The electric Vehicle Charging Station Market has assumed growth of USD 155.49 Billion by 2030. As per the market research report, it has an expected CAGR rate of 41.79% during the forecast period of 2030.
The market has gone through issues like supply chain disruptions,
lack of raw materials, reduction in product sales and many more. Well, still,
the market has shone and got back its position. The adoption of electric
vehicles is increasing in countries like Australia, Canada, India, and Germany.
There is a sudden rise in the market of electric vehicles
globally. There are lots of major drivers of the market that fuel up the
growth. The initiatives taken toward electric vehicles, environmental issues,
and government policies are significantly increasing the demand for the
electric vehicle charging stations market. Because of the high price of petrol,
people are adopting this vehicle. By considering this craze, even the
manufacturers are developing electric vehicles which have better and longer
battery life. Due to the covid 19 outbreak, the market has gone through a loo.
The automotive market is also affected like the other industries.
In most countries, the government collects funds for developing
electric charging infrastructure installations. The major drivers of the market
are government subsidies, rebates, tax exemptions, and fixed quotas. The
electric vehicle charging station requirement is increasing to run the vehicles
smoothly. But at the same time, some restraints like the increasing cost of
level 3 charger, affect the market. Even the governments try to make awareness
of electric vehicles lower pollution. The major countries like India and USA
are taking initiatives towards it!
Key Players
- Siemens
- Schneider
Electric
- ABB
- Tesla
- Eaton
- EVgo
Services LLC
- ChargePoint
Inc.
- Leviton
Manufacturing Co. Inc.
- The
New Motion B.V.
- Webasto
Group
Regional analysis:
The global market is also segmented into the regions Europe,
Asia-Pacific, North America, and the Rest of the world. Among all of them, the
Asia-Pacific dominates the market. Among all of them, Asia-Pacific dominates
the global market, and that is followed by Japan, China, India, and Singapore.
After that, North America is expected to hold the largest share in the upcoming
period.
Industry News
In the year 2020, the biggest platform, BYD, launched a mobile
charging service for consumers to charge their EVs in emergency conditions. In
the year 2020, ABB, the platform of the Netherlands, started the construction
of EV
chargers.
Segmentation
By Charging Station
- Ac
Charging Station
- Dc
Charging Station
- Inductive
Charging Station
By Connector Type
- Ch
Ade Mo
- Combined
Charging System
- Others
By Installation Type
- Residential
- Commercial
By Vehicle Type
- Battery
Electric Vehicle (Bev)
- Plug
In Hybrid Vehicle (Phev)
Segmentation
By Charging Station
- Ac
Charging Station
- Dc
Charging Station
- Inductive
Charging Station
By Connector Type
- Ch
Ade Mo
- Combined
Charging System
- Others
By Installation Type
- Residential
- Commercial
By Vehicle Type
- Battery
Electric Vehicle (Bev)
- Plug
In Hybrid Vehicle (Phev)
Read more:
aftermarket
automotive electronics
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