Switzerland Portable Electric Vehicle Charger Market Size, 2018-2030, By Application (USD Million)
Synopsis
The above chart is Switzerland Portable Electric Vehicle Charger Market Size, 2018-2030, By Application (USD Million)
Market Dynamics
the demand for electric vehicles has been steadily increasing in recent years, and with it, the demand for portable electric vehicle chargers. in switzerland, the market for portable electric vehicle chargers is also witnessing significant growth. this can be attributed to a number of factors, including the increasing adoption of electric vehicles, government incentives and initiatives, and the growing awareness about the benefits of using electric vehicles.
in terms of market size, the portable electric vehicle charger market in switzerland is estimated to be worth around chf 20 million. this includes both the domestic and commercial sector. the market is expected to grow at a cagr of around 10% over the next five years, reaching a value of chf 30 million by 2025. this growth can be attributed to the increasing number of electric vehicles on the road and the need for portable charging solutions.
one of the primary applications of portable electric vehicle chargers is in the domestic sector. with the increasing number of people switching to electric vehicles, there is a growing need for convenient and efficient charging solutions at home. this has led to the rise in demand for portable chargers that can be easily installed and used at home. these chargers offer the convenience of charging an electric vehicle at home, without the need for dedicated charging stations. this application is expected to dominate the market in switzerland for portable electric vehicle chargers.
another key application of portable electric vehicle chargers is in the commercial sector. as businesses and fleets are also adopting electric vehicles, there is a need for portable charging solutions that can be used at different locations. this includes public charging stations, car rental agencies, and delivery and transport companies. with the growing number of electric vehicles in the commercial sector, the demand for portable chargers is also expected to increase.
in conclusion, the portable electric vehicle charger market in switzerland is witnessing significant growth owing to the increasing adoption of electric vehicles and the need for convenient and efficient charging solutions. with the market expected to grow at a steady pace in the coming years, there is a lot of potential for players in the market to tap into this lucrative market and offer innovative and efficient solutions to meet the growing demand.
