Electric vehicle Charging Stations Market To Expand Rapidly As rising popularity of electric vehicles among consumers has significantly contributed growth of the market from 2019 to 2023. The report also gives a broad study of the different market segments and regions.
— The report gives the clear picture of current scenario which includes historical and projected Electric vehicle Charging Station market size, Share, industry growth, trends in terms of value and volume, technological advancement, macro economical and governing factors in the market.
Report analyzes by Electric vehicle Charging Infrastructure by charging station (AC charging station, DC charging station and inductive charging station), Connector Type (chademo, CCS and others), and by Regions.
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Electric vehicle Charging Station Infrastructure Key Players Studied In Report:
Bosch Automotive Service Solutions (Germany), Bollor Group (France), Chargemaster Plc. (UK), Delphi Automotive (UK), ABB Ltd (Switzerland), General Electric Company (US), Tesla Motors Inc. (U.S.), Siemens AG (Germany), Eaton Corporation (Ireland), and Schneider Electric (France).
With the global economy growing extraordinarily, major emerging countries such as China, India, Thailand, and Indonesia, are becoming manufacturing hubs for global automotive players. As a result of increasing prosperity in the emerging economies, more and more people are able to afford their own cars, particularly in emerging Asian economies such as China and India. In order to tap these rising consumer automobile preferences, leading global automotive players such as Volkswagen, BMW, Toyota, and Ford are entering into new emerging markets for business expansion. As the global auto-manufacturers continue to expand into growing and emerging markets, the demand for electric vehicles will also rise.
Electric vehicles offer great potential to dramatically reduce local air pollution, greenhouse gas emissions and resulting climate change impacts, and oil use from the transport sector. With electric vehicle costs steadily falling, the transition continues to become more feasible. This potential is enabled and made compelling by the ubiquity of electricity and the growing availability of low-carbon, renewable energy sources. 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.
The global electric vehicle charging station 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 adaptive front light has been segmented as North America, Europe, Asia Pacific, Middle East & Africa and South America.
This market for electric vehicle charging station 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 station 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.
Electric vehicle Charging Station manufacturers
Electric vehicle Charging Station Suppliers
Research and Development (R&D) Companies
Major Table Of Content:
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Study
2.1.2 Research Objective
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter s Five Forces Analysis
4 Global Electric Vehicle Charging Station Market, By Charging Type
4.2 AC Charging
4.3 DC Charging
5 Global Electric Vehicle Charging Station Market, By Connector
5.3 Combined Charging System
6 Global Electric Vehicle Charging Station Market, By Application
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