Electric Vehicle Charging Stations Market to grow at a significant CAGR between 2018 and 2023Vehicle Charging Stations Market- Forecasts From 2018 to 2023” studies the various factors affecting the demand for Electric Vehicle Charging Stations across the globe. The report has been segmented by type (battery electric vehicles, plug-in hybrid electric vehicles), and application (public, private).
Growing adoption of electric vehicles worldwide is the major driver of the electric vehicle charging stations market. Rising environmental concerns, supporting government policies and initiatives to boost the adoption of electric vehicles across different regions is significantly augmenting the demand for electric vehicle charging stations. Rising investments, both public and private, in developing electric vehicle charging infrastructure is also projected to bolster the growth of electric vehicle charging stations market during the forecast period.
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Battery Electric Vehicle (BEVs) segment dominates type of electric vehicle segment during the forecast period
Battery Electric Vehicle Charging Stations market holds the major share owing to the rising awareness about this type of EV which is suitable for short-range driving, supported by declining battery prices. Favourable government policies are also contributing to the growth of BEVs charging stations market.
North America leading the global Electric Vehicle Charging Stations market
Geographically, Electric Vehicle Charging Stations market is segmented into North America, South America, Europe, Middle East, Africa, and the Asia Pacific. North America holds the major market share owing to high investment by government as well as private players to develop an electric vehicle charging station market. According to the U.S. DOE’s Office of Energy Efficiency & Renewable Energy report, one-third of U.S. states have more than 1,000 charging stations, with California, Texas, and Florida leading the way.
This report also includes a study of strategies and product portfolios of some of the leading companies in the Electric Vehicle Charging Stations market. It consists of company profiles of the leading companies- ABB Ltd, Hong Kong EV Power, General Electric, and Delphi Automotive among others.
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