Electric vehicle Charging Infrastructure to grow at highest CAGR and reach remarkable market value during 2019 and 2023 due surge in demand of electric vehicles, increasing fuel prices, and expansion of global auto-manufacturers into new emerging markets and government initiatives. On the other hand, the emerging economies seeking more opportunities for electric vehicles will create ample scope for market growth.
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Key Players:
Bosch Automotive Service Solutions (Germany), Bolloré Group (France), Chargemaster Plc. (UK), Delphi Automotive (UK), ABB Ltd (Switzerland), General Electric Company (US), Tesla Motors Inc. (U.S.), Siemens AG (Germany), Eaton Corporation (Ireland), and Schneider Electric (France).
Global Electric Vehicle Charging Stations Market Analysis:
High initial cost associated with electric vehicles batteries is expected to act as a major hurdle for the electric vehicle charging station market. Although the electric vehicle battery prices have been declining at a steady pace, the batteries still constitute a major chunk of the electric vehicles price, thus alienating a significant customer base. One trend in the market is powering EV charging stations through renewable energy. Charging stations powered by solar panels is one such trend in the industry. The decreasing price of solar panels and their easy installations on business buildings and shopping malls are driving this trend in the market.
With OEMs focusing on connected electric vehicle solutions for customers with electric vehicles range anxiety, the market for electric vehicle charging stations is poised for rapid growth in the near future.
Electric Vehicle Charging Stations Market Segmentation:
Global Electric Vehicles Charging Stations Market is segmented in to 4 Key dynamics for an easy grasp and enhanced understanding.
Segmentation by Charging Type: AC Charging and DC Charging
Segmentation by Connector: CHAdeMO, Combined Charging System and Others
Segmentation by Application: Residential and Commercial
Segmentation by Regions: Comprises regions – North America, Europe, APAC and Rest of the World.
Electric Vehicle Charging Stations Market Regional Analysis:
This market for electric vehicle charging station has seen substantial growth over the past few years and it has been experienced that the market will remain on the same growth level till forecast period. Among the regions covered, Asia Pacific has accounted the largest market, followed by Europe and North America. Major factors that have driven the electric vehicles market are rapidly increasing sales of electric vehicles, supported by government initiatives and increasing fuel prices raising the demand of electric vehicles. The electric vehicle charging station market is currently flourishing in North America.
The massive outlay in the development of electric vehicle infrastructure in the form of recharge stations and other policies, are expected to drive the market for electric vehicle charging stations in this region. In North America, the sales of electric car have doubled since 2014, which clearly implies that the demand for electric vehicle charging stations have been rising on a rapid pace. Over the past few years, the sales of electric vehicles have doubled in the US, which means the market will generate ample revenue. The major factors that have driven the US market are rising demand for electric cars, government initiatives and high disposable income. Europe is one of the most promising regions in the electric vehicles market. This market has achieved an ample scope due to the presence of profitable countries such as Germany, UK, France, Norway and others.
Table Of Contents:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porters Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
4 Electric vehicle Charging Station Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
Continued…
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