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.

𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗦𝗮𝗺𝗽𝗹𝗲 𝗖𝗼𝗽𝘆 𝗼𝗳 𝗧𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁:
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.

𝗞𝗲𝘆 𝗧𝗮𝗸𝗲𝗮𝘄𝗮𝘆𝘀:

• By metal, copper is expected to account for more than 30% market share in 2022.
• By end-use, a commercial segment is expected to hold more than 75% market share.
• Europe expected to hold more than 30% market share for metals in electric vehicle charging infrastructure.
• The Asia Pacific is expected to dominate the market for metals in electric vehicle charging infrastructure by possessing more than 50% market share.
• The global market for metals in EV charging infrastructure to reach US$ 2 Bn by 2022.

𝗚𝗿𝗼𝘄𝘁𝗵 𝗗𝗿𝗶𝘃𝗲𝗿𝘀:

• Rapid adoption of electric vehicles will accelerate demand for metals in electric vehicle charging infrastructure.
• Increasing investment by developing countries in electrical vehicles augmenting demand for metals in electric vehicle charging infrastructure.

𝗖𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲 𝗟𝗮𝗻𝗱𝘀𝗰𝗮𝗽𝗲:

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.
• 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.
• 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.

𝗞𝗲𝘆 𝗖𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀 𝗣𝗿𝗼𝗳𝗶𝗹𝗲𝗱 𝗯𝘆 𝗙𝗮𝗰𝘁.𝗠𝗥

• Alcoa Corporation
• CODELCO
• Emirates Global Aluminium (EGA)
• First Quantum Minerals Ltd.
• Glencore
• JSW
• KGHM
• Norsk Hydro ASA
• Rio Tinto
• Rusal

𝗠𝗼𝗿𝗲 𝗩𝗮𝗹𝘂𝗮𝗯𝗹𝗲 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝗼𝗻 𝗠𝗲𝘁𝗮𝗹𝘀 𝗶𝗻 𝗘𝗹𝗲𝗰𝘁𝗿𝗶𝗰 𝗩𝗲𝗵𝗶𝗰𝗹𝗲 𝗖𝗵𝗮𝗿𝗴𝗶𝗻𝗴 𝗜𝗻𝗳𝗿𝗮𝘀𝘁𝗿𝘂𝗰𝘁𝘂𝗿𝗲 𝗠𝗮𝗿𝗸𝗲𝘁

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: -

• 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

• By Charging Port:
o Level 1 EV Charger
o Level 2 EV Charger
o DC Fast EV Charger (Level 3

• By End Use:
o Private EV Charging Infrastructure
o Commercial EV Charging Infrastructure

• By Region:
o North America
o Latin America
o Europe
o East Asia
o South Asia & Oceania
o MEA

𝗞𝗲𝘆 𝗤𝘂𝗲𝘀𝘁𝗶𝗼𝗻𝘀 𝗰𝗼𝘃𝗲𝗿𝗲𝗱 𝗶𝗻 𝘁𝗵𝗲 𝗠𝗲𝘁𝗮𝗹𝘀 𝗶𝗻 𝗘𝗹𝗲𝗰𝘁𝗿𝗶𝗰 𝗩𝗲𝗵𝗶𝗰𝗹𝗲 𝗖𝗵𝗮𝗿𝗴𝗶𝗻𝗴 𝗜𝗻𝗳𝗿𝗮𝘀𝘁𝗿𝘂𝗰𝘁𝘂𝗿𝗲 𝗠𝗮𝗿𝗸𝗲𝘁 𝗥𝗲𝗽𝗼𝗿𝘁
• What is the global metals in electric vehicle charging infrastructure market scenario?
• How far is the global demand expected to reach over the forecasted period?
• What was the last 5-year CAGR for the demand in the demand in the metals in electric vehicle charging infrastructure Market?
• Who are the prominent players in the global metals in the electric vehicle charging infrastructure Market?
• Which is the leading region in the metals in electric vehicle charging infrastructure Market?

𝗚𝗲𝘁 𝗖𝘂𝘀𝘁𝗼𝗺𝗶𝘇𝗮𝘁𝗶𝗼𝗻 𝗼𝗻 𝘁𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁 𝗳𝗼𝗿 𝗦𝗽𝗲𝗰𝗶𝗳𝗶𝗰 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗦𝗼𝗹𝘂𝘁𝗶𝗼𝗻𝘀:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=7126?AS

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This release was published on openPR.