Car Battery Chargers Market to Grow at a CAGR of 7.5% through 2027
Verfasser: pradnya_86 on Monday, 19 June 2017Worldwide growth in electric car sales estimated to directly impact the sales of electric car battery chargers
The electric car battery chargers segment by product type is estimated to account for a revenue share of more than 75% in the overall market by 2017 end. This segment is projected to gain more than 300 BPS between 2017 and 2027 and is expected to retain its dominance throughout the forecast period. This segment is projected to reach a market value in excess of US$ 1,900 Mn by 2027 end, expanding at a CAGR of 7.5%. The electric car battery chargers segment is likely to create total incremental opportunity of US$ 984.8 Mn between 2017 and 2027. The Japan electric car battery chargers segment is anticipated to account for nearly 20% share of this incremental opportunity during the same period. In terms of value, the electric car battery chargers segment is projected to continue its dominance over the period of forecast. This is primarily due to growth in demand by consumers for electric cars, owing to stringent government regulations and environment friendly operations of electric cars.
A growing electric cars market is projected to fuel growth in demand for electric car battery chargers