Brazil electric vehicle charger market is anticipated to grow at a CAGR of over 12.0% during the forecast period, 2019-2025. Brazil is a small market for the electric vehicle charger market as electric vehicle sales are low in Brazil as compared to other countries. As per the International Energy Agency, around 430 electric cars were sold in Brazil in 2018 as compared to 360 in 2017. However, people in the country still prefer IC engine vehicles over the electric vehicle due to the absence of any major subsidy on electric vehicle or government target of employing electric vehicles on the road. In 2018, there were only 460 publicly accessible chargers in the country out of which only 5 were fast chargers. A new regulation was approved in June 2018 by the Brazilian Electricity Regulatory Agency (ANEEL) to simplify the new regulation for the installation of electric vehicle charging stations in the country. This is likely to transform the electric vehicle charger industry of the country. 

Brazil electric vehicle charger market is segmented on the basis of ownership, charger type, and connector type. Based on ownership, the market is segmented into public and private whereas, by charger type, the market is bifurcated into slow chargers and fast chargers. Fast chargers are expected to show considerable growth during the forecast period. By connector type, the market is analyzed into AC connectors and DC connectors. AC connector market is further segmented into Type 1, Type 2 and other chargers, and the DC connector segment is further divided into CHAdeMO, Combined Charging System (CCS), Type 2 (Tesla) chargers. 

Major players operating in the country’s electric vehicle charger market include ABB Ltd., Efacec, Engie, Siemens AG, Webasto SE, and others. Some of the major automotive companies active in the country include BMW, Volvo, Toyota, General Motors and so on. The market players are significantly working in the market growth by the adoption of multiple 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. Brazil Electric Vehicle Charger Market Research and Analysis by Ownership
2. Brazil Electric Vehicle Charger Market Research and Analysis by Charger Type
3. Brazil Electric Vehicle Charger Market Research and Analysis by Connector Type

The Report Covers

• Comprehensive research methodology of Brazil 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 Brazil electric vehicle charger market.
• Insights about market determinants that are stimulating Brazil electric vehicle charger market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.