Increased purchase of electronic vehicles (EVs) and increased government policies and funding for the development of EV charging stations
VANCOUVER, BRITISH COLUMBIA, CANADA, Nov. 8, 2022 /EINPresswire.com/ — Emergen Research’s latest market research report titled Global Electric Vehicle Charging Stations Market provides estimated market size and share , the latest industry trends, global market growth rates, key drivers and opportunities, restraints, product segmentation and major market players. Cost Structure, Market Size, Competitive Landscape, Product Portfolio and Specifications, and Company Profiles.
The global electric vehicle (EV) charging station market size reached USD 6.72 billion in 2021 and is expected to register a CAGR of 38.7% during the forecast period, according to the latest analysis from Emergen Research. . Rising purchases of e-vehicles, government policies, and funding for the expansion of electric vehicle charging stations are expected to support the market revenue growth between 2022 and 2030. The demand for electric vehicle charging stations continues to increase due to the increased adoption of electric cars across the world. Rising emissions of carbon dioxide (CO2) and other dangerous pollutants from transporting gasoline and diesel fuel have led people to switch to electric vehicles, which is expected to drive revenue growth over the next forecast period. Additionally, increasing adoption of green and renewable energy is also expected to drive the growth of the electric vehicle charging station market.
However, the high initial installation cost of electric vehicle charging stations is hampering the market revenue growth. The initial cost of installing and setting up an EV charging station is high, especially for Tier 3 and other fast charging stations. In addition, other expenses related to electricity, labor, maintenance, license taxes and installation of electric charging equipment increase the overall expenses to set up an electric vehicle charging station, which is expected to hamper the market revenue growth to some extent.
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This report is a fair prototype of the Electric Vehicle Charging Stations industry containing an in-depth study of the global Electric Vehicle Charging Stations Market. This report is a valuable source of data and information related to this industry. It covers various aspects of the industry with a particular focus on market scope and application areas. The report identifies the fundamental business strategies adopted by industry experts and offers an in-depth study of the value chains and distribution channels of the global market. The report authors have also analyzed current industry trends, growth potential, current overview, and market limitations.
Additionally, researchers have taken a close look at the significant changes that have taken place in the market as a result of the coronavirus outbreak. This is the latest report examining the economic situation of the EV charging station industry after the current pandemic. COVID-19 pandemic has significantly altered various aspects of the global Electric Vehicle Charging Stations market scenario. The latest report provides a comprehensive analysis of the impact of COVID-19 on the market, helping the readers to know the significant impact of the outbreak on the current and future scenarios of this business.
Key Market Aspects Studied in the Report:
Market Scope: The report explains the scope of various business opportunities in the global EV charging station market over the coming years. The estimated revenue accumulation over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides in-depth market insights to help readers formulate lucrative strategies for business expansion.
Competitive Outlook: Major companies operating in the Electric Vehicle Charging Stations market have been listed in this report. This section of the report focuses on the geographic scope and production facilities of these companies. To get ahead of their competitors, leaders rely more on offering products at competitive prices, according to our analysts.
Report Objective: The main objective of this report is to provide manufacturers, distributors, suppliers and buyers engaged in this industry with access to a deeper and improved understanding of the global Electric Vehicle Charging Stations market.
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The global electric vehicle charging station industry is highly consolidated owing to the presence of renowned companies operating in several international and local segments of the market. These players dominate the industry in terms of strong geographic reach and large number of production facilities. The companies are fiercely competitive against each other and excel in their individual technological capabilities, as well as product development, innovation and pricing strategies.
Key Market Players Profiled in the Report:
ABB Ltd., Tesla Inc., Chargepoint, Inc., BP Pulse, Schneider Electric SE, Semaconnect Network, EVGO Services LLC, EVBox Group, Eaton Corporation PLC, Shell PLC, Blink Charging Co., Siemens AG, Webasto SE and Hyundai Company automotive
Emergen Research has segmented the global electric vehicle charging station market on the basis of charge level, charging infrastructure, vehicle type, installation type, application, and region:
Billing Level Outlook (Revenue, USD Billion; 2019-2030)
Level 1 (120V)
Level 2 (208V-240V)
Level 3 (up to 600 V)
Charging Infrastructure Outlook (Revenue, USD Billion; 2019-2030)
Combine charging station (CCS)
Vehicle Type Outlook (Revenue, USD Billion; 2019-2030)
Plug-in hybrid electric vehicle (PHEV)
Electric passenger cars
Heavy duty vehicles
Light commercial vehicles
Plant Type Outlook (Revenue, USD Billion; 2019-2030)
Application Type Outlook (Revenue, USD Billion; 2019-2030)
North America (United States, Canada, Mexico)
Europe (UK, Germany, France, Italy)
Asia-Pacific (India, China, Japan, Korea)
Latin America (Brazil, Argentina, Ecuador, Chile)
Middle East and Africa (Egypt, Turkey, Saudi Arabia, Iran)
Key Reasons to Buy Global Electric Vehicle Charging Stations Market Report:
The latest report comprehensively studies the global Electric Vehicle Charging Stations market size and provides helpful inferences on numerous market aspects such as current business trends, market share, product offerings, and market share. of product.
The report offers an in-depth analysis of the regional market outlook.
It offers a detailed account of the end-use applications of the products and services offered by this industry.
The report holistically covers the latest developments taking place in this industry. Hence, it lists the most effective business strategies implemented by market competitors for ideal business expansion.
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