Press release
Metals in Electric Vehicle Charging Infrastructure Industry to Accumulate US$ 10 Billion by 2032
The market for metals in electric vehicle charging infrastructure is expected to reach a market worth of US$ 2 Bn in 2022 and expand at a CAGR of 18% from 2022 to 2032.A serious threat to human life is being created by an increase in air pollution. As a result, electric car adoption is growing globally. Additionally, there is a greater need for charging stations to recharge electric vehicles. The demand for raw metals is anticipated to increase in the future assessment period since they are an essential component of the infrastructure of electric charging stations. The market for metals in electric vehicle charging infrastructure is expected to reach a market worth of US$ 2 Bn in 2022 and expand at a CAGR of 18% from 2022 to 2032.
๐๐ผ๐๐ป๐น๐ผ๐ฎ๐ฑ ๐ฆ๐ฎ๐บ๐ฝ๐น๐ฒ ๐๐ผ๐ฝ๐ ๐ผ๐ณ ๐ง๐ต๐ถ๐ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐:
https://www.factmr.com/connectus/sample?flag=S&rep_id=7126?AS
A serious threat to human life is being created by an increase in air pollution. As a result, electric car adoption is growing globally. Additionally, there is a greater need for charging stations to recharge electric vehicles. The demand for raw metals is anticipated to increase in the future assessment period since they are an essential component of the infrastructure of electric charging stations.
Copper is largely used in cables, wiring, and charging units in electric panels. Moreover, nearly 3.5kg of copper is required for making one charging station. In addition, owing to low cost and superior strength, steel is preferred over aluminum for housing charging infrastructure. Thus, by metals, copper is expected to account for more than 30% market share of metals in electric vehicle charging infrastructure.
Increasing investments for developing stations in commercial places are driving the demand for metals in electric vehicle charging infrastructure. Moreover, overnight charging at individual homes or residential complexes is not adequate for long-distance journeys.
๐๐ฒ๐ ๐ง๐ฎ๐ธ๐ฒ๐ฎ๐๐ฎ๐๐:
โข By metal, copper is expected to account for more than 30% market share in 2022.
โข By end-use, a commercial segment is expected to hold more than 75% market share.
โข Europe expected to hold more than 30% market share for metals in electric vehicle charging infrastructure.
โข The Asia Pacific is expected to dominate the market for metals in electric vehicle charging infrastructure by possessing more than 50% market share.
โข The global market for metals in EV charging infrastructure to reach US$ 2 Bn by 2022.
๐๐ฟ๐ผ๐๐๐ต ๐๐ฟ๐ถ๐๐ฒ๐ฟ๐:
โข Rapid adoption of electric vehicles will accelerate demand for metals in electric vehicle charging infrastructure.
โข Increasing investment by developing countries in electrical vehicles augmenting demand for metals in electric vehicle charging infrastructure.
๐๐ผ๐บ๐ฝ๐ฒ๐๐ถ๐๐ถ๐๐ฒ ๐๐ฎ๐ป๐ฑ๐๐ฐ๐ฎ๐ฝ๐ฒ:
The various leading players in the metals in electric vehicle charging infrastructure market are focusing on offering various marketing strategies are adopted by key players such as mergers and acquisitions, expansions, collaborations, and partnerships.
โข In November 2021, Alcoa Corporation announced its plan to design aluminum refinery for the future. The company is focusing on reinventing its aluminum production by reducing carbon emissions. Moreover, the company is the third-largest third-party supplier of aluminum.
โข In February 2020, Glencore announced global marketing relationships with United States Strategic Metals. The relationship consists of a long-term agreement for 100% of the company's product. The companies are focusing on exploring commercial segments for offering raw materials.
๐๐ฒ๐ ๐๐ผ๐บ๐ฝ๐ฎ๐ป๐ถ๐ฒ๐ ๐ฃ๐ฟ๐ผ๐ณ๐ถ๐น๐ฒ๐ฑ ๐ฏ๐ ๐๐ฎ๐ฐ๐.๐ ๐ฅ
โข Alcoa Corporation
โข CODELCO
โข Emirates Global Aluminium (EGA)
โข First Quantum Minerals Ltd.
โข Glencore
โข JSW
โข KGHM
โข Norsk Hydro ASA
โข Rio Tinto
โข Rusal
๐ ๐ผ๐ฟ๐ฒ ๐ฉ๐ฎ๐น๐๐ฎ๐ฏ๐น๐ฒ ๐๐ป๐๐ถ๐ด๐ต๐๐ ๐ผ๐ป ๐ ๐ฒ๐๐ฎ๐น๐ ๐ถ๐ป ๐๐น๐ฒ๐ฐ๐๐ฟ๐ถ๐ฐ ๐ฉ๐ฒ๐ต๐ถ๐ฐ๐น๐ฒ ๐๐ต๐ฎ๐ฟ๐ด๐ถ๐ป๐ด ๐๐ป๐ณ๐ฟ๐ฎ๐๐๐ฟ๐๐ฐ๐๐๐ฟ๐ฒ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐
Fact.MR, in its report, offers a market analysis of the global metals in the electric vehicle charging infrastructure market analyzing the forecast period through 2022 and beyond. This survey reveals the growth of technology in the metals in electric vehicle charging infrastructure Market with detailed segmentation as follows: -
โข By Metals:
o Copper-based EV Charging Infrastructure
o Aluminium-based EV Charging Infrastructure
o Steel-based EV Charging Infrastructure
o Other Metals-based EV Charging Infrastructure
โข By Charging Port:
o Level 1 EV Charger
o Level 2 EV Charger
o DC Fast EV Charger (Level 3
โข By End Use:
o Private EV Charging Infrastructure
o Commercial EV Charging Infrastructure
โข By Region:
o North America
o Latin America
o Europe
o East Asia
o South Asia & Oceania
o MEA
๐๐ฒ๐ ๐ค๐๐ฒ๐๐๐ถ๐ผ๐ป๐ ๐ฐ๐ผ๐๐ฒ๐ฟ๐ฒ๐ฑ ๐ถ๐ป ๐๐ต๐ฒ ๐ ๐ฒ๐๐ฎ๐น๐ ๐ถ๐ป ๐๐น๐ฒ๐ฐ๐๐ฟ๐ถ๐ฐ ๐ฉ๐ฒ๐ต๐ถ๐ฐ๐น๐ฒ ๐๐ต๐ฎ๐ฟ๐ด๐ถ๐ป๐ด ๐๐ป๐ณ๐ฟ๐ฎ๐๐๐ฟ๐๐ฐ๐๐๐ฟ๐ฒ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐
โข What is the global metals in electric vehicle charging infrastructure market scenario?
โข How far is the global demand expected to reach over the forecasted period?
โข What was the last 5-year CAGR for the demand in the demand in the metals in electric vehicle charging infrastructure Market?
โข Who are the prominent players in the global metals in the electric vehicle charging infrastructure Market?
โข Which is the leading region in the metals in electric vehicle charging infrastructure Market?
๐๐ฒ๐ ๐๐๐๐๐ผ๐บ๐ถ๐๐ฎ๐๐ถ๐ผ๐ป ๐ผ๐ป ๐๐ต๐ถ๐ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐ ๐ณ๐ผ๐ฟ ๐ฆ๐ฝ๐ฒ๐ฐ๐ถ๐ณ๐ถ๐ฐ ๐ฅ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต ๐ฆ๐ผ๐น๐๐๐ถ๐ผ๐ป๐:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=7126?AS
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