Global Electric Vehicle (EV) Charging Station Market Opportunities, Analysis and Forecast Assessment by 2025 – Schneider Electric SE, General Electric Company, ABB Group, Engie SA, and Eaton Corporation PLC.
The market overview section of the report demonstrates market dynamics such as drivers and restraints that talks about the current nature and future scenario of the global elec vehicle (EV) charging station market, key market indicators, and raw material analysis. Further, key market indicators included in the report provide the significant factors which are capable to define the market position of global electric vehicle (EV) charging station market. Furthermore, various analysis methods like Porter’s, Pestle are also included in the report to provide an in-depth view of the market scenario.
Increasing supportive initiatives by the government to accelerate the growth of the EV and EV charging station market is driving the electric vehicle (EV) charging station market
Electric vehicles provide great potential to radically reduce local air pollution, greenhouse gas emissions, resulting climate change impacts, and oil use from the transport sector. With the steady decrease in the price of electric vehicles, the transition seems to become more feasible. This potential is facilitated and made compelling by the ubiquity of electricity and the emerging availability of low-carbon, renewable energy sources.
Governmental support policies are one of the possibilities to overcome the challenges of an emerging market. There is a wide array of policy implemented by government to support the introduction of EVs and charging infrastructure. For instance, the Indian government under the Ministry of Heavy Industries and Public Enterprises has launched the FAME scheme (Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India) in 2015 under the National Electric Mobility Mission Plan 2020 (NEMMP 2020), to promote faster transformation from Internal Combustion Engines (ICE) to EVs. Governments at the local, regional, and even national levels all around the world have used various strategies to promote public as well as private charging infrastructure. Successful programs have evidently engaged many stakeholders through integration of driver feedback on charger deployment, distribution of funding to local governments, creation of public-private partnerships, implementation of smart charging systems, and consultation with electric utilities. In order to address the shifting needs in this growing market, governments are creating and funding programs that target challenging market segments, such as curbside multi-unit dwellings, charging stations, and intercity fast charging.
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Scope of the Report
On the basis of the type of product type, the market is segmented into AC EV charging station, & DC EV charging station. Based on the AC EV charging station, the market is segmented into Level 1 & Level 2. On the basis of DC EV charging station, the market is segmented into CHAmeDO, Combiner charging station, and Others. On the basis of Installation type, the market is segmented into Residential and Commercial. Further, the market is bifurcated, on the basis of Supplier type into Private charging station, and OE charging station. Finally, the report covers the analysis of these segments across North America, Europe, Asia Pacific, Middle East & Africa and Latin America along with the qualitative analysis for market estimates that boosts the growth of the global electric vehicle (EV) charging station market during the forecast period.
The report also highlights the competitive landscape of the global electric vehicle (EV) charging station market that includes the company overview, products & offerings, strategic decisions taken by the company, launch of new products, technology landscape, and financial highlights.
Extensive secondary research was conducted using paid data sources including Bloomberg, Factiva, Capital IQ, OneSource, and Hoovers. Additionally, several publicly-available data sources were used including journals, statistics articles, and industry associations. These data sources were used to gather relevant information to develop an understanding of the global electric vehicle (EV) charging station market. The research was conducted covering the desk research and primary research. Data sources used for primary research included online forums and blogs, CATI/CAWI, CAPI interviews, and video conferences. Additionally, interviews were conducted through connecting with various industry respondents including C-level executives, directors, divisional heads, regional heads, expert consultants, and independent consultants. The primary research was conducted to gain market insights from industry respondents and validate the gathered information through desk research.
The Global Electric Vehicle (EV) Charging Station Market is dominated by a number of players, amongst them, the major players are Schneider Electric SE, General Electric Company, ABB Group, Engie SA, and Eaton Corporation PLC. Companies in this industry are following different strategies to strengthen their market position. The manufacturing companies are expected to increase spending on the development of new and innovative products electric vehicle (EV) charging station. As a result, the companies are likely to collaborate with buyers located in the personal care industry for research & development.
Market Segmentation: Global Electric Vehicle (EV) Charging Station Market
By Product Type
• AC EV charging station
• DC EV charging station
By AC EV charging station
• Level 1
• Level 2
By DC EV charging station
• Combiner charging station
By installation Type
By Supplier Type
• Private charging station
• OE charging station
• North America
• Asia Pacific
• Latin America
• Middle East & Africa
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