Electric Vehicle Charging Station Market Expected To Grow At A CAGR Of 32% By 2027| ABB Ltd, AeroVironment Inc, ChargePoint Inc, EV-Box BV, Fastned BV, Pod Point Ltd, Robert Bosch GmbH, Schneider Electric SE, Siemens AG, Tesla Motors Inc

Recent research and the current scenario as well as future market potential of "Global Electric Vehicle Charging Station Market 2020".

The Global Electric Vehicle Charging Station Market is expected to grow at a CAGR of 32% during the forecasting period (2020-2027).

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Electric vehicle (EV) charging station is also known as EV charging station or an electric charging point. It is an element in an infrastructure that supplies electrical energy for recharging an electric vehicle. Global EV charging station market is expected to grow at a CAGR of 32.0% and would reach 31,943 USD million by 2025.

Hybrid electric vehicles (HEV), plug-in electric vehicles (PEV), plug-in hybrid electric vehicles (PHEV) are some of the types of electric vehicles which needs charging points for refueling. To charge the battery of EV it is connected to the EVs charging socket, and it'll refuel the vehicle depending on the charging.
The global electric vehicle charging station market is driven by government initiatives, increased electric vehicle adoption, and grown concerns over carbon emission. However, the high installation and maintenance cost of a charging station might hamper the market growth.

Based on the type of charging, the market is segmented as slow AC, fast AC, and fast DC. The slow AC segment holds the most significant share of the market. However, the fast DC is the fastest growing segment owing to need for faster charging time and increasing range of passenger vehicles.
By application, the market is segmented as public use, office use, and home use. The office use segment is the significant shareholding segment, and public use is the fastest growing segment. By region, Asia-Pacific is the primary region owing to the increased installation of charging stations in China. Asia-Pacific holds more than 50% of market share and would show significant growth shortly.

The report covers the factors impacting the market, Porter 5 Forces, Market Share Analysis, Price trend analysis, Product Benchmarking, and company profiles. The report profiles the following companies, which includes ABB Ltd., AeroVironment, Inc., ChargePoint Inc., EV-Box B.V., Fastned B.V., Pod Point Ltd., Robert Bosch GmbH, Schneider Electric SE, Siemens AG, and Tesla Motors Inc.

Key Market Segment Covered

By Type
Slow AC
Fast AC
Fast DC

By Application
Public Use
Office Use
Home Use

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By Region
Asia Pacific
Europe
North America
South America
Rest of the World

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Excel data sheet with thousands of data points of the Electric Vehicle Charging Station market - level 4/5 segmentation
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Product mapping in excel for the key Electric Vehicle Charging Station products of all major market players

Target Audience
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Industry Investors/Investment Bankers
Education & Research Institutes
Research Professionals
Emerging Companies
Manufacturers

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This release was published on openPR.