Published on : Apr 05, 2017
Albany, New York, April 05, 2017: The report forecasts the market size and trends that are expected to have a lasting impact on the electric vehicle portable chargers industry. An in-depth discussion on the various factors boosting the growth of the market is given in this report along with an equally detailed discussion on factors restraining its growth. Apart from this, the study contains important data relating to the market such as segment size, growth rate and prevailing trends. Competitive landscape is a part of this research report, which is collated by expert analysts. It includes information on recent developments, strategies adopted, and business and financial studies of each of the companies.
According to the report, the global electric vehicle portable chargers market is expected to witness a growth in the coming years on account of the flourishing automobile industry. In addition to this, high demand for portable chargers for vehicles is driving the market. Vendors in the global electric vehicle portable chargers industry have started focusing on developing and innovating products that are cost effective and require less time to charge. Such innovations are expected to ensure the market’s growth in the coming years. Players operating in the market for portable chargers for vehicles are also striving to achieve improvements in the charging infrastructure. A case in point would be: Envision Solar. The company has developed a portable solar-powered parking space. Called the EV ARC, this structure comprises a canopy of solar panels at the parking pad, and possesses the charging capacity of 21.6-kWh battery.
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Another trend, which is fast becoming popular, is wireless charging. This trend is anticipated to help the market to grow as wireless technology has become the key focus for electric vehicles portable chargers manufacturers. The convenience offered by electric vehicles is boosting their demand. Wireless charging enables charging on the go, which is encouraging users to purchase more electric vehicles. Moreover, such innovations help vendors to distinguish between their products. It is expected that the global electric vehicle portable chargers market will grow at a high CAGR owing to the various subsidies offered by governments and regulatory authorities. In addition to this, governments across countries are promoting the purchase of electric vehicles by providing financial aid. This is expected to fuel the demand for electric vehicles and thereby, the demand for electric vehicle portable chargers.
Some of the key players operating in the global electric vehicle portable chargers market are Plugin Now, Evatran Group, AeroVironment, ABB Ltd., Delphi Automotive, Leviton Manufacturing Co. Inc., POD Point, Siemens AG, and AddÉnergie.
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