Electric Vehicle Charging Station Market

Electric Vehicle Charging Station Market Size 2022 Industry Updates, Leading Players, Future Growth, Business Prospects, Forthcoming Developments and Future Investments by Forecast to 2029

The Global Electric Vehicle Charging Station Market was valued around USD 18.22 billion in 2021 and is expected to reach USD 115 billion by 2028, at a CAGR of 35% between 2021 and 2028.

Global Electric Vehicle (EV) Charging Station Market

An Electric Vehicle (EV) charging station is a device that connects an EV to a source of electricity, permitting electric cars, neighbourhood EVs, and plug-in hybrids to be charged. Many stations offer some advanced features such as cellular connectivity, network connectivity, and smart mattering, while other are simple. The EV industry is growing rapidly around the world. The EV Charging Industry is a dynamic industry with a wide range of applications.

Market Overview

The adoption rate and interest in Electric Vehicle (EV) is increasing among customers cross the world. The interest of automakers in electric vehicles is driven by increasing investment in battery systems and high- stake in environment friendly technology.

Adding to it, the growing advancement in communication technologies such as real time information on all electric vehicle charging stations for smart connectivity will help to expand the market growth. But also, the increasing number of electric cars may affect the functioning of charging stations, such as the load level of transformer, load curve, and amount of power generation.

Market segment by Application can be divided into

  • Government
  • Public Space and Municipalities (Parks and Street)
  • Commercial Office Space
  • Healthcare
  • Retail
  • Hospitality
  • Residential
  • Logistics and Transportation (Fleet Services)
  • Education

The key market players for global Electric Vehicle Charging Station market are listed below:

  • AeroVironment
  • Bosch Automotive Service Solutions
  • ChargePoint
  • ClipperCreek
  • Delta Group
  • Eaton Plc
  • Enel Group
  • E-Station
  • General Electric
  • Hitachi
  • Leviton Manufacturing
  • Nichicon
  • Panasonic
  • Schneider Electric
  • SemaConnect
  • Siemens AG
  • Signet Systems
  • Tesla Motors
  • Toyota Industries

Market segment by Region, regional analysis covers

  • North America (United States, Canada and Mexico)
  • Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
  • Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
  • South America (Brazil, Argentina, Colombia, and Rest of South America)
  • Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

Read More About Electric Vehicle Charging Station Market Report @ https://crediblemarkets.com/sample-request/electric-vehicle-charging-station-market-352462

Covid-19 Insights

Covid-19 posed a serious threat to the market of EV charging station. The global pandemic has affected many industries. The Covid-19 crisis has caused disruptions in manufacturing and supply chain in the worldwide automotive industry. The increasing use of remote working practices during the lockdown period, predicted to impede the growth of automotive industry, limiting EV charging stations.

Covid-19 pandemic resulted in international borders being closed which resulted in a substantial drop in global demands in EVs. The Covid circumstances and the economic downturn have changed the market statistics across the world.

Key Companies Insights

Some of the key companies involved in the push of the market includes: –

ChargePoint Inc.; ABB; BpChargemaster; Webasto Thermo & Comfort; Shell International B.V.; Schneider Electric; Blink Charging Co.; Groupe Renault; Phihong USA Corp.; EV Safe Charge Inc.; Eaton; Tata Power; Tesla; SemaConnect Inc.; Daimler AG.; Siemens; EVgo Services LLC; ENGIE EV Solutions.

Economic Growth

The Global Electric Vehicle Charging Station Market was valued around USD 18.22 billion in 2021 and is expected to reach USD 115 billion by 2028, at a CAGR of 35% between 2021 and 2028.

Market Segmentation: Analysis

The Global Electric Vehicle Charging Station Market can be segmented on the basis of Charger Type; Application; Geography.

On the basis of Charger Type

  • Fast
  • Slow/ Moderate

On the basis of Application

  • Commercial
  • Residential

On the basis of Geography

  • North America (U.S., Canada and Mexico)
  • Europe (U.K., Germany, France, and rest of Europe)
  • Asia- Pacific (Japan, China, South Korea, India, and rest of Asia-Pacific)
  • Rest of the world.

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