Hypercharger Market worth 273.7 thousand Units by 2030 - Exclusive Report by MarketsandMarkets™

CHICAGO, Nov. 21, 2023 /PRNewswire/ -- Hypercharger market size is projected to grow from 10.4 thousand Units in 2023 and projected to reach 273.7 thousand Units by 2030, at a CAGR of 59.5%, according to a new report by MarketsandMarkets™. The Hypercharger demand is primarily driven by the growing popularity and adoption of electric vehicles (EVs). As more consumers and businesses transition to electric mobility, there is a heightened need for charging solutions that offer ultra-fast charging speeds. Hypercharger addresses the time constraints associated with traditional charging methods, providing EV users with the convenience of quickly replenishing their vehicle's battery charge.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=47021996

Browse in-depth TOC on "Hypercharger Market".

15 - Tables
30 - Figures       
45 - Pages

Hypercharger Market Scope:

Passenger Car segment is expected to have high growth rate in the sales of vehicle compatible with Hypercharging

The passenger car segment is anticipated to experience a high growth rate in the Hypercharger market, driven by the introduction of new electric vehicle models such as the Hummer EV, Hyundai Ioniq 5, KIA EV6, and several others. These launches contribute to overcoming range anxiety, a significant concern for potential electric vehicle buyers. The incorporation of Hypercharger capabilities in these models ensures faster and more convenient charging, alleviating concerns about long charging times and enhancing the overall appeal and feasibility of electric cars, thereby fueling growth in the sales for passenger vehicles compatible with hypercharging.

MCS" segment is expected to have significant growth opportunities in global Hypercharger Market

The Megawatt segment is poised for substantial growth in the global Hypercharger industry due to its pivotal role in addressing the specific needs of Heavy Commercial Vehicles (HCVs). As electric HCVs gain traction, the demand for rapid and high-capacity charging solutions becomes imperative. Megawatt charging systems are designed to cater to these heavy-duty vehicles, offering ultra-fast charging speeds that significantly reduce downtime. The surge in electric HCV adoption, coupled with the efficiency of Megawatt charging for quick and powerful recharging, creates significant growth opportunities in this segment within the broader Hypercharger

"South Korea to have significant market share in the Hypercharger Market in Asia Pacific".

South Korea is poised to secure a significant market share in the Asia Pacific Hypercharger Market, driven by the surge in Battery Electric Vehicle (BEV) sales within the country. The increasing adoption of electric vehicles, particularly from local brands like Hyundai and KIA, contributes to this growth. These automakers offer Ultrafast charging-compatible vehicles, addressing the rising demand for efficient and high-speed charging solutions. As South Korea continues to prioritize sustainable transportation, its growing BEV market and the presence of local brands with Hypercharger-compatible offerings position it as a key player in the regional Hypercharger landscape.

Inquire Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=47021996

Key Market Players:

The major players in Hypercharger Market include ABB (Switzerland), Electrify America (US), Heliox (Netherlands), Tritium (Australia) and IONITY (Germany), etc.

Recent Developments

• In 2021, ABB launched the world's fastest EV charging station Terra 360, which can charge most EVs in less than 15 minutes.
• In 2022, CharIN introduces Megawatt Charging System (MCS) at EVS35, Oslo, with impressive demonstrations and upcoming product showcases.
• In June 2023, EVBox launches EVBox Troniq High Power, the most powerful standalone charging station with a 400 kW power output.
• In 2023, Electrify America plans to deploy a total of 10,000 350 kW chargers by 2025.

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=47021996

Browse Adjacent Market: Automotive and Transportation Market Research Reports & Consulting

Related Reports:

EV Charging Station Market - Global Forecast to 2027

Wireless Charging Market - Global Forecast to 2030

EV Cables Market - Global Forecast to 2028

EV Charging Cable Market - Global Forecast to 2030

About MarketsandMarkets™:

MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Visit Our Website: https://www.marketsandmarkets.com/
Content Source: https://www.marketsandmarkets.com/PressReleases/hypercharger.asp

Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg

SOURCE MarketsandMarkets