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The portable EV charger market is experiencing rapid expansion, providing a mobile charging solution for the growing number of electric vehicles (EVs) on the road. The surge in EV adoption, coupled with the increasing demand for practical and accessible charging options, and government incentives and subsidies, collectively contribute to the market's impressive growth trajectory.
The remarkable rise of electric vehicles as a preferred environmentally friendly mode of transportation has fueled the significant growth of the portable EV charger market. As EV models become more widely available, and the charging infrastructure continues to expand, there is a strong anticipation that the demand for portable EV chargers will experience further escalation.
In 2021, the global market for portable electric vehicle chargers was valued at USD 111.03 million, and projections indicate that it is poised to reach USD 526.86 million by 2030, reflecting a substantial Compound Annual Growth Rate (CAGR) of 19.65% over the forecast period. The distribution of market share across different regions is noteworthy, with Asia Pacific leading the way, holding the largest market share at 38.20%, followed by Europe at 28.51%, and North America at 22.99%. The growth prospects for the Asia Pacific region are particularly promising, with an expected highest CAGR of 20.68% during the forecast period from 2022 to 2030.
The surge in market value is a clear reflection of the increasing adoption of electric vehicles globally. Consumers are increasingly recognizing the environmental benefits of EVs, leading to a growing market for portable chargers that cater to the need for on-the-go charging solutions. The accessibility and convenience offered by portable EV chargers align with the dynamic lifestyle of EV users, contributing to their popularity.
The expanding infrastructure for EV charging stations and the commitment of governments worldwide to promote sustainable transportation play pivotal roles in driving the portable EV charger market. Incentives and subsidies provided by governments further incentivize consumers to embrace electric vehicles and invest in portable chargers.
Looking ahead, the portable EV charger market is poised for continuous growth as technological advancements improve charging efficiency and affordability. The market dynamics are expected to evolve with innovations in battery technology and the development of faster and more compact charging solutions. As electric vehicles become an increasingly integral part of the automotive landscape, the portable EV charger market will continue to play a vital role in supporting the charging needs of EV owners worldwide.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Market Size Value In 2022 | USD 125.4 Billion |
| Market Size Value In 2023 | USD 144.5 Billion |
| Growth Rate | 21.6% (2023-2032) |
Portable Electric Vehicle Charger Market Highlights:
Portable Electric Vehicle Charger Market Overview
Portable Electric Vehicle Charger Market Size was valued at USD 125.4 million in 2022. The Global Portable Electric Vehicle Charger market industry is projected to grow from USD 144.1 million in 2023 to USD 840.7 million by 2032, exhibiting a compound annual growth rate (CAGR) of 21.6% during the forecast period (2023-2032). The Portable Electric Vehicle Charger industry is expected to experience significant growth due to increasing popularity of electric vehicles and limited electric vehicle charging infrastructure.
FIGURE 1: Global Portable Electric Vehicle Charger Market Size 2018-2032 (USD MILLION)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Portable Electric Vehicle Charger Market Driver
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Increasing Popularity of Electric Vehicles
The rising popularity of electric vehicles is one of the key factors influencing the demand for portable EV chargers. The International Energy Agency estimates that by 2030, there will be 145 million electric vehicles on the road worldwide, up from just 3.1 million in 2017. Infrastructure for charging electric vehicles is becoming more and more important as more people switch to them.
For EV owners who might not have access to a fixed charging station or who need to charge their vehicle while on the go, portable EV chargers offer a practical alternative. With a portable charger, EV owners can charge their car anywhere—at home, at work, or even on the road—giving them more freedom and security.
Portable Electric Vehicle Charger Market Segment Insights:
Portable Electric Vehicle Charger Type Insights
By Type, the Portable Electric Vehicle Charger market has been categorized as been segmented into gas-fuelled charger and battery EV charger. According to MRFR analysis, the Battery EV charger segment is expected to hold the larger market share.
A particular kind of charger used to charge battery electric vehicles is referred to as a battery-electric vehicle charger (BEVs). Battery-powered vehicles (BEVs) require regular battery charging to be operational. Battery electric car chargers come in two primary categories: Level I and Level II. Level I chargers take longer to charge a battery because they operate more slowly than Level II ones.
