This represents growing at a CAGR (compound annual growth rate) of 29.9% from 2024 to 2030, according to a new report from ResearchAndMarkets.
The market analyst says that innovations in AC charging technology, particularly the development of faster Level 2 chargers and smart charging features, have made AC charging more efficient and customizable. These advancements align well with the evolving needs of EV owners who require greater control over their charging routines, from remote monitoring to scheduled charging during off-peak hours.
In addition, supportive government policies have created incentives for installing AC chargers, with various programs offering rebates and grants to promote charging infrastructure in residential, commercial, and public spaces. Many regional governments are also mandating EV infrastructure expansion as part of broader clean energy initiatives, positioning AC chargers as a key element in urban planning and sustainability efforts.
Consumer preferences for environmentally friendly and efficient vehicles have also spurred growth, as more EV owners seek charging options that integrate with renewable energy sources, such as solar. Since AC chargers can be easily paired with home solar systems, they enable users to charge their EVs directly from renewable sources, reducing reliance on traditional grid power and lowering environmental impact. As more consumers embrace these values, the demand for AC charging solutions that are both accessible and eco-conscious is expected to rise.
Together, these drivers underscore a robust growth trajectory for the electric vehicle AC charger market, with AC chargers positioned to play a central role in the future of EV charging infrastructure as they support the transition toward more sustainable transportation.
