New Research on Global Electric Vehicle Charging Station Market Showcases Promising Growth During Forecast 2017-2025

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The global electric vehicle charging stations market is prognosticated to witness a massively positive growth trajectory. According to a report, the market is anticipated undergo promising growth opportunities on account of the rising popularity and demand for electric vehicles (EVs). Presently, there are a number of noteworthy participants in the world electric vehicle charging market, such as Siemens AG, ClipperCreek, ChargePoint, Inc., and AeroVironment, Inc.

The worldwide electric vehicle charging station market is relied upon to achieve a valuation of US$37.48 bn by 2025. ventures the market to ascend at a vigorous 30.8% CAGR over the coming years. Territorially, Asia Pacific held the most noteworthy share of the worldwide market, and the Middle East and Africa market is predicted to exhibit a CAGR of 61.6% in over the duration of forecast i.e. 2017 to 2025.

Improving Infrastructure Boosts Asia Pacific Market for EV Charging Stations

Based on technology, the market will be dominated by level 2 chargers, i.e. the chargers offering capacities between 120 to 240 Volts. Being cost effective than fast charging level 3 chargers, and better that level 1 chargers are the factors pushing this segment. Based on the end utility, use in residential section domineered the market in 2016, and is expected to remain popular over the forecast duration. With the surge in the sales of electronic vehicles across the globe, even commercial and retail segments are anticipated to face better market opportunities.

Regionally, due to favorable government rules and rising awareness about the environment, Asia Pacific is set to emerge as the leading market. The improvement in infrastructure and disposable incomes of people are additional factors that will augment the market upsurge.

Technological Innovations to Offer Lucrative Market Opportunity

The V2G (vehicle to grid) system empowers the stream of energy between a matrix and electric drive vehicles and furthermore gives a system to enable the proprietor to speak with the power lattice. This system likewise empowers request reaction administrations, which expands the productivity of the system amid substantial burdens. The V2G innovation empowers the utilization of EVs as circulated stockpiling gadgets and furthermore helps in sparing the cost of electrical systems by giving control administrations, top load service, and request reaction and turning saves. This will prompt the expanded reception of V2G, which will be one of the significant patterns picking up footing in the electrical auto charging station market in the coming years.

On the drawback, high cost of electric vehicles and the high speculation required in the underlying organization of charging stations are making significant barriers to development. As the market keeps on reeling under these limitations, it is missing out on high undiscovered open doors particularly in economically developing countries. By and by, as car makers progressively concentrate on electric vehicle fabricating soon they will be out with innovations to cut down their generation cost. While this will help lessen the general cost of electric vehicle, it will make extensive development open doors for the electric vehicle charging station market too.

The electric vehicle charging station market report provides analysis for the period 2015–2025, wherein the period from 2017 to 2025 is the forecast period and 2016 is the base year. The report covers all the major trends and technologies playing a key role in electric vehicle charging station market growth over the forecast period. It also highlights the drivers, restraints, and opportunities expected to influence market’s growth during the said period. The study provides a holistic perspective on the electric vehicle charging station market’s growth throughout the above mentioned forecast period in terms of revenue and volume (in US$ Mn and Thousand units), across different geographies, including Asia Pacific, South America, North America, Europe, and Middle East & Africa (MEA).

The report also highlights the competitive landscape of the electric vehicle charging station market, thereby positioning all the major players according to their geographic presence and recent key developments. The comprehensive electric vehicle charging station market estimates are the result of our in-depth secondary research, primary interviews, and in-house expert panel reviews. These market estimates have been analyzed by taking into account the impact of different political, social, economic, technological, and legal factors along with the current market dynamics affecting the electric vehicle charging station market’s growth.

Global Electric Vehicle Charging Station Market: Scope of the Report

The market overview section of the report demonstrates the market dynamics and trends, such as the drivers, restraints, and opportunities that influence the current nature and future status of this market. An attractiveness analysis has also been provided for every geographic region in the report, in order to give a thorough analysis of the overall competitive scenario of the w electric vehicle charging station market, globally. Moreover, the report provides an overview of the various strategies of key players present in the market. Product definition and introduction chapter helps in understanding different technologies of electric vehicle charging station along with their applications which are included in the report.

Global Electric Vehicle Charging Station Market: Key Segments

The report segments the global electric vehicle charging station market on the basis of technology into level 1, level 2, and level 3. By end-use application, the market has been classified into government, public space and municipalities (parks and street), commercial office space, healthcare, retail, hospitality, residential, logistics and transportation (fleet services), education, and others. Thus, the report provides in-depth cross-segment analysis of the electric vehicle market and classifies it into various levels, thereby providing valuable insights at the macro as well as micro levels.

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On the basis of country, North American market is divided into The U.S., Canada and Mexico. Similarly, Europe market is divided into The U.K., Germany, France, and Rest of Europe. Asia Pacific has been segmented into China, Japan, Australasia, and Rest of Asia Pacific. Middle East and Africa covers the GCC, South Africa and Rest of Middle East and Africa. Similarly, South American region includes Brazil, and Rest of South America.

This report provides all the essential information required to understand the electric vehicle charging station and its components. Also, the report provides insights related to the policies and regulations according to the various geographical regions mentioned above. These policies and regulations are directly or indirectly influencing the electric vehicle charging station market. Furthermore, Porter’s Five Forces analysis explains the factors which are currently affecting the electric vehicle charging station market. This report also provides the value chain analysis for the electric vehicle charging station which explains the participants of the value chain.

Companies Mentioned in the Report

AeroVironment, Inc., Bosch Automotive Service Solutions Inc., ChargePoint, Inc., ClipperCreek, Inc., Delta Group, Eaton Plc, Enel Group, E-Station Pty Ltd., General Electric Co., Hitachi, Ltd., KYOCERA Corp., Leviton Manufacturing Co., Inc., Nichicon Corp., Panasonic Corp., Schneider Electric SE, SemaConnect, Inc., Siemens AG, Signet Systems Inc., Tesla Motors, Inc., Toyota Industries Corp. are some of the major players operating within the global electric vehicle charging station market profiled in this study. Details such as financials, SWOT analysis, business strategies, recent developments, and other such strategic information pertaining to these players have been duly provided as part of company profiling.

Electric Vehicle Charging Station Market

By Technology

Level 1
Level 2
Level 3

By End-use Application

Government
Public Space and Municipalities (Parks and Street)
Commercial Office Space
Healthcare
Retail
Hospitality
Residential
Logistics and Transportation (Fleet Services)
Education
Others

By Geography

North America
U.S.
Canada
Mexico
Europe
The U.K.
Germany
France
Rest of Europe
Asia Pacific
China
Japan
Australasia
Rest of Asia Pacific
Middle East and Africa (MEA)
GCC
South Africa
Rest of MEA
South America
Brazil
Rest of South America

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