35.54% CAGR growth by 2023 in Electric Vehicles Charging Stations Market| Key Vendors - GENERAL ELECTRIC COMPANY, SCHNEIDER ELECTRIC SE, DELPHI AUTOMOTIVE, EATON CORPORATION, SIEMENS AG, TESLA MOTORS INC., CHARGEMASTER PLC, amongst others.

Market Analysis:

Asia-Pacific to Dominate the Market

Asia-Pacific has the largest share. The Asia-Pacific sub-segment is dominated by China, followed by Japan. China remains number one in the market for plug-in vehicles and therefore, requires the maximum number of charging stations.

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The growing concern of people towards environmental pollution has led them to switch to environment-friendly alternatives for fossil fuel-based vehicles, such as electric and hybrid vehicles. Low maintenance and operation cost features are further attracting more consumers towards electric vehicles, which, in turn, is boosting the demand for electric vehicle charging stations. Due to a decline in the prices of batteries and government incentives, the adoption of electric vehicles (EV) is increasing, thereby driving the growth of the electric vehicles charging stations market. A major restraint to the market is the lack of a sustainable business and financing model. Consumers are wary of using electric vehicles because of the limited range they offer.

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Market Segments:
Electric Vehicles Charging Stations Market is segmented by:
1. Type of Charger: AC Charging Station, DC Charging Station
2. Application: Public, Private
3. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

Key Developments in the Market:
• April 2017- YPF, the state-owned oil company of Argentina, reported that it would install 220 fast-load stations for electric vehicles in 110 of its service stations in the national territory.
• May 2017: Germany, the largest market for passenger cars, plans to pump USD 240 million into battery research and boost home production of the same.

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