Selbyville, Delaware, Oct. 13, 2020 (GLOBE NEWSWIRE) -- According to expert study, factors such as escalating demand for energy efficiency, green transportation, and emission mitigation, alongside strategic alliances in the automotive sector, and favorable government initiatives towards promoting environment sustainability are augmenting the growth of Europe EV charging infrastructure market size.
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Additionally, rising adoption of electric vehicles, escalating investments towards infrastructural development, increasing efforts to reduce costs of vehicle manufacturing, and growing focus on research & development to enhance product efficiency are further stimulating EV charging infrastructure market outlook in Europe.
Mounting emissions from on-road diesel vehicles, growing awareness about the environmental benefits of green fuel vehicles, and consumer inclination towards zero emission transmission due to rising taxation on conventional vehicles have impelled the product demand, which in turn is positively swaying the Europe EV charging infrastructure industry dynamics.
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Analyzing current type
The DC charging segment of Europe EV charging infrastructure market is expected to register significant growth during 2018 to 2025. Emphasis on widespread installation of ultrafast and fast charging stations as well as green energy systems, growing cognizance for environmental sustainability, and ability of the product type to receive and send utility pricing signals along with connections to the grid and energy storage are bolstering the growth of the segment.
Regional analysis
From regional frame of reference, Europe EV charging infrastructure industry is fragmented into France, Spain, Italy, Germany, and Netherlands.
Industry experts claim that Germany is expected to emerge as a major growth avenue for Europe EV charging infrastructure market over 2018-2025. Rising popularity of electric vehicles, mounting fuel prices, increasing preference of electric vehicles over conventional fuel-driven automobiles, growing awareness towards emission mitigation, and stringent regulations pertaining to greenhouse gas (GHG) emissions are fostering the deployment of EV charging stations in Germany.
Alternatively, Netherlands EV charging infrastructure market is anticipated to attain considerable expansion through 2025, owing to rising investments towards implementation of e-mobility, technological advancements, increasing focus on enhancing energy-efficiency, improving storage & production, and reducing costs.
Competitive landscape
Leading organizations that have an authoritative status in Europe EV charging infrastructure industry sphere are ABB Group, Groupe Renault, Schneider Electric, Royal Dutch Shell PLC, Daimler AG (Mercedes-Benz AG), GreenWay Infrastructure s.r.o, and Siemens AG among others.
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Europe EV Charging Infrastructure Market Current Type Sub-segments (Revenue, USD Million, 2014-2025)
AC
- Level 1
- Level 2
DC
Europe EV Charging Infrastructure Market Charging Site Sub-segments (Revenue, USD Million, 2014-2025)
- Private
- Public
Europe EV Charging Infrastructure Market Country Analysis (Revenue, USD Million, 2014-2025)
- France
- Spain
- Italy
- Germany
- Netherlands
Europe EV Charging Infrastructure Market Competitive Landscape (Revenue, USD Million, 2014-2025)
- ABB Group
- Groupe Renault
- Schneider Electric
- Royal Dutch Shell PLC
- Daimler AG (Mercedes-Benz AG)
- GreenWay Infrastructure s.r.o
- Siemens AG
Table of Content:
Chapter 1. Methodology and Scope
1.1. Methodology
1.2. Market definitions
1.3. Market estimates and forecast parameters
1.5. Abbreviations
Chapter 2. Executive Summary
2.1. Asia-Pacific market snapshot
Chapter 3. Europe EV Charging Infrastructure Market Industry Insights
3.1. Industry coverage
3.2. Industry size & forecast, 2014-2025
3.3. Value chain analysis
3.3.1. Company product snapshot
3.4. Regulatory norms & directives
3.5. Innovation & sustainability
Chapter 4. Europe EV Charging Infrastructure Market Share, By Current (Units) (USD)
4.1. Europe EV charging infrastructure market share by current, 2018 & 2025
4.2. AC
4.3. DC
4.3.1. Market estimates and forecast, 2014 - 2025
4.3.2. Market estimates and forecast, by country 2014 - 2025
Chapter 5. Europe EV Charging Infrastructure Market Size, By Charging Site (Units) (USD)
5.1. Europe EV charging infrastructure market share by charging site, 2018 & 2025
5.2. Public
5.2.1. Market estimates and forecast, 2014 - 2025
5.2.2. Market estimates and forecast, by country 2014 - 2025
5.3. Private
5.3.1. Market estimates and forecast, 2014 - 2025
5.3.2. Market estimates and forecast, by country 2014 - 2025
Chapter 6. Europe EV Charging Infrastructure Market Trends, By Country (Units) (USD)
Related Report:
EV Charging Infrastructure Market size, Growth Potential, Competitive Market Share & Forecast, 2019 – 2025
EV Charging Infrastructure Market size is set to surpass 9 million units by 2025, as per new research report. Rising demand for electricity along with increasing number of green energy vehicles will influence the product installation. Technological advancements combined with mounting investments in charging infrastructure development is set to propel the product penetration. Moreover, increasing focus toward clean power equipment to accomplish the set energy levels coupled with an improvement in the air quality are the underline parameters augmenting the business outlook.
Increasing awareness toward environment sustainability along with escalating demand for low carbon, electric fueled and energy efficient transportation is set to drive the EV charging infrastructure market growth. Growing energy prices, rapid industrialization coupled with numerous collaborations amongst various vehicle manufacturing companies including BMW Group and Nissan will encourage the product installation. Strict government policies and mandates aiming at carbon emission reduction will further boost the industry scenario.
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