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different types of chargers, slow chargers are expected to dominate the market however, fast chargers are expected to grow at highest CAGR of 37.1% during the forecast period. Based on power level offered to the EVs, slow EV chargers can be of two type level 1 and level 2 chargers. Level 1 chargers charge the EVs through 120V supply and takes approximately 12 hours to charge a fully depleted battery. On the other hand, level 2 chargers through 240V supply and takes 6-8 hours charging time. The fast chargers or level 3 are known as rapid charger, as they take only 20-30 minutes charging time to completely charge the electric vehicle Nike Air Max 90 Rebajas , however high equipment and installation cost of the level 3 chargers make level 2 chargers more preferred charger type. Level 2 chargers are anticipated to reach 14.11 billion in volume by 2025.
Electric vehicles can be charged through different modes, such as wireless and plug-in charging. The plug-in chargers dominate the market, however, the wireless chargers are steading catching up the speed. As Plugless Power expanded its business to provide its wireless charging kit to BMW i3, Mercedes S550e and Tesla Model S for more than US$ 3,000. Similarly Nike Air Max 90 España Outlet , General Motors is working with WiTricity to test wireless EV charging system in vehicles. Owing to this, the wireless chargers are expected to grow at the fastest rate of 40.5% during the forecast period. Furthermore, across different geographies, Asia Pacific (APAC) dominated the market in 2017 and is expected to remain the largest market for EV charging outlets during the forecast period. The growing market of EVs, supportive governmental programs and initiatives and continuously decreasing cost of batteries, especially in China are attributed to be the major factors behind the highest market share of Asia-Pacific region.
Some of the major key players operating in the global EV charging outlets market includes BYD Nike Air Max 90 Niños España , EVBox, EVgo, Eaton Corporation., Tesla Inc., ChargePoint Inc., The New Motion Nike Air Max 90 Mujer España , Fortum, General Electric and Schneider Electric. These players are entering into several strategies partnerships, merger-acquisitions, joint-ventures, product launches and business expansions to strengthen their position in the EV charging outlets market. In addition to the tie-ups with governments these companies are also investing in the EV charging infrastructure to increase their presence, in turn market share in the rapidly growing electric vehicle charging outlets market.
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