Press release
Electric Vehicle Charging Stations Market 2024 - Size, Share, Trends, Growth Analysis, and Outlook by 2033
Electric Vehicle Charging Stations Market
The Business Research Company presents an extensive market research report on the Electric Vehicle Charging Stations Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The electric vehicle charging stations market size has grown exponentially in recent years. It will grow from $7.74 billion in 2023 to $9.45 billion in 2024 at a compound annual growth rate (CAGR) of 22.1%. The growth in the historic period can be attributed to increasing investments by governments, reducing cost of ev batteries and growing demand for electrical vehicles..
The electric vehicle charging stations market size is expected to see exponential growth in the next few years. It will grow to $23.18 billion in 2028 at a compound annual growth rate (CAGR) of 25.1%. The growth in the forecast period can be attributed to rise in fuel rates, rising popularity of charging vehicles overnight at home for lower costs, rapid growth in ecommerce and restrictions on sales of petrol and diesel vehicles will drive the growth. . Major trends in the forecast period include focusing on charging as a service offerings in order to cater to more customers and offer greater flexibility, offering doorstep ev charging for improved private charging, focusing on ev roaming for effective on-demand service delivery and focusing on sustainable battery management systems..
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Key Market Players:
Major companies operating in the electric vehicle charging stations market report are Henry Schein Inc, Envista Holdings Corporation, Straumann Group, DENTSPLY Sirona, Dentium Co Ltd: Teld New Energy Co Ltd, IONITY, ChargePoint, Inc., EV Connect Inc, Blink Charging Co., Wanbang Xingxing Charging Technology Co., Ltd, Hangzhou Aoneng Power Supply Equipment Co., Ltd, Magenta Power Private Limited, Midgard Electric, Delta Electronics, Inc, XPeng Inc, TGood, Tata Motors Limited, Siemens AG, Schneider electric, Eaton, SemaConnect, ECOtality, Engie, Leviton Manufacturing Co., Inc, Webasto Group, TotalEnergies, Electra, AVT & Co, CityDock, Elektromobilita, ČEZ Group, GreenWay, PKN ORLEN, Tauron Polska, Revnet, PGE Polska Grupa Energetyczna S.A., Ekoenergetyka - Polska S.A., Phihong USA Corporation, EV Safe Charge Inc., Tesla, AeroViroment, Inc., Wi Tricity Corporation, Mojo Mobility, Inc., Enel X, Driivz Ltd, EVBox, Tritium, Wallbox Chargers, S.L., Metro Africa Xpress, Inc, GridCars (Pty) Ltd, Jaguar
Market Drivers:
Increasing tax incentives and subsidies given to local automakers to produce electric vehicles are driving the demand for the electric vehicle (EV) charging station market. Tax incentives and subsidies to the electric vehicle makers are encouraging automakers to make more Electric vehicles which will generate more demand for EV charging stations. China's subsidy policy caused a 53% increase in the manufacture and sale of electric vehicles in the country. Electric vehicle sales in China were almost four times the numbers sold in the USA, the growth in sales in China is majorly attributed to the subsidy policies and tax incentives given by the Chinese government.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/electric-vehicle-charging-stations-global-market-report
The electric vehicle charging stations market covered in this report is segmented -
1) By Installation Type: Home Charging System, Commercial Charging System
2) By Connector Type: CHAdeMO, CCS, GB/T, Tesla Supercharger, Other Connector Types
3) By Mode Of Charging: Plug In Charging System, Wireless Charging System
4) By Charging Station: AC Charging Station, DC Charging Station
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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