Electric Vehicle Charger (EVC) Market Size, Share & Growth Report by 2033

Research Methodology – Electric Vehicle Charger (EVC) Market

At Straits Research, we adopt a rigorous 360° research approach that integrates both primary and secondary research methodologies. This ensures accuracy, reliability, and actionable insights for stakeholders. Our methodology for the Electric Vehicle Charger (EVC) Market comprises the following key stages:

Market Indicator & Macro-Factor Analysis

Our baseline thesis for the Electric Vehicle Charger (EVC) Market is developed by integrating key market indicators and macroeconomic variables. These include:

Factors considered while calculating market size and share:

Current market penetration and adoption rate of electric vehicles.
The rate of growth in the electric vehicle industry.
The number of existing and potential Electric Vehicle Charging Stations.
The geographical coverage of the EVC Market.
Variations in prices of chargers based on type and specification.
Government policies and incentives supporting electric vehicle charging infrastructure development.
Investment in the manufacturing and R&D of EVCs.
Competing technologies and alternatives to EVCs.
Overall consumer perception and acceptance of electric vehicles and their charging requirements.

Key Market Indicators:

The total number of electric vehicles on the road.
The rate of new electric vehicle registrations.
The number of public and private charging stations.
Growth rates of various segments in the EVC market, such as home charging stations, public charging stations, etc.
Investments in the EVC sector by private and public entities.
Technological advancements and their adoption rates in the EVC sector.
Environmental regulations and policies affecting the EVC market.

Growth Trends:

Growth trend in the manufacturing of electric vehicles and related infrastructure.
The trend in governmental policies and regulations promoting the use of EVs and EVCs.
The increase in investments to promote the use of electric vehicles and the development of EVCs.
Trends in technological developments in the EVC sector, such as the increase in fast-charging stations.
Growth trend in the demand for sustainable and environment-friendly alternatives to traditional vehicles.
Increasing urbanization and growth trends in the construction sector influencing the demand for EVCs.

Secondary Research

Our secondary research forms the foundation of market understanding and scope definition. We collect and analyze information from multiple reliable sources to map the overall ecosystem of the Electric Vehicle Charger (EVC) Market. Key inputs include:

Company-Level Information

Annual reports, investor presentations, SEC filings
Company press releases and product launch announcements
Public executive interviews and earnings calls
Strategy briefings and M&A updates

Industry and Government Sources

Country-level industry associations and trade bodies
Government dossiers, policy frameworks, and official releases
Whitepapers, working papers, and public R&D initiatives
Relevant Associations for the Electric Vehicle Charger (EVC) Market

Market Intelligence Sources

Broker reports and financial analyst coverage
Paid databases (Hoovers, Factiva, Refinitiv, Reuters, Statista, etc.)
Import/export trade data and tariff databases
Sector-specific journals, magazines, and news portals

Macro & Consumer Insights

Global macroeconomic indicators and their cascading effect on the industry
Demand–supply outlook and value chain analysis
Consumer behaviour, adoption rates, and commercialization trends

Primary Research

To validate and enrich our secondary findings, we conduct extensive primary research with industry stakeholders across the value chain. This ensures we capture both qualitative insights and quantitative validation. Our primary research includes:

Expert Insights & KOL Engagements

Key Opinion Leader (KOL) Engagements
Structured interviews with executives, product managers, and domain experts
Paid and barter-based interviews across manufacturers, distributors, and end-users

Focused Discussions & Panels

Discussions with stakeholders to validate demand-supply gaps
Group discussions on emerging technologies, regulatory shifts, and adoption barriers

Data Validation & Business POV

Cross-verification of market sizing and forecasts with industry insiders
Capturing business perspectives on growth opportunities and restraints

Data Triangulation & Forecasting

The final step of our research involves data triangulation ensuring accuracy through cross-verification of:

Demand-side analysis (consumption patterns, adoption trends, customer spending)
Supply-side analysis (production, capacity, distribution, and market availability)
Macroeconomic & microeconomic impact factors

Forecasting is carried out using proprietary models that combine: