Press release
Electric Vehicle Charging Stations Equipment Report 2023 : By Size, Share, Key Opportunities, Emerging Business Solutions And Outlook By 2032
Electric Vehicle Charging Stations Equipment Market
The Business Research Company's Electric Vehicle Charging Stations Equipment Global Market Report 2023 identifies National and international legislative policies for promoting the electric vehicle (EV) as the major driver for the Electric Vehicle Charging Stations Equipment market's growth in the forecast period. The scheme to provide incentives to motivate investors in buying electric vehicles and installing the EV charging stations help in driving the electric vehicle charging stations equipment market. This helps in boosting the electric vehicle charging stations equipment equipment market.
The global electric vehicle charging stations equipment market size grew from $5.4 billion in 2022 to $7.3 billion in 2023 at a compound annual growth rate (CAGR) of 35.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global electric vehicle charging stations equipment is expected to grow from $23.25 billion in 2027 at a CAGR of 33.6%.
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Major competitors in the Electric Vehicle Charging Stations Equipment market are ABB Ltd., Siemens AG, The New Motion BV, Tesla Motors Inc.
A key trend in the Electric Vehicle Charging Stations Equipment market includes ultra-quick DC charge stations. Ultra-quick DC charge helps in supplying direct power of up to 125 KW to the vehicles without any converter. These ultra-quick DC charge stations can charge 80% of the electric supply required for the vehicles within 20 min period. With the increasing demand for EVs, the need for more charging stations is increasing. To cope with the demand and availability of low-energy charging points and to deal with new upcoming EVs that require high power rates for charging, the ultra-quick DC charge station is the solution.
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The Electric Vehicle Charging Stations Equipment market is segmented -
• By Type: AC Charging, DC Charging, Inductive Charging
• By Vehicle Type: Battery Electric Vehicles (BEV), Plug-In Electric Vehicles (PHEV), Hybrid Electric Vehicles (HEV)
• By Charging Type: Level One Charging (120 Volts), Level Two Charging (240 Volts), DC Fast Charging (480 Volts)
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia Pacific was the largest region in the Electric Vehicle Charging Stations Equipment market.
The Business Research Company's "Global Electric Vehicle Charging Stations Equipment Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Electric Vehicle Charging Stations Equipment Market Include:
1. Executive Summary
2. Electric Vehicle Charging Stations Equipment Market Characteristics
3. Electric Vehicle Charging Stations Equipment Market Trends And Strategies
4. Electric Vehicle Charging Stations Equipment Market - Macro Economic Scenario
5. Electric Vehicle Charging Stations Equipment Market Size And Growth
…………………………………………
26. Africa Electric Vehicle Charging Stations Equipment Market
27. Electric Vehicle Charging Stations Equipment Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Electric Vehicle Charging Stations Equipment Market
29. Electric Vehicle Charging Stations Equipment Market Future Outlook and Potential Analysis
30. Appendix
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