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FMI delivers key insights on the global car battery chargers market in its latest report titled “Car Battery Chargers Market: Global Industry Analysis and Opportunity Assessment 2017-2027”. The long-term outlook of the global car battery chargers market remains positive with the market value expected to increase at a CAGR of 7.1% during the forecast period (2017-2027). Among the charging type segments, the automatic charging segment in the car battery chargers market is expected to expand at a CAGR of more than 7% in terms of value over the forecast period. The global car battery chargers market for smart chargers is estimated to reach more than US$ 900 Mn by the end of 2027. North America accounted for a value share of 25% in the global car battery chargers market by the end of 2017, and is expected to dominate the market during the forecast period as well. In this report, FMI throws light on the drivers and restraints likely to impact the car battery chargers market during this period.
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Government Incentives and Rising Demand for Electric Vehicles are expected to drive the Market for Car Battery Chargers
The high purchasing power of customers has boosted the growth of conventional vehicles on road. Governments of several countries have taken initiatives to bring down pollution levels by implementing rules on the usage of conventional vehicles and increasing the taxes associated with it. Government agencies are also leveraging on the rise of hybrid and electric vehicles by offering attractive incentives and subsidies to the owners of such vehicles. In China, the government offers a subsidy of US$ 6,750 to US$ 14,000 to customers, depending on the size of the battery pack, to every purchase of an electric or hybrid vehicle. Major cities such as Beijing and Shanghai offer free registration plates to the customers of electric vehicles. In the United States, the government has allocated grants of about US$ 2.4 Billion for the development of electric vehicles and high density batteries. The government has also granted incentives to the customers of electric vehicles in the form of tax credits, amounting to a maximum of US$ 7,500 based on the type of battery the electric vehicle uses.
Segmentation Analysis of the Car Battery Chargers Market
The car battery chargers market has been segmented on the basis of charging type, charger type, portability, battery capacity, product type, and application.
Regional Market Projections for the Car Battery Chargers Market
The car battery chargers market in North America is expected to represent a significantly high incremental opportunity between 2017 and 2027. The North America car battery chargers market is expected to represent a total incremental opportunity of US$ 264.7 Bn between 2017 and 2027.
Key Segments Covered in Car Battery Chargers Market Report:
On the basis of charging type, the car battery chargers market can be segmented into:
On the basis of charger type, the car battery chargers market can be segmented into:
On the basis of portability, the car battery chargers market can be segmented into:
On the basis of battery capacity, the car battery chargers market can be segmented into:
On the basis of product type, the car battery chargers market can be segmented into:
On the basis of application, the car battery chargers market can be segmented into:
On the basis of region, the car battery chargers market can be segmented into:
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Car Battery Chargers Market: Market Participants
This report highlights some of the top companies operating in the car battery chargers market, which include CTEK Holding AB, Delphi Automotive, Schumacher Electric Corporation, Clore Automotive LLC, Baccus Global LLC, Robert Bosch GmbH, Current Ways Inc., Aero Vironment, Inc., IES Synergy, and Charge master Plc.
The report also provides answers to other important questions related to the car battery chargers market, such as,
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The post Demand of Car Battery Chargers Market is set to grow at CAGR 7.1% by 2027 appeared first on Future Market Insights.
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