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Global Portable EV Charger Market to reach USD 129.60 million by the end of 2029

Global Portable EV Charger Market Size study & Forecast, by Type (AC, DC), By Application (Passenger Cars, Commercial Vehicles) and Regional Analysis, 2022-2029

Product Code: ALTAE-52810875
Publish Date: 10-04-2023
Page: 200

Global Portable EV Charger Market is valued at approximately USD 29.94 million in 2021 and is anticipated to grow with a healthy growth rate of more than 20.1% over the forecast period 2022-2029. Portable EV Charger is a transportable charging unit that may be used to charge the vehicle anywhere, and when an electric vehicle is not at home or at a nearby charging station. The issue of access to charge points can be solved simply and efficiently using portable electric vehicle chargers. Because it can be transported with the user and was designed exclusively for mobile charging of EVs, it differs from a permanent EV charger. Portable EV chargers were created for use at home, work, events, or other places without access to charging stations. The increasing adoption of electric vehicles and limited availability of electric vehicle charging points are key factors accelerating the market growth.

The adoption of electric vehicles is rapidly increasing due to rise in crude oil prices, and incentives & subsidiaries offered on sales of electric vehicles. For instance – as per International Energy Agency (IEA) estimates – in 2020, globally around 3 million units of electric cars were sold, and this number further reached 6.6 million units in 2021. In addition, in China, electric car sales nearly tripled in 2021 to 3.3 million, and the region accounted for half of the global electric cars sale. Europe also witnessed 65% increase in electric cars sale with around 2.3 million sold in 2021 and the United States’ electric car sales reached 630 000 units in 2021. Also, growing emergence of mobile charging as a service and rising trend of shared mobility would create a lucrative growth prospectus for the market over the forecast period. However, the high cost of Portable EV Chargers stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Portable EV Charger Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific dominated the market in terms of revenue, owing to the dominance of leading regional market players and increasing adoption of electric vehicles in the region. Whereas Europe is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising penetration of electric and plug-in hybrid vehicles as well as favorable initiatives from government authorities to increase penetration of electric vehicles in the region.

Major market players included in this report are:
JTM Power Limited
Evteq Mobility Private Limited
Heliox Energy
Guangzhou Electway Technology Co., Ltd
Blink Charging Co.
Power Sonic Corporation
Shenzhen SETEC Power Co., Ltd.
ZipCharge Limited
Free Wire Technologies, Inc.

Recent Developments in the Market:
 In July 2019, Magenta Power launched a new portable and compact electric vehicle (EV) charger range called Charge Grid. The Charge Grid series is available in four variants including LITE, PRO-3P, PRO-T2 and ULTRA.

 In Nov 2021, ZipCharge launched its new portable Electric Vehicle (EV) charger, called the Go. This new charger Go is the first element of a global portable EV charging platform that combines hardware, software, machine learning and innovative ownership models to bring affordable charging for EV owners.

Global Portable EV Charger Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Type, Application, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type

By Application
Passenger Cars
Commercial Vehicles

By Region:
North America
Asia Pacific
South Korea
Latin America
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Million)
1.2.1. Portable EV Charger Market, by Region, 2019-2029 (USD Million)
1.2.2. Portable EV Charger Market, by Type, 2019-2029 (USD Million)
1.2.3. Portable EV Charger Market, by Application, 2019-2029 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Portable EV Charger Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Portable EV Charger Market Dynamics
3.1. Portable EV Charger Market Impact Analysis (2019-2029)
3.1.1. Market Drivers Increasing adoption of electric vehicles Limited availability of electric vehicle charging points
3.1.2. Market Challenges High Cost of Portable EV Charger
3.1.3. Market Opportunities Growing emergence of mobile charging as a service Rising trend of shared mobility
Chapter 4. Global Portable EV Charger Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Portable EV Charger Market, by Type
6.1. Market Snapshot
6.2. Global Portable EV Charger Market by Type, Performance – Potential Analysis
6.3. Global Portable EV Charger Market Estimates & Forecasts by Type 2019-2029 (USD Million)
6.4. Portable EV Charger Market, Sub Segment Analysis
6.4.1. AC
6.4.2. DC
Chapter 7. Global Portable EV Charger Market, by Application
7.1. Market Snapshot
7.2. Global Portable EV Charger Market by Application, Performance – Potential Analysis
7.3. Global Portable EV Charger Market Estimates & Forecasts by Application 2019-2029 (USD Million)
7.4. Portable EV Charger Market, Sub Segment Analysis
7.4.1. Passenger Cars
7.4.2. Commercial Vehicles
Chapter 8. Global Portable EV Charger Market, Regional Analysis
8.1. Portable EV Charger Market, Regional Market Snapshot
8.2. North America Portable EV Charger Market
8.2.1. U.S. Portable EV Charger Market Type breakdown estimates & forecasts, 2019-2029 Application breakdown estimates & forecasts, 2019-2029
8.2.2. Canada Portable EV Charger Market
8.3. Europe Portable EV Charger Market Snapshot
8.3.1. U.K. Portable EV Charger Market
8.3.2. Germany Portable EV Charger Market
8.3.3. France Portable EV Charger Market
8.3.4. Spain Portable EV Charger Market
8.3.5. Italy Portable EV Charger Market
8.3.6. Rest of Europe Portable EV Charger Market
8.4. Asia-Pacific Portable EV Charger Market Snapshot
8.4.1. China Portable EV Charger Market
8.4.2. India Portable EV Charger Market
8.4.3. Japan Portable EV Charger Market
8.4.4. Australia Portable EV Charger Market
8.4.5. South Korea Portable EV Charger Market
8.4.6. Rest of Asia Pacific Portable EV Charger Market
8.5. Latin America Portable EV Charger Market Snapshot
8.5.1. Brazil Portable EV Charger Market
8.5.2. Mexico Portable EV Charger Market
8.5.3. Rest of Latin America Portable EV Charger Market
8.6. Rest of The World Portable EV Charger Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. JTM Power Limited Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.2.2. Evteq Mobility Private Limited
9.2.3. Heliox Energy
9.2.4. Guangzhou Electway Technology Co., Ltd
9.2.5. Blink Charging Co.
9.2.6. Power Sonic Corporation
9.2.7. Shenzhen SETEC Power Co., Ltd.
9.2.8. ZipCharge Limited
9.2.9. SparkCharge
9.2.10. Free Wire Technologies, Inc.
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
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Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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