France electric vehicle charger market is anticipated to grow at a CAGR of over 19.0% during the forecast period, 2019-2025. Government support for adoption of electric vehicles and development of its infrastructure is one of the major factors motivating the market in the country. The aim of the French government is to reach 600,000 Battery Electric Vehicles (BEVs), 400,000 Plug-in hybrid (PHEVs) and 100,000 publicly accessible charging points by 2022. In 2016, the government of France launched the ADVENIR program in order to provide financial benefits to the private EV charging infrastructure including companies and apartments. Under the program, a 30% tax credit is added to the individual on installing the charging station. Till July 2019, around 7,300 new charging points have been financed by the governments. By 2022, the government aims to develop 3,000 chargers for the condominium. In addition to this, the government will also offer subsidies to municipalities. The government has sanctioned around $17.5 million for the initiative. Some other major factors for the growth of the market include the high average cost of vehicles, the presence of major electric vehicle manufacturers, considerable investment by the private players and so on.
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France electric vehicle charger market is segmented on the basis of ownership, charger type, and connector type. Based on ownership, the market is segmented into public and private. Moreover, by charger type, the market is bifurcated into slow chargers and fast chargers. By connector type, the market is analyzed into AC connectors and DC connectors. AC connector market is further divided into Type 1, Type 2 and other chargers, whereas the DC connector market is further divided into CHAdeMO, Combined Charging System (CCS), Type 2 (Tesla) chargers. During the forecast period, DC connectors are expected to show a significant growth rate.
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Key companies contributing to the market include ChargePoint, Inc., Engie, Leviton Manufacturing Co., Inc., Schneider Electric SE, Siemens AG, Tesla, Inc., Webasto SE, and others. The market players are considerably contributing to the market growth by the adoption of various growth strategies including new product launch, merger, and acquisition, collaborations with government, and technological advancements to stay competitive in the market.
France Electric Vehicle Charger Market Segmentation
By Charger Type
- Slow Charger
- Fast Charger
- AC Connectors
- Type 1
- Type 2
- Other (Domestic Socket)
- DC Connectors
- Combined Charging System (CCS)
- Type 2 (Tesla)
- ChargePoint, Inc.
- Eaton Corp.
- Leviton Manufacturing Co., Inc.
- Schneider Electric SE
- Siemens AG
- Tesla, Inc.
- The New Motion B.V.
- Webasto SE
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