Press release
EV Charging Infrastructure Market Projected to Grow at a CAGR of 34.9% and Surpass $18,589.0 Million from 2019 to 2026
EV Charging Infrastructure Market
As per a latest report published by Research Dive, the global EV charging infrastructure market is projected to register a revenue of $18,589.0 million at a CAGR of 34.9% during the forecast period from 2019 to 2026, increasing from $1,700 million in 2018.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐ง๐จ๐ฐ @ https://www.researchdive.com/download-sample/83
๐๐๐ซ๐ค๐๐ญ ๐๐ฒ๐ง๐๐ฆ๐ข๐๐ฌ
As per the analysts of Research Dive, the key evolutions in electric vehicles (EVs) and the supportive government policies for EV charging infrastructures are the major factors expected to boost the growth of the global market over the forecast period. In addition, technological advancements coupled with increasing investments by EV market players in EV charging stations infrastructure is projected to drive the market growth. Moreover, the increase in the number of installations of solar power-based charging station solutions across the globe is predicted to generate lucrative growth opportunities for the market by 2026. However, the high costs and stringent requirement for installation of infrastructure are estimated to hinder the market growth in the coming years.
๐๐๐ ๐ฆ๐๐ง๐ญ๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ซ๐ค๐๐ญ
The report has divided the EV charging infrastructure market into various segments based on type, charging level, application, and region.
By type, the AC charging system sub-segment is estimated to grow at significant rate and garner a revenue $7,900.3 million by 2026. This is mainly because AC charging systems have the ability to maintain communication with the vehicle's control system and provide controlled & safe charging to the vehicle. In addition, the ongoing technological advancements along with rising deployment of residential & public establishments is driving the sub-segment's growth.
By charging level, the level 3 (300-600V) sub-segment valued for $487.0 million in 2018 and is estimated to grow at significant CAGR during the forecast period. This is majorly because level 3 charging in the public charging areas such as mall parking and city parking garages can decrease the charging time and make it more efficient for users on-the-go.
By application, the private segment accounted for $1,067.6 million in 2018 and is projected to generate largest revenue share in the global industry by 2026. The owners of EVs are constantly looking to construct efficient charging station in their garages and parking area, as per their convenience. In addition, the adoption of EVs have rapidly increased across the globe. These factors are significantly impacting the growth of the sub-segment.
By region, the Asia Pacific market for EV charging infrastructure is projected to account for $5,762.6 million by 2026, and is anticipated to create huge opportunities for top investors of the market. This is mainly because the transition to EV's is swiftly progressing in the region as these electric vehicles support in tackling climate change. Besides, Asian countries such as Taiwan, China, and others have announced to phase-out fossil fuel cars and focus more on zero-emission vehicles in order to fulfil the increasing demand for EV. These factors are anticipated to accelerate the growth of the Asia Pacific market during the analysis period.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง @ https://www.researchdive.com/request-for-customization/83
๐๐ซ๐จ๐ฆ๐ข๐ง๐๐ง๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
The report presents several aspects of these major players such as business & financial performance, strategic moves by key players, latest developments, product portfolio, and SWOT analysis. Some of the top players of the global EV charging infrastructure industry are: ABB, Tesla, ChargePoint, Inc., Pod Point, Eaton, Leviton Manufacturing Co., Inc., ClipperCreek, Inc., Honeywell International Inc., Rittal GmbH & Co. KG, and GENERAL ELECTRIC. These players are implementing numerous strategies to gain a leading position in the global industry.
๐๐๐ฅ๐๐ญ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ:
EV Charging Station for Residential Market: https://www.researchdive.com/9232/ev-charging-station-for-residential-market
Automotive NVH Materials Market: https://www.researchdive.com/2916/automotive-nvh-materials-market
Automotive Wiring Harness Market: https://www.researchdive.com/3015/automotive-wiring-harness-market
Automotive Cyber Security Market: https://www.researchdive.com/3270/automotive-cyber-security-market
Retail Logistics Market: https://www.researchdive.com/9167/retail-logistics-market
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Research Dive maintaining the integrity and authenticity of the services, the firm provides services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With unprecedented access to several paid data resources, a team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable.
Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive delivers the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.
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