Peer-to-Peer Electric Vehicle Charging Market To Witness Increased Revenue Growth Owing To Rapid Increase In Demand : Fact.MR

Fact.MR predicts the global sales of peer-to-peer electric vehicle charging is expected to surpass US$ 6.7 Bn by registering a CAGR of 20% in the forecast period ranging from 2022-2032. A rising inclination towards investing in electric vehicles due to increasing fuel prices and carbon emission is playing a crucial role in the adoption of electric vehicles. Moreover, collaborations and initiatives for setting accessible electric charging stations are driving the demand for peer-to-peer electric vehicle charging.

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Historically, from 2015 to 2021, the global sales of peer-to-peer electric vehicle charging reached US$ 800 Mn, by the end of the aforementioned period. The onset of the coronavirus pandemic affected the supply chain demand for various end sectors. Moreover, the restriction on movements affected the demand for electric vehicles. Thus, the demand for electric vehicles dipped in the first quarter of peer-to-peer electric vehicle charging. However, as the world is gaining normalcy, the demand for electric vehicles is expected to upsurge.

Furthermore, initiatives by government in North America and Asia Pacific for increasing the sales of electric vehicles are positively influencing the demand for peer-to-peer electric vehicle charging. In addition, companies are collaborating with residential and commercial sectors for increasing the usage of peer-to-peer electric vehicle charging.

Key Segments Covered in the Peer-to-Peer Electric Vehicle Charging Report

By Charger Type :
Level 1
Level 2

By Application :
Destination Charging Station
Fleet Charging Station
Workplace Charging Station
Others

Competitive Landscape

In February 2022, Chargepoint Inc announced partnership with Sonepar for deploying charging stations in France. Through this partnership, the company is focusing on increasing charging points in France. In addition, this partnership is helping Sonepar is strengthening its position across France.

In February 2022, Enphase Energy Inc launched a partnership with Swell Energy Inc. Through this partnership, the company will increase its presence in countries like California, New York and Hawaii.

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Key Takeaways from Market Study

By charger type, Level 2 charger expected to gain more than 70% market share for peer-to-peer electric vehicle charging market.

By application, residential sector expected to hold more than 60% market share for peer-to-peer electric vehicle charging market.

Peer-to-peer electric vehicle charging industry expected to possess nearly 20% market share throughout North America.

Peer-to-peer electric vehicle charging industry expected to possess nearly 33% market share throughout Asia Pacific.

Global market for peer-to-peer electric vehicle charging to reach US$ 1.08 Bn in 2022

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More Valuable Insights

Fact.MR, in its new offering, presents an unbiased analysis of the global peer-to-peer electric vehicle charging market, presenting historical demand data (2015-2021) and forecast statistics for the period of 2022-2032.

The study indulges essential insights on the market on the basis of charger type (Level 1 and Level 2) and application (commercial and residential) across five major regions (North America, Latin America, Europe, Asia-Pacific and Middle East & Africa).

In-depth Analysis on Competition Analysis

The report sheds light on leading manufacturers of peer-to-peer electric vehicle charging, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in offering peer-to-peer electric vehicle charging has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.

Company profiles have been included in the report, which include essentials such as product portfolios and key strategies, along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting the market status, and predicting the competition level in the peer-to-peer electric vehicle charging domain.

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