to reach USD 5.22 USD Billion by 2032, exhibiting a CAGR of 5.13 % during the forecast period. An Electric Vehicle (EV) AC Charger refers to equipment that provides Electrical energy in the form of an AC supply to the battery of an electric vehicle. EV AC chargers come in three main types: There 3 types of batteries: Level 1, Level 2 and Level 3 yet differing in voltage and charging rates. Sarus 1-level chargers are plug-type chargers that can plug into a 120 V wall outlet, and the rate of charge is slow enough and suitable for home use at night. Level 2 Chargers utilize a 240 V outlet and hence charge faster they are ideal for home and public fast charging stations. Level 3 or DC fast chargers, the AC is converted to DC within the charger and thus provides fast charging but with the need to have special equipment. Some of the prominent features of EV AC chargers are that they are portable and intelligent and they have safety features like overcharge protection. These are commonly applied in homes, business undertakings and other communal facilities. The advantages of the EV AC chargers are simplicity, low cost, as well as the encouragement of using renewable energy sources.
End-user:
Vehicle Type:
Product:
This comprehensive market report provides an in-depth analysis of the electric vehicle AC charger market, including:
The Asia Pacific region is expected to hold the largest market share due to the growing adoption of EVs in countries such as China, India, and Japan. North America is another major market, driven by government incentives and the presence of leading EV manufacturers. Europe is also a significant market, with government mandates promoting the deployment of EV charging infrastructure.
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 5.13% from 2018-2032 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 5.13% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
Primary Research
Secondary Research
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