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Global Bidirectional Electric Vehicle Charger Market to 2031: Rise in Demand for Solar-Powered Electric Vehicles Presents Opportunities

Retrieved on: 
Thursday, May 11, 2023
ZeroCarbon, Manchester University NHS Foundation Trust, Hitachi, Partnership, Bev, EV, Face, Electricity, Trust, Research, Mitsubishi Group, Kilowatt-hour, Wind, EVS, NHS foundation trust, MFT, University of Manchester, Growth, Region, NHS, Phoenix Motorcars, V2X, Cryptocurrency, Electric battery, Renewable energy

The growth in the bidirectional electric vehicle charger market is expected to be driven by the need for renewable sources of power and energy and increasing sales of electric vehicles around the world.

Key Points: 
  • The growth in the bidirectional electric vehicle charger market is expected to be driven by the need for renewable sources of power and energy and increasing sales of electric vehicles around the world.
  • The bidirectional electric vehicle (EV) charger market is in the early growth phase for several reasons.
  • As a result, the bidirectional electric vehicle charger market is expected to flourish in the forecast period.
  • The following are the demand drivers for the Bidirectional Electric Vehicle Charger Market:
    The market is expected to face some limitations as well due to the following challenges:

Global Bidirectional Electric Vehicle Charger Market Report 2023: Sector is Expected to Reach $4.8 Billion by 2031 at a CAGR of 20.02% - ResearchAndMarkets.com

Retrieved on: 
Thursday, May 11, 2023
EV, Electric Vehicles, Automotive, ZeroCarbon, Manchester University NHS Foundation Trust, Hitachi, Partnership, Bev, Electricity, Trust, Mitsubishi Group, Kilowatt-hour, Wind, NHS foundation trust, MFT, University of Manchester, Growth, Region, NHS, Phoenix Motorcars, V2X, Cryptocurrency, Electric battery, Renewable energy

The global bidirectional electric vehicle charger market was valued at $933.2 million in 2022 and is anticipated to reach $4,820.6 million by 2031, witnessing a CAGR of 20.02% during the forecast period 2022-2031.

Key Points: 
  • The global bidirectional electric vehicle charger market was valued at $933.2 million in 2022 and is anticipated to reach $4,820.6 million by 2031, witnessing a CAGR of 20.02% during the forecast period 2022-2031.
  • The growth in the bidirectional electric vehicle charger market is expected to be driven by the need for renewable sources of power and energy and increasing sales of electric vehicles around the world.
  • The bidirectional electric vehicle (EV) charger market is in the early growth phase for several reasons.
  • As a result, the bidirectional electric vehicle charger market is expected to flourish in the forecast period.