Market Size – USD 3.64 billion in 2019, Market Growth – CAGR of 38.6%, Market trends – Growing demand from the Asia Pacific region.
The research methodologies used for evaluating the Electric Vehicle Charging Infrastructure market are inventive and also provides enough evidence on the demand and supply status, production capability, import and export, supply chain management and investment feasibility.
The pressing environmental concerns comprising traffic congestion and pollution in the Asia Pacific region has led to a greater emphasis on the sale of electric vehicles with 56.0% of the sales coming from East Asia and 37.0% of Southeast Asia ready to buy an electric vehicle. The Asia Pacific region held a significant market share of electric vehicle charging stations in the year 2019 and is likely to witness a healthy growth rate of 39.6% in the forecast period.
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However, the high cost required in the initial investment, overhaul, and maintenance is hindering the market’s development. The dramatic reduction in local air pollution, greenhouse gas emissions and resulting climate change impacts, and less oil usage from the transport sector due to the usage of electric vehicles promise a breakthrough in the future transportation sector. Electric vehicles save more greenhouse gas emissions compared to ICE vehicles having akin features. This is attributed to the higher fuel economy fine associated with the heavier weight of ICE vehicles as compared with electric vehicles.
Regional Scope- North America; Europe; Asia Pacific; Central & South America; MEA
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Key participants include Chargepoint, Inc., ABB Ltd., Tesla Inc., BP Chargemaster, EVGO Services LLC, Semaconnect Network, Greenlots, and EV Connect, Electrify America LLC, and Opconnect Inc., among others.
Infrastructure Provider Outlook (Revenue, USD Billion; 2017-2027)
Charging Point Operator
E-Mobility Service Provider
Charging Hubs
Charging Infrastructure Type Outlook (Revenue, USD Billion; 2017-2027)
CCS
CHADEMO
Normal Charging
Tesla Supercharger
TYPE-2 (IEC 62196)
Charging Level Outlook (Revenue, USD Billion; 2017-2027)
Level 1 (120 V)
Level 2 (208 V – 240 V)
Level 3 (UPTO 600 V)
Vehicle Type Outlook (Revenue, USD Billion; 2017-2027)
Electric bike
Plug-in hybrid PHEV
EV passenger cars
Heavy delivery vans
Others
Installation Type Outlook (Revenue, USD Billion; 2017-2027)
Portable Charger
Fixed Charger
Application Outlook (Revenue, USD Billion; 2017-2027)
Public
Private
Helping you establish a strong foothold in the industry
The Electric Vehicle Charging Infrastructure report highlights set of information related to pricing and the category of customers who are more than willing to pay for certain products and services. The information on opportunities as well as product features, determine which offerings or benefits command sale and identify the communications channels used by the market leaders to create premium positioning strategies as well as attract broadest share.
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The research provides answers to the following key questions:
What is the estimated size of the Electric Vehicle Charging Infrastructure market for the forecast period, 2020 – 2027? What will be the growth rate of the industry during the estimated period?
What are the prominent driving forces likely to impact the progress of the industry across different regions?
Who are the major market players occupying a strong foothold in the Electric Vehicle Charging Infrastructure market? What are the winning strategies adopted by them to stay ahead in the competition?
What are the potential opportunities for the Electric Vehicle Charging Infrastructure market for the forecast period, 2020 – 2027?
What are the key trends expected to shape the development of the industry over the coming years?
What are the key restraints and challenges likely to hinder the growth of the Electric Vehicle Charging Infrastructure market worldwide?
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