High-power charger for electric vehicle market size to grow by USD 40,486.62 million from 2022 to 2027: Increasing EV sales to boost growth - Technavio

NEW YORK, April 25, 2023 /PRNewswire/ -- The global high-power charger for electric vehicle market size is estimated to increase by USD 40,486.62 million from 2022 to 2027. The market's growth momentum will accelerate at a CAGR of 39.26%. The increasing EV sales are notably driving market growth. Governments of various countries are providing financial incentives to electric vehicle buyers. For example, the Sustainable Energy Authority of Ireland (SEAI) offers EV buyers up to USD 5,500 to USD 6,000 subsidies as well as exemption from vehicle registration tax. Similarly, in the US, the federal government gives tax credits for new battery EVs and plug-in hybrid EVs, ranging from USD 2,500 to USD 7,500. In Italy, buyers of fully electric or hybrid vehicles are exempt from annual registration tax for five years after purchase. Such incentives will increase the demand for EVs, which, in turn, will drive the growth of the market during the forecast period. Discover some key insights on market size for historic period (2017-2021) and forecast period (2023-2027) - Request a sample report

High-power charger for electric vehicle market – Customer landscape

Our report analyzes the life cycle of the global high-power charger for electric vehicle market from the innovator's stage to the laggard's stage. The report illustrates the lifecycle of the global high-power charger for electric vehicle market, focusing on the adoption rates of the major countries such as the US, Canada, China, India, Japan, and Germany. To help companies evaluate and develop growth strategies, the report outlines –

• Key purchase criteria
• Adoption rates
• Adoption lifecycles
• Drivers of price sensitivity 
• To unlock the detailed information on the customer landscape - Request a sample now!

High-power charger for electric vehicle market – Vendor analysis
Vendor landscape –

The global high-power charger for electric vehicle market is fragmented, with the presence of well-established international and regional vendors. A few prominent vendors that offer high-power chargers for electric vehicles are ABB Ltd., Blink Charging Co., BorgWarner Inc., Chargemaster NZ, ChargePoint Inc., ClipperCreek Inc., EV Safe Charge Inc., EVBox BV, FLO Services USA Inc., Hyundai Motor Co., Infineon Technologies AG, Leviton Manufacturing Co. Inc., Robert Bosch GmbH, Shenzhen Shenghong Electric Co. Ltd., Siemens AG, Tesla Inc., VOLTERIO GmbH, WiTricity Corp., Zhejiang Benyi Electrical Co. Ltd., and Tata Motors Ltd. and others.

Key vendors hold a significant share of the market, with strong financial resources and technical expertise and a focus on developing advanced product offerings. Small and medium-sized vendors compete with established vendors by strengthening their positions in local and regional markets. Thus, the competition among vendors operating in the market is expected to intensify during the forecast period.

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Vendor offerings -

• ABB Ltd. - The company offers high-power chargers for electric vehicles, such as Terra HP Charger Up to 350 kW.
• Blink Charging Co. - The company offers high-power chargers for electric vehicles such as Series 3, PQ 150, and IQ 200.
• BorgWarner Inc. - The company offers high-power chargers for electric vehicle solutions such as bidirectional EV charging systems.
• For details on the vendor and its offerings – Request a sample report

High-power charger for electric vehicle market - Segmentation assessment

Segment overview
Technavio has segmented the market based on type (50 kW-less than 150 kW, 150 kW-350 kW, and 350 kW and above), application (plug-in hybrid electric vehicle and battery electric vehicle), and geography (APAC, North America, Europe, South America, and Middle East and Africa). 

• The 50 KW-less than 150 KW segment will be significant during the forecast period. Vendors use high-power chargers for PHEVs or BEVs to ensure better performance. High-power electric vehicle chargers provide fast charging capabilities. With the rise in demand for electric vehicles increases, the need for high-performance chargers increases. These chargers can provide more than 50kW of charge and are generally used to charge EVs with a range of 150 km or lower. These factors will drive the growth of the segment during the forecast period.

Geography overview
The report provides actionable insights and estimates the contribution of all regions to the growth of the global high-power charger for electric vehicle market.

• APAC is estimated to account for 44% of the growth of the global market during the forecast period. China, Japan, and South Korea are the key contributors to the market in Asia. The market for high-capacity EV chargers is growing in China. Public transport in China is also being electrified. Therefore, the deployment of electric buses and other electric vehicles for transport, with the growing need to reduce air pollution in countries across APAC, will lead to the demand for large-capacity vehicles. Therefore, the demand for electric vehicle chargers is expected to drive the growth of the high-power charger for electric vehicle market in APAC during the forecast period.

