|
Comments
View Comments: newest first | oldest first | threaded
sagarkan
User Rank
Stock Keeper
Electric Vehicle Charging Stations Market Insights | Key players: ChargePoint, ABB, Tesla, Engie and AeroVironment
sagarkan   4/22/2019 2:40:38 AM
NO RATINGS

According to the new market research report "Electric Vehicle Charging Stations Market by Charging Station (AC Charging Station, DC Charging Station), Installation Type (Residential, Commercial), and Region (North America, Europe, Asia Pacific, and Row) - Global Forecast to 2023", the electric vehicle charging stations market is expected to grow from USD 5.30 Billion in 2018 to reach USD 30.41 Billion by 2023, at a CAGR of 41.8% between 2018 and 2023. Key factors such as government funding, subsidies, and incentives, growing demand for electric vehicles, growing concern toward environmental pollution, and heavy investment from automakers of EVs are driving the electric vehicle charging stations market.

DC charging station to hold the largest share of the electric vehicle charging stations market between 2018 and 2023

The ability of DC charging stations to charge an EV in lesser time compared to AC charging stations is the primary driving factor for the high growth rate of former in the electric vehicle charging stations market. Also, the increasing popularity of public charging stations is boosting the demand for DC charging stations. Furthermore, automakers are planning to invest in DC fast charging network to support their launch of long-range battery electric vehicles (BEVs).

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=21599205

Commercial installation to hold the largest share of the electric vehicle charging stations market between 2018 and 2023

The growth is attributed to an increased deployment of charging stations at public places such as shopping malls, commercial buildings, airports, and restaurants. The convenience of being able to use an EV charger while shopping or during office hours is expected to boost the adoption of electric vehicles. Furthermore, government offerings, such as tax credits, on the installation of publicly accessible stations are expected to boost the commercial installation of charging stations.

APAC held the largest share of the electric vehicle charging stations market in 2017

A majority of electric vehicle charging station installations in APAC are driven by huge demand in countries such as China and Japan. Currently, APAC is the largest market for electric vehicle charging stations globally. Furthermore, South Korea and India are taking initiatives to reduce greenhouse gas emissions by increasing the use of EVs. For instance, India, one of the largest contributors of greenhouse gases, has pledged to phase out petrol and diesel cars by 2030. This initiative by the Indian government is expected to create a huge demand for EVs and EV charging infrastructure in the country. Moreover, in September 2017, the Indian government decided to buy 10,000 electric cars from Tata Motors to replace old petrol and diesel cars used by government agencies. Furthermore, in September 2017, the Singapore government launched its first large-scale EV car sharing program. Under the car sharing program, BlueSG (Singapore), a subsidiary of Bollore Group, will install 500 charging stations equipped with 2,000 charging points in Singapore.

Major players in the electric vehicle charging stations market are ChargePoint (US), ABB (Switzerland), Tesla (US), Engie (France), and AeroVironment (US).





Twitter Feed
EBN Online Twitter Feed
EBN Dialogue / LIVE CHAT
EBN Dialogue enables you to participate in live chats with notable leaders and luminaries. Open to the entire EBN community of electronics supply chain experts, these conversations see ideas shared, comments made, and questions asked and answered in real time. Listed below are upcoming and archived chats. Stay tuned and join in!
Archived Dialogues
Live Chat 01/15: CPOs Re-Shape Their Business Roles
Increasingly chief procurement officers (CPOs) are re-shaping their organizational role to focus on creating results far beyond cost controls. A new IBM survey explores how.
Live Chat 11/12: Examining the Cyberthreat to Supply Chains
The number of cyberattacks is on the rise and hackers are targeting the supply chain. Drew Smith, founder and CEO of InfoArmor, will be on hand to discuss the reality of today's threat landscape and what to do about it.