Press release
APAC Electric Charging Station Market Seeking Growth from Emerging Study Drivers, Restraints and Forecast 2026
APAC Electric Charging Station Market
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Market Dynamics
Use of electric vehicles is a major step towards reducing environmental hazards caused due to air pollution. Electric vehicles does not emit any hazardous gases that are responsible for air pollution. Due to this reason, many governments and environmental organizations are supporting growth of the electric vehicle market. For instance, according to the Government of India, electric vehicles are being taxed at 12%, as compared to 28% that petrol and diesel vehicles are subjected to.
Increasing demand for electric vehicles is expected to aid in growth of the APAC electric charging station market
Increasing air pollution is one of the hazardous problems faced by Asia Pacific region, wherein vehicles are a major factor contributing to air pollution. Replacing conventional fuel-based vehicles with new generation electric vehicle is an important step towards air pollution control, as electric vehicles does not emit any polluting gases. Increasing number of electric vehicles results in rising demand for electric power stations.
Considering the environmental and economic benefits of electric vehicle and charging stations, governments are introducing new policies to boost the market growth. The Government of India introduced schemes such as Faster Adoption & Manufacturing of Hybrid and Electric Vehicles (FAME) in 2015 and second phase FEMA II in 2017 to support growth of the electric vehicle market.
Level 2 charging stations is more popular choice among consumers
the technology, the market is divided into level 1, level 2, and level 3. Among these, the application of level 2 charging stations has the highest usage rate in the past few years. These stations are efficient than level 1 and more economical than level 3 charging stations. Therefore, the demand for level 2 charging stations is expected accelerate over the forecast period. However, level 3 charging stations are becoming popular, as the market gears to embrace technological advancements in the future.
Detailed Segmentation:
APAC Electric Charging Station Market, By Charging Station Type:
◦ AC Charging
◦ DC Charging
◦ Wireless Charging
APAC Electric Charging Station Market, By Technology Type:
◦ Level 1
◦ Level 2
◦ Level 3
APAC Electric Charging Station Market, By End User:
◦ Private
◦ Public
Table of Contents
1. Research Objectives and Assumptions
2. Market Purview
3. Market Dynamics, Regulations, and Trends Analysis
4. APAC Electric Charging Station Market, By Charging Station Type, 2018-2026 (US$ Mn)
5. APAC Electric Charging Station Market, By Technology Type, 2018-2026 (US$ Mn)
6. APAC Electric Charging Station Market, By End User, 2018-2026 (US$ Mn)
7. APAC Electric Charging Station Market, By Country, 2018-2026 (US$ Mn)
8. Competitive Landscape
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