According to the new market research report “AC EV Chargers- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”, published by QYResearch, the global AC EV Chargers market size is projected to reach USD 8.9 billion by 2030, at a CAGR of 15.6% during the forecast period.
- Global AC EV Chargers MarketSize(US$ Million), 2019-2030
Source: QYResearch, "AC EV Chargers- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
An AC (Alternating Current) EV (Electric Vehicle) charger is a device used to charge electric vehicles by converting AC electricity from the grid into the DC (Direct Current) power needed to charge the vehicle's battery. AC chargers are commonly found in homes, businesses, and public charging stations.
- Global AC EV Chargers Top13 Players Rankingand Market Share (Ranking is based on the revenue of 2023, continually updated)
Source: QYResearch, "AC EV Chargers- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
According to QYResearch Top Players Research Center, the global key manufacturers of AC EV Chargers include BYD, ABB, Chargepoint, Wallbox, Webasto, Star Charge, EVBox, TELD, Leviton, Pod Point, etc. In 2023, the global top five players had a share approximately 44.0% in terms of revenue.
Market Drivers:
The growing demand of electric vehicle directly drives the growth of the market
The government's incentive measures for electric vehicles promote the development of the industry
People's acceptance of electric vehicles has increased
Restraint:
The price rise of raw materials such as copper further compressed market profit
Poor range and limited attractiveness have long been the two biggest bottlenecks to EV uptake
Intense industry competition
Opportunity:
Higher Power Outputs: While traditional Level 2 chargers offer up to 7.2 kW, newer models are pushing this limit to 11 kW and 22 kW, reducing charging times.
Enhanced Usability: Modern chargers feature intuitive interfaces, LED indicators, and robust cable management systems.
Integration with IoT: Many AC EV chargers now come with smart features, including Wi-Fi and Bluetooth connectivity. This allows for remote monitoring, control, and scheduling via mobile apps.
About The Authors
| Jiquan Zhai - Lead Author |
| Email: zhaijiquan@qyresearch.com |
| Tel: 17319264309 |
About QYResearch
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