Portable EV Chargers Market: Exploring Opportunities with Market Size and Growth Projections
The global portable EV chargers market is projected to experience significant growth during the forecast period, according to a TechSci Research report titled “Portable EV Chargers Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027”. This growth can be attributed to several factors, including the increasing global penetration of electric vehicles, the emergence of innovative portable electric vehicle chargers by key players, growing consumer awareness regarding vehicular emissions, and supportive government initiatives. Furthermore, the lack of electric vehicle charging stations and the growing need to charge electric vehicles quickly are contributing to the increased demand for portable electric vehicle chargers.
Compared to other types of chargers, portable electric vehicle chargers are easy to install and require less maintenance as they can simply be plugged into an electric vehicle to charge its battery. Roadside assistance companies are rapidly adopting portable electric vehicle chargers to provide charging services for electric vehicle owners stranded on the side of the road with low battery. Additionally, portable electric vehicle chargers are increasingly being used to provide power for emergency vehicles, such as ambulances or fire trucks, when the grid is down. Therefore, the growing use of portable chargers for both domestic and commercial applications is expected to drive the growth of the global portable EV chargers market in the upcoming years.
Browse market data Figures spread through?110 Pages and an in-depth TOC on?"Global?Portable EV Chargers Market"
The global portable EV chargers market is segmented into?product type, vehicle type, and region.?
The global portable electric vehicle chargers market is categorized into two product types: AC charger and DC charger. During the forecast period, the DC portable electric vehicle chargers segment is expected to experience the highest growth. DC chargers are extensively used to provide emergency and/or convenience charging to charge batteries in a short period of time. Most electric vehicles can be charged up to 80% in under an hour using the currently available DC fast chargers. To avoid range anxiety and charge their vehicles fast, drivers are increasingly opting for DC portable electric vehicle chargers, especially for high mileage/long-distance driving and large fleets to recharge batteries during the day or on a short break, rather than keeping the vehicle plugged in overnight. Therefore, the segment growth is expected to be fueled by the increasing need to charge vehicles fast.
The global portable EV chargers market is segmented based on vehicle type into two-wheeler, passenger car, and commercial vehicle. The passenger car segment is expected to hold the largest share in the market, owing to the increased adoption of electric vehicles for personal use due to the enhanced environmental awareness and fluctuating gas prices. However, the commercial vehicle segment is expected to witness the fastest growth during the forecast period, owing to the growing adoption of portable EV chargers by roadside assistance companies, shared fleet operators, etc.
Major market players operating in global portable EV chargers market are:
“Market players are increasingly making investments to build innovative portable electric vehicle chargers that recharge batteries faster and efficiently. In recent years, many new user-friendly portable electric vehicle chargers with new features have emerged, owing to the growing adoption of electric vehicles across the world. Recently, Juice Americas, a subsidiary of Juice Technology has announced to offer their popular J+ BOOSTER 2 Portable EV charger to customers in USA, Canada, and Mexico. The portable EV charger with eight adapter plugs can be used to charge any electric vehicle, including Tesla. Launch of new portable EV chargers by market players and expansion of their product portfolios is expected to aid the growth of the global EV chargers market in the coming years.”, said Mr. Karan Chechi, Research Director, TechSci Research, a research based global management consulting firm.
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“Portable EV Chargers?Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027,?Segmented By Product Type (AC Charger, DC Charger), By Vehicle Type (Two-Wheeler, Passenger Car, Commercial Vehicle) and By Region”,?has evaluated the future growth potential of global portable EV chargers market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global portable EV chargers market.
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