The electric vehicle charging equipment market is expected to develop linearly and reach a value of USD 32,443.6 million in 2023. By 2033, it is expected to have grown to USD 556,377 million, with a compound annual growth rate (CAGR) of 32.9%.
The market for electric vehicle charging equipment is mostly driven by the growing popularity of electric cars (EVs), and this trend is anticipated to have a favourable impact on the industry over the forecast period. The market for EVCEs is primarily being driven by the impressive increase in the use of electric vehicles. Governments around the world have pushed businesses and customers to switch from internal combustion engine vehicles to electric alternatives due to environmental concerns and technology improvements.
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Customers now have a stronger affinity for electric vehicles. In fact, 90% of respondents to a We Market Research poll from 2022 expressed strong consideration for purchasing an electric vehicle as their primary vehicle. From 70% in 2021, the consumer preference rate has increased globally.
Market Competitive Outlook
BlinkCharging, AeroVironment Inc., ChargePoint, Inc., ClipperCreek, Inc., Chargemaster PLC, Eaton Corporation, Siemens AG, Tesla, Inc., SIGNET EV INC., Schneider Electric SE
Market Segmental Analysis
Country Scope
U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria
By Charging Station Type
Normal Charging
Super Charging
Inductive Charging
By Power Type
AC Charging Station
DC Charging Station
By Installation Type
Portable
Fixed
By Product
Portable Charger
EV Charging Kiosk
Onboard Charging Station
Others
By Application
Commercial
Destination Charging Station
Highway Charging Station
Bus Charging Station
Fleet Charging Station
Others
Residential
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It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2020-2027.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the electric vehicle charging stations market include AeroVironment, Inc., ABB, BP Chargemaster, ChargePoint, Inc., ClipperCreek, Inc., Eaton Corp., General Electric Company, Leviton Manufacturing Co., Inc., SemaConnect, Inc., Schneider Electric, Siemens AG.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Electric Vehicle Charging Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/electric-vehicle-charging-stations-market/download-sampleMarket DynamicsThe global electric vehicle charging stations market is projected to witness impressive growth during the forecast period.
Rising electrification of vehicles due to a decline in fossil fuel reserves, significant import debt burden, and increasing carbon footprint is foreseen to amplify market growth.
Growing initiatives by the government and companies to bring more vehicles on the road will spur market growth further.
Governments and companies invest heavily in developing and expanding electric vehicle commercialization to get them all on the road and electric vehicle charging stations.
