NEW YORK, May 23, 2023 /PRNewswire/ — The high power charger for electric vehicle market size is set to grow by USD 40486.62 million between 2022 and 2027 and register a CAGR of 39.26%, according to Technavio’s latest market research report. With a focus on identifying dominant industry influencers, Technavio’s reports present a detailed study by way of synthesis, and summation of data from multiple sources. This report offers an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. ABB Ltd., Blink Charging Co., BorgWarner Inc., Chargemaster NZ, ChargePoint Inc., ClipperCreek Inc., EV Safe Charge Inc., EVBox BV, FLO Services USA Inc., Hyundai Motor Co., Infineon Technologies AG, Leviton Manufacturing Co. Inc., Robert Bosch GmbH, Shenzhen Shenghong Electric Co. Ltd., Siemens AG, Tesla Inc., VOLTERIO GmbH, WiTricity Corp., Zhejiang Benyi Electrical Co. Ltd., and Tata Motors Ltd. are some of the major market participants. The increasing EV sales, the increasing demand for EVs, and the favorable standards for electrical connectors will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments while maintaining their positions in the slow-growing segments.
High Power Charger For Electric Vehicle Market 2023-2027: Segmentation
- Type
- 50 KW-less Than 150 KW: The high power charger for electric vehicle (EV) market share growth by the 50 KW-less than 150 KW segment will be significant during the forecast period. The 50 KW-less than 150 KW segment was valued at USD 1,319.51 million in 2017 and continued to grow until 2021.
- 150 KW-350 KW
- 350 KW And Above
- Application
- Plug-in Hybrid Electric Vehicle
- Battery Electric Vehicle
- Geography
- APAC: APAC is estimated to contribute 44% to the growth of the global High Power Charger For Electric Vehicle (EV) Market during the forecast period.
- North America
- Europe
- South America
- Middle East And Africa
Learn more about the factors assisting the growth of the market, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR75050
High Power Charger For Electric Vehicle Market 2023-2027: Vendor Analysis and Scope
Some of the major vendors of the high power charger for the electric vehicle market in Auto Parts & Equipment
industry include ABB Ltd., Blink Charging Co., BorgWarner Inc., Chargemaster NZ, ChargePoint Inc., ClipperCreek Inc., EV Safe Charge Inc., EVBox BV, FLO Services USA Inc., Hyundai Motor Co., Infineon Technologies AG, Leviton Manufacturing Co. Inc., Robert Bosch GmbH, Shenzhen Shenghong Electric Co. Ltd., Siemens AG, Tesla Inc., VOLTERIO GmbH, WiTricity Corp., Zhejiang Benyi Electrical Co. Ltd., and Tata Motors Ltd. To help businesses improve their market position, Technavio’s report provides a detailed analysis of around 15+ vendors operating in the market. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments. Backed with competitive intelligence and benchmarking, our research reports on the high-power charger for the electric vehicle market are designed to provide entry support, customer profile & M&As as well as go-to-market strategy support.
global.abb- The company offers acai berry products such as sorbet scoops which serves as healthy food and rich in antioxidants, thus used as excellent source of dietary fiber.
blinkcharging.com- The company offers acai berry products such as Acai Guarana, Acai Bowl, and Acai Powder.
borgwarner.com- The company offers acai berry products such as Acai Powder.
