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Electric Vehicle AC Charger Market

Electric Vehicle AC Charger Market Unlocking Growth Potential: Analysis and Forecasts 2025-2033

Electric Vehicle AC Charger Market by End-user (Residential Charging, Commercial Charging), by Vehicle Type (BEV, PHEV), by Product (Standard Charger, Fast Charger), by North America (U.S., Canada) Forecast 2026-2034

Feb 13 2025

Base Year: 2025

146 Pages

Electric Vehicle AC Charger Market Unlocking Growth Potential: Analysis and Forecasts 2025-2033

Key Insights

The Electric Vehicle AC Charger Market size was valued at USD 3.68 USD Billion in 2023 and is projected to reach USD 5.22 USD Billion by 2032, exhibiting a CAGR of 5.13 % during the forecast period. An Electric Vehicle (EV) AC Charger refers to equipment that provides Electrical energy in the form of an AC supply to the battery of an electric vehicle. EV AC chargers come in three main types: There 3 types of batteries: Level 1, Level 2 and Level 3 yet differing in voltage and charging rates. Sarus 1-level chargers are plug-type chargers that can plug into a 120 V wall outlet, and the rate of charge is slow enough and suitable for home use at night. Level 2 Chargers utilize a 240 V outlet and hence charge faster they are ideal for home and public fast charging stations. Level 3 or DC fast chargers, the AC is converted to DC within the charger and thus provides fast charging but with the need to have special equipment. Some of the prominent features of EV AC chargers are that they are portable and intelligent and they have safety features like overcharge protection. These are commonly applied in homes, business undertakings and other communal facilities. The advantages of the EV AC chargers are simplicity, low cost, as well as the encouragement of using renewable energy sources.

Electric Vehicle AC Charger Trends

Increasing adoption of electric vehicles: Growing awareness about environmental sustainability and government incentives are driving the adoption of EVs.
Expansion of EV charging infrastructure: Governments and private companies are investing in expanding EV charging infrastructure, including AC chargers, to meet the growing demand.
Advancements in AC charging technology: Advancements in semiconductor technology and power electronics are enabling faster charging and improved efficiency of AC chargers.

Electric Vehicle AC Charger Market Market Size and Forecast (2024-2030) — Electric Vehicle AC Charger Market Company Market Share

Driving Forces: What's Propelling the Electric Vehicle AC Charger Market

Government incentives: Governments continue to implement financial incentives to encourage EV adoption and the development of EV charging infrastructure. These incentives include tax credits, rebates, and grants.
Environmental concerns: Growing concerns about the environmental impact of transportation are driving the demand for EVs and their supporting infrastructure. AC chargers play a crucial role in facilitating sustainable and emission-free mobility.
Technological advancements: Innovations in power electronics, semiconductors, and wireless technologies are enhancing the efficiency, reliability, and user-friendliness of AC chargers. These advancements have led to smarter and more compact chargers.

Challenges and Restraints in the Electric Vehicle AC Charger Market

Cost of installation: Installation of AC chargers requires specialized electrical work and can be expensive for residential and commercial users.
Availability of charging infrastructure: The availability of AC chargers in public locations is still limited, especially in developing regions.
Grid infrastructure limitations: In some regions, the power grid may not have the capacity to support the growing number of EVs and their charging needs.

Emerging Trends in Electric Vehicle AC Charger

Smart charging: AC chargers are becoming increasingly connected and intelligent, allowing for remote monitoring, scheduling, and optimization of charging.
Wireless charging: Wireless charging technology enables EVs to charge without the need for physical connections, offering convenience and flexibility.
Vehicle-to-grid (V2G) technology: AC chargers are being integrated with V2G technology, enabling EVs to store and discharge energy back into the grid.

Growth Catalysts in the Electric Vehicle AC Charger Industry

Rising demand for EVs: The growing popularity of EVs is increasing the demand for AC chargers for both residential and commercial use.
Government regulations: Governments are implementing regulations mandating the installation of EV charging infrastructure, including AC chargers, in public and commercial spaces.
Technological innovations: Continuous advancements in charging technology are improving the performance and cost-effectiveness of AC chargers.

Market Segmentation: Electric Vehicle AC Charger Analysis

End-user:

Residential Charging
Commercial Charging

Vehicle Type:

BEV (Battery Electric Vehicle)
PHEV (Plug-in Hybrid Electric Vehicle)

Product:

Standard Charger
Fast Charger

Leading Players in the Electric Vehicle AC Charger Market

Siemens AG (Germany)
Blink Charging Co. (U.S.)
ABB (Switzerland)
ChargePoint Inc. (U.S.)
Schneider Electric (France)
Robert Bosch GmbH (Germany)
Eaton (Ireland)
EVBox (Netherlands)
Wallbox Inc. (Spain)
EO Charging (England)

Significant Developments in the Electric Vehicle AC Charger Sector

2023: ChargePoint and BP partnered to deploy and operate 150-kW fast chargers across BP retail locations in the U.S.
2022: ABB launched the Terra AC wall box charger with integrated energy management capabilities.
2021: Siemens introduced the VersiCharge AC350 charger with 350 kW power output and liquid-cooled technology.

