The Latin America, Middle East and Africa DC Chargers Market would witness market growth of 21.1% CAGR during the forecast period (2022-2028).
The range of EV charging stations is changing in the age of constant technological advancement, which has an effect on the market share for EV charging cables. The difficulties of charging electric vehicles on lengthy routes have prompted many charging station OEMs to take action. For instance, Tesla is creating a mega charging network for Tesla semis at truckers’ rest sites.
The business is working to create a separate charging infrastructure for Tesla's class-8 electric semi-truck. At particular pre-selected spots that long-haul truckers use as rest stops, the new charger network would be built. The development of the DC charger market is significantly fueled by the rapidly growing wearable technology and portable electronics.
The need for DC chargers to recharge the batteries of electric vehicles is further increased by the rise in the number of electric vehicles and the necessity to charge them. Additionally, the demand for a consistent DC supply in industrial equipment to power batteries and other devices is a factor in the expansion of the DC charger market.
The industrial sector of the United Arab Emirates is expanding at a very rapid pace. According to the International Trade Government, to diversify its economy and entice foreign businesses, the Abu Dhabi Department of Economic Development (ADDED) unveiled a new Smart Manufacturing program in October 2021. The UAE Ministry of Industry as well as Advanced Technology's federal Industry 4.0 project coexists with this new effort.
The Brazil market dominated the LAMEA DC Chargers Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $4,736.7 million by 2028. The Argentina market is experiencing a CAGR of 21.7% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 20.8% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global DC Chargers Market is Predict to reach $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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