Plug-in electric vehicle battery charging systems are used to charge the batteries of electric vehicles and hybrid plug-in electric vehicles by connecting such vehicles to an external source of electricity. In 2018, over 5 million electric & hybrid electric cars were sold worldwide with an increase of 63% from the previous year. There were approximately 5.2 million charging points for plug-in electric vehicles and most of these were for private use. China, the U.S., Japan and the European countries are focusing on the adoption of electric vehicles and building better battery charging infrastructure to reduce toxic emissions.
Market Industry Reports (MIR) has published a new report titled “Plug-in Electric Vehicle Battery Charging Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the global Plug-in Electric Vehicle Battery Charging market accounted for over US$ 3.0 billion by 2019. The market is anticipated to grow at a CAGR of ~35.0% from 2019 to 2030.
Major Key Players of the Plug-In Electric Vehicle Battery Charging Market are:Tesla, ChargePoint, Bosch Automotive Service Solutions, Delphi Technologies, Siemens, Eaton, Leviton Manufacturing Co., Inc., Schneider Electric, GENERAL ELECTRIC, and Baccus Global LLC, among others.
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