Dublin, Feb. 27, 2025 (GLOBE NEWSWIRE) -- The "Electric Vehicle AC Chargers - Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering.
The global market for Electric Vehicle AC Chargers was valued at US$7.5 Billion in 2024 and is projected to reach US$36 Billion by 2030, growing at a CAGR of 29.9% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as ABB Ltd., Blink Charging Co., Bolt Earth, Bosch Automotive Service Solutions Inc, BTC POWER, Inc. and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
The growth in the electric vehicle AC charger market is driven by a confluence of technological advancements, surging EV adoption, and a shift in consumer preferences towards convenient, cost-effective, and sustainable charging solutions. One of the central drivers is the global rise in EV ownership, which has significantly increased demand for home and workplace charging options, with AC chargers serving as the most affordable and practical solution for these needs.
Innovations in AC charging technology, particularly the development of faster Level 2 chargers and smart charging features, have made AC charging more efficient and customizable. These advancements align well with the evolving needs of EV owners who require greater control over their charging routines, from remote monitoring to scheduled charging during off-peak hours.
Moreover, supportive government policies have created incentives for installing AC chargers, with various programs offering rebates and grants to promote charging infrastructure in residential, commercial, and public spaces. Many regional governments are also mandating EV infrastructure expansion as part of broader clean energy initiatives, positioning AC chargers as a key element in urban planning and sustainability efforts.
Consumer preferences for environmentally friendly and efficient vehicles have also spurred growth, as more EV owners seek charging options that integrate with renewable energy sources, such as solar. Since AC chargers can be easily paired with home solar systems, they enable users to charge their EVs directly from renewable sources, reducing reliance on traditional grid power and lowering environmental impact. As more consumers embrace these values, the demand for AC charging solutions that are both accessible and eco-conscious is expected to rise.
Together, these drivers underscore a robust growth trajectory for the electric vehicle AC charger market, with AC chargers positioned to play a central role in the future of EV charging infrastructure as they support the transition toward more sustainable transportation.
Report Scope
The report analyzes the Electric Vehicle AC Chargers market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.
Segments
Type (Standard Chargers, Fast Chargers); Application (BEV Application, PHEV Application).
Geographic Regions/Countries
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Standard Chargers segment, which is expected to reach US$27.1 Billion by 2030 with a CAGR of a 29.2%. The Fast Chargers segment is also set to grow at 32.3% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, valued at $2 Billion in 2024, and China, forecasted to grow at an impressive 39.7% CAGR to reach $10 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Electric Vehicle AC Chargers Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Electric Vehicle AC Chargers Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Electric Vehicle AC Chargers Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Some of the 35 major companies featured in this Electric Vehicle AC Chargers market report include:
- ABB Ltd.
- Blink Charging Co.
- Bolt Earth
- Bosch Automotive Service Solutions Inc.
- BTC POWER, Inc.
- ChargePoint, Inc.
- Duosida HK Ltd.
- Eaton Corporation
- EO Charging
- EVBox
Key Attributes
| Report Attribute | Details |
| No. of Pages | 266 |
| Forecast Period | 2024-2030 |
| Estimated Market Value (USD) in 2024 | $7.5 Billion |
| Forecasted Market Value (USD) by 2030 | $36 Billion |
| Compound Annual Growth Rate | 29.9% |
| Regions Covered | Global |
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Global Economic Update
- Electric Vehicle AC Chargers - Global Key Competitors Percentage Market Share in 2025 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2025 (E)
MARKET TRENDS & DRIVERS
- Rising Adoption of Electric Vehicles Drives Growth in Electric Vehicle AC Chargers Market
- Increasing Focus on Expanding Charging Infrastructure Fuels Demand for AC Chargers
- Here's How Advances in Fast Charging Technology Enhance AC Charger Efficiency
- Growing Popularity of Home Charging Solutions Expands Market for AC Chargers
- Rising Investment in Public Charging Stations Supports Demand for Reliable AC Chargers
- Increasing Demand for Affordable Charging Options Drives Growth in Level 1 and Level 2 Chargers
- Here's How Smart Charging Features Improve Energy Management in AC Chargers
- Focus on Grid Stability Supports Development of Intelligent and Load-Balancing AC Chargers
- Advancements in IoT and Connectivity Enable Remote Monitoring of AC Chargers
- Growing Adoption of EV Charging in Residential Complexes Expands Market Reach
- Here's How Integration of Renewable Energy Sources Enhances Sustainability of AC Chargers
- Rising Demand for Electric Fleet Charging Solutions Expands Applications for AC Chargers
For more information about this report visit https://www.researchandmarkets.com/r/etut9v
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