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Download Free sampleThe global Electric Vehicle Charger (EVC) market was valued at 2723.42 Million USD in 2021 and will grow with a CAGR of 25.26% from 2021 to 2027, based on Research newly published report.
The prime objective of Electric Vehicle Charger Market is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, Electric Vehicle Charger Market covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
Electric Vehicle Charger (EVC) is a device which converts the alternating current (AC) distributed by electric utilities to the direct current (DC) needed to recharge the battery of electric vehicle. There are a number of different types of battery chargers based on the way they control the charging rate and whether installed on the electric vehicles, such as on-board and off-board Electric Vehicle Charger (EVC). Generally, the former has a small power, while off-board is large and has power more than 30 KW.The global electric vehicle charger (EVC) market developed rapidly in the past five years, now United States, China and Western Europe are dominated the EVC market, especially in China, now has been the largest market of electric vehicle and EVC. In addition, China, United States, India and major European countries have planned to expand the electric vehicle market; this will give a big boost to the EVC market.
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