Europe Electric Vehicle Chargers Market Share, Sales - 2027

WILMINGTON, DELAWARE, UNITED STATES, November 22, 2023 /EINPresswire.com/ -- The European electric vehicle chargers market size was valued at $477.2 million in 2016, and is projected to reach at $2,756.4 million by 2023, growing at a CAGR of 29.4% from 2017 to 2023.

Electric vehicle chargers supply electrical energy to recharge electric vehicles, such as battery electric vehicles, plug-in hybrid electric vehicles, and hybrid electric vehicles. Government regulations related to the use of electric vehicles to curb environmental pollution drives the demand for electric vehicles.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭@ https://www.alliedmarketresearch.com/europe-electric-vehicle-chargers-market/purchase-options

Government regulations related to the use of electric vehicles to curb environmental pollution drives the demand for electric vehicles, which is expected to boost the Europe EV chargers market. Further, surge in demand for electric vehicles fuels the market growth. However, high price of such electric vehicles and lack of presence of EV chargers at public places may impede this growth. Increase in demand for luxury electric vehicles is expected to offer ample opportunities to key players in the market.

In 2016, the on-board chargers segment dominated the Europe electric vehicle chargers in charging type segment, in terms of revenue. Moreover, battery electric vehicle segment witnessed significant growth, as it can be replaced easily and requires low maintenance. The demand for BEV has increased significantly over the years in an effort to reduce the carbon emissions from fuel cars. As per International Energy Agency (IEA.org), more than 450,500 battery electric vehicles have been sold across the world. Stringent government regulations to restrain environmental pollution and reduce the dependency of fuel cars are expected to boost the demand for battery electric vehicles.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬: https://www.alliedmarketresearch.com/request-sample/4525

Netherlands was the highest revenue contributor to the Europe electric vehicle chargers market share in 2016, accounting for around 23.85% share, owing to surge in demand for electric vehicle charging infrastructure. Furthermore, rise in demand for noise reduction and increase in innovation in the field of e-mobility drive the market across the country.

The market is consolidated by the presence of major key players such as ABB Ltd., Schaffner Holdings AG, KEBA AG, Innogy SE, and others. These players have adopted efficient techniques to develop innovative offerings. The European government has initiated various schemes & policies such as tax rebate, incentives for the usage of electric vehicle chargers, and other benefits for adoption of electric vehicles across the region, which drives the Europe electric vehicle chargers market. The benefits for the electric vehicles users include preferential parking permits in dense urban areas across the city of Amsterdam or the permit to drive in bus and taxi lanes during rush hours across city of Oslo.

𝐌𝐚𝐤𝐞 𝐚𝐧 𝐈𝐧𝐪𝐮𝐢𝐫𝐲 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠- https://www.alliedmarketresearch.com/purchase-enquiry/4525

The key players profiled in the study are ABB Ltd, Chargemaster Plc, Chroma Ate Inc., Innogy SE, KEBA AG, Mennekes Elektrotechnik GmbH & Co. KG, POD Point Ltd., Robert Bosch GmbH, Schaffner Holding AG, Siemens AG, and Silicon Laboratories, Inc. These players have adopted competitive strategies such as innovation, new product development, and market expansion to boost the growth of the market.

David Correa
Allied Analytics LLP
+ +1 800-792-5285
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.