China electric vehicle charger market is projected to grow at a CAGR of over 26.0% during the forecast period (2019-2025). The increasing number of charging points in the country significantly drive the growth of the market.
According to the China Electric Vehicle Charging Infrastructure Promotion Association in December 2019, the number of public charging stations for EVs owned and operated by its members totaled 496,000 units as of November 2019, of which 289,000 were AC charging stations, 206,000 were DC while 488 offered both types of current.
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During the first eleven months of 2019, 365,000 charging facilities were installed in the country which represented an increase of 29.5% compared to the last year. As of November 2019, 8 Chinese companies own and operate at least 10,000 EV charging stations in China:
- Qingdao Teld New Energy with 144,000 units
- Star Charge with 112,000 units
- State Grid Corporation of China with 88,000 units
- Jiangsu YKC New Energy Technology with 33,000 units
- EV Power with 25,000 units
- AnYo Charging with 18,000 units
- Potevio with 14,000 units and
- Shenzhen Car Energy Network with 12,000 units.
In addition, in November 2020, Tesla Inc. announced its plans to start manufacturing EV chargers in China in 2021. Tesla, which sells its Model 3 electric cars in China and plans to deliver its Model Y sport utility vehicles in 2021, has planned to invest $6.4 million in a new factory for making the chargers, near its car plant in Shanghai. Such an increase in the charging network in the country will directly impact the growth of the China electric vehicle charger industry.
Market Coverage
- Market number available for – 2018-2025
- Base year- 2018
- Forecast period- 2019-2025
- Segment Covered- By Ownership, By Charger Type, and By Connector Type
- Region Covered- China
- Competitive Landscape- Zhejiang Young Energy Technology Co., Ltd, ABB Ltd., Tesla, Inc., Webasto SE, ShenZhen SETEC Power Co., Ltd., XCharge, Inc., Qingdao TELD NEW ENERGY Co., Ltd. (TGOOD), Chengdu Khons Technology Co., Ltd.
Key Questions Addressed by the Report
- What is the market growth rate?
- Which segment dominates the market in the base year?
- Which segment will project the fastest growth in the market?
- How COVID-19 impacted the market?
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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A full Report of China Electric Vehicle Charger Market is Available at: https://www.omrglobal.com/industry-reports/china-electric-vehicle-charger-market
China Electric Bus Market Report Segment
By Ownership
- Public
- Private
By Charger Type
- Slow Charger
- Fast Charger
By Connector Type
- AC Connectors
- DC Connectors
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
