Press release
Electric Vehicle Charging Equipment Market is Expected to Grow at a CAGR of over 31.51% | During 2022-2028 | Vantage Market Research
According to Vantage market research the Global Electric Vehicle Charging Equipment market was valued at USD 18.84 Billion in 2020 and is projected to reach USD 168.52 Billion by 2028, growing at a CAGR of 31.51% from 2021 to 2028.
Key Findings and Insights from the report:
• The report presents the estimated CAGR of 31.51% size of the Electric Vehicle Charging Equipment Market at the end of the forecast period.
• The Global Electric Vehicle Charging Equipment market is predicted to reach a value of USD 168.52 Billion by 2028.
• The report includes an overview of the market, the financial performance of key players its segmentation, its geographical scope.
• The report provides a detailed evaluation of the market by highlighting information on various aspects which include restraints, drivers, opportunities, and threats.
• Insight also covers the price, production, share, and growth rate of these top manufacturers and examines the competitive scenario for a better understanding of the market synopsis.
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A charging station, also called an EV charger or electric vehicle supply equipment (EVSE), is a piece of equipment that supplies electrical power to charge plug-in electric vehicles.
The global electric vehicle charging equipment market is expected to grow in the coming years driven by increasing sales of electric vehicles. This is due to government subsidies and the purchase of shares on non-electric vehicles in large cities. Furthermore, the presence of major players in the electric vehicle sector, such as Nissan, Tesla, Chevrolet and Toyota, is anticipated to support the market growth during the forecast period, mainly in the United States, United Kingdom, Germany and China.
Market Segmentation:
By Product:
• Level 2
• DC Fast Charging
By Application:
• Residential
• Commercial
• Public Charging
• Others
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COVID-19 Impact Analysis of Electric Vehicle Charging Equipment Market:
When the Covid-19 pandemic began in China, it sent shock waves to countries around the world. And as the number of cases continued to rise, it forced governments around the world to take serious action such as border seals, lockdowns and enforce strict social distancing measures to avert imminent catastrophe. These actions had a dramatic effect on the economy, as industrialists around the world were forced to halt their production, leading to supply chain disruptions and the loss of various industries. Thus, a fall in the global markets.
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The Electric Vehicle Charging Equipment market regional level analysis:
• Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
• Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
• North America (United States, Canada and Mexico)
• Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
• South America (Brazil, Argentina, Colombia, and Rest of South America)
List of Leading Players in the Global Electric Vehicle Charging Equipment Market:
• Efacec, Signet
• Bosch
• AeroVironment
• ClipperCreek
• ECOtality
• Leviton
• Nissan
• ABB
• Fuji Electric
• Webasto Charging Systems
• Coulomb Technologies
• Eaton Corporation Plc.
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Reason for buying this Electric Vehicle Charging Equipment market Report:
• The report highlights the macroeconomic forces that are affecting the strategies and policies in the market.
• Report provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
• It provides a six-year forecast assessed on the basis of how the market is predicted to grow
• The report provides market leading players with facts and insights on the Electric Vehicle Charging Equipment market.
• It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of industry segments.
• Disruption and uncertainties in the industry are studied in the report.
• It provides the key product segments and their future.
• The report identifies bottlenecks and problems associated with businesses operating in the Electric Vehicle Charging Equipment market and provides possible solutions to those problems.
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