DC Chargers Market by Power Output (Less Than 10 kW, 10 Kw to 100 kW, Greater Than 100 kW) and End Use (Automotive, Consumer Electronics and Industrial): Opportunity Analysis and Industry Forecast, 2021-2030

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The DC charger market is witnessing significant growth, owing to increase in sales of electric vehicles and electronic products.

The DC chargers charges the batteries of electronic devices and industrial equipment. Constant DC power is often required by many industrial equipment. Such constant power is provided by the DC chargers. The market is fragmented with the presence of several market players, emerging players, startups, and others.

Rise in demand for electrical vehicles, requirement of fast charging, and surge in the growth of the consumer electronics market drive the growth of the DC chargers market. In addition, market growth is driven by the various government initiatives that support toward the growth of the electric vehicles. Fast DC charging for electric vehicles have made it possible for the electric vehicles to cover the distance of more than 350 km and more in a single run. Further, the ever growing consumer electronics which use DC chargers to charge the batteries of most of the electronic devices such as smartphones, laptops, tablets and other wearable devices have contributed toward the growth of the DC charger market.

Rise in sales of smartphones from different manufacturers, primarily Apple Inc., Samsung and other Chinese vendors, and other electronic devices that uses DC charging accelerates the development of DC chargers for the electronics industry.