The global Electric Vehicle Charging Stations Market is forecasted to be worth USD 49.53 Billion by 2027, according to a current analysis by Emergen Research. An increase in the number of electric vehicles and advancement in technology will drive the demand for the market.To promote the electric vehicle charging infrastructure, a lot of governments at various levels have crafted regulations through mandating the “make-ready” infrastructure in buildings. The need to reduce the level of pollution and increased investment by the government is driving the demand for Electric Vehicle Charging Stations Market.
The report pays special attention to the key elements of the market, such as drivers, restraints, opportunities, threats, risks, limitations, and other aspects. The report covers a comprehensive analysis of the competitive landscape with a detailed analysis of the company profiles, product portfolio, and business expansion strategies. Each section of the report reveals critical information about the global Electric Vehicle Charging Stations market that could be used to ensure strong growth in the coming years.
To promote the electric vehicle charging infrastructure, a lot of governments at various levels have crafted regulations through mandating the “make-ready” infrastructure in buildings. Governments all over the world are investing heavily in the charging infrastructure to provide ample opportunities for the OEMs to expand their revenue and business. The recent advancements in the technology of EVs have provided a lucrative opportunity for its growth to transform the transportation sector.
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Key participants include ABB Ltd., Chargepoint, Inc., Tesla Inc., EVGO Services LLC, BP Chargemaster, SemaConnect Network, EV Connect, Greenlots, Electrify America LLC., and OPConnect, Inc., among others.
Level 2 charging stations use either single or three-phase AC power from the grid. AC level 2 is a 240-volt AC plug that requires the installation of home charging equipment. Level 2 charging can take place between 3 and 8 hours, depending on the battery capacity of the vehicle, and the charging rate falls within a range of 3kW to 20kW. CCS (Combined Charging System) is an open and universal charging standard for electric vehicles and covers single-phase AC, three-phase AC, and DC High-Speed Charging in both the European region and the US.
Electric Vehicle Charging Stations Market Size – USD 3.64 Billion in 2019, Market Growth – CAGR of 38.5%, Market trends –Reduction in the price of Lithium-ion batteries.
The need to reduce the level of pollution and increased investment by the government is driving the demand for Electric Vehicle Charging Stations Market. The electric vehicles are anticipated to approach cost-competitiveness with conventional fuel vehicles, due to the increased production volumes and reduction in battery costs during the forecast period.
Key geographical areas:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
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Charging Infrastructure Type Outlook (Revenue, USD Billion; 2017-2027)
Vehicle Type Outlook (Revenue, USD Billion; 2017-2027)
Plug-In Hybrid PHEV
Charging Level Outlook (Revenue, USD Billion; 2017-2027)
Level 1 (120 V)
Level 2 (208 V – 240 V)
Level 3 (Upto 600 V)
Application Outlook (Revenue, USD Billion; 2017-2027)
Radical Highlights of the Electric Vehicle Charging Stations Market Report:
Comprehensive overview of the Electric Vehicle Charging Stations market along with analysis of the changing dynamics of the market
Growth Assessment of various market segments throughout the forecast period
Regional and global analysis of the market players, including their market share and global position
Insightful information for the new entrants willing to enter the market
Details and insights about business expansion strategies, product launches, and other collaborations
The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis
Global Electric Vehicle Charging Stations Market Report – Table of Contents:
Chapter 1 includes the global Electric Vehicle Charging Stations market introduction, followed by the market scope, product offerings, growth opportunities, market risks, driving forces, and others.
Chapter 2 broadly categorizes the Electric Vehicle Charging Stations market on the basis of geography, and determines the sales, revenue, and market shares of each region over the estimated period.
Chapter 3 elaborates on the competitive outlook of the Electric Vehicle Charging Stations market, focusing on the major manufacturers and vendor landscape.
Chapter 4 exhaustively studies the key manufacturers of the Electric Vehicle Charging Stations industry, along with their anticipated sales and revenue shares.
Chapters 5 includes market segmentation based on product type, application range, and market players.
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