Portable Electric Vehicle Charger Current Type Insights
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.
DC charging is quicker and more powerful than AC charging, which is typically slower and less effective. The need for portable chargers is growing along with the popularity of electric vehicles, particularly among people who travel large distances or do not have access to charging stations. Worldwide demand for both AC and DC chargers has grown, and there is potential for future expansion.
Portable Electric Vehicle Charger End-user Insights
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.
The main end-user market for portable electric car chargers is the electric vehicle market. The demand for charging solutions is rising along with the adoption of electric vehicles. Portable electric vehicle chargers are a popular choice for EV drivers who need to charge their vehicles while on the go due to their ease. For those without access to charging stations or who must charge their vehicle in a distant area, portable chargers offer a practical charging solution. The increasing demand for portable electric vehicle chargers in this market is being driven by the growing demand for electric vehicles and the necessity for charging solutions.
Portable Electric Vehicle Charger Application Insights
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.
Electric vehicle charging services are offered by roadside assistance companies using portable electric vehicle chargers. The charger aids in offering stranded owners of electric vehicles on the side of the road a quick and simple option. By serving a new market sector, it also helps the organizations grow its clientele. Moreover, it can aid in lowering emissions from tow vehicles driven by gasoline.
FIGURE 2: Global Portable Electric Vehicle Charger Market Share By Application 2023 (%)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Portable Electric Vehicle Charger Regional Insights
By Region, the study segments the market into North America, Europe, Asia-Pacific, and the Rest of the World.
The market is led by Europe the growing popularity of electric vehicles in the area is one of the major factors driving the portable electric vehicle charger market in Europe. The adoption of electric vehicles has increased as a result of the European Union's ambitious goals to lower carbon emissions and promote sustainable mobility. In response, this has increased demand for portable charging options, particularly from people without access to stationary charging stations at home or at the office.
In North America, the growing popularity of electric vehicles is one of the key factors driving the market for portable electric vehicle chargers. In particular for those who lack access to a stationary charging station at home or work, there is an increasing need for quick and dependable charging options as more and more people switch to electric vehicles. For owners of electric vehicles, portable electric vehicle chargers offer a practical and adaptable charging option that enables on-the-go charging.
In Asia-Pacific, the rising popularity of electric vehicles is one of the major market factors which drives the growth of the market in Asia Pacific region. Government incentives, growing environmental concerns, and the availability of reasonably priced electric vehicles are all contributing to a large rise in the adoption of electric vehicles in nations like China, Japan, and South Korea. For people who lack access to a stationary charging station at home or at work, this has increased the demand for portable charging options.
FIGURE 3: Global Portable Electric Vehicle Charger Market Share By Region 2023 (%)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Portable Electric Vehicle Charger Market Players & Competitive Insights
The Portable Electric Vehicle Charger Market is characterized by the presence of many global, regional, and local vendors. The market is highly competitive, with all the players competing to gain maximum market share. Intense competition, frequent changes in government policies, and regulations are key factors that impact market growth. The vendors compete based on cost, product quality, reliability, and aftermarket services. The vendors must provide cost-efficient and high-quality portable electric vehicle charger to sustain their presence in an intensely competitive market environment. During the study, MRFR has analyzed some of the major players in the global market who have contributed to the market growth. These include 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
Portable Electric Vehicle Charger Industry Developments
April 2022 - Heliox has signed a supply agreement with PACCAR Parts to support the North American rollout of PACCAR's electric vehicles. Heliox will provide mobile 25 kW and 50 kW chargers to PACCAR dealers and customers developing electric truck fleets.
Portable Electric Vehicle Charger Market Segmentation
Portable Electric Vehicle Charger Type Outlook:
- Gas-fuelled Charger
- Battery EV Charger
Portable Electric Vehicle Charger Current Type Outlook:
- AC
- DC
Portable Electric Vehicle Charger End-user Outlook:
- Electric Vehicles
- Commercial Car
- Passenger Car
- Aviation
- Others
Portable Electric Vehicle Charger Application Outlook:
- Roadside Assistance Companies
- Utilities
- Shared Fleet Operator
- Others
Portable Electric Vehicle Charger Regional Outlook
North America
- US
- Canada
- Mexico
Europe
- Germany
- France
- UK
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- South America
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