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DC Chargers Market by Type (Combined Charging Systems (CCS), CHAdeMO, and Tesla Supercharger), Application (Automotive, Home Use, Commercial, and Office Use), and Power Output (Less Than 100 KW, 101-200 KW, and Greater Than 201 KW): Global Opportunity Analysis and Industry Forecast, 2021–2027

A09374
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Aug 2021 | 594 Views
 
Author(s) : NA
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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DC chargers are the direct current chargers designed and developed for charging and recharging electric vehicles. These DC chargers are the prime components of the electric vehicle charging station as they supply electric energy needed to recharge the electric vehicle. DC chargers recharge electric vehicles at a faster rate than AC chargers. They are able to recharge an electric vehicle battery up to 80% of its capacity within 30 min. thus, they find their applications in home use, office use and commercial use in end uses such as automobile. Innovations in the semiconductor industry will pave the way for better and improved DC chargers. The global DC chargers market is experiencing a significant growth, and will grow considerably in next few years.

COVID-19 scenario Analysis: 

  • Global DC chargers market has been significantly impacted by the COVID-19 outbreak. New projects throughout the world have stalled, which, in turn, have led to decline in demand for analog semiconductors. 
  • Global factories have struggled to integrate new DC chargers as workers have stayed in their homes, which disrupted the global supply chains. 
  • The impact of COVID-19 on this market is temporary as just the production and supply chain is stalled. Once the situation improves, production, supply chains, and demand for DC chargers are gradually going to increase.  
  • This COVID-19 lockdown would help companies think about more advanced DC chargers to enhance efficiency.

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

The major drivers that lead to the DC battery chargers market growth are the increasing number of electric vehicles and the increase in demand for DC chargers in electric vehicles. However, high cost associated with DC chargers and efficient individuals required for its installation may hinder the market growth. However, increase research and developments in the field of DC chargers, its proliferation in developing countries and upsurge demand of DC charger in industrial and automobile sector are expected to boost the DC fast chargers market demand further.  

New product launches to flourish the DC chargers market 

EON and Enel X are the companies which are focusing on the growth of peer to peer (P2P) EV charging stations. A peer to peer electric vehicle charging network was developed by innogy SE in partnership with Enel X in the year 2017 in Germany containing more than 1250 chargers. An “e tron charging services” was launched by Audi in the year 2018. It is beneficial in providing 72,000 charging points network by 220 providers with one card in Europe. Also, the charging stations can be enabled with the help of the single charging profile it offers.

Surge in usage in automotive industry

There has been surge in the usage of DC chargers in the automotive industry due to the increase in rate of adoption of electric vehicles. In addition, the increasing carbon emissions across the globe has created awareness regarding environmental pollution. This has led to the increasing development and manufacturing of electric vehicles. Moreover, the fast charging provided by the DC charger as compared to the AC chargers and as the carbon emission can be curbed by using the electric vehicles, there has been surge in the usage of DC chargers in this industry.

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2019–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast units

  Value (USD)

  Segments covered

  Type, Application, Power output, and Region

  Regions covered

North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, and Rest of Asia-Pacific), and LAMEA (Latin America, and Middle East, and Africa)  

  Companies covered

Major players analyzed include Tesla, Alfen N.V, Bosch Automotive service solutions, ABB, Efacec, Allego B.V, Schneider Electric, NEC Corporation, Tritium Pty Ltd, Signet EV and others.

 

Key benefits of the report:

  • This study presents the analytical depiction of the global DC Chargers industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global DC Chargers market share.
  • The current market is quantitatively analyzed from 2021 to 2027 to highlight the global DC Chargers market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed global DC chargers market analysis based on competitive intensity and how the competition will take shape in coming years. 

Key segments covered:

Segments

Subsegments

  Type

  • Combined charging systems (CCS)
  • CHAdeMO
  • Tesla supercharger

  Application

  • Automotive
  • Home use
  • Commercial
  • Office use

  Power output

  • Less than 100 KW
  • 101-200 KW
  • Greater than 201 KW

 

Questions answered in the DC chargers Market research report:

  • Which are the leading market players active in the DC chargers market?
  • What would be the detailed impact of COVID-19 on the market?
  • What current trends would influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the DC chargers market?
  • What are the projections for the future that would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

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We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

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Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

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