Press release
EV Charging Smart Grids Market Expected to Hit USD 10.1 Billion by 2031: ABB Ltd., ChargePoint Inc., EVgo Services LLC, Schneider Electric.
EV Charging Smart Grids Market || 2024-2031
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What is the projected growth rate (CAGR) of the Global EV Charging Smart Grids market from 2024 to 2031, and what is the market value expected to change by 2031?
The Global EV Charging Smart Grids Market reached US$ 1.2 billion in 2022 and is expected to reach US$ 10.1 billion by 2031, growing with a CAGR of 30.0% during the forecast period 2024-2031.
The EV Charging Smart Grids Market focuses on integrating electric vehicle (EV) charging infrastructure with smart grid technology to optimize energy distribution. This market supports efficient energy flow, balancing supply and demand, reducing grid strain, and enhancing renewable energy use. It enables real-time monitoring, load management, and cost-efficient charging, accelerating sustainable EV adoption and improving grid resilience.
Key Developments:
On May 31, 2023, India's National Investment Promotion and Facilitation Agency announced the government's ambitious goal: by 2030, 30% of all vehicles on Indian roads will be electric. As battery prices continue to fall, this goal is expected to drive rapid growth in EV charging and smart grid systems across the country.
Earlier, on July 29, 2022, NITI Aayog's Joseph Teja delivered a keynote address highlighting strong support for the FAME II scheme, which includes a substantial 50% increase in subsidies. Additionally, the address introduced a proposed battery-swapping policy, further strengthening India's commitment to sustainable transportation.
List of the Key Players in the EV Charging Smart Grids Market:
ABB Ltd., ChargePoint Inc., EVgo Services LLC, Schneider Electric, Blink Charging Co., Toshiba Corporation, Mojo Mobility Inc., General Electric, Robert Bosch GmbH, Chargemaster plc.
Research Process:
Both primary and secondary data sources have been used in the global EV Charging Smart Grids Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.
Segment Covered in the EV Charging Smart Grids Market:
By Charging Station Type: Public Charging Stations, Private Charging Stations.
By Technology: Vehicle-to-Grid Technology (V2G)), Vehicles-to-everything (V2x).
Regional Breakout:
The global EV Charging Smart Grids Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.
✫ North America (U.S., Canada, Mexico)
✫ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
✫ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
✫ South America (Colombia, Brazil, Argentina, Rest of South America)
✫ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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This Report Unveils:
✔ Go to Market Strategy- A roadmap to successfully product launch or service in the target market.
✔ Gain a clear picture of the market's health and growth trajectory through neutral analysis.
✔ Deep Market Insights delve into development trends, competitor landscape, supply and demand dynamics, brand share & pricing analysis year-over-year growth patterns, and key players' performance.
✔ Upon request, we can provide customized reports focusing on specific regions or countries, offering a granular view of their markets.
✔ Identify high-potential niche segments and regions poised for significant expansion.
✔ Analysis of Market Size (historical and forecast) Total Addressable Market (TAM), Serviceable Available Market (SAM), and Serviceable Obtainable Market (SOM) to understand the market's overall size and your achievable market share.
✔ Gain a comprehensive understanding of the competitive landscape, including market share distribution, key players (innovators, startups, laggards, and pioneers), and their respective strengths and weaknesses.
**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**
Chapter Outline:
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: key insights, key emerging trends, etc.
Chapter 3: Manufacturers competitive analysis, detailed analysis of EV Charging Smart Grids manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 5 & 6: Revenue of EV Charging Smart Grids in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the EV Charging Smart Grids market in different market segments.
Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the EV Charging Smart Grids market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: The main points and conclusions of the report.
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Frequently Asked Questions
☞ What is the expected growth rate of the global EV Charging Smart Grids market for the forecast period?
☞ What are the key driving factors that are responsible to shape the fate of the EV Charging Smart Grids market during the forecast period?
☞ What will be the overall size of the market during the analysis period?
☞ What are the prominent market trends which influence the development of the EV Charging Smart Grids market across various regions?
☞ Who are the key market players and the market strategies that have helped them to secure the leading position in the global market?
☞ What are the challenges and threats that are likely to act as a barrier to the growth of the EV Charging Smart Grids market?
☞ What are the major opportunities that the companies can get to attain success in the world?
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