The Asia Pacific DC Chargers Market would witness market growth of 13.0% CAGR during the forecast period (2022-2028).
Depending on the car, a Level 2 full charge might take somewhere between four to five hours to more than twelve. Bypassing all of the drawbacks of the on-board charger and the necessary conversion, DC fast charging, instead delivers DC power straight to the battery, potentially considerably increasing charging speed.
The size of the battery and the output of the dispenser, among other things, affect how long it takes to charge, however many vehicles can charge to 80% of their capacity using the majority of DC fast chargers that are now on the market in less than an hour. For high mileage, or long distance, travel and large fleets, DC charging is important.
Instead of having to be plugged in overnight or for several hours to get a full charge, the quick turnaround allows drivers to recharge throughout the day or during a brief break. Newer automobiles are currently being released that can handle up to 270kW, while older vehicles had limits that only enabled them to charge at 50kW using DC units.
The Government of India has approved the National Policy on Electronics (NPE 12), which was introduced in 2012 and is comprehensive, investor-friendly, and market-driven with the aim of fostering an environment that will encourage both domestic and foreign businesses to invest in India's expanding Electronics System Design & Manufacturing (ESDM) sector. This presents a unique opportunity for businesses to consider India as a location for the ESDM sector, engage in the world's next-largest hub for electronic manufacturing, and also offer value-added manufacturing including medium and high technologies.
The China market dominated the Asia Pacific DC Chargers Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $14,680.6 million by 2028. The Japan market is estimated to grow a CAGR of 12.3% during (2022 - 2028). Additionally, The India market would experience a CAGR of 14% during (2022 - 2028).
Based on Power Output, the market is segmented into 10 KW to 100 KW, Less Than 10 KW, and More Than 100 KW. Based on Application, the market is segmented into Industrial, Automotive, and Consumer Electronics. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide DC Chargers Market is Projected to reach USD 161.5 Billion by 2028, at a CAGR of 13.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ABB Group, Siemens AG, Delta Electronics, Inc., Phihong Technology Co. Ltd., Kirloskar Electric Co. Ltd., Hitachi, Ltd., Legrand S.A., Helios Power Solutions, AEG Power Solutions B.V., and Statron AG.
By Power Output
By Application
By Country
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