EV Charging Station Market is Set To Fly High in Years to Come | Mojo Mobility, EVgo Services, ABB Group
According to HTF Market Intelligence, the Global EV Charging Station market to witness a CAGR of 31.65% during forecast period of 2023-2028. The market is segmented by Global EV Charging Station Market Breakdown by Application (Public, Private) by Type (AC Level 2, DC, Others) by Installation Type (Fixed, Portable) and by Geography (North America, South America, Europe, Asia Pacific, MEA). The EV Charging Station market size is estimated to increase by USD 36105.3 Million at a CAGR of 31.65% from 2023 to 2028. The report includes historic market data from 2017 to 2022E. Currently, market value is pegged at USD 16034.68 Million.
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An EV (Electric Vehicle) charging station market refers to the market for infrastructure designed to charge electric vehicles, including cars, trucks, buses, and other vehicles that run on electricity. An EV charging station is a device that provides electricity to an electric vehicle, which is typically charged by plugging the vehicle into the station.
EV Charging Station market – Key Segment Analysis
The market share growth by the AC Level 2 segment will be significant during the forecast period. The segment is driven by the Increasing demand for electric vehicles: As more people switch to electric vehicles, the demand for EV charging stations is expected to grow. According to a report by BloombergNEF, the number of electric vehicles on the road is expected to increase from 11 million in 2020 to 140 million by 2030..
EV Charging Station market – Competition Analysis
The global EV Charging Station market is seeing several joint ventures to intensify the capability of manufacturers and/or companies to establish geographic footprints to new territory. The vendors are accelerating M&A strategies to expand their geographical reach, which is shaping the market toward new growth cycle. The list of players that are profiled in the study are Mojo Mobility (United States), EVgo Services LLC (United States), ABB Group (Switzerland), Schneider Electric SE (France), Chargemaster Plc (United Kingdom), Siemens AG (Germany), Tata Power (India), Delta Electronics, Inc. (Taiwan), GENERAL ELECTRIC (United States), ChargePoint (United States), Tesla, Inc, Qingdao Tgood Electric Co Ltd, Royal Dutch Shell Plc.
EV Charging Station market – Geographical Outlook
Asia Pacific will provide maximum growth opportunities in EV Charging Station market. According to our research, the region will account for 48.92% of the global market growth during the forecast period. The market in Asia Pacific is driven by Integration with Renewable Energy: With a growing interest in renewable energy, there is an increasing trend toward integrating EV charging stations with solar panels and other renewable energy sources. This not only helps reduce the carbon footprint of EV charging but also provides an opportunity for renewable energy companies to expand their customer base..
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What key data is demonstrated in this EV Charging Station market report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the EV Charging Station market between 2023 and 2028
- Precise estimation of the size of the EV Charging Station market and its contribution to the parent market
- Accurate predictions about upcoming trends and changes in consumer behaviour
- Value in dollar term and growth of the market industry across APAC, Europe, North America, South America, and Middle Eastand Africa; further broken down by major country within region.
- Thorough analysis of the market’s competitive landscape and detailed information about vendors
- Comprehensive analysis of factors that will challenge the growth of EV Charging Station market players
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Some Extracts from Table of Content
Some Extracts from Table of Content
– Overview of EV Charging Station Market
– Market dynamics
Growth Drivers, Market Trends, Opportunities and Challenges
– Five Forces Analysis
Bargaining power of buyers, bargaining power of suppliers, Threat of new entrants, Threat of substitutes, Threat of rivalry
– EV Charging Station Size (USD & Sales Volume) Comparison by Type (2017-2028)
– EV Charging Station Size (USD & Consumption) and Market Share Comparison by Application (2017-2028)
– EV Charging Station Size (Value & Volume) Comparison by Region (2017-2028)
– Market Capacity, Production, Export-Import by Region (2017-2022E)
– EV Charging Station Market Sales, Revenue and Growth Rate (2017-2028)
– Competitive Situation and Trends
– Market Positioning and Share Analysis (2020-2022E)
– Suppliers High-Performance Operational Base Distribution
– Analyse competitors, Profiles, Sales Area, Product Category
– EV Charging Station Cost Analysis
– Marketing Strategy Analysis
– Research Conclusions
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