Electric Vehicles Charging Stations Market Market Size 2017 and Industry Estimated to Rise Profitably with CAGR of More than 30% during Forecast Period 2017-2022

Market Research Future published a research report on “Electric Vehicles Charging Stations Market Research Report- Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Global Electric Vehicles Charging Stations Market Information Report, By Charging Type (AC Charging and DC Charging), By Connector (CHAdeMO, Combined Charging System and Others), by Application (Residential and Commercial) and By Region - Forecast To 2023

Market Highlights:

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.

Market Synopsis of Global Electric Vehicles Charging Station Market

Over the last couple of years, the automotive industry has undergone various technological advancements in electric vehicles, and the global market has acknowledged these advancements, while adopting electric vehicles. As a result, the demand for electric vehicles has increased enormously in various regions such as North America, APAC and Europe. Also the continuous rise in the sales of electric vehicles, has increased the need for charging stations.

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 been observed that the market demand will grow on a rapid pace during the forecast period. This market is expected to grow at ~ 30% CAGR 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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For the purpose of this study, the global electric vehicle charging stations market has been divided into three segments such as by charging type, by connector and by application. On the basis of charging type, the market has been segmented as AC charging and DC charging. As per the market analysis, DC charging has accounted the largest market share in 2016. DC charging tend to charge electric car much faster than AC charging. As a result, the demand for DC charging is augmenting the demand as it consume less time and are easily available. On the basis of connector, it has been segmented as CHAdeMO, combined charging system, and others. Among the connector types, CHAdeMO has accounted for the largest market share in 2016, followed by CSS and others. However, the application segments of the electric vehicle charging station are residential, and commercial.

Geographically, the global market has been divided into four major regions, and they are North America, Europe, Asia Pacific and Rest of the World. Asia-Pacific, of all the regions, has accounted for the largest market share, in 2016, followed by North America and Europe. In Asia Pacific, China has emerged as one of the leading markets for electric cars, in terms of sales. As per reforms the government has planned to ban the sale of all the petrol and diesel vehicles by 2019. However, the demand for electric cars is expected to increase in the future, thus expected to propel the growth here. Moreover, Japan, Singapore and South Korea government are also planning to take such initiatives.

The prominent players in the electric vehicle charging station market include Bosch Automotive Service Solutions (Germany), Bolloré Group (France), Chargemaster Plc (UK), Delphi Automotive (UK), ABB Ltd (Switzerland), General Electric Company (US), Tesla Motors Inc (US), Siemens AG (Germany), Eaton Corporation (Ireland), and Schneider Electric (France).

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This study provides an overview of the global Electric Vehicles Charging Stations market, tracking 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 Stations market by its type, end-use and region.

BRIEF TOC:
1. EXECUTIVE SUMMARY
2. RESEARCH METHODOLOGY
3. MARKET DYNAMICS
4. GLOBAL MARKET SEGMENTATION
5. REGIONAL MARKET ANALYSIS
6. COMPETITIVE ANALYSIS
7. CONCLUSION
8. LIST OF TABLES
9. LIST OF FIGURES

The report for Global Electric Vehicles Charging Stations market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

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