Global High Power Charging System Market

Global High Power Charging System Market Size, Share, Growth Analysis, By Application(Home charging systems and commercial charging systems and others), By Mode of charging(Plugin charging system, wireless charging system and others) - Industry Forecast 2024-2031

Report ID: SQMIG20E2021 | Region: Global | Published Date: February, 2024
Pages: 242 | Tables: 60 | Figures: 75

Global High Power Charging System Market News

  • In October 2022, Orion Energy Systems, Inc. (NASDAQ: OESX) (Orion Lighting), a provider of energy-efficient LED lighting, controls and electrical installation and maintenance services announced its expansion into the electric vehicle (EV) charging station market through the acquisition of Voltrek, LLC.
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Global High Power Charging System Market size was valued at USD 676 million in 2019 and is poised to grow from USD 870 million in 2023 to USD 4400 million by 2031, growing at a CAGR of 28.5% in the forecast period (2024-2031).

Competition in the global High Power Charging System market is expected to increase during the forecast period because new players are expected to enter in the global market and the number of devices compatible with High Power Charging System will also increase. Currently, only a few key players are providing their services in the global market but these numbers will increase in the upcoming years. 'ABB Ltd.', 'Tesla Inc.', 'Siemens AG', 'Schneider Electric SE', 'Eaton Corporation plc', 'Fuji Electric Co. Ltd.', 'ChargePoint Inc.', 'EVBox Group', 'Tritium Pty Ltd.', 'Delta Electronics Inc.', 'Alfen N.V.', 'Engie SA', 'Innogy SE', 'Allego B.V.', 'Heliox BV', 'Zaptec AS', 'Circontrol SA', 'DBT-CEV SAS', 'Webasto SE', 'Electreon Wireless Ltd.'

In high traffic areas like transportation hub, sun location along the railway station, airports placing high power charging system.The location would be essential in easing the range anxiety of many drivers to decide if switched from ice to EV.Along with the.Lesser time to charge which is off for buy high power charging systems would help to utilize the charging system more.This increasing utilization send lesser time consumption is driving the growth of high power charging station market.

One of the vital aspects that emphasize the need for charging infrastructure development is adoption of electric cars across the globe. Major electric vehicle development countries are spending heavily on research and development for easier and more efficient electric vehicle charging techniques that aim for high power charging systems.

Globally, Asia Pacific is estimated to hold the highest global High Power Charging System market share. Main factors during this growth period are the presence of top market players, Increasing demands,and others.

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