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APAC Electric Charging Station Market Latest Advancements ChargePoint, Inc., NARI Technology Co., Ltd, Blink Charging Co, Toshiba, Magenta Power, Star Charge, and Efacec

04-06-2020 07:13 AM CET | Logistics & Transport

Press release from: Coherent Market Insights

APAC Electric Charging

APAC Electric Charging

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, according to APAC Electric Charging Station Market Report, by Charging Station Type (AC Charging, DC Charging, and Wireless Charging), by Technology Type (Level 1, Level 2, and Level 3 ), by End User (Private and Public), and by Country (China, Japan, ASEAN, Australia, South Korea, and Rest of Asia Pacific), published by .

Increasing awareness about pollution hazards and efforts taken to reduce the same is expected to drive growth of the APAC electric charging station market. Dependence on fuels that are imported is one of the major issues faced by Asian countries. Usage of electric vehicles helps in reducing the use of fuel. Moreover, these vehicles are more economical as compared to conventional fuel-based vehicles. Electric charging stations are more beneficial compared to conventional fuel stations, as it saves the fuel cost and require less maintenance. Electric vehicles aids in reducing the reliance over foreign fuel, which helps in gaining economic stability. Many government and private organizations are sponsoring the research in electric vehicle and related market.

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Major Keyplayers Like : PluginIndia.com

Greenlots
Mitsubishi Motors Corporation
ChargePoint Inc.
NARI Technology Co.
Ltd
Blink Charging Co
Toshiba Corporation
Magenta Power
Star Charge
Efacec
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Level 2 charging stations is more popular choice among consumers

Considering 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.

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 Highlights of the Table of Contents:

APAC Electric Charging Station Market Study Coverage:It includes key manufacturers covered, key market segments, the scope of
products offered in the global Colposcopy market, years considered, and study objectives. Furthermore, it
touches the segmentation study provided in the report on the basis of the type of product and applications.

APAC Electric Charging Station Market Executive Summary: This section emphasizes on the key studies, market growth rate,
competitive landscape, market drivers, trends, and issues in addition to the macroscopic indicators.

APAC Electric Charging Station Market Production by Region: The report provides information related to import and export,
production, revenue, and key players of all regional markets studied are covered in this section.

APAC Electric Charging Station Market Profile of Manufacturers: Analysis of each market player profiled is detailed in this
section. This also provides SWOT analysis, products, production, value, capacity, and other vital factors of
the individual player.

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Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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