Global Electric Vehicle Charging Station Market Research Report 2020: COVID-19 Outbreak Impact Analysis
Brand Essence Market Research has developed a concise study on the Electric Vehicle Charging Station market to depict valuable insights related to significant market trends driving the industry. The report features analysis based on key opportunities and challenges confronted by market leaders while highlighting their competitive setting and corporate strategies for the estimated timeline.
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Global Electric Vehicle Charging Station Market is valued at USD 7361.99 Million in 2018 and expected to reach USD 73436.34 Million by 2026 with the CAGR of 38.90% over the forecast period. Growing adoption and sales of electric vehicles, along with the enactment of laws and subsidies for promoting the adoption of EVs and declining cost of batteries, are some of the major factors driving the growth of the market.
An electric vehicle charging station is the future of smarter, reliable, and emission-free mobility, accessible by everyone, everywhere. Electric vehicle charging station simply deliver energy to the vehicle in the generally form of high voltage AC or DC supply. They have the functions of the charger which must transform the electrical energy into a form which can be applied directly to the battery. Vehicle charging station, also called EV charging station, electric recharging point, charging point, charge point, ECS and electric vehicle supply equipment, electric vehicle charging station, it is a part in an infrastructure that supplies electric energy for the recharging of plug-in electric vehiclesâ€”including electric cars, neighborhood electric vehicles and plug-in hybrids.
Global electric vehicle charging station market is segmented in by installation type, supply type, connector type and by region. By installation type, the global electric vehicle charging station market is segmented as home charging stations and public charging stations. By supply type, global electric vehicle charging station market is segmented as AC charging stations, DC (fast) charging stations, and others (inductive). By connector type, global electric vehicle charging station market is segmented as CHAdeMO, CCS, GB/T, tesla supercharger, and others (inductive).
The regions covered in this electric vehicle charging station market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, the market of Oil Country Tubular Goods is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.
Key Players for Global Electric Vehicle Charging Station Market Reports: Some major key players for global electric vehicle charging station market are ChargePoint, ABB, Tesla, Engie, AeroVironment Mojo Mobility, GENERAL ELECTRIC, WI Tricity Corporation, EVgo ServicesLLC. and others.
ABB and Fastned celebrate launch of 100th charging location
Global Electric Vehicle Charging Station Market Dynamics:The demand of electric vehicle charging station is driving due to increase sale of electric vehicle. According to Edison Electric Institute, the sale of electric vehicle was about 312,000 in Q1 2018, an increase of 58% compared to Q1 2017. Additionally the increasing electric infrastructure and rising emission concern, government of all nations are supporting the demand of electric vehicle charging station. Furthermore fully charging EV is a time-consuming process and it can take some hours by using a household power supply. In addition, EVs are able to drive short distances compared to gasoline-engine vehicles. To resolve these issues, a charging infrastructure on a national scale is important; such factor drives the market growth. However, the high cost of investment and high cost of EV restrain the growth of market.
Global Electric Vehicle Charging Station Market Regional Analysis : Increasing number of electric vehicle charging station from Asia pacific is due to huge demand from countries such as China and Japan. Additionally India is taking initiatives to reduce greenhouse gas emissions by increasing the use of EVs. For instance on 17th Jul 2019 according to Auto Car India, Government of India taking incentivize to setting up minimum of 6,000 charging station. Furthermore, according to livemint, the Indian government Budget in 2019, planned to provide extra income tax deduction of on loans taken to purchase electric vehicles. Moreover, Vakrangee is going to invest and set up electric vehicle (EV) charging stations across India.
North America and Europe will continue to remain important in the global electric vehicle charging station market. The High awareness levels among people and strict pollution-control policies are fueling growth in countries of North America and Europe. The thriving EV automobile industry is also a positive for the North America electric vehicle charging station market. According to Edison Electric Institute, U.S. EV sales in Q1 2018 raised by around 32% as compare to Q1 2017, same in Europe growth of 39% in Q1 2018, and it is continuously grow and the demand of charging station in this region is controlled.
Global Electric Vehicle Charging Station Market Segmentation:
Global Electric Vehicle Charging Station Market: by Installation Type analysis:
â€¢AC Charging Station
â€¢DC Charging Station
Global Electric Vehicle Charging Station Market: by Supply Type analysis:
â€¢AC Charging Stations:
â€¢DC (Fast) Charging Stations
Global Electric Vehicle Charging Station Market: By Connector Type analysis:
This comprehensive report will provide:
â€¢ Enhance your strategic decision making
â€¢ Assist with your research, presentations and business plans
â€¢ Show which emerging market opportunities to focus on
â€¢ Increase your industry knowledge
â€¢ Keep you up-to-date with crucial market developments
â€¢ Allow you to develop informed growth strategies
â€¢ Build your technical insight
â€¢ Illustrate trends to exploit
â€¢ Strengthen your analysis of competitors
â€¢ Provide risk analysis, helping you avoid the pitfalls other companies could make
â€¢ Ultimately, help you to maximize profitability for your company.
Our Market Research Solution Provides You Answer to Below Mentioned Question:
â€¢ Which are the driving factors responsible for the growth of market?
â€¢ Which are the roadblock factors of this market?
â€¢ What are the new opportunities, by which market will grow in coming years?
â€¢ What are the trends of this market?
â€¢ Which are main factors responsible for new product launch?
â€¢ How big is the global & regional market in terms of revenue, sales and production?
â€¢ How far will the market grow in forecast period in terms of revenue, sales and production?
â€¢ Which region is dominating the global market and what are the market shares of each region in the overall market in 2017?
â€¢ How will each segment grow over the forecast period and how much revenue will these segment account for in 2026?
â€¢ Which region has more opportunities?
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The Essential Content Covered in the Global Electric Vehicle Charging Station Market Report:
* Top Key Company Profiles.
* Main Business and Rival Information
* SWOT Analysis and PESTEL Analysis
* Production, Sales, Revenue, Price and Gross Margin
* Market Share and Size
The report provides a 6-year forecast (2020-2026) assessed based on how the Electric Vehicle Charging Station market is predicted to grow in major regions like USA, Europe, Japan, China, India, Southeast Asia, South America, South Africa, Others.
Strategic Points Covered in TOC:
Chapter 1: Introduction, market driving force product scope, market risk, market overview, and market opportunities of the global Electric Vehicle Charging Station market.
Chapter 2: Evaluating the leading manufacturers of the global Electric Vehicle Charging Station market which consists of its revenue, sales, and price of the products.
Chapter 3: the competitive nature among key manufacturers, with market share, revenue, and sales.
Chapter 4: Presenting global Electric Vehicle Charging Station market by regions, market share and revenue and sales for the projected period.
Chapters 5, 6, 7, 8 and 9: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries in these various regions.
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