Portable EV Charger Market

Market Definition

The Portable EV Charger Market size was valued at USD 61.2 million in 2023 and is predicted to reach USD 335.2 million by 2030 with a CAGR of 27.5% from 2024-2030. Portable electric vehicle (EV) charger, also known as a mobile electric vehicle charger, is a compact and transportable device designed to provide electric vehicles (EVs) with on-the-go charging capabilities. These chargers are typically smaller in size compared to fixed charging stations and are designed for convenience, allowing EV owners to recharge their vehicles wherever a standard power source is available, such as a regular electrical outlet. Portable EV chargers are especially useful for topping up an EV's battery or for emergency charging situations when access to a dedicated charging station is limited.

Market Dynamics and Trends

The growing adoption of electric vehicles is creating a demand for portable chargers, which is boosting the market growth. According to the International Energy Agency as of April 2023, the sale of electric cars is anticipated to reach 14 million by the end of 2023.

This growth will raise electric cars' share of the total car market from 4% in 2020 to 14% in 2022, and is projected to reach 18% by the end of 2023. Such hike will implement substantial transformation in the EV charging industry with significant growth of charging infrastructure, including the portable EV charger market. Moreover, governments worldwide are actively promoting the adoption of electric mobility as part of their efforts to combat climate change and reduce green-house gas emission across multiple regions.

For instance, in February 2023, The U.S. Department of Transportation promotes the adoption of electric vehicles (EVs) in rural areas to reduce transportation costs and minimize the environmental impact of transportation. The Federal government of the U.S. aims to increase the sale of zero-emissions vehicles alongside building network of 500,000 chargers for these EV to support the EV market to grow, which in turn will also contribute in increased adoption of portable electric vehicle (EV) chargers in these regions as a convenient source of charging, leading to the market growth.

Furthermore, introduction of advanced technology such as wireless portable EV chargers and others are boosting the growth of the portable EV charger market. Wireless chargers offer flexibility, enabling users to charge their vehicles effortlessly in various locations without the need for fixed charging stations.

For instance, in September 2023, CTEK Sweden AB. launched Nanogrid Air, a wireless load balancing accessory designed to work with the CTEK NJORD GO portable EV charger. The Nanogrid Air protects the main fuse and automatically adjusts and optimizes available power to ensure efficient and uninterrupted charging. The wireless load balancing accessory is designed to seamlessly integrate with the CTEK NJORD GO portable EV charger, that can help charging efficiently.

However, the slower charging of these chargers compared to dedicated charging stations making them less practical for long journeys is restraining the market growth. On the contrary, the integration of artificial intelligence in portable EV chargers, optimizing energy use based on factors including electricity rates and weather conditions as well as enhancing user experience, offering remote monitoring and load balancing is expected to create ample growth opportunities for the market in the future.

Market Segmentations and Scope of the Study

The portable EV charger market is segmented on the basis of charger type, charger portability, charging infrastructure, IP protection, application, distribution channel, and region. On the basis of charging type, the market is divided into, level 1, lever 2, and level 3. Based on charger portability, the market is segregated into, lightweight and compact mobile chargers and heavy-duty mobile charges for commercial use. Based on charging infrastructure, the market is bifurcated into, plug-and-play mobile EV chargers and mobile EV chargers with docking stations. Based on IP protection, the market is segmented into IP rated and non-IP rated. Based on application, the market is categorised into, residential charging and commercial charging. Based on distribution channel, the market is segmented into OEMs and third-party retailers. regional breakdown and analysis of each of the aforesaid segments includes regions comprising of North America, Europe, Asia-Pacific, and Rest of The World (Row).

Geographical Analysis

Asia-Pacific region holds the dominating share in the portable EV charger market during the forecast period, due to the increasing government initiatives to promote electric vehicles adoption in countries such as India and Thailand. For instance, in March 2023, the government of India initiated three schemes to foster electric and hybrid vehicle production in India.

These include large investment on FAME India Phase II Scheme aimed at promoting electric technology in transportation, supporting e-Buses, e-3 Wheelers and more for public/commercial use. Moreover, the government undertook various measures such as increased demand incentives, reduced GST on EVs and chargers, green license plates, and reduced road tax to boost EV adoption.

Moreover, introduction of roadside assistance for portable EV chargers in regions such as Australia and India are boosting the market in Asia-Pacific region. The service alleviates range anxiety, a major concern for EV buyers, by providing on-the-go charging during emergencies.

This assurance boosts consumer confidence, thus encourages businesses and individuals from the region to invest in portable EV chargers. For instance, January 2023, NRMA introduced mobile electric vehicle (EV) chargers in Sydney and Canberra, providing emergency charging facilities for stranded EV drivers. The mobile EV chargers are being rolled out in NRMA patrol vans, enabling EV drivers get cars back on the road with fast charging anywhere.

On the other hand, Europe is expected to witness a high rise in the portable EV charger market due to increasing consumer interest in electric vehicles and convenient charging solutions in countries such as the U.K. and Germany. This demand has prompted a rise in electric vehicle production to meet customer needs in addition to constant development in innovation in mobile charging solutions to reduce pressure on the power grid which can improvise customer overall experience.

