Press release
Global Electric Vehicle Charging Stations Equipment Market Comprehensive Study: Forecasted Market Size And Growth Rate
Electric Vehicle Charging Stations Equipment Market Trend
The Business Research Company offers in-depth market insights through Electric Vehicle Charging Stations Equipment Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The electric vehicle charging stations equipment market size has grown exponentially in recent years. It will grow from $192.15 billion in 2023 to $262.5 billion in 2024 at a compound annual growth rate (CAGR) of 36.6%. The growth in the historic period can be attributed to growing ev adoption, environmental concerns, government incentives, technological advancements, range anxiety mitigation.
The electric vehicle charging stations equipment market size is expected to see exponential growth in the next few years. It will grow to $819.66 billion in 2028 at a compound annual growth rate (CAGR) of 32.9%. The growth in the forecast period can be attributed to expanding ev market, government support, green energy transition, urbanization and population density. Major trends in the forecast period include ultra-fast charging, ev charging apps, wireless charging, v2g technology.
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Market Segmentation:
The type of electric vehicle charging station equipment is AC charging, DC charging, and inductive charging that are used in different vehicle types such as battery electric vehicles (BEV), plug-in electric vehicles (PHEV), and hybrid electric vehicles (HEV). The AC charging converts power from AC to DC and then feeds it into the car's battery. Different types of charging in electric vehicle charging stations equipment equipment are level one charging (120 volts), level two charging (240 volts), and DC fast charging (480 volts).
Major Driver - Incentive Schemes For Electric Vehicle Charging Station Equipment Market
National and international legislative policies for promoting the electric vehicle (EV) are driving the growth of the electric vehicle charging stations equipment equipment market. 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. For example, an attractive scheme was launched by the German government to provide a direct discount of $4,520 for EV buyers. Also, public funding for charging stations for every 50 km is provided in Norway. Thus, driving the EV charging stations market, thereby driving the electric vehicle charging stations equipment equipment market.
Competitive Landscape:
Major companies operating in the electric vehicle charging stations equipment market include ABB Ltd., Siemens AG, The New Motion BV, Tesla Motors Inc., ClipperCreek Inc., DBT SA, Chargemaster Plc, Engie SA, Fortum Oyj, Leviton Manufacturing Co, Qualcomm Inc., Robert Bosch GmbH, Schneider Electric SE, AeroVironment Inc., National Thermal Power Corporation, Mahindra Reva Electric Vehicles Pvt Ltd., Tata Power Ltd., ACME Group, ChargePoint Inc., BP plc, Shell plc, Webasto SE, Hyundai Motor Company, RWE AG, Mercedes-Benz Group AG, EVBox, Southern California Edison, San Diego Gas and Electric Co, PG&E Corporation, Blink Charging Co
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Top Trend - Technology Advancements With Ultra-Quick Dc Charge Stations In The Electric Vehicle Charging Station Equipment Market
Ultra-quick DC charge stations are trending in the electric vehicle charging stations equipment market. 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. There are 3 types of DC fast charging options such as Combined Charging System (CCS), CHAdeMO, and Tesla Supercharger. For example, in 2021, Electrify America opens 600 public ultra-fast electric vehicle charging stations equipment across the United States.
The Table Of Content For The Market Report 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
…..
27. Electric Vehicle Charging Stations Equipment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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