The global electric vehicle (EV) fast-charging system market is projected to reach $10.82 billion in terms of revenue by 2031 at a CAGR of 16.56%, reveals the premium market intelligence study by BIS Research.
The EV fast-charging system market is getting traction around the world owing to reducing the charging time. Increased research and development activities are underway to develop EV fast-charging system-based products, which are anticipated to propel the market.
Increasing investments in the R&D of EV fast-charging systems is one of the major opportunities in the Global EV Fast Charging System Market. Additionally, the EV fast-charging system market is in a growth phase in some regions and in the introduction phase in others.
The detailed study is a compilation of 173 market data tables and 37 figures spread through 249 pages and in-depth TOC on “Global EV Fast Charging System Market – Analysis and Forecast, 2021-2031”
USP of the Report
This extensive report can help with:
Analyst’s Take on the Market:
According to Ayan Bandopadhyay, Lead Analyst, BIS Research, “EV fast-charging system market is in a growing phase, and we have witnessed tremendous growth in this market. This growth is expected to shape the market in the upcoming years. Manufacturers are focusing on key development activities such as product launches, collaborations, and expansions which will have an optimistic impact on the market. Constantly evolving business models offered by manufacturers are propelling the market growth. There are many start-ups coming into the market and making their mark. Manufacturers who use a diversity of corporate and business strategies may gain more benefits in the market. Advancement in technologies with newly upgraded fast charging system offered by manufacturers anticipated to spur the EV fast-charging system market”.
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Key Companies Operating in the Market and Competition Landscape
The companies that are profiled have been selected based on inputs gathered from primary experts and analyzing company coverage, product portfolio, and market penetration.
The top segment players which are leading include EV fast-charging system-based Chinese players in the market capturing around 57% of the market share. Whereas Non-Chinese players in the market capture around 43% of the market share in the global EV fast-charging system market.
Some of the prominent names established in this market are:
ABB, Blink Charging Co., Delta Electronics, Inc., Tritium Pty Ltd, Proterra Inc., Star Charge, ShenZhen SETEC Power Co., Ltd., and more.
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