The global portable EV charger market size reached US$ 35.6 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 105.2 Million by 2028, exhibiting a growth rate (CAGR) of 19.70% during 2023-2028. The increasing adoption of electric vehicles, various advancements in portable charging technologies, the rising number of public EV charging stations, and the implementation of government initiatives represent some of the key factors driving the market.
A portable electric vehicle (EV) charger is a device that allows EV owners to charge their vehicles on the go using a standard electrical outlet. These chargers can be carried in the trunk of a car or stored in a garage, unlike traditional EV chargers, which are typically installed at fixed locations, thus providing greater flexibility and convenience. They also come in a variety of sizes and charging capacities, ranging from small, compact devices that can charge a car's battery slowly over several hours to larger, more powerful chargers that can provide a quick charge in just a few hours. Some portable EV chargers are designed to work with specific models of electric vehicles, while others are compatible with a wide range of makes and models. In addition, they are equipped with various safety features, such as automatic shut-off and overload protection, to ensure safe and reliable charging. Owing to these benefits, the demand for portable EV chargers is escalating across the globe.
Portable EV Charger Market Trends:
The market is primarily driven by the increasing adoption of electric vehicles. Portable chargers allow EV owners to charge their vehicles regardless of the place, providing greater convenience and flexibility. In addition, the increasing number of public EV charging stations represents another major growth-inducing factor. Besides this, the development of new technologies, such as faster charging and wireless charging, is driving innovation in the portable EV charger market. Due to this, manufacturers are continually improving their products to make them more efficient and user-friendly. This, coupled with the implementation of government initiatives promoting the use of electric vehicles as part of efforts to reduce greenhouse gas emissions and combat climate change, is positively influencing the market growth. Furthermore, government authorities are offering incentives, such as tax credits and rebates, to encourage more people to switch to electric vehicles, which in turn is driving demand for portable EV chargers. Moreover, the increasing environmental awareness among the masses is also propelling the market growth. As people are becoming more aware of the environmental impact of fuels, there is a growing interest in alternative forms of transportation, which is accelerating the adoption of EVs and, thus, portable EV chargers. On account of these factors, the market is expected to witness positive growth in the coming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global portable EV charger market, along with forecasts at the global, regional, and country levels from 2023-2028. Our report has categorized the market based on type and application.
The report has provided a detailed breakup and analysis of the portable EV charger market based on the type. This includes AC and DC. According to the report, AC represented the largest segment.
- Passengers Cars
- Commercial Vehicles
A detailed breakup and analysis of the portable EV charger market based on the application has also been provided in the report. This includes passengers cars and commercial vehicles. According to the report, passengers cars accounted for the largest market share.
- North America
- United Kingdom
- Asia Pacific
- South Korea
- Latin America
- Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Europe was the largest market for portable EV charger. Some of the factors driving the Europe portable EV charger market included the surging sales of EVs, the growing environmental concerns, and the increasing development of public EV charging stations.
The report has also provided a comprehensive analysis of the competitive landscape in the global portable EV charger market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Blink Charging Co., Evteq Mobility Private Limited, Freewire Technologies Inc., Guangzhou Electway Technology Co. Ltd., Heliox Energy Ltd., JTM Power Limited, Power-Sonic Corporation, Shenzhen Setec Power Co. Ltd., and Sparkcharge Inc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
|Base Year of the Analysis
|Scope of the Report
||Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
||Passengers Cars, Commercial Vehicles
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||Blink Charging Co., Evteq Mobility Private Limited, Freewire Technologies Inc., Guangzhou Electway Technology Co. Ltd., Heliox Energy Ltd., JTM Power Limited, Power-Sonic Corporation, Shenzhen Setec Power Co. Ltd., and Sparkcharge Inc.
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Key Questions Answered in This Report:
- How has the global portable EV charger market performed so far, and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global portable EV charger market?
- What is the impact of each driver, restraint, and opportunity on the global portable EV charger market?
- What are the key regional markets?
- Which countries represent the most attractive portable EV charger market?
- What is the breakup of the market based on the type?
- Which is the most attractive type in the portable EV charger market?
- What is the breakup of the market based on the application?
- Which is the most attractive application in the portable EV charger market?
- What is the competitive structure of the global portable EV charger market?
- Who are the key players/companies in the global portable EV charger market?
Key Benefits for Stakeholders:
- IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the portable EV charger market from 2017-2028.
- The research study provides the latest information on the market drivers, challenges, and opportunities in the global portable EV charger market.
- The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
- Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the portable EV charger industry and its attractiveness.
- Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.