- 7 October 2019 21:07
Electric Vehicle Charging Station Market Growing at CAGR 40.5%
Technology has found the answer to yet another topical problem in the automobile sector - high level of greenhouse gas emissions from automobiles contributing to global warming and climate change. With rapid technological advancements, battery powered vehicles are now a reality. With the introduction of electrically powered vehicles, new avenues have opened up for charging stations. The innovation in automobiles inventing high power electric vehicles are the biggest booster for growth in the global electric vehicle charging station market. Government policies supporting purchase of electric vehicles, push from world level organizations in reducing carbon footprint, and collective efforts to identify alternative sources of fuel are pushing growth in the global electric vehicle charging station market.
In the last few years, the demand for electric vehicle charging stations has accelerated in response to the increased sales of electric vehicles (EV). Besides the growing awareness about benefits these vehicles provide, the market is gaining from favorable government policies. For instance, governments have introduced various subsidies to promote the sales of electric vehicles. These may include road tax exemption. Also manufacturers are working on lowering their production cost to offer advanced models of electric vehicles under a reasonable price tag. While these strategies are aimed towards promoting EV sales, the electric vehicle charging station market will as well gain from them.
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Companies Mentioned in the Report
AeroVironment, Inc., Bosch Automotive Service Solutions Inc., ChargePoint, Inc., ClipperCreek, Inc., Delta Group, Eaton Plc, Enel Group, E-Station Pty Ltd., General Electric Co., Hitachi, Ltd., KYOCERA Corp., Leviton Manufacturing Co., Inc., Nichicon Corp., Panasonic Corp., Schneider Electric SE, SemaConnect, Inc., Siemens AG, Signet Systems Inc., Tesla Motors, Inc., Toyota Industries Corp. are some of the major players operating within the global electric vehicle charging station market profiled in this study. Details such as financials, SWOT analysis, business strategies, recent developments, and other such strategic information pertaining to these players have been duly provided as part of company profiling.
The electric vehicle charging station market report provides analysis for the period 2015–2025, wherein the period from 2019 to 2026 is the forecast period and 2018 is the base year. The report covers all the major trends and technologies playing a key role in electric vehicle charging station market growth over the forecast period. It also highlights the drivers, restraints, and opportunities expected to influence market’s growth during the said period. The study provides a holistic perspective on the electric vehicle charging station market’s growth throughout the above mentioned forecast period in terms of revenue and volume (in US$ Mn and Thousand units), across different geographies, including Asia Pacific, South America, North America, Europe, and Middle East & Africa (MEA).
The report also highlights the competitive landscape of the electric vehicle charging station market, thereby positioning all the major players according to their geographic presence and recent key developments. The comprehensive electric vehicle charging station market estimates are the result of our in-depth secondary research, primary interviews, and in-house expert panel reviews. These market estimates have been analyzed by taking into account the impact of different political, social, economic, technological, and legal factors along with the current market dynamics affecting the electric vehicle charging station market’s growth.
Scope of the Report
The market overview section of the report demonstrates the market dynamics and trends, such as the drivers, restraints, and opportunities that influence the current nature and future status of this market. An attractiveness analysis has also been provided for every geographic region in the report, in order to give a thorough analysis of the overall competitive scenario of the w electric vehicle charging station market, globally. Moreover, the report provides an overview of the various strategies of key players present in the market. Product definition and introduction chapter helps in understanding different technologies of electric vehicle charging station along with their applications which are included in the report.
By Charger: AC Charging Station, DC Charging Station
By End User: Private, Public
By Power Output: <11 kW, 11kW-50 kW, >50 kW
By Supplier: OE Charging Station, Private Charging Station
By Geography: North America, Europe, Asia-Pacific, Rest of the World