Press release
Electric Vehicle Charging Equipment Market Share 2021 Overview, Top Key Players, Demand, Industry Size, Growth Factor, Trends and Forecast to 2027 | ABB, AeroVironment, Chargemaster, ClipperCreek, DBT-CEV, Engie
During the projected period of 2021-2027, the "Electric Vehicle Charging Equipment Market" research describes in-depth the demand and consumption of numerous products/services connected to market growth dynamics. In terms of quantity, a complete market assessment of the numerous opportunities in the market segment is made. The Electric Vehicle Charging Equipment market is covered several areas, including constraints, problems, and opportunities, as well as geographical considerations. Customers will benefit from this study because it provides historical and statistically significant data, making it both helpful and instructional.In accordance with the Electric Vehicle Charging Equipment market is set to grow at a CAGR of 46.9% over the forecast period (2021-2027).
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Market Overview
Electric vehicles (EV) are witnessing significant growth, owing to the growing environmental concerns and rising demand for sustainable and energy-efficient transportation. With the outbreak of pandemic COVID-19, the governments around the world have shifted their focus from other activities to health care facilities in their countries, and also with the imposed lockdown, all infrastructure work was affected as people were forced to stay at home to maintain social distancing and avoid the spread of the virus, which impacted the availability of the workforce and hence the projects were affected. Yet, with the gradual opening up of the economies infrastructure projects are also resuming and it is expected that the market will witness significant growth during the forecast period.
Top Key players operating in the global Electric Vehicle Charging Equipment market are:
ABB, AeroVironment, Chargemaster, ClipperCreek, DBT-CEV, Engie, Fortum, Fuji Electric, Leviton, Shell, Qualcomm, Bosch, Schneider Electric, Siemens
Recent Developments
In May 2021, ABB has entered into an agreement with charging solution provider Bornes Québec to ensure the wider availability of fast and convenient electric vehicles (EV) charging stations in the province of Quebec and to accelerate Canada's move towards sustainable transportation.
In January 2021, Siemens Smart Infrastructure released its new public fast charger Sicharge D. They claim it provides the highest peak efficiencies on the market at 96 percent. It also features scalable, high charging power of up to 300 kW and dynamic power-sharing.
Major Electric Vehicle Charging Equipment Market Types covered are:
Residential
Commercial
Public Charging
Major Electric Vehicle Charging Equipment Market Applications covered are:
AC Charging
DC Charging
Inductive Charging
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Asia-Pacific is Leading the Electric Vehicle Charging Market
Geographically, Asia-Pacific is leading the electric vehicle charging station market, followed by Europe. In Asia-Pacific, China is the largest market for electric cars and buses, and it sold 872 thousand units of New Energy Vehicles (both passenger and commercial vehicles) for the first nine months in 2019, exhibiting a growth rate of 20.8%.
The Chinese electric vehicle charging station market is well supported by its battery electric vehicle market, which is backed by generous support from the government. China has extended the incentives relating to the purchase of new energy vehicles (NEVs) till 2022. In January 2020, Tesla Motors inaugurated a USD 2 billion facility at Shanghai, that was assembling nearly 3000 cars per week in March 2020 when all the other global facilities of the electric vehicle giant were shut down due to the COVID-19 pandemic.
Regional Analysis of Global Electric Vehicle Charging Equipment market:
The Electric Vehicle Charging Equipment Market research gives an in-depth analysis of market growth and other factors in key nations (regions), including:
North America (the United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of the Middle East & Africa)
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Table of Contents: Electric Vehicle Charging Equipment Market
- Chapter 1: outline of Electric Vehicle Charging Equipment marketplace
- Chapter 2: worldwide market reputation and forecast through areas
- Chapter 3: worldwide marketplace popularity and forecast by using types
- Chapter 4: worldwide marketplace repute and forecast by using Downstream enterprise
- Chapter 5: marketplace riding issue evaluation
- Chapter 6: market opposition reputation by major producers
- Chapter 7: essential producers Presentation and market data
- Chapter 8: Upstream and Downstream marketplace investigation
- Chapter 9: Fetched and net part investigation
- Chapter 10: advertising reputation research
- Chapter 11: marketplace file end
- Chapter 12: research technique and Reference
Impact of COVID-19 on the Electric Vehicle Charging Equipment Market:
The upward push of COVID-19 has moderated showcase improvement; anyhow, the market is constantly selecting up-tempo due to growing lockdowns. The sudden increment in CAGR is thanks to the request and extension of this marketplace, which is functionality to return to pre-pandemic ranges once the large, is gone.
Customization Available: Global Electric Vehicle Charging Equipment Market
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