Press release
EV Charging Infrastructure Market Set For Rapid Industry Growth, To Reach Around US$ 95.98 Billion By 2027 with a CAGR of 36.8%
EV Charging Infrastructure Market to 2027
The trend of electric vehicle charging infrastructure is growing at an exponential growth rate. The high adoption rate of electric vehicle globally is demanding the requirement of quick and efficient charging stations for charging of the electric vehicle. The Government globally is focusing on taking various initiatives to develop and install EV charging stations. For instance, the US government launched an Energy Program at work named “Charge Georgia.” Under this initiative, the availability of public electric vehicle (EV) charging stations across the state of Georgia has increased significantly, which permit the EV Charging Infrastructure market to prosper in the forecast period.
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Leading Key Market Players Mentioned in the Report:- ABB Ltd., ABM Industries Incorporated, Bosch Automotive Service Solution, ChargePoint, Inc., Delta Electronics, Driivz Ltd., EVbox, Leviton Manufacturing Co., Inc., Siemens AG, and Tesla, Inc. among others.
In the recent few years, EV charging infrastructure market has noticed noteworthy product innovation and partnership activity. Some of the significant deals include, in 2018 ChargePoint announced its partnership with Greenlots, to enhance the access for its customers to thousands of additional charging sites across North America with no additional cost. The partnership would strengthen the company’s presence in North America.
The reports cover key developments in the EV Charging Infrastructure Market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from EV Charging Infrastructure Market are anticipated to lucrative growth opportunities in the future with the rising demand for EV Charging Infrastructure Market in the global market.
GLOBAL EV CHARGING INFRASTRUCTURE MARKET SEGMENTATION
GLOBAL EV CHARGING INFRASTRUCTURE MARKET — BY PLATFORM
• Hardware
• Services
GLOBAL EV CHARGING INFRASTRUCTURE MARKET — BY HARDWARE
• AC Charger
• DC Charger
GLOBAL EV CHARGING INFRASTRUCTURE MARKET — BY CHARGER TYPE
• Public Charger
• Private Charger
Based on hardware, the AC Charger is expected to dominate the EV charging infrastructure market during the forecast period. The AC charger manufacturers are constantly witnessing increasing demand for Level 1 chargers, attributing to the increase in electric vehicles in the developed countries as well as developing countries. China, the US and France are some of the developed countries generating enormous demand for AC chargers owing to consistently rising number of EVs in these countries.
The exclusive report on EV Charging Infrastructure Market research report has been formulated with the help of extensive primary research (inputs from industry experts, companies, and stakeholders) and secondary research to get a holistic view of the market. The report gives an in-detailed information across globe including North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America & Central America (SCAM). We follow an iterative research methodology model to formulate the report that help decision makers to take sound investment evaluation. Secondary research is carried out using internal and external sources to obtain qualitative and quantitative insights of the market backed by the telephonic interviews with Key Opinion Leaders (KOL’s) and Subject Matter Expertise (SME’s). This model negates drastic deviation in the market estimation and is used to estimate the EV Charging Infrastructure Market size and forecasts till 2027.
Besides this, the report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the market in these regions.
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