India electric vehicle charger market is anticipated to grow at a CAGR of over 25.0% during the forecast period, 2019-2025. The country has the most polluted cities across the globe. As per the World Economic Forum, in 2018, 22 out of 30 most polluted cities of the globe are of India, and automobile vehicles are one of the major sources of air pollution in these cities. Increasing awareness toward adoption of electric vehicles, focus on new electric vehicle launch, government subsidies are some of the major factors for the growth of the electric vehicles and its charging infrastructure market. By 2023, the government of India aims to electrify all the three-wheeler and all the two-wheelers by 2025. By 2030, the country aims to have a market share of 30% of electric vehicles (except two-wheelers) in its total vehicle fleet under EV30@30 campaign. 

In February 2019, the government of India, allocated $1.4 billion to motivate the electric vehicle market in the country under FAME Phase II (Faster Adoption and Manufacturing of Electric Vehicles) project between 2019 and 2022. Around $140 million (10% of the total budget) was allocated for the charging infrastructure with a target of setting up 2,700 charging stations in cities with above 4 million population. The government also aims to develop fast-charging stations at every 25 km interval and ultra-fast charging station at every 100 km on the highways. 

India 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. During the forecast period, public chargers are forecast to have a major market share in the country. By charger type, the market is bifurcated into slow chargers and fast chargers. Slow chargers had a major market share in 2018 in the country. By connector type, the market is analyzed into AC connectors and DC connectors. AC connector market is further divided into Type 1, Type 2 and other chargers, whereas the DC connector market is further divided into CHAdeMO, Combined Charging System (CCS), Type 2 (Tesla) chargers. Tesla vehicle is not introduced in the country as of February 2020, however, it is expected that the company will introduce its vehicle in the country by the end of 2020. 

Major players operating in the market include ABB Ltd., Ather Energy Pvt Ltd, SemaConnect, Inc., Siemens AG, ZEVpoint and others. 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. India Electric Vehicle Charger Market Research and Analysis by Ownership
2. India Electric Vehicle Charger Market Research and Analysis by Charger Type
3. India Electric Vehicle Charger Market Research and Analysis by Connector Type

The Report Covers

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