Electric Vehicle Charging Stations Market Forecasting CAGR of 40.80% from 2018 to 2024 by Key Players Analysis Siemens, Efacec, EVgo, Leviton, Alfen, Allego, SemaConnect, TGOOD Global, ABB, AeroVironment, ChargePoint, Schneider Electric, Chargemaster Plc,
The report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the Market.
Electric Vehicle Charging Stations Market report includes historic data, present market trends, environment, technological innovation, upcoming technologies and the technical progress in the related industry.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
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Major Market Competitors/Players:
• Blink Charging
• ABB Group
• AeroVironment, Inc.
• Elektromotive Limited
• ChargePoint, Inc.
• Schneider Electric SE
• Chargemaster Plc
• Eaton Corporation
• Siemens AG
• SemaConnect, Inc.
• ClipperCreek, Inc.
• Tesla Motors, Inc.
• Delphi Automotive LLP
• General Electric
• Leviton Manufacturing Co., Inc.
• Among others
The Global Electric Vehicle Charging Stations Market is expected to reach USD 49.74 billion by 2025, from USD 3.22 billion in 2017 growing at a CAGR of 40.80% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Global Electric Vehicle Charging Stations Market, By Vehicle Type (Battery Electric Vehicle, Plug–In Hybrid Vehicle), By Charging Station(AC Charging Station, DC Charging Station, Inductive Charging Station—An Upcoming Technology), By Installation Type (Residential, Commercial), By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2025
Electric vehicles (EVs) use electric motors powered by electrical energy stored in a battery for propulsion. Various models of these types of vehicles are available in the market with variable choices and competences. To recharge their battery, they are plugged in to a source of electrical power. The trends related to the EV technology are evolving. There are number of fundamental EV design ideas that actually precede gasoline internal ignition engines.
To charge the electric vehicles they are connected to an electric vehicle charging equipment which are also called as electric vehicle supply equipment (EVSE). These are the defensive system which connects with the vehicle and screens electrical activity to ensure safe charging. There are two types of charging stations; AC charging station and DC charging station which can be installed both residentially as well as commercially according to the necessities.
Automotive industry standards classify the charging stations into three levels based on charging power and methods that are AC Level 1, AC Level 2, and DC Fast Charge.
According to the news published by The Economics Times, in April 2016, for setting up charging stations for electric vehicles, the people would not need to have a separate licence under the Electricity Act of 2003, the government of India has said they would give a big boost to ambitious EV plans.
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The global electric vehicle charging stations market is segmented based on vehicle type, charging station, installation type, and geographical segments.
Based on vehicle type, the market is segmented into battery electric vehicle (BEV) and plug-in hybrid electric vehicle (PHEV).
On the basis of charging station, the market is classified into AC charging station and DC charging station.
On the basis of installation type, the market is segmented into residential and commercial.
Based on geography, the market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific and, Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and Brazil among others.
Opportunities in the market
1. To describe and forecast the Electric Vehicle Charging Stations Market, in terms of value, for various segments, by region North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
2. The key findings and recommendations highlight crucial progressive industry trends in the Electric Vehicle Charging Stations Market, thereby allowing players to develop effective long term strategies
3. To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies, and detail the competitive landscape for market leaders
4. Extensive analysis of the key segments of Electric Vehicle Charging Stations industry helps in understanding the trends in types of Electric Vehicle Charging Stations Market across Global.
5. To get a comprehensive overview of the Electric Vehicle Charging Stations Market.
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