Electric Vehicle Charging Infrastructure Market | Size, Trends, share And Revolutionary Opportunities 2027
Global Electric Vehicle (EV) Charging Infrastructure Market volume was 2,115 Thousand Units in 2020 and the total revenue is expected to grow at 46.6 % through 2021 to 2027, Electric Vehicle Charging Infrastructure Market is reaching nearly 30,758 Thousand Units. By 2027.
Electric Vehicle (EV) Charging Infrastructure Market Overview:
The market report for Electric Vehicle (EV) Charging Infrastructure provides a comprehensive analysis of the competition together with data on market share and company profiles for the top international rivals. The study's scope covers a thorough analysis of the Electric Vehicle (EV) Charging Infrastructure Market as well as the variables affecting regional variances in the sector's growth.
Market Scope:
Extensive primary research was conducted to collect data and verify key figures once market engineering, which involved market statistics calculations, market size estimates, market projections, market breakdown, and data triangulation, was finished. Top-down, bottom-up, and other data triangulation approaches were frequently used throughout the market engineering process to conduct market estimates and forecasting for the overall market segments and sub-segments described in this study. All data gathered during the market engineering process is subjected to extensive qualitative and quantitative analysis in order to give crucial information throughout the study.
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Drivers:
The number of locations for charging electric vehicles is growing. The rapidly expanding electric vehicle market is pushing forward electric vehicle infrastructure and technology. The benefits of electric vehicles—which include lower fuel consumption and engine pollution—are increasing their popularity on a global scale. As a result, the market is likely to grow as demand for the infrastructure needed for electric vehicle charging increases. Charging stations are being built quickly as part of government initiative programmes, and electric vehicle manufacturers are working together to build charging stations in parking lots. To increase sales of electric vehicles, electric vehicle manufacturers are concentrating on creating charging stations for electric vehicles that are similar to gas pumps.
Segmentation:
The market is divided into two sub-segments based on charger type: slow charger and fast charger. With more than 93.0 percent of global sales in 2020, the fast charger type segment dominated the market. The increase was attributed to the high demand for rapid chargers in commercial charging stations. Most businesses have Level 1 DC fast chargers or Level 2 AC charging stations, which can take 4 to 6 hours to fully charge an electric vehicle. The installation of EV charging stations for their staff is another priority for automakers as part of their efforts to raise awareness about their electric vehicles.
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Key Players:
Both primary and secondary research are carried out to determine the market's leaders and forecast market revenue. The in-depth interviewees for the main study included CEOs, marketing executives, and seasoned front-line workers, to name just a few notable thought leaders and subject matter experts. In-depth interviews with significant thought leaders and business experts, including CEOs, marketing executives, and seasoned front-line personnel, were done as part of the primary research.
Reviewing the annual and financial reports of the major manufacturers was done as part of the secondary study. To compute percentage splits, market shares, growth rates, and global market breakdowns, secondary data is used. The outcomes of these calculations are then contrasted with original information. The following companies dominate the Electric Vehicle (EV) Charging Infrastructure market:
• ABB Group
• AeroVironment, Inc.
• Elektromotive Limited
• ChargePoint, Inc.
• Schneider Electric SE
• Chargemaster Plc
• Delphi Automotive LLP
• Eaton Corporation
• Siemens AG
• SemaConnect, Inc.
• ClipperCreek, Inc.
• Tesla Motors, Inc.
• General Electric Company
• Leviton Manufacturing Co., Inc.
• Engie
• EVgo
• ChargePoint
• Blink Network
• BYD Company
Regional Analysis:
The specific market driving forces and changes in market legislation affecting present and future market trends are also included in the regional market research report for Electric Vehicle (EV) Charging Infrastructure. In order to assess the potential market as a whole and identify profitable patterns to build a stronger foundation, current and upcoming trends are researched. The current environment and expected trends form the foundation of the regional market's evaluation.
COVID-19 Impact Analysis on Electric Vehicle (EV) Charging Infrastructure Market:
The growth of end-user industries using Electric Vehicle (EV) Charging Infrastructure declined between January 2020 and May 2020 as a result of a halt in operations. These nations included China, the United States, the United Kingdom, Spain, France, Italy, and Spain. As a result, both the market for Electric Vehicle (EV) Charging Infrastructure manufacturers and the earnings of businesses involved in these industries saw a dramatic fall. The market's growth in 2020 was impacted by this. End-user business demand for Electric Vehicle (EV) Charging Infrastructure has been significantly reduced as a result of lockdowns and an increase in COVID-19 incidents globally.
Key Questions Answered in the Electric Vehicle (EV) Charging Infrastructure Market Report are:
- What market sector represented the most percentage of Electric Vehicle (EV) Charging Infrastructure in 2021?
- To what extent is the marketplace competitive?
- What are the main elements impacting the development of the Electric Vehicle (EV) Charging Infrastructure market?
- Which region commands the largest market share in Electric Vehicle (EV) Charging Infrastructure?
- What is the expected CAGR for the market from 2022 to 2029?
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