This study provides an overview of the Global Electric Vehicle Charging Stations Market, tracking market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region.
Electric Vehicle Charging Stations Market Competitive Landscape:
Key players in Electric vehicle Charging Stations market are ABB Ltd. (Switzerland), AeroVironment Inc. (U.S.), Elektromotive Limited (U.K.), GE Company (U.S.), and Schneider Electric SE (France).
Electric vehicle Charging Stations market is volatile and highly competitive with the presence of some well-established vendors. These market participants are continuously implementing various strategies such as mergers, partnership, collaboration, product launches, etc. to gain a substantial edge over the market. Competition in the Electric vehicle Charging Stations market is heating up. As these key players are increasingly investing towards the development of new technology, many smaller companies will not be able to keep up with the technological pace.
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The increasing adoption of electric vehicles is expected to be more in the passenger cars segment, in comparison with the commercial vehicle segment. The increase in adoption, can be attributed to the growing research & development activities and initiatives undertaken to improve the existing EV models, and make them competitive with the available fuel-powered car models. Whereas, high cost of electric vehicles and the high speculation required in the underlying organization of charging stations are making significant barriers to development.
One trend in the market is powering EV charging stations through renewable energy. Charging stations powered by solar panels is one such trend in the industry. The decreasing price of solar panels and their easy installations on business buildings and shopping malls are driving this trend in the market. High initial cost associated with electric vehicles batteries is expected to act as a major hurdle for the electric vehicle charging station market. Although the electric vehicle battery prices have been declining at a steady pace, the batteries still constitute a major chunk of the electric vehicles price, thus alienating a significant customer base.
Global Electric Vehicles Charging Stations Market is segmented in to 4 Key dynamics for an easy grasp and enhanced understanding.
- Segmentation by Charging Type: AC Charging and DC Charging
- Segmentation by Connector: CHAdeMO, Combined Charging System and Others
- Segmentation by Application: Residential and Commercial
- Segmentation by Regions: Comprises regions – North America, Europe, APAC and Rest of the World.
Asia Pacific expected to be the largest market for electric vehicle charging stations during the forecast period. Asia Pacific is a lucrative market with high growth potential owing to the rapidly increasing numbers of electric vehicles in countries such as China and Japan. In the past few years, China has witnessed growth in both electric vehicles and their charging infrastructure. Moreover, Japan is referred as growth region for the EV charging stations and recently passed a key milestone by having more EV charging stations than petrol stations. Further, governments in the region are investing a large amount for the R&D related to EVs and the expansion of the charging infrastructure. Furthermore, companies are working towards upgrading Electric Vehicle Supply Equipment (EVSE) to make them more convenient.
List of Tables:
Table 1 Electric vehicle charging Stations Market: By Region, 2017-2023
Table 2 North America Electric vehicle charging Stations Market: By Country, 2017-2023
Table 3 Europe Electric vehicle charging Stations Market: By Country, 2017-2023
Table 4 Asia Pacific Electric vehicle Charging Stations Market: By Country, 2017-2023
Table 5 RoW Electric vehicle charging Stations Market: By Country, 2017-2023
Table 6 Electric vehicle Charging Stations Market, By Body Type, By Regions, 2017-2023
Table 7 North America Electric vehicle Charging Stations Market, By Body Type, By Country, 2017-2023
Table 8 Europe Electric vehicle Charging Stations Market, By Body Type, By Country, 2017-2023
Table 9 Asia Pacific Electric vehicle Charging Stations Market By Body Type, By Country, 2017-2023
Table 10 RoW Electric vehicle Charging Stations Market By Body Type, By Country, 2017-2023
List of Figures:
FIGURE 1 Research Process Of MRFR
FIGURE 2 Top Down & Bottom Up Approach
FIGURE 3 Market Dynamics
FIGURE 4 Impact Analysis: Market Drivers
FIGURE 5 Impact Analysis: Market Restraints
FIGURE 6 Porter’s Five Forces Analysis
FIGURE 7 Value Chain Analysis
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