Albemarle Corp
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Materials : Chemicals | Mid Cap Blend
Company profile

Albemarle Corporation is a global developer, manufacturer and marketer of highly-engineered specialty chemicals. The Company operates through three segments: Lithium and Advanced Materials, Bromine Specialties and Refining Solutions. Lithium and Advanced Materials segment consist of two product categories: Lithium and Performance Catalyst Solutions. The bromine and bromine-based business includes products used in fire safety solutions and other specialty chemicals applications. The Company serves various end markets, including petroleum refining, consumer electronics, energy storage, construction, automotive, lubricants, pharmaceuticals, crop protection, food safety and custom chemistry services. As of December 31, 2016, the Company and its joint ventures operated 31 production and research and development (R&D) facilities, as well as a number of administrative and sales offices, around the world.

Closing Price
$159.48
Day's Change
-3.24 (-1.99%)
Bid
--
Ask
--
B/A Size
--
Day's High
165.14
Day's Low
159.19
Volume
(Average)
Volume:
1,126,951

10-day average volume:
1,126,362
1,126,951

Global Electric Car Charger Market Report 2021, Featuring Siemens AG, Tesla Motors Inc., TurboDock, GE and Chargepoint - ResearchAndMarkets.com

6:42 am ET April 19, 2021 (BusinessWire) Print

The "Electric Car Charger Global Market Report 2021: COVID-19 Growth and Change" report has been added to ResearchAndMarkets.com's offering.

The global electric car charger market is expected to grow from $2.24 billion in 2020 to $2.96 million in 2021 at a compound annual growth rate (CAGR) of 31.97%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $10.31 billion in 2025 at a CAGR of 36.6%.

The impact of COVID-19 hampered the growth of the electric car charger market. The global automotive sector is experiencing a decline due to the lockdown in many nations, which has limited the growth of electric vehicles. For instance, in Germany, new registrations for electric cars decreased by 35% in the first quarter of 2020 compared to the same timeframe in 2019. Therefore, the outbreak of COVID-19 restrained the growth of the electric car charger market.

The increasing demand for electric vehicles owing to growing environmental awareness is expected to drive the growth of the electric car charger market over the coming years. The world is moving towards electrified transportation to reduce the emissions of pollution from non-renewable fossil fuel vehicles and to offer transport with a substitute to costly fuel. According to EV-Volumes, a database of sales statistics, charging infrastructure, batteries, car models, and sales forecasts for plug-in cars, the number of plug-in vehicles that were sold in 2020 reached 3.24 million from 2.26 million in 2019. Therefore, the increasing sales of electric vehicles drive the growth of the electric car charger market.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider electric car charger market, and compares it with other markets.

The market characteristics section of the report defines and explains the market. The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth. Market segmentations break down market into sub markets. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets. Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified. The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers. The electric car charger market section of the report gives context. It compares the electric car charger market with other segments of the electric car charger market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, electric car charger indicators comparison.

Companies Mentioned

Leviton Manufacturing Co. Inc ABB Ltd. Siemens AG Schneider Electric Corp AeroVironment Inc. Eaton Evatran LLC Tesla Motors Inc. Delphi Automotive Plc. Bosch Automotive Service Solutions Inc Elektromotive Ltd. Hubbell Device-Kellems Legrand TurboDock GE Chargepoint Blink

For more information about this report visit https://www.researchandmarkets.com/r/6k0bnc

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210419005427/en/

SOURCE: Research and Markets

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