Press release
Electric Vehicles Charging Stations Market Trends Estimates High Demand by 2023
Electric Vehicles Charging Stations Market
The global electric vehicle market is a very dynamic and is expected to witness significant growth over the forecast period. As a result, the demand for its charging stations have also been fueled. During the last few years, the global electric vehicle charging stations market has seen remarkable growth due to the rise in the sales of electric vehicles. It has also been observed that the market demand will grow rapidly during the forecast period. This market is expected to grow at the CAGR of over30% during forecast period.
The global electric vehicle charging station market has been largely influenced by the growth in the number of electric cars and trucks, and government initiatives on reducing vehicles emissions. Focus on renewable forms of energy, and government regulations on tax exemptions on electric vehicles also lead to the growth of the market. In spite of the growth factors, the global market could face the challenges such as high installation cost, non-availability of public charging stations and slow charging time.
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Market Drivers:
• Growth in the number of electric cars and trucks
• Government initiatives on reducing vehicles emissions
• Focus towards renewables energies
• Government regulations on tax exemptions on electric vehicles
Market Research Analysis:
Geographically, Asia Pacific is the leading market for electric vehicle charging stations and has consumed the market share of more than 50% in 2016. Presence of China, Japan and South Korea is one of the major factors driving the electric vehicles market, which will increase the demand for charging stations. China is the largest market for electric cars and electric two wheelers. Since 2015, sales have been grown massively in China. However, it has created an ample scope for the manufacturers to cover the region. Moreover, the automakers such as Tesla, Tata Motors, Hyundai and others have decided to commence electric car production in India as well. This is a profitable decision as the government has been taking various steps to invest more into these countries.
Key Players of Electric Vehicles Charging Stations Market:
• Bosch Automotive Service Solutions (Germany)
• Bolloré Group (France)
• Chargemaster (UK)
• Delphi Automotive (UK)
• ABB Ltd (Switzerland)
• General Electric Company (US)
• Tesla Motors Inc (US)
• Siemens AG (Germany)
• Eaton Corporation (Ireland)
• Schneider Electric (France)
Scope of the Report:
This study provides an overview of the global electric vehicles charging station market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia-Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global electric vehicles charging station market by charging type, by connector, by application and by regions.
By Charging Type
• AC Charging
• DC Charging
By Connector
• CHAdeMO
• Combined Charging System
• Others
By Application
• Commercial
• Residential
By Regions
• North America
• Asia Pacific
• Europe
• Rest of the World
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Brief TOC:
1 Executive Summary
2 Research Methodology
2.1 Scope of the Study
2.1.1 Definition
2.1.2 Research Objective
2.1.3 Assumptions
2.1.4 Limitations
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
Continue…
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In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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