Norway Electric Vehicle Charger Market Trends, Growth, Industry Analysis, Size, Share and Forecast 2025

Norway electric vehicle charger market is forecast to augment at a CAGR of over 13.0% during the forecast period, 2019-2025. The country is the largest market for electric vehicles in Europe. Government push-ups and incentives for the electric vehicle are the major factors for the growth of the market in the country. In 2016, the Government of the country had targets to sell 100% passenger light-duty electric vehicle and light commercial electric vehicle by 2025. In 2019, passenger plug-in cars fleet share has increased to around 56% in the country. More than 79,600 electric cars were sold in 2019, which was 10% higher than in 2018.

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Key companies contributing to the market include ABB Ltd., Alfen N.V., Tesla, Inc., Engie, Schneider Electric SE, Siemens AG, Webasto SE, and others.

Norway electric vehicle charger market is studied based on 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 segmented into Type 1, Type 2 and other chargers, whereas the DC connector market is further segmented into CHAdeMO, Combined Charging System (CCS), Type 2 (Tesla) chargers. During the forecast period, DC connectors are expected to show a significant growth rate. As per the government data at the end of 2018, there were around 2,500 charging stations with around 12,400 charging points in the country.

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Out of this, around 4,5000 are Schuko (AC power plug) points and nearly 11,000 charging points appoints are publicly accessible. Around 1,150 were CHAdeMO fast charging points, and around 1,850 AC type 2 semi/fast charging points in the country. There were around 600 Tesla supercharging points in the country in 2018. 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.

Market Segmentation

Electric Vehicle Charger Market by Ownership

o Public
o Private

Electric Vehicle Charger Market by Charger Type

o Slow Charger
o Fast Charger

Electric Vehicle Charger Market by Connector Type

o AC Connectors
o Type 1
o Type 2
o Other (Domestic Socket)
o DC Connectors
o Combined Charging System (CCS)
o Type 2 (Tesla)

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