DC High Power Charger Market I Exactitude Consultancy Reports

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The DC high power charger market is expected to grow at 13.6% CAGR from 2023 to 2029. It is expected to reach above USD 192.19 Billion by 2029 from USD 61 Billion in 2022.

DC High Power Charger Market Overview
“DC” refers to “direct current” the type of power batteries uses. Level 2 charging stations use “AC” or “alternative current”, which you will easily find in typical household outlets. Electric vehicles have onboard chargers inside the car that convert AC power to DC for the battery. That means it can feed power directly to the car’s battery and doesn’t need the onboard charger to convert it. DC chargers are bigger, faster, and an exciting breakthrough when it comes to electric vehicles.

Segment Analysis
The DC high power charger market is segmented based on Power Output, Application and Region, Global trends and forecast.

By Power Output (10 KW to 100 KW, Less Than 10 KW, and More Than 100 KW), by Application (Industrial, Automotive, Consumer Electronics and others) and Region, Global trends and forecast.

The DC charger market is divided into three categories based on power output: less than 10 KW, 10 KW to 100 KW, and more than 10 KW. The 10 KW market category accounted for a sizeable portion of the DC charger industry’s sales in 2021. The increased use of consumer electronics with small batteries, such as smartphones and laptops, is responsible for the segment’s increased growth. The demand for faster charging to cut down on wait times is growing as people’s lifestyles become more chaotic and busy.

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