Car Battery Chargers Market Expected to Expand at a CAGR of 7.0%, Valuation of US$ 40.69 Bn by 2032 | Future Market Insights, Inc.
NEWARK, DE | ACCESSWIRE | September 23, 2022 | The global car battery chargers market is projected to reach a value of US$ 40.69 Bn by 2032, with sales growing at a healthy CAGR of 7.0% from the forecast period of 2022 to 2032. Scaling up from an estimated US$ 20.73 Bn in 2022, the car battery chargers market is fueled by the elevated demand for hybrid electric vehicles as well as the overall surge in the production of electric and hybrid vehicles. Stringent regulatory conditions coupled with high automotive standards related to hybrid and electric vehicles have an effect on the demand for car battery chargers. Progress in the automotive industry and increasing investment in the in-car charger manufacturing businesses are also anticipated to have a major influence on the car battery charger market in the upcoming years. In addition to all this, the constant swell in the manufacturing and sales of battery-operated electronic devices and equipment as well as the introduction of novel, enhanced, and efficient battery technologies aid in the expansion of the car battery chargers market.
Car Battery Chargers Market Expected to Expand at a CAGR of 7.0%, Valuation of US$ 40.69 Bn by 2032 | Future Market Insights, Inc.
NEWARK, DE | ACCESSWIRE | September 23, 2022 | The global car battery chargers market is projected to reach a value of US$ 40.69 Bn by 2032, with sales growing at a healthy CAGR of 7.0% from the forecast period of 2022 to 2032. Scaling up from an estimated US$ 20.73 Bn in 2022, the car battery chargers market is fueled by the elevated demand for hybrid electric vehicles as well as the overall surge in the production of electric and hybrid vehicles. Stringent regulatory conditions coupled with high automotive standards related to hybrid and electric vehicles have an effect on the demand for car battery chargers. Progress in the automotive industry and increasing investment in the in-car charger manufacturing businesses are also anticipated to have a major influence on the car battery charger market in the upcoming years. In addition to all this, the constant swell in the manufacturing and sales of battery-operated electronic devices and equipment as well as the introduction of novel, enhanced, and efficient battery technologies aid in the expansion of the car battery chargers market.