The report also covers the following areas:
Market Drivers
- Increasing EV sales
- Increasing demand for EVs
- Favorable standards for electrical connectors
Market Trends
- Recent developments in high power chargers for EVs
- Ultracapacitors in EV energy storage systems
- Powering EV charging stations through renewable energy
Market Challenges
- Lack of charging infrastructure in potential markets
- Stringent approval rules for the establishment of charger stations
- Negative impact of increased adoption of high power chargers on power grids
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High Power Charger For Electric Vehicle Market 2023-2027: Key Highlights
- CAGR of the market during the forecast period 2023-2027
- Detailed information on factors that will assist high power charger for electric vehicle market growth during the next five years
- Estimation of the high power charger for electric vehicle market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the high-power charger for the electric vehicle market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of high power chargers for electric vehicle market vendors
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High Power Charger For Electric Vehicle Market Scope |
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Report Coverage |
Details |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 39.26% |
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Market growth 2023-2027 |
USD 40486.62 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
37.23 |
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Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 44% |
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Key countries |
US, China, Germany, France, and The Netherlands |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
ABB Ltd., Blink Charging Co., BorgWarner Inc., Chargemaster NZ, ChargePoint Inc., ClipperCreek Inc., EV Safe Charge Inc., EVBox BV, FLO Services USA Inc., Hyundai Motor Co., Infineon Technologies AG, Leviton Manufacturing Co. Inc., Robert Bosch GmbH, Shenzhen Shenghong Electric Co. Ltd., Siemens AG, Tesla Inc., VOLTERIO GmbH, WiTricity Corp., Zhejiang Benyi Electrical Co. Ltd., and Tata Motors Ltd. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.3 Market size 2022
- 3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ million)
- Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ million)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
- 4.1 Global high power charger for electric vehicle market 2017 – 2021
- Exhibit 18: Historic Market Size – Data Table on Global high power charger for electric vehicle market 2017 – 2021 ($ million)
- 4.2 Type Segment Analysis 2017 – 2021
- Exhibit 19: Historic Market Size – Type Segment 2017 – 2021 ($ million)
- 4.3 Application Segment Analysis 2017 – 2021
- Exhibit 20: Historic Market Size – Application Segment 2017 – 2021 ($ million)
- 4.4 Geography Segment Analysis 2017 – 2021
- Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ million)
- 4.5 Country Segment Analysis 2017 – 2021
- Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ million)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 23: Five forces analysis – Comparison between 2022 and 2027
- 5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
- 5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
- 5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
- 5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
- 5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
- 5.7 Market condition
- Exhibit 29: Chart on Market condition – Five forces 2022 and 2027
6 Market Segmentation by Type
- 6.1 Market segments
- Exhibit 30: Chart on Type – Market share 2022-2027 (%)
- Exhibit 31: Data Table on Type – Market share 2022-2027 (%)
- 6.2 Comparison by Type
- Exhibit 32: Chart on Comparison by Type
- Exhibit 33: Data Table on Comparison by Type
- 6.3 50 kW-less than 150 kW – Market size and forecast 2022-2027
- Exhibit 34: Chart on 50 kW-less than 150 kW – Market size and forecast 2022-2027 ($ million)
- Exhibit 35: Data Table on 50 kW-less than 150 kW – Market size and forecast 2022-2027 ($ million)
- Exhibit 36: Chart on 50 kW-less than 150 kW – Year-over-year growth 2022-2027 (%)
- Exhibit 37: Data Table on 50 kW-less than 150 kW – Year-over-year growth 2022-2027 (%)
- 6.4 150 kW-350 kW – Market size and forecast 2022-2027
- Exhibit 38: Chart on 150 kW-350 kW – Market size and forecast 2022-2027 ($ million)
- Exhibit 39: Data Table on 150 kW-350 kW – Market size and forecast 2022-2027 ($ million)
- Exhibit 40: Chart on 150 kW-350 kW – Year-over-year growth 2022-2027 (%)
- Exhibit 41: Data Table on 150 kW-350 kW – Year-over-year growth 2022-2027 (%)
- 6.5 350 kW and above – Market size and forecast 2022-2027
- Exhibit 42: Chart on 350 kW and above – Market size and forecast 2022-2027 ($ million)
- Exhibit 43: Data Table on 350 kW and above – Market size and forecast 2022-2027 ($ million)
- Exhibit 44: Chart on 350 kW and above – Year-over-year growth 2022-2027 (%)
- Exhibit 45: Data Table on 350 kW and above – Year-over-year growth 2022-2027 (%)
- 6.6 Market opportunity by Type
- Exhibit 46: Market opportunity by Type ($ million)
- Exhibit 47: Data Table on Market opportunity by Type ($ million)
7 Market Segmentation by Application
- 7.1 Market segments
- Exhibit 48: Chart on Application – Market share 2022-2027 (%)
- Exhibit 49: Data Table on Application – Market share 2022-2027 (%)
- 7.2 Comparison by Application
- Exhibit 50: Chart on Comparison by Application
- Exhibit 51: Data Table on Comparison by Application
