The global electric vehicle charging infrastructure (EVCI) market size is expected to reach USD 65.8 billion by 2027 registering at a CAGR of 32.6% during forecast period 2020 to 2027.
Growing sales of EVs due to government initiatives and support, in terms of tax credits and lucrative subsidies, is expected to drive the global market over the forecast period. Lower operating and maintenance cost and rising consumer awareness regarding the environmental benefits are further encouraging consumers to use EVs, which is also contributing to the demand, thereby boosting the global market.
Moreover, major automotive manufacturers are heavily investing in the development of EV charging stations and new technologies, such as lithium-ion batteries, ultra-fast DC charging networks, autonomous park-and-charge, and wireless charging, to boost the EV sales. For instance, Volkswagen Group is working on the development of V-Charge, an EU research project focusing on automating the parking and charging of EVs. V-Charge completely automates the process of identifying a parking spot and charging using a network of multiple sensory devices, including wide-angle cameras, digital maps, 3D cameras, ultrasound sensors, and the ‘Car2X’ technology for the vehicles to communicate with the charging infrastructure.
To control the increasing levels of carbon emission in the environment, governments and vehicle manufacturers are promoting the adoption of EVs. In 2016, the European Commission approved new rules (National Emissions Ceilings (NEC) Directive) for its member states to reduce the air pollution levels. In addition, EVs also offer enhanced safety to commuters as they do not contain highly flammable fuels, which minimizes the probability of death due to fire in case of accident.
The emergence of self-driving vehicles and rising popularity of shared mobility are also anticipated to have a significant impact on the global EV sales. Growth of ride-hailing and ridesharing services will enable increased vehicle utilization, which, in turn will provide economical transportation facility to commuters. Furthermore, growing popularity of Mobility-as-a-Service (MaaS) model is also anticipated to lead to increased adoption of EVs.
The Electric Vehicle Charging Infrastructure market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Electric Vehicle Charging Infrastructure market for the base year 2019 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Electric Vehicle Charging Infrastructure market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Electric Vehicle Charging Infrastructure market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Electric Vehicle Charging Infrastructure market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Electric Vehicle Charging Infrastructure market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Electric Vehicle Charging Infrastructure market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Electric Vehicle Charging Infrastructure industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Electric Vehicle Charging Infrastructure market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Electric Vehicle Charging Infrastructure market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Electric Vehicle Charging Infrastructure market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Electric Vehicle Charging Infrastructure market. These factors have benefited the growth of the global market for Electric Vehicle Charging Infrastructure. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Electric Vehicle Charging Infrastructure. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
Key companies in the market include AeroVironment, Inc.; ABB Ltd.; ChargePoint, Inc.; Chargemaster PLC; ClipperCreek, Inc.; Eaton Corporation; General Electric Company; Leviton Manufacturing Co., Inc.; SemaConnect, Inc.; Schneider Electric SE; Siemens AG; Tesla, Inc.; and Webasto SE.
Charger Type Outlook
In this study, the years considered to estimate the market size of Electric Vehicle Charging Infrastructure are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
Primary research represents a bulk of research efforts, supplemented by extensive secondary research. Annual reports, press releases, and relevant documents of key players operating in various application areas have been reviewed for competition analysis and market understanding.
Secondary research also includes recent trends, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. These have proved to be reliable, effective, and successful approaches for obtaining precise market data, capturing market participants’ insights, and recognizing business opportunities.
The study objectives of this report are:
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