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According to a new report, published by KBV research, The Global DC Chargers Market size is expected to reach $161.5 billion by 2028, rising at a market growth of 13.6% CAGR during the forecast period.
The 10 KW to 100 KW segment acquired maximum revenue share in the Global DC Chargers Market by Power Output in 2021 thereby, achieving a market value of $73.5 billion by 2028. The market is growing as a result of factors, including the rapid uptake of electric vehicles as well as the development of charging stations for their batteries. This type of DC chargers is ideal for charging any device or machinery within a very short period of time.
The Automotive segment is showcasing a CAGR of 23% during (2022 - 2028). The growth of the segment is mainly attributed to the growing utilization of these chargers in electric vehicles. DC to DC batteries are frequently charged utilizing chargers and the alternator power of the car. In today's vehicles, the battery powers the systems whenever the engine is not working. This indicates that it can supply electricity to the vehicle's battery without first being converted by the onboard charger.
The Asia Pacific market dominated the Global DC Chargers Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $52.8 billion by 2028. The Europe market is exhibiting a CAGR of 12.9% during (2022 - 2028). Additionally, The North America market would showcase a CAGR of 12.8% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/dc-chargers-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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