NEW YORK, Jan. 18, 2022 /PRNewswire/ -- The latest
electric vehicle (EV) charging station market research report,
Electric Vehicle (EV) Charging Station Market by Type and
Geography - Forecast and Analysis 2021-2025", by Technavio
infers that the increasing sales of BEVs and PHEVs to achieve
growth opportunities is notably driving this market's growth.
Resulting in market growth of USD 22.02 billion from 2020 to
2025, read additional information about the
market, get a FREE sample
report.
Vendor Landscape
The market structure is expected to
remain fragmented during the forecast period. Vendors are deploying
different organic and inorganic growth strategies to compete in the
market.
ABB Ltd., ChargePoint Inc., ENGIE
SA, EV Safe Charge Inc., EVgo Services LLC, Leviton
Manufacturing Co. Inc., Schneider Electric SE, Siemens AG, Tesla
Inc., Webasto SE among others are of the few key vendors competing
to maintain their market position in the market.
Various players in the market are engaging in strategic
partnerships and joint ventures coupled with launching
differentiated products to up their game in the high-end bicycle
industry. For instance, in January
2021, the company launched a new public fast charger
Sicharge D for the IEC markets with a voltage range up to 1,000
V.
View more about the
market's vendor landscape highlights with a comprehensive list of
vendors and their offerings.
Key Market Segmentation
- Segmentation by Type:
-
- AC:
-
- Low set-up, installation, and maintenance costs are typical of
AC charging stations, which is one of the main reasons for their
growing popularity. AC charging stations are a simple and
convenient way to charge electric vehicles. They can deliver up to
22kW of electricity. For AC charging, an onboard charger is
necessary, which is found in practically all-electric vehicles on
the market today. These days, AC charging stations interface with
an EV's control system to enable optimal charging. The lengthy
charging time of an AC charging station is a key disadvantage,
which can be ascribed to the tiny size of the onboard charger in
electric vehicles.
Request a FREE Sample of this
report for more highlights into the market segments.
Regional Market Outlook
APAC will contribute 46% of
the market growth during the forecast period. The growth of
this region can be attributed to the availability of a large number
of vendors and the growing disposable income of a major share of
the population.
Apart from regions, if we look at the country-wise market
growth, China, US, France, Germany, UK, and Switzerland will contribute to the highest
market growth.
Download our FREE sample
report for more key highlights on the regional
market share of most of the above-mentioned countries.
Latest Trends, Driving the Global High-End
Bicycle Market
- Market Driver:
-
- An increasing number of M&A and strategic
partnerships:
Advances in electric vehicle technology, improvements in
charging infrastructure, and increasing socioeconomic conditions
all contribute to increased demand for BEVs and PHEVs, which drives
up the use of EV charging stations. Government authorities are
supporting the usage of electric vehicles in response to growing
worries about pollution and the depletion of conventional energy
sources. Reduced taxes, funding, or the easier and faster
installation of EV charging stations at various public stations,
residential, and business sectors are all examples of government
support. Governments in several markets are giving subsidies and
incentives for the use of EV charging options, which is helping to
improve BEV and PHEV sales. During the projection period, the
growth of the EV charging station market would be influenced by the
increase in sales of BEVs and PHEVs.
- Market Trend:
-
- An increasing number of launches in the field of EV charging
solutions:
-
- One of the most important electric vehicle charging station
market trends in the development of smart grids for EV charging,
which will help to expand the use of variable generation
technologies. It encompasses grid applications such as smart energy
meters, supervisory control, and data acquisition (SCADA) systems,
IT, and other communication systems. Globally, EV charging
solutions are improving significantly. Prominent vendors operating
in the market have showcased and launched advanced EV chargers in
the last couple of years. Growth in the number of EV charging
solutions is expected to act as a market enabler during the
forecast period.
Find additional information about various
other market drivers & trends mentioned in our FREE sample
report.
Need More? Are You Looking for Information Not Covered in
This Report?
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methodology?
- Evaluate a specific segment or region in detail
- Identify key suppliers, customers, or other market players
- Analyze market regulations
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Electric Vehicle
(EV) Charging Station Market Scope
|
Report
Coverage
|
Details
|
Page
number
|
120
|
Base year
|
2020
|
Forecast
period
|
2021-2025
|
Growth momentum &
CAGR
|
Accelerate at a CAGR
of 31%
|
Market growth
2021-2025
|
$ 22.02
billion
|
Market
structure
|
Fragmented
|
YoY growth
(%)
|
24.28
|
Regional
analysis
|
APAC, Europe, North
America, MEA, and South America
|
Performing market
contribution
|
APAC at
46%
|
Key consumer
countries
|
China, US, France,
Germany, UK, and Switzerland
|
Competitive
landscape
|
Leading companies,
competitive strategies, consumer engagement scope
|
Companies
profiled
|
ABB Ltd., ChargePoint
Inc., ENGIE SA, EV Safe Charge Inc., EVgo Services LLC, Tesla Inc.,
Leviton Manufacturing Co. Inc., Schneider Electric SE, Siemens AG,
and Webasto SE
|
Market
Dynamics
|
Parent market
analysis, Market growth inducers and obstacles, Fast-growing and
slow-growing segment analysis, COVID 19 impact and future consumer
dynamics, market condition analysis for the forecast
period,
|
Customization
purview
|
If our report has not
included the data that you are looking for, you can reach out to
our analysts and get segments customized.
|
About Us
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Technavio Research
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