Electric Charging Station Market To Dominated APAC Region | Here is Growth and Competitive Structure Analysis with PluginIndia, Greenlots, Mitsubishi Motors Corporation, ChargePoint, NARI Technology, Blink Charging Co, Toshiba Corporation, Magenta Power

APAC electric charging station market is expected to witness significant growth during the forecast period (2018–2026). This is majorly attributed to rising demand for electric vehicles. The usage of electric vehicle is beneficial to environment and health, as electric vehicles do not pollute the environment. Furthermore, these charging stations are more economical, as they save costs of fuel. Once the electric supply is setup, it can be utilized for long period of time.

The APAC electric charging station market was valued at US$ 1,238.4 million in 2017 and is expected to increase to US$ 3,785.8 million by 2026, registering a CAGR of 30.3% over the forecast period from 2018 to 2026. Considering the technology, the level 2 charging stations has the highest use rate because these chargers are faster and more economical. For instance, using level 2 charging, a luxury car such as Mercedes Benz B class takes 20 hours for full charge and it can go till 85-90 miles in the same. Level 2 uses a higher-output 240-volt power source, which is higher than level 1 charging equipment.

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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.

As per Coherent Market Insights’ analysis, electric charging station market is expected to grow at a rapid pace over the forecast period. This growth is attributed to increasing need for vehicles run using renewable energy, which is expected to aid in growth of the APAC electric charging station market.

Some of the key players operating in the APAC electric charging station market include PluginIndia.com, Greenlots, Mitsubishi Motors Corporation, ChargePoint, Inc., NARI Technology Co., Ltd, Blink Charging Co, Toshiba Corporation, Magenta Power, Star Charge, and Efacec among others.

China is expected to account for the largest market share in the APAC electric charging station market, while India is expected to witness fastest growth over the forecast period. The presence of large number of electric vehicles in China and increasing need for eco-friendly transport medium are some of the key factors driving the market growth. In India, the highest growth is attributed to various factors such as rapid acceptance of electric vehicles, increasing pollution control policies, and heavy investment by governments and private investors.

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Key features of the study:

1. This report provides in-depth analysis of APAC Electric Charging Station market size (US$ Million), and Compound Annual Growth Rate (CAGR %) for the forecast period (2018– 2026), considering 2017 as the base year

2. It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players

3. It profiles leading players in the global APAC Electric Charging Station market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, APAC Electric Charging Station market capital, key developments, strategies, and future plans

4. Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launches, product upgrades, market expansion, and marketing tactics

5. The global APAC Electric Charging Station market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts

6. Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global APAC Electric Charging Station market.

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