- 7.3 Plug-in hybrid electric vehicle – Market size and forecast 2022-2027
- Exhibit 52: Chart on Plug-in hybrid electric vehicle – Market size and forecast 2022-2027 ($ million)
- Exhibit 53: Data Table on Plug-in hybrid electric vehicle – Market size and forecast 2022-2027 ($ million)
- Exhibit 54: Chart on Plug-in hybrid electric vehicle – Year-over-year growth 2022-2027 (%)
- Exhibit 55: Data Table on Plug-in hybrid electric vehicle – Year-over-year growth 2022-2027 (%)
- 7.4 Battery electric vehicle – Market size and forecast 2022-2027
- Exhibit 56: Chart on Battery electric vehicle – Market size and forecast 2022-2027 ($ million)
- Exhibit 57: Data Table on Battery electric vehicle – Market size and forecast 2022-2027 ($ million)
- Exhibit 58: Chart on Battery electric vehicle – Year-over-year growth 2022-2027 (%)
- Exhibit 59: Data Table on Battery electric vehicle – Year-over-year growth 2022-2027 (%)
- 7.5 Market opportunity by Application
- Exhibit 60: Market opportunity by Application ($ million)
- Exhibit 61: Data Table on Market opportunity by Application ($ million)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Exhibit 63: Chart on Market share by geography 2022-2027 (%)
- Exhibit 64: Data Table on Market share by geography 2022-2027 (%)
- 9.2 Geographic comparison
- Exhibit 65: Chart on Geographic comparison
- Exhibit 66: Data Table on Geographic comparison
- 9.3 APAC – Market size and forecast 2022-2027
- Exhibit 67: Chart on APAC – Market size and forecast 2022-2027 ($ million)
- Exhibit 68: Data Table on APAC – Market size and forecast 2022-2027 ($ million)
- Exhibit 69: Chart on APAC – Year-over-year growth 2022-2027 (%)
- Exhibit 70: Data Table on APAC – Year-over-year growth 2022-2027 (%)
- 9.4 North America – Market size and forecast 2022-2027
- Exhibit 71: Chart on North America – Market size and forecast 2022-2027 ($ million)
- Exhibit 72: Data Table on North America – Market size and forecast 2022-2027 ($ million)
- Exhibit 73: Chart on North America – Year-over-year growth 2022-2027 (%)
- Exhibit 74: Data Table on North America – Year-over-year growth 2022-2027 (%)
- 9.5 Europe – Market size and forecast 2022-2027
- Exhibit 75: Chart on Europe – Market size and forecast 2022-2027 ($ million)
- Exhibit 76: Data Table on Europe – Market size and forecast 2022-2027 ($ million)
- Exhibit 77: Chart on Europe – Year-over-year growth 2022-2027 (%)
- Exhibit 78: Data Table on Europe – Year-over-year growth 2022-2027 (%)
- 9.6 South America – Market size and forecast 2022-2027
- Exhibit 79: Chart on South America – Market size and forecast 2022-2027 ($ million)
- Exhibit 80: Data Table on South America – Market size and forecast 2022-2027 ($ million)
- Exhibit 81: Chart on South America – Year-over-year growth 2022-2027 (%)
- Exhibit 82: Data Table on South America – Year-over-year growth 2022-2027 (%)
- 9.7 Middle East and Africa – Market size and forecast 2022-2027
- Exhibit 83: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
- Exhibit 84: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
- Exhibit 85: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
- Exhibit 86: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)
- 9.8 China – Market size and forecast 2022-2027
- Exhibit 87: Chart on China – Market size and forecast 2022-2027 ($ million)
- Exhibit 88: Data Table on China – Market size and forecast 2022-2027 ($ million)
- Exhibit 89: Chart on China – Year-over-year growth 2022-2027 (%)
- Exhibit 90: Data Table on China – Year-over-year growth 2022-2027 (%)
- 9.9 US – Market size and forecast 2022-2027
- Exhibit 91: Chart on US – Market size and forecast 2022-2027 ($ million)
- Exhibit 92: Data Table on US – Market size and forecast 2022-2027 ($ million)
- Exhibit 93: Chart on US – Year-over-year growth 2022-2027 (%)
- Exhibit 94: Data Table on US – Year-over-year growth 2022-2027 (%)
- 9.10 Germany – Market size and forecast 2022-2027
- Exhibit 95: Chart on Germany – Market size and forecast 2022-2027 ($ million)
- Exhibit 96: Data Table on Germany – Market size and forecast 2022-2027 ($ million)
- Exhibit 97: Chart on Germany – Year-over-year growth 2022-2027 (%)
- Exhibit 98: Data Table on Germany – Year-over-year growth 2022-2027 (%)
- 9.11 France – Market size and forecast 2022-2027
- Exhibit 99: Chart on France – Market size and forecast 2022-2027 ($ million)
- Exhibit 100: Data Table on France – Market size and forecast 2022-2027 ($ million)
- Exhibit 101: Chart on France – Year-over-year growth 2022-2027 (%)
- Exhibit 102: Data Table on France – Year-over-year growth 2022-2027 (%)
- 9.12 The Netherlands – Market size and forecast 2022-2027
- Exhibit 103: Chart on The Netherlands – Market size and forecast 2022-2027 ($ million)
- Exhibit 104: Data Table on The Netherlands – Market size and forecast 2022-2027 ($ million)
- Exhibit 105: Chart on The Netherlands – Year-over-year growth 2022-2027 (%)
- Exhibit 106: Data Table on The Netherlands – Year-over-year growth 2022-2027 (%)
- 9.13 Market opportunity by geography
- Exhibit 107: Market opportunity by geography ($ million)
- Exhibit 108: Data Tables on Market opportunity by geography ($ million)
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 109: Impact of drivers and challenges in 2022 and 2027
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 111: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 112: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 113: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 114: Matrix on vendor position and classification
- 12.3 ABB Ltd.