Comprehensive Coverage Electric Vehicle AC Charger Market Report

This comprehensive market report provides an in-depth analysis of the electric vehicle AC charger market, including:

Market size and growth projections
Key market drivers and challenges
Emerging trends and technologies
Competitive landscape
Regional insights
Key market players

Regional Insight

The Asia Pacific region remains the dominant market for electric vehicle AC chargers, driven by the rapid adoption of EVs in countries like China, India, and Japan. Government initiatives, such as subsidies and tax breaks, have played a significant role in promoting EV penetration in these markets.

North America has emerged as a prominent market due to the presence of major automakers and government mandates for EV charging infrastructure. The United States and Canada have invested heavily in the development of public and commercial charging networks.

Europe continues to be a key market, with countries like Germany, France, and the United Kingdom leading the way in EV adoption. Government regulations and incentives have spurred the installation of public and private EV charging stations.

Emerging economies in Latin America and the Middle East are experiencing significant growth in the electric vehicle AC charger market. Increasing environmental awareness, combined with government initiatives to promote EV adoption, is fueling market expansion in these regions.

China remains the global leader in EV production and sales, accounting for a significant share of the electric vehicle AC charger market. Government policies, such as subsidies and quotas, have contributed to the country's dominance in the EV industry.

North America's market is characterized by the strong presence of automakers such as Tesla, General Motors, and Ford. Government incentives and the growing demand for EVs have stimulated the development of EV charging infrastructure in the region.

Electric Vehicle AC Charger Market Market Share by Region - Global Geographic Distribution — Electric Vehicle AC Charger Market Regional Market Share

Geographic Coverage of Electric Vehicle AC Charger Market

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Electric Vehicle AC Charger Market REPORT HIGHLIGHTS

Aspects	Details
Study Period	2020-2034
Base Year	2025
Estimated Year	2026
Forecast Period	2026-2034
Historical Period	2020-2025
Growth Rate	CAGR of 5.13% from 2020-2034
Segmentation	By End-user Residential Charging Commercial Charging By Vehicle Type BEV PHEV By Product Standard Charger Fast Charger By Geography North America U.S. Canada

1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
- 2.1. Introduction
3. Market Dynamics
- 3.1. Introduction
- - 3.2. Market Drivers
  - - 3.2.1 Increasing Demand for Forged Products in Power
    - 3.2.2 Agriculture
    - 3.2.3 Aerospace
    - 3.2.4 and Defense to Drive Industry Expansion
- - 3.3. Market Restrains
  - - 3.3.1. Slow Charging Speed of AC Chargers May Restraint Market Growth
- - 3.4. Market Trends
  - - 3.4.1. Rising Adoption of Automation in Manufacturing to Drive Market Growth
4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
5. Global Electric Vehicle AC Charger Market Analysis, Insights and Forecast, 2020-2032
- 5.1. Market Analysis, Insights and Forecast - by End-user
  - 5.1.1. Residential Charging
  - 5.1.2. Commercial Charging
- 5.2. Market Analysis, Insights and Forecast - by Vehicle Type
  - 5.2.1. BEV
  - 5.2.2. PHEV
- 5.3. Market Analysis, Insights and Forecast - by Product
  - 5.3.1. Standard Charger
  - 5.3.2. Fast Charger
- 5.4. Market Analysis, Insights and Forecast - by Region
  - 5.4.1. North America
6. Competitive Analysis
- 6.1. Global Market Share Analysis 2025
- - 6.2. Company Profiles
  - - 6.2.1 Siemens AG (Germany)
      6.2.1.1. Overview
      6.2.1.2. Products
      6.2.1.3. SWOT Analysis
      6.2.1.4. Recent Developments
      6.2.1.5. Financials (Based on Availability)
    - 6.2.2 Blink Charging Co. (U.S.)
      6.2.2.1. Overview
      6.2.2.2. Products
      6.2.2.3. SWOT Analysis
      6.2.2.4. Recent Developments
      6.2.2.5. Financials (Based on Availability)
    - 6.2.3 ABB (Switzerland)
      6.2.3.1. Overview
      6.2.3.2. Products
      6.2.3.3. SWOT Analysis
      6.2.3.4. Recent Developments
      6.2.3.5. Financials (Based on Availability)
    - 6.2.4 ChargePoint Inc. (U.S.)
      6.2.4.1. Overview
      6.2.4.2. Products
      6.2.4.3. SWOT Analysis
      6.2.4.4. Recent Developments
      6.2.4.5. Financials (Based on Availability)
    - 6.2.5 Schneider Electric (France)
      6.2.5.1. Overview
      6.2.5.2. Products
      6.2.5.3. SWOT Analysis
      6.2.5.4. Recent Developments
      6.2.5.5. Financials (Based on Availability)
    - 6.2.6 Robert Bosch GmbH (Germany)
      6.2.6.1. Overview
      6.2.6.2. Products
      6.2.6.3. SWOT Analysis
      6.2.6.4. Recent Developments
      6.2.6.5. Financials (Based on Availability)
    - 6.2.7 Eaton (Ireland)
      6.2.7.1. Overview
      6.2.7.2. Products
      6.2.7.3. SWOT Analysis
      6.2.7.4. Recent Developments
      6.2.7.5. Financials (Based on Availability)
    - 6.2.8 EVBox (Netherlands)
      6.2.8.1. Overview
      6.2.8.2. Products
      6.2.8.3. SWOT Analysis
      6.2.8.4. Recent Developments
      6.2.8.5. Financials (Based on Availability)
    - 6.2.9 Wallbox Inc. (Spain)
      6.2.9.1. Overview
      6.2.9.2. Products
      6.2.9.3. SWOT Analysis
      6.2.9.4. Recent Developments
      6.2.9.5. Financials (Based on Availability)
    - 6.2.10 EO Charging (England)
      6.2.10.1. Overview
      6.2.10.2. Products
      6.2.10.3. SWOT Analysis
      6.2.10.4. Recent Developments
      6.2.10.5. Financials (Based on Availability)

