Electric Vehicle Charging Infrastructure Market Is Fast Approaching, Says Research | AeroVironment, Inc., ABB, BP Chargemaster
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Global Electric Vehicle Charging Infrastructure Market is valued approximately at USD 11.3 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 33.4% over the forecast period 2020-2027. The electric vehicle charging infrastructure is a charging station for electric vehicles and further supports swapping of discharged batteries in a vehicle with fully charged batteries from a shelf. The rising adoption of electric vehicles due to levels of carbon emissions and other harmful gases stemming from transportation have increased the growth of the electric vehicle charging infrastructure market. According to International Energy Agency, in 2018, the more than 380 hydrogen refueling stations are open across the world coupled with rise in global fuel cell electric vehicle (FCEV) stock reached 11 200 units at the end of 2018 and is expected to rise to 3 000 refilling stations by 2025, which would be sufficient to fuel around 2 million FCEVs.
Furthermore, the strategic alliance by the market players like product launch and other key findings will create a lucrative demand for this market. For instance: In 2019, Tesla launched V3 supercharging, a largest grid-connected battery, which enables vehicles to charge faster. Similarly, on 31st October 2019, Build Your Dream (BYD) Auto, manufacturer of electric vehicles and AMPLY Power, provider of charging infrastructure, has agreed into a partnership. This partnership offers an affordable solution which allows fleet operators such as shuttle bus operators, transit agencies, school districts, universities, and municipalities to more rapidly migrate to electric vehicles through joint products and services encompassing vehicles and infrastructure. Whereas, lack of standardization in charging infrastructure is the major factor restraining the growth of global Electric Vehicle Charging Infrastructure market during the forecast period.
The regional analysis of global Electric Vehicle Charging Infrastructure market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific is the leading/significant region across the world owing to the Countries, such as China, Japan, and South Korea, are the hub of EVs and are heavily investing in the development of charging infrastructure.
Major market player included in this report are:
• AeroVironment, Inc.
• BP Chargemaster
• ChargePoint, Inc.
• ClipperCreek, Inc.
• Eaton Corp.
• General Electric Company
• Leviton Manufacturing Co., Inc.
• SemaConnect, Inc.
• Schneider Electric
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Charger Type:
• Slow Charger
• Fast Charger
• Combined Charging System (CCS)
COVID-19 – Next Thoughts: In this piece, we have shared key data and numbers that shine a spotlight on the current scale of the crisis and the economic fallout.
A combination of factors, including COVID-19 containment situation, end-use market recovery & Recovery Timeline of 2020/ 2021
covid-19 scenario Market Behavior/ Level of Risk and Opportunity End Industry Behavior/ Opportunity Assessment Expected Industry Recovery Timeline Business Impact Horizon
Opening of Economy by Q3 2020 xx xx xx xx
Recovery – Opening of Economy extended till Q4 2020 / Q1 2021 xx xx xx xx
Under COVID-19 Outbreak Impact Analysis:
We analyzed industry trends in the context of COVID-19. We analyzed the impact of COVID-19 on the product industry chain based on the upstream and downstream markets. We analyze the impact of COVID-19 on various regions and major countries.
The impact of COVID-19 on the future development of the industry is pointed out.
Study Explore :
• Market Behavior/ Level of Risk and Opportunity
• End Industry Behavior/ Opportunity Assessment
• Expected Industry Recovery Timeline
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In-Depth Qualitative COVID 19 Outbreak Impact Analysis Include Identification And Investigation Of
The Following Aspects:
Informational Takeaways from the Market Study: The report includes the completely examined and evaluated data of the noticeable companies and their situation in the market considering impact of Coronavirus. The measured tools including SWOT analysis, Porter’s five powers analysis, and assumption return debt were utilized while separating the improvement of the key players performing in the market.
Key Development’s in the Market: This report fuses the major developments of the market that contains confirmations, composed endeavors, R&D, new thing dispatch, joint endeavours, and relationship of driving members working in the market.
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The study objectives of this report are:
Important Features that are under offering & key highlights of the report:
– Detailed overview of market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc
– Historical, current and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth
– A neutral perspective towards market performance
– Market players information to sustain and enhance their footprint
The Study Explore COVID 19 Outbreak Impact Analysis
• What should be entry strategies, countermeasures to economic impact, and marketing channels?
• What are market dynamics?
• What are challenges and opportunities?
• What is economic impact on market?
• What is current market status? What’s market competition in this industry, both company, and country wise? What’s market analysis by taking applications and types in consideration?
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Key Points Covered in Electric Vehicle Charging Infrastructure Market Report:
Chapter 1, About Executive Summary to describe Definition, Specifications and Classification of Electric Vehicle Charging Infrastructure market, Applications, Market Segment by Regions North America, Europe or Asia;
Chapter 2, objective of the study.
Chapter 3, to display Research methodology and techniques.
Chapter 4 and 5, to show the Overall Market Analysis, segmentation analysis, characteristics;
Chapter 6 and 7, to show the Market size, share and forecast; Five forces analysis (bargaining Power of buyers/suppliers), Threats to new entrants and market condition;
Chapter 8 and 9, to show analysis by regional segmentation, comparison, leading countries and opportunities; Regional Marketing Type Analysis, Supply Chain Analysis
Chapter 10, focus on identifying the key industry influencer’s, overview of decision framework accumulated through Industry experts and strategic decision makers;
Chapter 11 and 12, Market Trend Analysis, Drivers, Challenges by consumer behavior, Marketing Channels and demand & supply.
Chapter 13 and 14, describe about the vendor landscape (classification and Market Positioning)
Chapter 15, deals with Electric Vehicle Charging Infrastructure Market sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source.
……..and view more in complete table of Contents
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