- Exhibit 115: ABB Ltd. – Overview
- Exhibit 116: ABB Ltd. – Business segments
- Exhibit 117: ABB Ltd. – Key offerings
- Exhibit 118: ABB Ltd. – Segment focus
- 12.4 Blink Charging Co.
- Exhibit 119: Blink Charging Co. – Overview
- Exhibit 120: Blink Charging Co. – Product / Service
- Exhibit 121: Blink Charging Co. – Key news
- Exhibit 122: Blink Charging Co. – Key offerings
- 12.5 BorgWarner Inc.
- Exhibit 123: BorgWarner Inc. – Overview
- Exhibit 124: BorgWarner Inc. – Business segments
- Exhibit 125: BorgWarner Inc. – Key news
- Exhibit 126: BorgWarner Inc. – Key offerings
- Exhibit 127: BorgWarner Inc. – Segment focus
- 12.6 Chargemaster NZ
- Exhibit 128: Chargemaster NZ – Overview
- Exhibit 129: Chargemaster NZ – Product / Service
- Exhibit 130: Chargemaster NZ – Key offerings
- 12.7 ChargePoint Inc.
- Exhibit 131: ChargePoint Inc. – Overview
- Exhibit 132: ChargePoint Inc. – Product / Service
- Exhibit 133: ChargePoint Inc. – Key news
- Exhibit 134: ChargePoint Inc. – Key offerings
- 12.8 ClipperCreek Inc.
- Exhibit 135: ClipperCreek Inc. – Overview
- Exhibit 136: ClipperCreek Inc. – Product / Service
- Exhibit 137: ClipperCreek Inc. – Key offerings
- 12.9 EV Safe Charge Inc.
- Exhibit 138: EV Safe Charge Inc. – Overview
- Exhibit 139: EV Safe Charge Inc. – Product / Service
- Exhibit 140: EV Safe Charge Inc. – Key offerings
- 12.10 EVBox BV
- Exhibit 141: EVBox BV – Overview
- Exhibit 142: EVBox BV – Product / Service
- Exhibit 143: EVBox BV – Key offerings
- 12.11 FLO Services USA Inc.
- Exhibit 144: FLO Services USA Inc. – Overview
- Exhibit 145: FLO Services USA Inc. – Product / Service
- Exhibit 146: FLO Services USA Inc. – Key offerings
- 12.12 Hyundai Motor Co.
- Exhibit 147: Hyundai Motor Co. – Overview
- Exhibit 148: Hyundai Motor Co. – Business segments
- Exhibit 149: Hyundai Motor Co. – Key news
- Exhibit 150: Hyundai Motor Co. – Key offerings
- Exhibit 151: Hyundai Motor Co. – Segment focus
- 12.13 Infineon Technologies AG
- Exhibit 152: Infineon Technologies AG – Overview
- Exhibit 153: Infineon Technologies AG – Business segments
- Exhibit 154: Infineon Technologies AG – Key news
- Exhibit 155: Infineon Technologies AG – Key offerings
- Exhibit 156: Infineon Technologies AG – Segment focus
- 12.14 Leviton Manufacturing Co. Inc.
- Exhibit 157: Leviton Manufacturing Co. Inc. – Overview
- Exhibit 158: Leviton Manufacturing Co. Inc. – Product / Service
- Exhibit 159: Leviton Manufacturing Co. Inc. – Key offerings
- 12.15 Robert Bosch GmbH
- Exhibit 160: Robert Bosch GmbH – Overview
- Exhibit 161: Robert Bosch GmbH – Business segments
- Exhibit 162: Robert Bosch GmbH – Key news
- Exhibit 163: Robert Bosch GmbH – Key offerings
- Exhibit 164: Robert Bosch GmbH – Segment focus
- 12.16 Siemens AG
- Exhibit 165: Siemens AG – Overview
- Exhibit 166: Siemens AG – Business segments
- Exhibit 167: Siemens AG – Key news
- Exhibit 168: Siemens AG – Key offerings
- Exhibit 169: Siemens AG – Segment focus
- 12.17 VOLTERIO GmbH
- Exhibit 170: VOLTERIO GmbH – Overview
- Exhibit 171: VOLTERIO GmbH – Product / Service
- Exhibit 172: VOLTERIO GmbH – Key offerings
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 173: Inclusions checklist
- Exhibit 174: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 175: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 176: Research methodology
- Exhibit 177: Validation techniques employed for market sizing
- Exhibit 178: Information sources
- 13.5 List of abbreviations
- Exhibit 179: List of abbreviations
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