Press release
Electric Vehicle Charging Stations Market in Depth Analysis, Global Trends, Opportunities, New Technologies, Regional Analysis, Growth Factors and Forecast 2028
The global Electric Vehicle Charging Stations Market is expected to grow at 21% CAGR from 2019 to 2028. It is expected to reach above USD 110 billion by 2028 from USD 20 billion in 2019.Exactitude Consultancy research's "Electric Vehicle Charging Stations Market Forecast" study report focuses at sales and the overall global market for Electric Vehicle Charging Stations in 2022. The sales forecast for Electric Vehicle Charging Stations by region and market sector for the years 2023 through 2028 is then thoroughly analyzed. This study provides a comprehensive analysis of the global Electric Vehicle Charging Stations market, with sales of Electric Vehicle Charging Stations broken down by region, market sector, and sub-sector, in US$ million.
Based on market dynamics and development-promoting variables, the Electric Vehicle Charging Stations Market research assesses market valuation and growth rate. On the most recent business prospects, trends, and news in the sector. Along with a SWOT analysis of the major suppliers, the research also includes a thorough market study and vendor landscape.
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Market Overview:
An electric vehicle charging station is a piece of hardware used to connect electric vehicles and plug-in electric vehicles to an electrical source so they can be recharged. Charging stations are placed in public spaces like parking lots, shopping malls, and other places by private businesses or electric utility providers. Additionally, electric vehicle charging stations offer various charge levels, including level 1, level 2, and level 3. Additionally, there are numerous designs for electric vehicle charging stations, including wall-mounted or free-standing, single or multiple charging heads, commercial or residential grade, and indoor or outdoor installation.
competitive analysis
The research identifies the key establishes that will drive growth since demand is determined by a buyer's financial resources and the rate at which an item develops. Key companies and new entrants can gain insight into the spending reports of major market participants in this area, which will help them better appreciate the possibilities for investment in the global Electric Vehicle Charging Stations market. It can be used more effectively by both established and up-and-coming players in the market to gain a thorough understanding of the sector.
Major companies in Electric Vehicle Charging Stations Market are:
ABB (Switzerland), Shell (Netherlands), ChargePoint (US), Tesla (US), and BYD dominate the electric vehicle charging station market (China)
Recent Developments:
In January 2023, ABB E-mobility revealed its innovative Terra Home charging solution at CES 2023, the world's foremost technology event held in Las Vegas. It is set to be available for purchase around mid-2023. With its unique design, Terra Home empowers users to optimize their renewable energy usage, ultimately reducing their carbon impact.
In November 2022, ABB formed a strategic alliance with Tallarna Ltd. to expand its user-friendly energy management technologies offerings. The solution leverages AI-powered data analytics to make it easier to undertake decarbonization projects for large real estate portfolios and energy infrastructure. The platform provides a one-stop-shop for customers, showcasing energy optimization options, performance insurance, and third-party financing options.
In October 2022, Chargepoint launched the CP6000 charger. This comprehensive charging solution caters to the needs of European businesses and fleets, providing them with the tools they need to transition to electric mobility. It combines station hardware, network software, and customer support to offer a seamless experience. The CP6000 is designed to be scalable, flexible, reliable, and provide a superior driver experience, capable of charging 1 or 3-phase power with an adjustable output ranging from 3.7 to 22kw per port.
In October 2022, Eaton expanded its contract with the General Services Administration (GSA) to cover electric vehicle supply equipment (EVSE) and related services. This move is crucial in achieving the US goal of reaching net-zero emissions by 2050 and advancing the development of EV charging infrastructure.
In May 2022, Tata Power entered into a strategic partnership with Hyundai to build a robust EV charging network and accelerate the adoption of EVs across India
Electric Vehicle Charging Stations Market Segmentation:
Electric Vehicle Charging Stations Market by Charger Type, 2019-2028, (In USD Billion)
Fast
Slow/Moderate
Electric Vehicle Charging Stations Market by Charging Service, 2019-2028, (In USD Billion)
EV Charging Service
Battery Swapping Service
Electric Vehicle Charging Stations Market by Application, 2019-2028, (In USD Million)
Commercial
Private
Our market analysts are professionals at carefully categorizing the global Electric Vehicle Charging Stations market into various categories and assessing each segment's growth potential in detail. The research study begins with a comparison of the segments' consumption and growth rates throughout a nine-year assessment period. The report's segmentation study, which considers the market potential of the various categories examined, provides an excellent understanding of the global Electric Vehicle Charging Stations market. Businesses can better understand their target market by segmenting it, which enables them to create marketing plans and products that are tailored to particular categories. Here are two typical methods for market segmentation: by kind and by application.
This report also splits the market by region:
The United States, Canada, and Mexico make up North America, while Germany, France, the United Kingdom, the Netherlands, Switzerland, Belgium, Russia, Italy, Spain, and Turkey make up Europe. Other countries covered in the report include China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, and the rest of Asia-Pacific (APAC). Saudi Arabia, the United Arab Emirates, Israel, Egypt, South Africa, and the rest of the Middle East and Africa (MEA) are also included.
The overall part of the research also lists specific market-impacting variables and domestic market regulation changes that have an effect on the market's present and future tendencies. Some of the key data points used to estimate the market situation for specific nations are consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, and upstream and downstream value chain analysis. When giving prediction analysis of the country data, it also takes into account the presence and accessibility of international brands, the difficulties they encounter owing to strong or weak competition from local and domestic brands, the influence of domestic tariffs, and trade routes.
Strategic Points Covered in Table of Content of Global Electric Vehicle Charging Stations Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Electric Vehicle Charging Stations market
Chapter 2: Exclusive Summary - the basic information of the Electric Vehicle Charging Stations Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Electric Vehicle Charging Stations
Chapter 4: Presenting the Electric Vehicle Charging Stations Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country
Chapter 6: Evaluating the leading manufacturers of the Electric Vehicle Charging Stations market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
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