The Absolute Markets Insights has been monitoring the Electric Vehicle (EV) Charging Station Market and it is poised to grow during 2021-2030 progressing at a CAGR of 29% during the forecast period. The report on Electric Vehicle (EV) Charging Station market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering various vendors.
Global Electric Vehicle (EV) Charging Station Market is dominated by a number of players, amongst them the major players are Schneider Electric SE, Eaton Corporation PLC, Engie SA, ABB Group and General Electric Company. Those companies in the industry are following different type of strategies to strengthen their own market position. The manufacturing players are expected to invest more on the R&D of new product development. Thus, manufacturing companies are likely to cooperate with consumers located in the electric vehicle industry in order to seek new product innovations.
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Key Findings of the Report
- DC Electric Vehicle Charging Station is the largest segment among product segments. DC electric vehicle charging stations take minimum time to charge the battery of electric cars when compared to AC EV charging stations.
- Level 2 AC EV charging station segment accounted the maximum market share in 2018 since it is compatible with all kinds of electric vehicles. CHAdeMO type of DC EV charging station segment has been registered as the largest market. It’s a type of fast DC charger which is identical across the globe and thus electric vehicle owners can take their vehicles to any country in the world and fast charge them.
- Commercial installations of Electric Vehicle (EV) Charging Station market is expected to grow with significant growth rate over the forecast period. Commercial electric vehicle charging stations can be installed in various places including taxi stands, government offices, retail stores, etc. As the number of plug-in electric vehicles is increasing, there is a growing demand for commercial installations.
- Private charging station is the fastest growing segment in the Electric Vehicle (EV) Charging Station market. Growing ties of charging station manufacturers with government regulatory bodies across the globe that offer superior charging ports and connectors is a major factor fueling the private charging station segment of the market.
- Asia Pacific is likely to witness fastest growth during the forecast period. The demand of electric vehicle (EV) charging station in the region will increase at a significant CAGR during the forecast period due to expansion of the electric vehicle industry in the region.
Electric Vehicle (EV) Charging Station Market Segmentation:
By Product Type:
- AC EV Charging Station
- DC EV Charging Station
By AC EV Charging Station
- Level 1
- Level 2
By DC EV Charging Station
- CHAdeMO
- Combined charging station
- Others
By Installation Type
- Residential
- Commercial
By Supplier Type
- Private Charging Station
- OE Charging Station
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