Global Electric Vehicles Charging Stations Market - Overview
Market Research Future (MRFR), in its report on the global electric vehicle market 2020, reveals different factors governing the market dynamics. MRFR also studied COVID 19 outbreak impact on the electric vehicle charging station market and provides possible solutions to surfacing threats on the market due to the pandemic. As per MRFR analysis, the electric vehicle charging market is likely to rise at above 30% CAGR across the assessment period.
The increase in the production capacity and sales of electric vehicles can impel the expansion of the electric vehicle charging market in the assessment period. The increase in the availability of electric trucks and cars, along with growing strictness of government norms regarding vehicles emissions can boost the expansion of the electric vehicle charging market through the review period. The increase in demand for clean energy and high focus on the generation of renewable forms of energy can promote the expansion of the electric vehicle charging market in the review period.
In addition, government relaxation on taxes levied on electric vehicles producers can support the expansion of the electric vehicle charging market through the assessment period. On the contrary, challenges associated with installation cost, slow charging time, and the non-availability of public charging stations can restrain the rise of the electric vehicle charging station market in the years ahead.
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Key Players
ABB Ltd (Switzerland), Bosch Automotive Service Solutions (Germany), Chargemaster (UK), Bolloré Group (France), Delphi Automotive (UK), Eaton Corporation (Ireland), Tesla Motors Inc (US), Siemens AG (Germany), and General Electric Company (US), and Schneider Electric (France) among others.
Electric Vehicles Charging Stations Market - Competitive Analysis
Electric Vehicles Charging Stations market appears to be competitive with the presence of several large and small players operating in the Electric Vehicles Charging Stations Market. These Key players compete based upon pricing, quality, Technology and reputation. Electric Vehicles Charging Stations market demonstrates a high growth potential which is likely to attract many entrants to the market resulting in to intensified competition further. The report also considers key trends that will impact the industry and profiles of leading suppliers of Electric Vehicles Charging Stations market. Some of the top companies mentioned in the report are Bosch Automotive Service Solutions (Germany), Bolloré Group (France), Chargemaster Plc. (UK), Delphi Automotive (UK), ABB Ltd (Switzerland), General Electric Company (US), Tesla Motors Inc. (U.S.), Siemens AG (Germany), Eaton Corporation (Ireland), and Schneider Electric (France). Moreover, manufacturers mainly ensure to deliver the best quality products based on innovative technologies, and best practices.
Industry/ Innovation/ Related News:
October 18th, 2017: ABB plans 4,500 EV Charging Stations across India
June 27, 2017 : ChargePoint, Inc. the world’s largest electric vehicle (EV) charging network, announced that it has acquired GE’s EV charging network which adds more than 1,800 commercial and about 8,000 residential charging spots to its network.
Electric Vehicles Charging Stations Market - Segments:
Global Electric Vehicles Charging Stations Market is segmented in to 4 Key dynamics for an easy grasp and enhanced understanding.
Segmentation by Charging Type: AC Charging and DC Charging
Segmentation by Connector: CHAdeMO, Combined Charging System and Others
Segmentation by Application: Residential and Commercial
Segmentation by Regions: Comprises regions - North America, Europe, APAC and Rest of the World.
Electric Vehicles Charging Stations Market - Regional Analysis
Asia Pacific expected to be the largest market for electric vehicle charging stations during the forecast period. Asia Pacific is a lucrative market with high growth potential owing to the rapidly increasing numbers of electric vehicles in countries such as China and Japan. In the past few years, China has witnessed growth in both electric vehicles and their charging infrastructure. Moreover, Japan is referred as growth region for the EV charging stations and recently passed a key milestone by having more EV charging stations than petrol stations. Further, governments in the region are investing a large amount for the R&D related to EVs and the expansion of the charging infrastructure. Furthermore, companies are working towards upgrading Electric Vehicle Supply Equipment (EVSE) to make them more convenient.
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