List of Figures

Figure 1: Global Electric Vehicle AC Charger Market Revenue Breakdown (USD Billion, %) by Region 2025 & 2033
Figure 2: Global Electric Vehicle AC Charger Market Volume Breakdown (MW, %) by Region 2025 & 2033
Figure 3: North America Electric Vehicle AC Charger Market Revenue (USD Billion), by End-user 2025 & 2033
Figure 4: North America Electric Vehicle AC Charger Market Volume (MW), by End-user 2025 & 2033
Figure 5: North America Electric Vehicle AC Charger Market Revenue Share (%), by End-user 2025 & 2033
Figure 6: North America Electric Vehicle AC Charger Market Volume Share (%), by End-user 2025 & 2033
Figure 7: North America Electric Vehicle AC Charger Market Revenue (USD Billion), by Vehicle Type 2025 & 2033
Figure 8: North America Electric Vehicle AC Charger Market Volume (MW), by Vehicle Type 2025 & 2033
Figure 9: North America Electric Vehicle AC Charger Market Revenue Share (%), by Vehicle Type 2025 & 2033
Figure 10: North America Electric Vehicle AC Charger Market Volume Share (%), by Vehicle Type 2025 & 2033
Figure 11: North America Electric Vehicle AC Charger Market Revenue (USD Billion), by Product 2025 & 2033
Figure 12: North America Electric Vehicle AC Charger Market Volume (MW), by Product 2025 & 2033
Figure 13: North America Electric Vehicle AC Charger Market Revenue Share (%), by Product 2025 & 2033
Figure 14: North America Electric Vehicle AC Charger Market Volume Share (%), by Product 2025 & 2033
Figure 15: North America Electric Vehicle AC Charger Market Revenue (USD Billion), by Country 2025 & 2033
Figure 16: North America Electric Vehicle AC Charger Market Volume (MW), by Country 2025 & 2033
Figure 17: North America Electric Vehicle AC Charger Market Revenue Share (%), by Country 2025 & 2033
Figure 18: North America Electric Vehicle AC Charger Market Volume Share (%), by Country 2025 & 2033

