Asia-Pacific electric vehicle charger market is forecast to grow at a CAGR of over 24% during the forecast period, 2019-2025. Asia-Pacific is the largest electric vehicle market as China's global share in electric vehicle industry sales is more than 50%. Key aspects for the growth of the market include growth in the electric vehicle market, government support, high awareness among people and the presence of major market players in the region. For instance, China aims to develop 4.3 million private chargers, 500,000 public chargers by 2020. The government of India, Japan, and South Korea are also providing significant subsidies to develop better quality charging infrastructure. Most of the major electric vehicle companies are working in the region which includes BMW, General Motors, Daimler, Honda Motor, Hyundai Motor, Kia Motors, Nissan Motor, Tata Motors, Toyota Motor, Volkswagen, BYD, Great Wall Motors, and so on. Tesla., Inc. has delivered its first car that is made in China, which is expected to provide new options to the electric vehicle consumers in China. Moreover, in Japan, in May 2014, Toyota, Nissan Honda, and Mitsubishi jointly established a new company named Nippon Charge Service, LLC, for the promotion of installation of chargers for electric vehicles in the country. 

Asia-Pacific electric vehicle charger market is segmented on the basis of ownership, charger type, and connector type. By ownership, the market is further bifurcated into public and private. Public chargers are forecast to grow at a considerable growth rate during the forecast period. By charger type, the market is bifurcated into slow chargers and fast chargers. Due to government and private funding, the fast charger market is estimated to grow at the highest growth rate in the region. By connector type, the market is further divided into AC connectors and DC connectors. AC connector market is further divided into Type 1, Type 2 and other segments, whereas the DC connector market is segmented into CHAdeMO, Combined Charging System (CCS), Type 2 (Tesla). DC connectors are expected to show a considerable growth rate during the forecast period. 

Geographically, the market is divided into China, Japan, India, South Korea and Rest of Asia-Pacific. China held the largest market share in the electric vehicle charger market whereas India is expected to show lucrative growth during the forecast period. Major companies contributing to the market include ABB Ltd., Tesla, Inc., TGOOD Global Ltd., Webasto SE, Nissan Motor Co. Ltd., Zhejiang Young Energy Technology Co., Ltd, and others. The market players are considerably contributing to the market growth by the adoption of various growth strategies including new product launch, merger, and acquisition, collaborations with government, and technological advancements to stay competitive in the market.

Research Methodology

The market study is incorporated by extensive primary and secondary research conducted by the research team.  Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. In the report, the analysis of the country is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts to brings authenticity to the reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report provides an in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. Asia-Pacific Electric Vehicle Charger Market Research and Analysis by Ownership
2. Asia-Pacific Electric Vehicle Charger Market Research and Analysis by Charger Type
3. Asia-Pacific Electric Vehicle Charger Market Research and Analysis by Connector Type

The Report Covers

• Comprehensive research methodology of the Asia-Pacific electric vehicle charger market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the Asia-Pacific electric vehicle charger market.
• Insights about market determinants which are stimulating the Asia-Pacific electric vehicle charger market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.