Electric Vehicle Charging Stations Market growing At 4.96% compound annual growth rate from 2019 to 2023, according to latest report on Global Electric Vehicle Charging Stations Market 2019 Industry Size, Trends, Share Analysis With Regional Forecast To 2023, published by “Market Research Future”.
— Global Electric Vehicle Charging Stations Market segmented by charging station (AC charging station, DC charging station and inductive charging station), Connector Type (chademo, CCS and others), and Region (North America, Europe, APAC, RoW).
Global Electric Vehicle Charging Stations Market Highlights:
Electric Vehicle Charging Stations Infrastructure Leading Players Analyzed are:
ABB Ltd. (Switzerland), AeroVironment Inc. (U.S.), Elektromotive Limited (U.K.), GE Company (U.S.), and Schneider Electric SE (France). In 2016, these companies accounted for a share in the global market.
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Global Electric Vehicle Charging Stations Market growth is attributed to factors such as rapidly rising popularity of electric vehicles among consumers has significantly contributed growth of the Electric Vehicle Charging Stations market. Increasing awareness among individuals regarding the depleting state of the environment, combined with the substantial advantages of electric vehicles over traditional fuel-based vehicles is expected to further fuel the demand for electric vehicles, leading to increasing demand for Electric Vehicle Charging Stations.
Governments, across the globe, are striving to encourage the adoption of electric vehicles. Incentive programs, such as tax rebates, grants, and subsidies, have been launched to promote electric vehicles charging stations.
On the other hand, the emerging economies seeking more opportunities for electric vehicles will create ample scope for market growth. However, high prices of electric vehicles batteries and underdeveloped aftermarket services could hinder the market growth.
Battery electric vehicles are one the leading revenue generators in the global market for electric vehicles. Battery electric vehicles generally use chemical energy, which are stored in rechargeable battery packs. The BEVs use motor controllers and electric controller instead of using internal combustion engine and gets the power from battery packs. BEVs mainly include motorcycles, scooters, bicycles, cars, skateboards, rail cars, forklifts, buses, trucks and watercraft. Thus Electric Vehicle Charging Stations market will derive a major chunk of its revenue from the battery electric vehicle segment.
Market Segments Analysis:
The global Electric Vehicle Charging Stations market has been segmented on the basis of charging station as AC charging station, DC charging station and inductive charging station.
On the basis of connector type the market has been segmented as chademo, CCS and others.
On the basis of region, the market for Electric Vehicle Charging Stations has been segmented into North America, Europe, Asia Pacific, Middle East & Africa and South America.
This market for Electric Vehicle Charging Stations has seen substantial growth over the past few years and it has been experienced that the market will remain on the same growth level till forecast period. Among the regions covered, Asia Pacific has accounted the largest market, followed by Europe and North America. Major factors that have driven the electric vehicles market are rapidly increasing sales of electric vehicles, supported by government initiatives and increasing fuel prices raising the demand of electric vehicles.
The Electric Vehicle Charging Stations market is currently flourishing in North America. The massive outlay in the development of electric vehicle infrastructure in the form of recharge stations and other policies, are expected to drive the market for Electric Vehicle Charging Stations in this region. In North America, the sales of electric car have doubled since 2014, which clearly implies that the demand for Electric Vehicle Charging Stations have been rising on a rapid pace. Over the past few years, the sales of electric vehicles have doubled in the US, which means the market will generate ample revenue.
The major factors that have driven the US market are rising demand for electric cars, government initiatives and high disposable income. Europe is one of the most promising regions in the electric vehicles market. This market has achieved an ample scope due to the presence of profitable countries such as Germany, UK, France, Norway and others.
Table Of Contents:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
List Of Tables:
TABLE 1 GLOBAL ELECTRIC VEHICLE CHARGING STATIONS MARKET: BY REGION, 2018-2023
TABLE 2 NORTH AMERICA ELECTRIC VEHICLE CHARGING STATIONS MARKET: BY COUNTRY, 2018-2023
TABLE 3 EUROPE ELECTRIC VEHICLE CHARGING STATIONS MARKET: BY COUNTRY, 2018-2023
TABLE 4 ASIA PACIFIC ELECTRIC VEHICLE CHARGING STATIONS MARKET: BY COUNTRY, 2018-2023
TABLE 5 ROW ELECTRIC VEHICLE CHARGING STATIONS MARKET: BY COUNTRY, 2018-2023
List Of Figures:
FIGURE 1 RESEARCH PROCESS OF MRFR
FIGUR 2 TOP DOWN & BOTTOM UP APPROACH
FIGURE 3 MARKET DYNAMICS
FIGURE 4 IMPACT ANALYSIS: MARKET DRIVERS
FIGURE 5 IMPACT ANALYSIS: MARKET RESTRAINTS
FIGURE 6 PORTER’S FIVE FORCES ANALYSIS
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