The Manual Car Charger Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Manual Car Charger Global Market Report 2024, The manual car charger market size is expected to see steady growth in the next few years. It will grow to $11.48 billion in 2028 at a compound annual growth rate (CAGR) of 3.8%. The growth in the forecast period can be attributed to the growth of electric vehicles (EVs), increased vehicle electrification, rising fuel prices, and operating costs, the rise of ride-sharing and fleet services, and the expansion of e-commerce and online sales channels. Major trends in the forecast period include advancements in battery technology, development of portable electronic devices, innovations in charging technology, digitalization and Internet of Things (IoT) integration, and smart and connected charging solutions.
The rising demand for electric vehicles (EVs) is expected to propel the growth of the manual car charger market going forward. Electric vehicles (EVs) refer to vehicles that are powered entirely or primarily by electric motors and batteries instead of internal combustion engines that use fossil fuels. The demand for electric vehicles is growing due to people’s awareness of environmental issues, improvements in battery technology, government incentives, and rising fuel prices. Manual car chargers allow EV owners to charge their cars at home or public stations, making charging the battery for daily use and longer trips easy. For instance, in April 2023, according to the International Energy Agency (IEA), a France-based autonomous intergovernmental organization, sales of electric vehicles increased by 3.5 million in 2023 compared to 2022, a 35% annual rise. Therefore, rising demand for electric vehicles (EVs) drives the manual car charger market.
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The manual car charger market covered in this report is segmented –
1) By Charging Type: On-Board Chargers, Off-Board Chargers
2) By Vehicle Type: Battery Electric Vehicle (BEV), Plug-In Hybrid Electric Vehicle (PHEV), Hybrid Electric Vehicle (HEV)
3) By End-User: Residential, Commercial
Major companies operating in the manual car charger market are focused on developing innovative products, such as controller chargers, to meet the growing demand for convenient and efficient charging solutions. A controlled battery charger, also known as a smart or intelligent charger, is a device designed to charge batteries while monitoring and controlling the charging process. For instance, in October 2023, Schumacher Electric Corporation, a US-based manufacturer of battery chargers, jump starters, and power inverters, primarily catering to the automotive industry, launched a line-up of manual timer-controlled battery chargers and jump starters for car, SUV, truck, and boat batteries. The new products offer users complete manual control over charging and jump, starting with precision timers and charging mode selectors. They feature a compact, portable design with wheeled options for easy transportation.
The manual car charger market report table of contents includes:
1. Executive Summary
2. Manual Car Charger Market Characteristics
3. Manual Car Charger Market Trends And Strategies
4. Manual Car Charger Market – Macro Economic Scenario
5. Global Manual Car Charger Market Size and Growth
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32. Global Manual Car Charger Market Competitive Benchmarking
33. Global Manual Car Charger Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Manual Car Charger Market
35. Manual Car Charger Market Future Outlook and Potential Analysis
36. Appendix
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