The latest industry analysis research report onEV Charger Service Market provides a detailed competitive scenario and the product portfolio of key vendors like BMW, Bosch, ChargePoint maintain a strategic focus on mainly the North America and Europe market. With the rising awareness, there has been a growth in the demand for the EV Charger Service market in Automotives Sector. According to the research analysis Market was valued at USD XX.XX Billion in 2019 and is expected to reach USD 10.67 billion by year 2023, at a CAGR of 26.74%.
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About EV Charger ServiceAn electric vehicle (EV) charger supplies the electricity required to recharge batteries in pure EVs and plug-in hybrid vehicles (PHEVs).
The range anxiety among the end-users is one of the primary factors that will trigger the EV charger service market growth in the coming years. While the popularity of EVs has been increasing year-over-year since 2014, consumers still have a psychological fear of “range anxiety,” as drivers fear getting stranded due to insufficient charge in the battery. To overcome this, government bodies and the OEMs are focusing on improving EV charger infrastructure. As a result, OEMs and EV charger service providers are spending significantly on the infrastructural development of the EV charger services. OEMs and EV charger service providers are also installing fast-charging stations to create a positive environment and reduce range anxiety of customers.
The growth in DC fast charging stations is one of the major emerging EV charger service market trends. DC fast charging stations surpass Level 1 and Level 2 charging stations and can fully charge EVs within 20 minutes. The electric output range of DC fast charging station varies between 50kW-120kW. Most modern EVs have the capability to be equipped with DC quick charge, which also helps in reducing range anxiety of customers.
Industry analysts forecast the global EV charger service Market to grow at a CAGR of 26.74% during the period 2019-2023.
EV Charger Service MarketTrend, Challengeand Driver: –
Market driver
Market challenge
Market trend
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A research methodology is based on extensive primary and secondary research. Primary research includes in-depth interviews with industry experts, vendors, resellers and customers. Secondary research includes Platform, industry publications, company reports, news articles, analyst reports, trade associations and the data published by Government agencies.
Key vendors operating in EV Charger Service market space are-
Geographically, the report splits global into the Americas, APAC, EMEA regions. The global and regional EV Charger Service market dynamics are carefully studied and explained which helps to understand evolving market trends, drivers, opportunities, and challenges for the global EV Charger Service market.
Global EV Charger Service Market2019 Answers the following Key Questions.
This report provides newbusiness dimensionswith an eye ongrowth opportunitiesand contribution of upcomingmarket segments.
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Table of Contents included in EV Charger Service Market 2019 Report –
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by end-user industry
PART 07: Market segmentation by application
PART 08: Geographical Segmentation
PART 09: A Decision framework
PART 10: Impact of drivers and challengesAnd Many More Parts Covered.
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Press Release Distributed by The Express Wire
To view the original version on The Express Wire visit EV Charger Service Market: Business Development Opportunities For New Entrants in Automotives sector