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Czech Republic Country To Value at 45.7% CAGR During 2017-2023


Government regulations for controlling environment pollution, rise in initiatives by Govt. for developing of EV charging infrastructure drive the market growth.

PORTLAND, OREGON, UNITED STATES, August 14, 2022 /EINPresswire.com/ — According to the report by Allied Market Research, the Europe electric vehicle chargers market garnered $587.8 million in 2017, and is estimated to reach at $2.75 billion by 2023, registering a CAGR of 29.4% from 2017 to 2023. The research provides a detailed analysis of top investment pockets, drivers & opportunities, major segments, and key market players.

Based on end user, the residential sector garnered more than three-fourths of the total market in 2017. However, the commercial sector is expected to register the highest growth rate with a CAGR of 30.8% from 2017 to 2023.

Government regulations for controlling environment pollution, huge market penetration of electric vehicles, and rise in initiatives by governments for developing of electric vehicle charging infrastructure drive the market growth. However, limited number of EV charging stations and lack of standardization of EV charging hinder the market growth. On the other hand, increase in demand for luxury vehicles and installation of wireless charging for electric vehicles create new opportunities in the industry.

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Based on vehicle type, the plug-in hybrid electric vehicle segment accounted for nearly two-thirds of the total market share in 2017, and is expected to maintain its dominant position during the forecast period. However, the battery electric vehicle segment would register the fastest growth rate with a CAGR of 31.8% from 2017 to 2023.

Based on charging type, the on-board chargers segment contributed to more than four-fifths of the total market in 2017 and is expected to maintain its lead position by 2023. On the other hand, the on-board chargers segment would grow at the highest CAGR of 30.6% during the forecast period.

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Based on end user, the residential sector garnered more than three-fourths of the total market in 2017 and is expected to continue its dominance by 2023. However, the commercial sector is expected to register the fastest growth rate with a CAGR of 30.8% from 2017 to 2023.

Based on country, Netherlands accounted for the highest revenue in 2017, with nearly one-fourth of the total market share, and is estimated to maintain its highest share by 2023. On the other hand, Czech would register the fastest CAGR of 45.7% from 2017 to 2023.

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The key market players operating in the Europe EV chargers market include ABB Ltd., Innogy SE, Chroma Ate Inc. (Chroma), Mennekes Elektrotechnik GmbH & Co. KG, KEBA AG, Chargemaster PLC, POD Point Ltd., Schaffner Holding AG, Robert Bosch GmbH, Silicon Laboratories, Inc., and Siemens AG.

Similar Reports We Have on EV Charging Industry:

Electric Vehicle Charger Market by Vehicle Type (Battery Electric Vehicle (BEV), Plug-in Hybrid Electric Vehicle (PHEV), and Hybrid Electric Vehicle (HEV)), Charging Type (On-board Chargers, and Off-board Chargers), and End User (Residential and Commercial): Global Opportunity Analysis and Industry Forecast, 2020-2027 | https://www.alliedmarketresearch.com/electric-vehicle-charger-EVC-market

Electric Vehicle Charging System Market by Product Type (Home Charging Systems and Commercial Charging Systems), Mode of Charging (Plug-in Charging System and Wireless Charging System) and Charging Voltage Level (Level 1, Level 2, and Level 3): Global Opportunity Analysis and Industry Forecast, 2021–2030 | https://www.alliedmarketresearch.com/electric-vehicle-charging-systems-market

Wireless Electric Vehicle Charging Market by Vehicle Type (BEV, PHEV, CEV), by Distribution Channel (OEMS, AFTERMARKET), by Charging Method (CWPT, MGWPT, RIPT, IPT), by Installation (Home, Commercial), by Power Source (3?11 KW, 11–50 KW, >50 KW): Global Opportunity Analysis and Industry Forecast, 2020-2030 | https://www.alliedmarketresearch.com/wireless-electric-vehicle-charging-market

Solar Carport Charging Station Market by Type (Medium and Small Solar Carport Charging Station and Large Solar Carport Charging Station) and Application (Household and Commercial): Global Opportunity Analysis and Industry Forecast, 2021–2027 | https://www.alliedmarketresearch.com/solar-carport-charging-station-market-A07888

Electric Vehicle Charging Cable Market by Power Type (AC charging, DC charging), by Application (Private charging, Public charging), by Cable Length (2 meter to 5 meter, 6 meter to 10 meter, Above 10 meter), by Shape (Straight, Coiled), by Charging Level (Level 1, Level 2, Level 3): Global Opportunity Analysis and Industry Forecast, 2021-2031 | https://www.alliedmarketresearch.com/ev-charging-cable-market-A08914

David Correa
Allied Analytics LLP
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