South Africa Electric Vehicle Charging Infrastructure Market Size, Share, Trends, Demand, and Growth Forecast by 2026

The introduction of electric vehicle charging station by the market players at airports, rising government support by providing funding schemes for charging station and surging initiatives in order to propel the demand for electric vehicle such as boost international trade by introducing tax exemptions on imported electric vehicles to reduce the environmental impact by curbing the carbon emission are the major factors proliferating the growth of South Africa Solar e-Vehicle Charging Infrastructure market. Moreover, developing preferential funding scheme to support the implementation of smart mobility along with escalating collaboration among transport providers and networks to install Solar PV Battery Energy Storage Systems (BESS) in the bus stations to incentivise EV drivers and surging inclination of private and public sectors to uptake electric cars are the factors strongly contributing towards the growth of the market in the forecast period.

According to MarkNtel Advisors’ research report “South Africa Solar e-Vehicle Charging Infrastructure Market Analysis, 2020”, the South Africa Solar e-Vehicle Charging Infrastructure market is anticipated to grow at a considerable CAGR during 2021-26F on account of rising government initiative to boost the number of electric vehicle (EV) public charging stations as part of National Transport Month, escalating funding in EVs for the public fleet coupled with burgeoning inclination toward electromobility to reduce GHG emissions and increasing government investment toward road infrastructure are anticipated to fuel the demand for charging station in the coming years. However, the COVID-19 pandemic has impacted the market growth due to disruption in the supply chain, sharp decline in the demand for electric vehicle and temporary closure of the unit.

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Key questions answered in the study
1. What are the current and future trends of the Solar e-Vehicle Charging Infrastructure industry?
2. How the industry has been evolving in terms of end-user demand and application areas?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the Solar e-Vehicle Charging Infrastructure industry?
5. What is the customer orientation, purchase behavior, and expectations from the Solar e-Vehicle Charging Infrastructure firms across various regions?

“South Africa Solar e-Vehicle Charging Infrastructure Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for Solar e-Vehicle Charging Infrastructure providers across the region. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.

For detailed Report: https://www.marknteladvisors.com/research-library/south-africa-e-vehicle-charging-infrastructure-market.html

Hardware Acquired the Majority Market Share
Based on Platform, Hardware segment acquired the majority market share in the South Africa Solar e-vehicle Charging Infrastructure in 2019. The DC charger accounted for considerable market share in the Hardware segment. The DC charging station are fast as it provides charging capacity between 50-175kW as utilizes quick charging point to recharge the vehicle. Moreover, increasing number of DC charging station is projected to propel the growth of the Solar e-Vehicle Charging Infrastructure in the forthcoming period as revealed by the MarkNtel Advisors’ research report “South Africa Solar e-Vehicle Charging Infrastructure Market Analysis, 2020”.

According to MarkNtel Advisors’, the key players with a considerable market share in the South Africa include ABB, Schneider Electric, Eaton Corporation, Siemens AG, Leviton Manufacturing Co., Inc., Others etc.

Market Segmentation:
1. By Platform (Hardware [AC Charger, DC Charger], Services)
2. By Connector Type (CHAdeMO, Combined Charging System (CCS), Others (Supercharger, High Power Wall Connector (HPWC), etc.))
3. By Battery (Lead-Acid Battery, Lithium-Ion Battery)
4. By Application (Hotels, Open Public Places, Roads & Highways, Residential Units, Others (Airports, Supermarkets etc.))
5. By Region (North, South, West, East, Central)
6. By Company (ABB, Schneider Electric, Eaton Corporation, Siemens AG, Leviton Manufacturing Co., Inc., Others etc.)

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MarkNtel Advisors is a leading research, consulting and data analytics firm that provides a wide range of strategic reports on diverse industry verticals to a substantial and varied client base that includes multinational corporations, financial institutions, governments, and individuals.

We specialize in niche industries and emerging geographies to support our clients in the formulation of strategies viz. Go to Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, trend analysis, etc. in around 15 industry verticals to enable our clients in identifying attractive investment opportunities and maximizing ROI through an early mover advantage.

This release was published on openPR.