For insights on global, regional, and country-level parameters with growth opportunities from 2017 to 2027 - Download a sample report

High-power charger for electric vehicle market – Market dynamics

Key trends - Recent developments in high-power chargers for EVs are a key trend in the market. The addition of new products will encourage consumers to purchase high-power electric vehicle chargers. The rising number of new product launches also intensifies competition in the market. New product launches encourage consumers to try different products. In addition, manufacturers are focusing on developing new products that offer end-users a fast charging experience. Such developments are expected to support the growth of the market during the forecast period.

Major challenges - The lack of charging infrastructure in potential markets is challenging market growth. EV owners do not benefit from standardized refueling facilities. For example, in India, charging infrastructure is difficult to implement or non-existent. Governments play a key role in the development of EV charging infrastructure. However, their focus on developing and deploying better-charging infrastructure is minimal. There are inadequate subsidies to drive development. These factors will, in turn, challenge the growth of the market during the forecast period.

Drivers, trends, and challenges have an impact on market dynamics and businesses. Find more such key insights in the sample PDF report!

What are the key data covered in this high-power charger for electric vehicle market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the high-power charger for electric vehicle market between 2023 and 2027
• Precise estimation of the size of the high-power charger for electric vehicle market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the high-power charger for electric vehicle market across APAC, North America, Europe, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of high-power charger for electric vehicle market vendors

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Table of contents

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global high-power charger for electric vehicle market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global high-power charger for electric vehicle market 2017 - 2021 ($ million)

• 4.2 Type Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ million)

• 4.3 Application Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

• 6.1 Market segments
• Exhibit 30: Chart on Type - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Type - Market share 2022-2027 (%)

• 6.2 Comparison by Type
• Exhibit 32: Chart on Comparison by Type
• Exhibit 33: Data Table on Comparison by Type

• 6.3 50 kW-less than 150 kW - Market size and forecast 2022-2027 
• Exhibit 34: Chart on 50 kW-less than 150 kW - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on 50 kW-less than 150 kW - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on 50 kW-less than 150 kW - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on 50 kW-less than 150 kW - Year-over-year growth 2022-2027 (%)

• 6.4 150 kW-350 kW - Market size and forecast 2022-2027 
• Exhibit 38: Chart on 150 kW-350 kW - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on 150 kW-350 kW - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on 150 kW-350 kW - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on 150 kW-350 kW - Year-over-year growth 2022-2027 (%)

• 6.5 350 kW and above - Market size and forecast 2022-2027 
• Exhibit 42: Chart on 350 kW and above - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on 350 kW and above - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on 350 kW and above - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on 350 kW and above - Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by Type 
• Exhibit 46: Market opportunity by Type ($ million)
• Exhibit 47: Data Table on Market opportunity by Type ($ million)

7 Market Segmentation by Application

• 7.1 Market segments
• Exhibit 48: Chart on Application - Market share 2022-2027 (%)
• Exhibit 49: Data Table on Application - Market share 2022-2027 (%)

• 7.2 Comparison by Application 
• Exhibit 50: Chart on Comparison by Application
• Exhibit 51: Data Table on Comparison by Application

• 7.3 Plug-in hybrid electric vehicle - Market size and forecast 2022-2027 
• Exhibit 52: Chart on Plug-in hybrid electric vehicle - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Data Table on Plug-in hybrid electric vehicle - Market size and forecast 2022-2027 ($ million)
• Exhibit 54: Chart on Plug-in hybrid electric vehicle - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Plug-in hybrid electric vehicle - Year-over-year growth 2022-2027 (%)

• 7.4 Battery electric vehicle - Market size and forecast 2022-2027 
• Exhibit 56: Chart on Battery electric vehicle - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Data Table on Battery electric vehicle - Market size and forecast 2022-2027 ($ million)
• Exhibit 58: Chart on Battery electric vehicle - Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on Battery electric vehicle - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Application 
• Exhibit 60: Market opportunity by Application ($ million)
• Exhibit 61: Data Table on Market opportunity by Application ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 63: Chart on Market share by geography 2022-2027 (%)
• Exhibit 64: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 65: Chart on Geographic comparison
• Exhibit 66: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027 
• Exhibit 67: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 68: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 69: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 North America - Market size and forecast 2022-2027 
• Exhibit 71: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 72: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027 
• Exhibit 75: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027 
• Exhibit 79: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 China - Market size and forecast 2022-2027 
• Exhibit 87: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.9 US - Market size and forecast 2022-2027 
• Exhibit 91: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.10 Germany - Market size and forecast 2022-2027 
• Exhibit 95: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.11 France - Market size and forecast 2022-2027 
• Exhibit 99: Chart on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on France - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on France - Year-over-year growth 2022-2027 (%)

• 9.12 The Netherlands - Market size and forecast 2022-2027 
• Exhibit 103: Chart on The Netherlands - Market size and forecast 2022-2027 ($ million)
• Exhibit 104: Data Table on The Netherlands - Market size and forecast 2022-2027 ($ million)
• Exhibit 105: Chart on The Netherlands - Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on The Netherlands - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 107: Market opportunity by geography ($ million)
• Exhibit 108: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 109: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 110: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 111: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 112: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 113: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 114: Matrix on vendor position and classification