List of Tables

Table 1: Global Electric Vehicle AC Charger Market Revenue USD Billion Forecast, by End-user 2020 & 2033
Table 2: Global Electric Vehicle AC Charger Market Volume MW Forecast, by End-user 2020 & 2033
Table 3: Global Electric Vehicle AC Charger Market Revenue USD Billion Forecast, by Vehicle Type 2020 & 2033
Table 4: Global Electric Vehicle AC Charger Market Volume MW Forecast, by Vehicle Type 2020 & 2033
Table 5: Global Electric Vehicle AC Charger Market Revenue USD Billion Forecast, by Product 2020 & 2033
Table 6: Global Electric Vehicle AC Charger Market Volume MW Forecast, by Product 2020 & 2033
Table 7: Global Electric Vehicle AC Charger Market Revenue USD Billion Forecast, by Region 2020 & 2033
Table 8: Global Electric Vehicle AC Charger Market Volume MW Forecast, by Region 2020 & 2033
Table 9: Global Electric Vehicle AC Charger Market Revenue USD Billion Forecast, by End-user 2020 & 2033
Table 10: Global Electric Vehicle AC Charger Market Volume MW Forecast, by End-user 2020 & 2033
Table 11: Global Electric Vehicle AC Charger Market Revenue USD Billion Forecast, by Vehicle Type 2020 & 2033
Table 12: Global Electric Vehicle AC Charger Market Volume MW Forecast, by Vehicle Type 2020 & 2033
Table 13: Global Electric Vehicle AC Charger Market Revenue USD Billion Forecast, by Product 2020 & 2033
Table 14: Global Electric Vehicle AC Charger Market Volume MW Forecast, by Product 2020 & 2033
Table 15: Global Electric Vehicle AC Charger Market Revenue USD Billion Forecast, by Country 2020 & 2033
Table 16: Global Electric Vehicle AC Charger Market Volume MW Forecast, by Country 2020 & 2033
Table 17: U.S. Electric Vehicle AC Charger Market Revenue (USD Billion) Forecast, by Application 2020 & 2033
Table 18: U.S. Electric Vehicle AC Charger Market Volume (MW) Forecast, by Application 2020 & 2033
Table 19: Canada Electric Vehicle AC Charger Market Revenue (USD Billion) Forecast, by Application 2020 & 2033
Table 20: Canada Electric Vehicle AC Charger Market Volume (MW) Forecast, by Application 2020 & 2033

Methodology

Step 1 - Identification of Relevant Samples Size from Population Database

Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segments, product, and application.

Note*: In applicable scenarios

Step 3 - Data Sources

Primary Research

Web Analytics
Survey Reports
Research Institute
Latest Research Reports
Opinion Leaders

Secondary Research

Annual Reports
White Paper
Latest Press Release
Industry Association
Paid Database
Investor Presentations

Step 4 - Data Triangulation

Involves using different sources of information in order to increase the validity of a study

These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.

Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.

During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence

Additionally, after gathering mixed and scattered data from a wide range of sources, data is triangulated and correlated to come up with estimated figures which are further validated through primary mediums or industry experts, opinion leaders.

Frequently Asked Questions

1. What is the projected Compound Annual Growth Rate (CAGR) of the Electric Vehicle AC Charger Market?

The projected CAGR is approximately 5.13%.

2. Which companies are prominent players in the Electric Vehicle AC Charger Market?

Key companies in the market include Siemens AG (Germany), Blink Charging Co. (U.S.), ABB (Switzerland), ChargePoint Inc. (U.S.), Schneider Electric (France), Robert Bosch GmbH (Germany), Eaton (Ireland), EVBox (Netherlands), Wallbox Inc. (Spain), EO Charging (England).

3. What are the main segments of the Electric Vehicle AC Charger Market?

The market segments include End-user, Vehicle Type, Product.

4. Can you provide details about the market size?

The market size is estimated to be USD 3.68 USD Billion as of 2022.

5. What are some drivers contributing to market growth?

Increasing Demand for Forged Products in Power. Agriculture. Aerospace. and Defense to Drive Industry Expansion.

6. What are the notable trends driving market growth?

Rising Adoption of Automation in Manufacturing to Drive Market Growth.

7. Are there any restraints impacting market growth?

Slow Charging Speed of AC Chargers May Restraint Market Growth.

8. Can you provide examples of recent developments in the market?

2023: ChargePoint and BP partnered to deploy and operate 150-kW fast chargers across BP retail locations in the U.S. 2022: ABB launched the Terra AC wall box charger with integrated energy management capabilities. 2021: Siemens introduced the VersiCharge AC350 charger with 350 kW power output and liquid-cooled technology.

9. What pricing options are available for accessing the report?

Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4850, USD 5850, and USD 6850 respectively.

10. Is the market size provided in terms of value or volume?

The market size is provided in terms of value, measured in USD Billion and volume, measured in MW.

11. Are there any specific market keywords associated with the report?

Yes, the market keyword associated with the report is "Electric Vehicle AC Charger Market," which aids in identifying and referencing the specific market segment covered.

12. How do I determine which pricing option suits my needs best?

The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.

13. Are there any additional resources or data provided in the Electric Vehicle AC Charger Market report?

While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.

14. How can I stay updated on further developments or reports in the Electric Vehicle AC Charger Market?

To stay informed about further developments, trends, and reports in the Electric Vehicle AC Charger Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.

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