Guidehouse Insights Estimates Global Market for Mobile EV Chargers Will Grow to $2.4 Billion by 2033

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May 23, 2024, 05:15 ET

Market drivers include roadside assistance and on-demand charging, emergency deployments, site evaluation, and an alternative to permanent installation

BOULDER, Colo., May 23, 2024 /PRNewswire/ -- A new report from Guidehouse Insights provides an overview of the mobile EV charger market, including charging vehicles, portable chargers, and temporary chargers.

The growing number of plug-in EVs (PEVs) on the road will require a robust EV charging ecosystem. Most early adopters of PEVs have satisfied their charging needs with home chargers, but as PEV adoption increases so will the need for public charging solutions. According to a new report from Guidehouse Insights, strong growth is expected in the market for mobile EV chargers over the next decade, with revenue from mobile EV chargers estimated to reach $2.4 billion by 2033.

"Mobile EV charging can address gaps in the charging ecosystem and provide a flexible nonpermanent charging solution that complements permanent chargers," says Jason Pandich, research analyst with Guidehouse Insights. "Utilizing mobile EV chargers can help avoid costly grid upgrades associated with permanent installation, while allowing users to utilize the battery for charging during time of peak demand instead of using power from the grid."

Because mobile EV chargers can be easily transported to a location and operate without a permanent grid connection, they can be utilized for on-demand and roadside assistance. They can also be deployed on a semipermanent basis to help satisfy short-term demand, provide charging during emergency situations, or evaluate the commercial viability of a potential site for permanent chargers.

Despite their advantages, mobile EV chargers are still a developing market that faces challenges from other potential technologies. New developments in battery technologies that extend vehicle range and reduce charging times could challenge the commercial viability of mobile charging solutions. Other competition could come from technologies like vehicle-to-vehicle (V2V) power transfers or battery-integrated chargers, according to the report.

The report, Mobile EV Chargers, includes analyses from 2024 to 2033 for the sales and revenue of mobile EV chargers segmented by technology: charging vehicles, portable chargers, and temporary chargers. Revenue projections for each technology are segmented into battery and non-battery components. The potential battery capacity for new mobile EV charger sales and the total population of deployed chargers are also included. An executive summary of the report is available for free download on the Guidehouse Insights website.

About Guidehouse Insights
Guidehouse Insights, the dedicated market intelligence arm of Guidehouse, provides research, data, and benchmarking services for today's rapidly changing and highly regulated industries. Our insights are built on in-depth analysis of global clean technology markets. The team's research methodology combines supply-side industry analysis, end-user primary research, and demand assessment, paired with a deep examination of technology trends, to provide a comprehensive view of emerging resilient infrastructure systems. Additional information about Guidehouse Insights can be found at www.guidehouseinsights.com.

About Guidehouse
Guidehouse is a leading global provider of consulting services to the public sector and commercial markets, with broad capabilities in management, technology, and risk consulting. By combining our public and private sector expertise, we help clients address their most complex challenges and navigate significant regulatory pressures focusing on transformational change, business resiliency, and technology-driven innovation. Across a range of advisory, consulting, outsourcing, and digital services, we create scalable, innovative solutions that help our clients outwit complexity and position them for future growth and success. The company has more than 16,000 professionals in over 55 locations globally. Guidehouse is led by seasoned professionals with proven and diverse expertise in traditional and emerging technologies, markets, and agenda-setting issues driving national and global economies. For more information, please visit www.guidehouse.com.

* The information contained in this press release concerning the report, Mobile EV Chargers, is a summary and reflects the current expectations of Guidehouse Insights based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report's conclusions and the methodologies used to create the report. Neither Guidehouse Insights nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report.

For more information, contact:

Cecile Fradkin for Guidehouse Insights
+1.646.941.9139
[email protected]

SOURCE Guidehouse Insights