According to Electric Vehicle Charging Stations Market 2019 Global Industry Analysis To 2023, report on “Global Electric Vehicle Charging Infrastructure/Stations Industry” published by Market Research Future, The Global Electric Vehicles Charging Stations market expected to rise at highest CAGR by 2023.
— Electric Vehicle Charging Stations Market 2019 Global Industry Analysis To 2023, report on “Global Electric Vehicle Charging Infrastructure/Stations Industry” published by Market Research Future. Global Electric Vehicle Charging Stations Market Information by charging station (AC charging station, DC charging station, inductive charging station), Connector Type (chademo, CCS and others), Region – Forecast till 2023.
Major Electric Vehicle Charging Stations Companies covered in the market report include ABB Ltd. (Switzerland), GE Company (U.S.), Schneider Electric SE (France), Elektromotive Limited (U.K.) and AeroVironment Inc. (U.S.) among others.
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Global Market Highlights:
Global Electric Vehicles Charging Stations market has seen remarkable growth; expected to rise at a notable CAGR by 2023. 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. Governments, across the globe, are striving to encourage the adoption of electric vehicle. Incentive programs, such as tax rebates, grants, and subsidies, have been launched to promote electric vehicle charging stations.
It is identified by MRFR that the increasing popularity of electric vehicles among the consumers has massively contributed to the overall growth of the Electric Vehicle Charging Stations market. Add to this, growing awareness among consumers concerning the depleting environmental condition is anticipated to act as a major growth driver of the global market. The vast pool of advantages linked with the use of electric vehicles over traditional fuel-based vehicles is projected to push the demand for electric vehicles as well. It is also noted that OEMs are now focusing upon connected electric vehicle solutions for individuals with electric vehicles range anxiety. This is also slated to accelerate the global market for Electric Vehicle Charging Stations soon. However, the high initial cost linked with electric vehicle batteries is a major constrain to the overall growth of the market.
The global Electric Vehicle Charging Stations market has fared well the past couple of years owing to the highly favorable ecosystem that complement its sustainable growth. Numerous countries around the world are taking several initiatives that motivate the general population for using electric vehicle (EVs) so the growing concerns associated with environmental pollution and global warming could be curbed. Thus, these initiatives are having a positive impact on the Electric Vehicle Charging Stations market. Case in point is the development of 48 national EV charging networks for highways in November 2017 by the US administration. The charging networks cover the total distance of approximately 25,000 miles across 35 states of the country. Furthermore, this initiative has resulted in the coming together of 28 states, EV charging firms, utilities, as well as prominent EV manufacturing companies like General Motors, BMW, and Nissan.
The global Electric Vehicle Charging Stations market segmentation is done on the basis of the following components: connector type and charging station.
By charging station, the market narrows down into DC charging station, AC charging station, and inductive charging station.
By connector, the market segments into CSS, chademo, and others.
The global market for Electric Vehicle Charging Stations is expected to ride high showcasing a substantial growth throughout the forecast period. This lavish growth pattern will be apparent in the key regions of Asia Pacific, Europe, North America and the rest of the world (RoW).
On the global platform, Asia Pacific has managed to climb to the top with the largest market, trailed by Europe and North America. The most obvious reasons backing this growth are the rapidly increasing sales of electric vehicles, strongly supported by government initiatives as well as the increasing fuel prices which are elevating the demand for electric vehicles. For instance, in September 2017, the government in Singapore had launched the first large-scale EV car sharing program called BlueSG. The program is a subsidiary of Bollore Group and is set to install at least 500 charging stations that are equipped with 2,000 charging points across the country.
North America is another region where the Electric Vehicle Charging Stations market is at presently flourishing, backed by the huge outlay in terms of the development of the electric vehicle infrastructure in the form of recharge stations along with various other policies. The region has noted a considerable increase in the sales of electric cars since 2014, evidently implying the rise in the demand for Electric Vehicle Charging Stations in the region. Besides, the sale of the electric vehicles has doubled in the United States (US), aiding the market in generating abundant revenue.
The regional market has managed to attain a large scope in the global industry owing to the presence of bankable nations like UK, Germany, Norway, France, among others. Also, the regional Electric Vehicle Charging Stations market is also driven by increasing investments for the installation of Electric Vehicle Charging Stations.
Table Of Contents
1.2 Scope Of Study
1.3 Research Objective
1.4 Assumptions & Limitations
1.5 Market Structure:
2 Research Vehicle Typology
2.1 Research Process
2.2 Primary Research
2.3 Secondary Research
3 Market Dynamics
3.5 Macroeconomic Indicators
4 Market Factor Analysis
4.1 Porter’s Five Forces Model
4.1.1 Bargaining Power Of Suppliers
4.1.2 Bargaining Power Of Customer
4.1.3 Intensity Of Competitor’s
4.1.4 Threat Of New Entrants
5 Electric Vehicle Charging Stations, By Charging Station
5.1.1 AC Charging Station
5.1.2 DC Charging Station
5.1.3 Inductive Charging Station
6 Electric Vehicle Charging Stations, By Connector Type
List of Tables:
TABLE 1 GLOBAL ELECTRIC VEHICLES CHARGING STATIONS MARKET, BY charging station, 2015-2023 (USD MILLION) 30
TABLE 2 GLOBAL ELECTRIC VEHICLES CHARGING STATIONS MARKET, BY Connector Type, 2015-2023 (USD MILLION) 33
TABLE 3 GLOBAL ELECTRIC VEHICLES CHARGING STATIONS MARKET, BY REGION, 2015-2023 (USD MILLION) 40
List of Figures:
FIGURE 1 RESEARCH PROCESS OF MRFR 16
FIGURE 2 TOP DOWN & BOTTOM UP APPROACH 18
FIGURE 3 IMPACT ANALYSIS: MARKET DRIVERS 20
FIGURE 4 SALES OF NEW VEHICLE, 2013-2016 21
FIGURE 5 IMPACT ANALYSIS: MARKET RESTRAINTS 22
FIGURE 6 PORTER’S FIVE FORCES ANALYSIS 24
FIGURE 7 VALUE CHAIN ANALYSIS 26
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