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Report ID: SQMIG55F2029
Report ID:
SQMIG55F2029 |
Region:
Global |
Published Date: March, 2024
Pages:
182
|
Tables:
59 |
Figures:
77
According to accounting, Europe contributed the most to global revenue and is predicted to expand at a CAGR of 35.9%. The UK, Germany, France, Italy, and the rest of Europe are included in the analysis of the Europe market. Due to technological developments in wireless charging devices across the area, Europe is predicted to experience a significant growth rate during the projection period. The demand for fuel-efficient and long-lasting charging solutions for electronic devices like power tools and portable gadgets has increased, which has accelerated development in the Europe 's electronics sector.
The second-largest region is Asia-Pacific. By 2030, it is anticipated to reach an expected value of USD 55 million, showing a 38% CAGR. Due to the sharp increase in the number of electric vehicles in nations like China and Japan, Asia-Pacific has a great potential for growth. The expansion of the EV chargers’ market in this area is anticipated to be aided by a number of government initiatives to build electric vehicle charging infrastructure. For instance, the Automotive Research Association of India (ARAI) intended to install more than 200 EV charging stations throughout the country. It is projected that the sum of all these variables will greatly fuel market expansion.
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Report ID: SQMIG55F2029