Electric Vehicle Charging Stations Market Increasing Demand With Blink Charging Co., Alfen N.V., ChargePoint, Inc., Tesla, Efacec

Global Electric Vehicle Charging Stations Market is expected to grow at a healthy CAGR of 48.3% in the forecast period of 2019 to 2026.

There has been a large increase within the call for electric vehicles in current years. This has brought about the want for stations that may charge electric vehicles. There are two fundamental forms of electric vehicle charging stations: AC and DC. AC charging stations offer currents to the on-board vehicle charger and typically offers among five and 15 miles of electrical variety for every half-hour of charging. Dc charging stations deliver modern without delay to the batteries of electric vehicles an offers approximately eighty miles of electrical range consistent with 30 minutes of charging. AC charging stations are the most usually used kind of charging station, due to their cost-effectiveness and their comfort.

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Factors Fueling the Growth of the Global Electric Vehicle Charging Stations Market

The electric vehicle charging stations market is a highly concentrated market that includes key players and local players. The market has witnessed increased various strategic developments owing to favorable market scenario. The market has a prominent growth in upcoming years due to increasing demand for electric vehicles, incentives & subsidies by the government for electric vehicles and increasing environmental concerns. The vehicle-to-grid (v2g) technology for EV charging stations and renewable sources of energy for electricity are also posing as an opportunity for the market.

The market has witness developments in terms of merger and acquisitions or product launches to enhance the product portfolio to meet the rising demand of innovative technology. In December 2018, ChargePoint Inc. announced the partnership with Greenlots for enabling the charging between the networks of North America. The partnership aims at enabling the charging between networks and give access to additional charging locations across North America without any additional cost. The partnership focuses on accelerating the adoption of electrified transportation.

Electric vehicle charging stations market is gaining momentum owing to increased demand of electric vehicles. The partnership will enable the electric vehicle drivers to use ChargePoint and Greenlots mobile applications for locating the charging stations thus benefitting the company in installing more charging stations with new price plans and creating opportunities for growth in the electric vehicle charging station market.

ChargePoint, Inc dominated the global electric vehicle charging stations market. The other key players existing in the market includes Tesla, Blink Charging Co., Efacec, Engie Group, ABB, Schneider Electric, Siemens AG, Liikennevirta Oy (Ltd.), SemaConnect, ClipperCreek, Allego B.V., Leviton Manufacturing Co., Inc., EVgo Services LLC, Alfen N.V., AeroVironment, Inc and others.

Global Electric Vehicle Charging Stations Market: Segmentation

The Global Electric Vehicle Charging Stations Market is segmented by the type of chargers that are available. Currently, there are two types of chargers:

• AC charging station
• DC charging station

AC chargers utilize AC current, which is typically available in the home, in order to charge electric vehicles. AC chargers can be further segmented into three different types:

1. Type 1 (up to 3.7 kW)
2. Type 2 (more than 3.7 kW)
3. AC rapid chargers (up to 43 kW)

On the basis of vehicle type, the market is segmented into battery electric vehicle (BEV) and plug-in hybrid vehicle (PHEV).

On the basis of charging stations standards, the market is segmented into GB/T, CHAdeMO, CCS, Tesla supercharger, SAE J1772 and IEC 62196.

On the basis of installation type, the market is segmented into residential and commercial.

Global Electric Vehicle Charging Market: Application Segmentation

During the forecasted time period, commercial and residential application segments are projected to see significant growth. However, it should be mentioned that the growth of the commercial segment, which includes chargers at non-residential locations, is expected to see a higher rate of growth than the residential application segment. Furthermore, both governments and automakers are expected to invest a great deal of money into the expansion of the public infrastructure, which will further augment the commercial application segment.
Global Electric Vehicle Charging Market: Regional Segmentation

The global electric vehicle charging market is further segmented according to region. This market comprises the following regions:

Asia-Pacific,
Europe,
North America,
Middle East and Africa,
South America

Global Electric Vehicle Charging Stations Market: Competitive Analysis:

Key vendors in the global vehicle charting market include Tesla, Efacec, Engie Group, ABB, Schneider Electric, Siemens AG, Liikennevirta Oy (Ltd.), SemaConnect, ClipperCreek, Allego B.V., Leviton Manufacturing Co., Inc., EVgo Services LLC, ChargePoint, Inc., Blink Charging Co., Alfen N.V., AeroVironment, Inc. and among others.

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