By 2026, the global electric vehicle charging system market will exceed 66.2 billion US dollars

Posted 2022-08-13 00:00:00 +0000 UTC

According to the research report released by research and, the annual compound growth rate of the global electric vehicle charging system market will reach 45.6% in 2019-2026, and the market size will reach 66.27 billion US dollars by 2026. Electric vehicle charging system is used for charging electric vehicles and plug-in electric vehicles. In addition, various automotive giants and electrical components companies are committed to developing advanced electric vehicle charging systems to meet the growing demand for electric vehicles. The EV charging system is expected to achieve significant growth over the forecast period as the government increases the deployment of EV charging stations. According to the product type, electric vehicle charging system is mainly divided into residential and commercial types. During the forecast period, commercial charging system is expected to grow at a higher growth rate. According to the charging mode, it is mainly divided into plug-in charging mode and wireless charging mode. In 2018, plug-in charging system is the segment with the highest revenue, and it is expected to maintain this dominant position in the forecast period. However, with the continuous improvement of technology, wireless charging system will gradually increase its market size. From a regional perspective, the Asia Pacific region is the region with the highest market revenue in 2018. It is expected that the Asia Pacific market represented by China, India and Japan will continue to maintain its position by 2026, followed by Europe, North America, Latin America and the Middle East. From the perspective of suppliers, Delta Electronics, Schneider Electric, Eaton, general electric, Bosch, Siemens, clippercreek and evatran will become the world's leading suppliers of electric vehicle charging systems.

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