As per Business Intelligence Insights (BII) study, the Global Electric vehicle charging infrastructure Market attained revenue growth of USD 18.80 billion in 2021 and it is projected to reach around USD 89.90 billion by 2028, growing at a 29.80% CAGR.
Charging stations installed in public spaces may prove to be the best approach for accelerating the adoption of electric vehicles. During the projection period, the increased use of electric vehicles in the automotive industry will raise the demand for charging stations. Intelligent back-end technology enables smart EV charging by providing charging station owners with real-time data from associated charging devices and charging events. Because the stations are cloud-connected, they may be managed based on a variety of signals, such as unpredictable energy output, local electricity consumption, the number of other vehicles being charged, and the use of electrical equipment on a nearby site.
Moreover, rising demand for residential charging stations and commercial infrastructure to charge plug-in electric vehicles, as well as increasing government initiatives to improve the electric vehicle charging infrastructure, are significant factors driving market revenue growth. Compared to public charging stations, private charging stations provide significant growth potential since they give a cheaper and more reliable alternative for charging electric automobiles, which is predicted to drive market revenue growth. Two significant factors are expected to limit market revenue growth over the forecast period: a lack of plug type standardization and high fast-charger setup expenses.
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Electric vehicle charging infrastructure Market: Companies Mentioned
• ABB
• BP Chargemaster
• ChargePoint, Inc.
• Clipper Creek, Inc.
• Eaton Corp.
• General Electric Company
• Leviton Manufacturing Co., Inc.
• Sem Connect, Inc.
• Schneider Electric
• Siemens AG
• Tesla, Inc.
• Wabasso SE
• Others
Key Highlights of the Report
• The fast charger segment led the market and accounted for more than 53.0% share of the global revenue in 2021, This is primarily due to rising demand for its use in commercial stations. Most companies have installed Level 1 DC fast chargers or Level 2 AC charging stations that can fully charge an electric vehicle in 4-6 hours. Furthermore, as part of their efforts to raise awareness about their electric automobiles, automakers are stressing the installation of electric vehicle charging stations for their employees.
• Electric vehicle charging infrastructure come in a variety of forms, including CHAdeMO, Combined Charging System (CCS), Others. CHAdeMO segment dominated the market with the highest revenue share of 54.7% and it is the most common application mode in the global healthcare sector. due to their incapability to support AC charging. Additionally, the present CHAdeMO connectors can deliver 62.5 kW of DC and are specified by Japan Electric Vehicle Standard (JEVS).
• The Asia Pacific electric vehicle charging infrastructure market increased rapidly in both developed and developing countries and accounted for the highest share of more than 59% of the global revenue. The presence of major automotive manufacturing enterprises is creating a market with a significant amount of potential for electric vehicle charging infrastructure installation. Increased government regulations on carbon emissions and pollution levels, as well as expanding usage of electric automobiles, which requires the building of charging infrastructure, are some of the factors driving opportunities. The growing economies of India and China are expected to be notable contributors in this region.
• The report contains qualitative and quantitative research on the global electric vehicle charging infrastructure Market, as well as detailed insights and development strategies employed by the leading competitors. The report also provides in-depth analysis of the market's main competitors, as well as information on their competitiveness. The research also identifies and analyses important business strategies used by these main market players, such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts. The study examines, among other things, each company's global presence, competitors, service offers, and standards.
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Revenue-generating Segment Highlights:
By Charger Type
• Slow Charger
• Fast Charger
By Connector Type
• CHAdeMO
• Combined Charging System (CCS)
• Others
By Application
• Commercial
• Residential
By Region
• North America
o U.S.
o Canada
• Europe
o Germany
o U.K.
o France
o Italy
o Spain
o Rest of Europe
• Asia Pacific
o China
o India
o Japan
o Rest of Asia Pacific
• Latin America
o Brazil
o Mexico
o Rest of Latin America
• Middle East and Africa
o UAE
o South Africa
o Rest of Middle East and Africa (MEA)
Ready to generate outstanding revenue opportunities with ‘Business Intelligence Insights (BII)’ exclusive Electric vehicle charging infrastructure market study. Highlights of the overall market will be included in the research, as well as frequently asked questions such as –
• What are the historical and projected revenue figures, as well as the CAGR, for the forecast period?
• What is the current trend taking place in the market space?
• What are the business techniques that will influence competitive scenarios as well as the market's growth potential?
• What market drivers, restraints, and challenges are influencing market demand and growth?
• In the approaching years, which regions and segments will generate significant revenue and emerge as industry leaders?
The Electric vehicle charging infrastructure Market report's competitive scenario examines, assesses, and positions firms based on a variety of performance characteristics. The financial performance of organizations over the last few years, growth plans, product innovations, new product launches, investments, market share growth, and so on are some of the elements analyzed in this research. Don't wait any longer; take a comprehensive approach and achieve your business objectives with our Electric vehicle charging infrastructure Market Forecast Report 2022- 2028 - Order Now!
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