Portable Electric Vehicle Charger Market is projected to grow at a CAGR of 21.6% during the forecast period: MRFR

Market Research Future (MRFR) has published on the “Global Portable Electric Vehicle Charger Market”.

Portable Electric Vehicle Charger Overview

The Portable Electric Vehicle Charger Market is predicted to reach USD  840.7 million by 2032, registering a 21.6% CAGR during the forecast period, 2023–2032. In this report, Market Research Future (MRFR) includes the segmentation and dynamics of the market to offer a better glimpse of the market in the next few years.  

The global portable electric vehicle charger market is expected to witness substantial growth during the forecast period. The growing use of electric vehicles across the globe is one of the primary factors causing this growth. The demand for convenient and accessible charging solutions grows as more people switch to electric vehicles. Portable EV chargers are becoming an increasingly popular option for EV owners since they provide a versatile solution that can be utilized in a range of scenarios. Government incentives and subsidies are another factor promoting the portable EV charger market's expansion. Numerous governments all over the world are providing incentives to promote the use of electric vehicles and the growth of the infrastructure for charging them. These incentives frequently include financial aid for EV charger purchases, which has increased demand for portable EV chargers.

Segmental Analysis

The global Portable Electric Vehicle Charger market has been segmented on the basis of type, Current type, end-user and application.

By Type, the Portable Electric Vehicle Charger market has been categorized as gas-fuelled charger and battery EV charger. According to MRFR analysis, the Battery EV charger segment is expected to hold the larger market share.

By Current Type, the Portable Electric Vehicle Charger market has been categorized as AC and DC. According to MRFR analysis, the DC segment is projected to hold the largest market share in the Portable Electric Vehicle Charger market.

By End-user, the Portable Electric Vehicle Charger market has been categorized as electric vehicles, aviation and others. According to MRFR analysis, the electric vehicles segment is projected to hold the largest market share in the Portable Electric Vehicle Charger market. 

By Application, the Portable Electric Vehicle Charger market has been categorized as roadside assistance companies, utilities, shared fleet operator and others. According to MRFR analysis, the Utilities segment is projected to hold the largest market share in the Portable Electric Vehicle Charger market. 

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Regional Analysis

Geographically, the global Portable Electric Vehicle Charger market has been segmented into North America, Europe, Asia-Pacific, and Rest of the World.

Europe is likely to lead the Portable Electric Vehicle Charger market. The government's programmes to promote electric mobility are another market-moving factor. Various governments in the area have put laws and incentives in place to promote the use of electric vehicles, including tax credits, grants, and subsidies. The number of electric vehicles on the road has increased as a result of these measures, which has increased demand for portable charging options.

In order to support the increasing number of electric vehicles on the road, the European Union has set goals for the installation of a network of public charging stations throughout the region. Particularly in locations where the construction of a stationary charging station may not be practicable, portable electric car chargers offer a flexible and practical charging solution for public charging stations.

Key Players

The key players in the global Portable Electric Vehicle Charger market are EcoFlow UK, Power Sonic Corporation, Blink Charging Co. (Blink Charging), Heliox Energy, Shenzhen SETEC Power Co., Ltd., Guangzhou Electway Technology Co., Ltd, JTM Power Limited, ZipCharge Limited, Evteq Mobility Private Limited, SparkCharge, FreeWire Technologies, Inc., EV Adept, Besen International Group Co., Ltd, Shell plc, and Lectron EV