Analysis of DC Charger Market Opportunities
— AMR
PORTLAND, OR, USA, August 30, 2023 /EINPresswire.com/ – The global DC charger market was estimated at $67.4 billion in 2020 and is projected to reach $221.31 billion by 2030, according to a report published by Allied Market Research, CAGR of 13.2% from 2021 to 2030. The report provides an in-depth analysis of top investment areas, top winning strategies, drivers and opportunities, market size and estimates, competitive scenario, and volatile market trends.
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Rising demand for consumer electronics, rising number of electric vehicles, and several government initiatives in this regard are driving the growth of the global DC charger market. On the other hand, high cost of DC chargers hampers growth to some extent. However, the advent of high-end charging station infrastructure is expected to create lucrative opportunities for the industry.
We analyze the global DC charger market in terms of power output, end use, and region. In terms of power output, the 10 kW to 100 kW segment accounted for nearly half of the market in 2020 and is expected to lead by the end of 2030. This segment has the fastest CAGR of 13.80%. 2021 to 2030.
Based on end use, the industrial segment contributed more than half of the total market revenue in 2020 and is expected to dominate by 2030. On the other hand, the automotive segment will exhibit the fastest CAGR of 30.70% throughout the forecast period.
From a regional perspective, the Asia-Pacific region will occupy a major share in 2020, accounting for nearly one-third of the global DC charger market. The region will also register the fastest CAGR of 14.10% during the forecast period. Other provinces studied in the report include North America, Europe, and Latin America.
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Key market players analyzed in the global DC charger market report include AEG Power Solutions, Bori SpA, Siemens AG, Delta Electronics, Inc., ABB Ltd., Helios Power Solutions Group, Kirloskar Electric Company Ltd, Hitachi Hi-Rel Power Electronics Private These market players have adopted various strategies including partnerships, expansions, collaborations, joint ventures, etc. to strengthen their positions in the industry.
Key Benefits to Stakeholders
The study includes the analytical description of the DC Charger market size along with current trends and future estimates to describe the imminent space for investment.
The overall DC Charger market analysis aims to understand the profitability trend to gain a firm foothold.
The report provides information related to key drivers, restraints, and opportunities with a detailed impact analysis.
The current DC Charger market forecast is quantitatively analyzed from 2020 to 2030 to measure financial capability.
Porter’s Five Forces Analysis illustrates buyer potential and key suppliers’ DC Charger market shares.
The report includes market trends and competitive analysis of the key vendors in the DC Charger market.
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