According to Cognitive Market Research, The Global Combined Charging System market size is USD 11.9 billion in 2023 and will grow at a compound yearly growth rate (CAGR) of 32.50% from 2023 to 2030.
The demand for stringent government rules and regulations due to the increasing operational efficiency and saving higher costs is driving market growth.
The combined charging system market’s demand for electric vehicles increases the adoption of combined charging systems among consumers.
The hardware components and 40 to 100 kWh category held the highest combined charging system market revenue share in 2023.
Europe will continue to lead, whereas the North America combined charging system market will experience the strongest growth until 2030
