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Europe Electric Vehicle On-Board Charger Market Size
- Report ID: GMI11040
- Published Date: Aug 2024
- Report Format: PDF
Europe Electric Vehicle On-Board Charger Market Size
Europe Electric Vehicle On-Board Charger Market was valued at USD 5.9 billion in 2023 and is set to grow at a CAGR of 21.3% from 2024 to 2032, propelled by a combination of regulatory incentives, technological advancements, and shifting consumer preferences. With ambitious targets set by policymakers to reduce carbon emissions and achieve climate neutrality, the adoption of EVs has become a top priority across the region. As a result, the demand for on-board chargers has soared, driven by the need to expand charging infrastructure and meet the growing needs of EV owners.
Advancements in charging technologies, including fast charging and wireless charging, are significantly enhancing the convenience and adoption of electric vehicles. This is driving market expansion, particularly as Europe emerges as a central hub for EV manufacturing and innovation. Consequently, the electric vehicle on-board charger market in the region is expected to experience robust growth in the coming years?.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Europe Electric Vehicle On-Board Charger Market Size in 2023: | USD 5.9 Billion |
| Forecast Period: | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR: | 21.3% |
| 2032 Value Projection: | USD 33.3 Billion |
| Historical Data for: | 2021 - 2023 |
| No. of Pages: | 100 |
| Tables, Charts & Figures: | 20 |
| Segments covered: | Propulsion, Rating, & Country |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Europe Electric Vehicle On-Board Charger Market Scope