• 12.3 ABB Ltd.
• Exhibit 115: ABB Ltd. - Overview
• Exhibit 116: ABB Ltd. - Business segments
• Exhibit 117: ABB Ltd. - Key offerings
• Exhibit 118: ABB Ltd. - Segment focus

• 12.4 Blink Charging Co.
• Exhibit 119: Blink Charging Co. - Overview
• Exhibit 120: Blink Charging Co. - Product / Service
• Exhibit 121: Blink Charging Co. - Key news
• Exhibit 122: Blink Charging Co. - Key offerings

• 12.5 BorgWarner Inc.
• Exhibit 123: BorgWarner Inc. - Overview
• Exhibit 124: BorgWarner Inc. - Business segments
• Exhibit 125: BorgWarner Inc. - Key news
• Exhibit 126: BorgWarner Inc. - Key offerings
• Exhibit 127: BorgWarner Inc. - Segment focus

• 12.6 Chargemaster NZ
• Exhibit 128: Chargemaster NZ - Overview
• Exhibit 129: Chargemaster NZ - Product / Service
• Exhibit 130: Chargemaster NZ - Key offerings

• 12.7 ChargePoint Inc.
• Exhibit 131: ChargePoint Inc. - Overview
• Exhibit 132: ChargePoint Inc. - Product / Service
• Exhibit 133: ChargePoint Inc. - Key news
• Exhibit 134: ChargePoint Inc. - Key offerings

• 12.8 ClipperCreek Inc.
• Exhibit 135: ClipperCreek Inc. - Overview
• Exhibit 136: ClipperCreek Inc. - Product / Service
• Exhibit 137: ClipperCreek Inc. - Key offerings

• 12.9 EV Safe Charge Inc.
• Exhibit 138: EV Safe Charge Inc. - Overview
• Exhibit 139: EV Safe Charge Inc. - Product / Service
• Exhibit 140: EV Safe Charge Inc. - Key offerings

• 12.10 EVBox BV
• Exhibit 141: EVBox BV - Overview
• Exhibit 142: EVBox BV - Product / Service
• Exhibit 143: EVBox BV - Key offerings

• 12.11 FLO Services USA Inc. 
• Exhibit 144: FLO Services USA Inc. - Overview
• Exhibit 145: FLO Services USA Inc. - Product / Service
• Exhibit 146: FLO Services USA Inc. - Key offerings

• 12.12 Hyundai Motor Co.
• Exhibit 147: Hyundai Motor Co. - Overview
• Exhibit 148: Hyundai Motor Co. - Business segments
• Exhibit 149: Hyundai Motor Co. - Key news
• Exhibit 150: Hyundai Motor Co. - Key offerings
• Exhibit 151: Hyundai Motor Co. - Segment focus

• 12.13 Infineon Technologies AG 
• Exhibit 152: Infineon Technologies AG - Overview
• Exhibit 153: Infineon Technologies AG - Business segments
• Exhibit 154: Infineon Technologies AG - Key news
• Exhibit 155: Infineon Technologies AG - Key offerings
• Exhibit 156: Infineon Technologies AG - Segment focus

• 12.14 Leviton Manufacturing Co. Inc. 
• Exhibit 157: Leviton Manufacturing Co. Inc. - Overview
• Exhibit 158: Leviton Manufacturing Co. Inc. - Product / Service
• Exhibit 159: Leviton Manufacturing Co. Inc. - Key offerings

• 12.15 Robert Bosch GmbH
• Exhibit 160: Robert Bosch GmbH - Overview
• Exhibit 161: Robert Bosch GmbH - Business segments
• Exhibit 162: Robert Bosch GmbH - Key news
• Exhibit 163: Robert Bosch GmbH - Key offerings
• Exhibit 164: Robert Bosch GmbH - Segment focus

• 12.16 Siemens AG
• Exhibit 165: Siemens AG - Overview
• Exhibit 166: Siemens AG - Business segments
• Exhibit 167: Siemens AG - Key news
• Exhibit 168: Siemens AG - Key offerings
• Exhibit 169: Siemens AG - Segment focus

• 12.17 VOLTERIO GmbH
• Exhibit 170: VOLTERIO GmbH - Overview
• Exhibit 171: VOLTERIO GmbH - Product / Service
• Exhibit 172: VOLTERIO GmbH - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 173: Inclusions checklist
• Exhibit 174: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 175: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 176: Research methodology
• Exhibit 177: Validation techniques employed for market sizing
• Exhibit 178: Information sources

• 13.5 List of abbreviations 
• Exhibit 179: List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Technavio Research
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Email: [email protected]
Website: www.technavio.com/

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