For instance, in April 2022, ZipCharge, launched the GoHub, a modular portable public charging station that can be set up in a parking space-sized area. The model comes with two varients, a single-sided 5 charger layout and double-sided 10unit version. In addition, inside the GoHub are ZipCharge's Go EV power banks, offering portable energy to both EV owners and subscribers.

Moreover, the rising fuel costs in the European countries have led to a rapid adoption of electric vehicles in the region along with the government initiatives to promote the development EV charging technology is propelling the market growth. According to the International Council on Clean Transportation, by 2030, electric vehicles are projected to account for 35% to 50% of new passenger vehicle registrations across German cities.  This surge in electric vehicles is expected to drive demand for portable EV chargers in the market.

Competitive Landscape

Various market players operating in the portable EV charger market includes SparkCharge, Lectron EV., Heliox Energy, JTM Power Limited, Blink Charging Co., Evesco LLC, Shenzhen UUGreenPower Co., Ltd, ZipCharge Limited, Tesla, Inc., ChargePoint, Inc., and others. These market players are adopting various strategies such as collaboration and product launches to remain dominant in the market.

For instance, in July 2023, Lectron launched two new portable EV chargers named as the Lectron Level 1 EV Charger and the Level 2 EV Charger. These aim to address the challenges posed by the surge in electric vehicle ownership and limited charging infrastructure and focuses on delivering high-quality, safe, and affordable charging options, ensuring EV owners have reliable solutions and reducing range anxiety.

Moreover, in May 2023, Cummins Inc. partnered with Heliox Energy, to offer EV chargers that includes a mobile 50 kW DC charger called Mobile 50 and a stationary 180 kW DC system called Flex 180. Mobile 50 can be plugged into 480V AC wall sockets without fixed installation, saving fleet operators on infrastructure costs during their transition to electric vehicles. This partnership aims to improved assistance to customers who rely on battery electric technology.

Furthermore, in January 2023, SparkCharge launched mobile EV charging system and network designed for EV fleets, known as Charging as a Service (CaaS). This product offers a portable, and fast-charging solution for electric vehicles that is grid-independent. By catering to the needs of businesses with electric vehicle fleets, the company aims to provide a convenient and efficient charging solution.

Key Benefits

• The report provides quantitative analysis and estimations of the portable EV charger market from 2024 to 2030, which assists in identifying the prevailing market opportunities.

• The study comprises a deep-dive analysis of portable EV charger market including the current and future trends to depict prevalent investment pockets in the market.

• Information related to key drivers, restraints, and opportunities and their impact on the portable EV charger market is provided in the report. 

• Competitive analysis of the players, along with their market share is provided in the report.

• SWOT analysis and Porters Five Forces model is elaborated in the study.

• Value chain analysis in the market study provides a clear picture of roles of stakeholders.

Key Market Segments

By Charger Type 

• Level 1

• Level 2

• Level 3 

By charger portability

• Lightweight and Compact Mobile Chargers

• Heavy-Duty Mobile Chagres for Commercial Use 

By Charging Infrastructure   

• Plug-and-Play Mobile EV Chargers

• Mobile EV Chargers with Docking Stations 

By IP Protection

• IP Rated

• Non-IP Rated

By Application  

• Residential Charging

• Commercial Charging 

By Distribution Chanel 

• OEMs

• Third Party Retailers

By Region

• North America

  • The U.S.

  • Canada

  • Mexico

• Europe

  • The U.K.

  • Germany

  • France        

  • Italy        

  • Spain        

  • Denmark        

  • Netherlands        

  • Finland        

  • Sweden        

  • Norway        

  • Russia        

  • Rest of Europe

• Asia-Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Indonesia

  • Singapore

  • Taiwan

  • Thailand

  • Rest of Asia-Pacific 

• Rest of the World (RoW)

  • Latin America

  • Middle East 

  • Africa

REPORT SCOPE AND SEGMENTATION:

Parameters	Details
Market Size in 2023	USD 61.2 million
Revenue Forecast in 2030	USD 335.2 million
Growth Rate	CAGR of 27.5% 2024 to 2030
Analysis Period	2023–2030
Base Year Considered	2023
Forecast Period	2024–2030
Market Size Estimation	Million (USD)
Growth Factors	Widespread adoption of electric vehicles (EVs) worldwide. Government initiative promoting electric vehicle adoption. Introduction of innovative Solutions Such as wireless portable EV charger.
Countries Covered	28
Companies Profiled	10
Market Share	Available for 10 companies
Customization Scope	Free customization (equivalent to up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope.
Pricing and Purchase Options	Avail customized purchase options to meet your exact research needs.

KEY PLAYERS

• SparkCharge

• Lectron EV.

• Heliox Energy

• JTM Power Limited

• Blink Charging Co.

• Evesco LLC

• Shenzhen UUGreenPower Co., Ltd

• ZipCharge Limited

• Tesla, Inc.

• ChargePoint, Inc.