The Europe DC Chargers Market would witness market growth of 12.9% CAGR during the forecast period (2022-2028).
Outside of the car, AC current can be converted to DC using DC chargers. The charger itself undergoes this transition. The requirement for onboard conversion is then eliminated as DC is then routed directly into the EV. The larger converter found within the charger at charging stations, as opposed to the onboard charger of the automobile, results in a shorter charging time. As a result, the EV battery receives a bigger output of power in less time.
On highways or other situations where an EV would need a quick charge-up in a matter of minutes, DC chargers are appropriate primarily for four wheelers with huge batteries that need instant charging. They are appropriate for long-distance or fleets used by businesses. Charging rates depend on the output power of the charging point as well as DC chargers.
The kind of chargers that each nation need vary based on the individual EV use cases. Outlets can be found practically anywhere, and most EV chargers people come across at residences, retail establishments, and offices are Level 2 AC chargers. The vehicle's on-board charger receives power from an AC charger, which is then converted to DC before entering the battery. The on-board charger's adoption rate varies by the manufacturers.
One of Italy's key sectors is the automotive industry. According to the International Trade Administration, approximately €106 billion (nearly $119 billion) in turnover was recorded in 2019, accounting for 6.2% of Italy's GDP and 11% of the country's manufacturing output. The industry is changing as a result of the transition from thermal engines to electric mobility (hybrid and electric), which may present chances for several manufacturers of car components, charging infrastructure, as well as diagnostic tools.
The Germany market dominated the Europe DC Chargers Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $11,238.1 million by 2028. The UK market is anticipated to grow at a CAGR of 12% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 13.8% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global DC Chargers Market will Hit $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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