Rising Sales of Electric Vehicles to Support Low Voltage Charger Market
The global low voltage charger market is expected to record a value of US$1.22 billion in 2025, rising at a CAGR of 3.09%, for the time period of 2021-2025. Factors such as rising number of ride-hailing fleet vehicles, growing digital ads spending in automotive industry, rising sales of smartphones, decline in price of lithium-ion batteries, rising demand for electric vehicle supply equipment a ..