Sandy, Utah, USA, Nov. 28, 2022 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “Electric Vehicle Charging Station Market Size, Trends and Insights By Charger Type (Fast Charger, Slow Charger), By Connector (CHAdeMO, Combined Charging System (CCS), Others), By Application (Residential, Commercial), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030” in its research database.
“According to the latest research study, the demand for global Electric Vehicle Charging Station Market size & share was valued at approximately USD 35 Billion in 2021 and is expected to reach USD 77.78 billion in 2022and is expected to reach a value of around USD 420 Billion by 2030, at a compound annual growth rate (CAGR) of about 32% during the forecast period 2022 to 2030.”
The report analyses the Electric Vehicle Charging Station market’s drivers and restraints and their impact on demand throughout the projection period. In addition, the report examines global opportunities in the global Electric Vehicle Charging Station market.
Electric Vehicle Charging Station Market: Overview
Due to the enormous environmental harm caused by gas-powered automobiles and concerns over greenhouse gas emissions, sales of electric vehicles are still rising quickly. As petrol prices surge to record highs, EV adoption is accelerating in the United States. According to an American Automobile Association survey, one-fourth of Americans planned to buy an EV. Additionally, 77% of those interested in buying a plug-in car noted that their desire to save money on gas sparked their interest. Such factors are likely to boost the market for EV charging station market.
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Growth Factors
The requirement for the use of electric vehicles has been prompted by the rising levels of carbon emissions and other dangerous substances resulting from transportation. Subsequently, there is a growing need for an electric vehicle (EV) charging infrastructure in both business and residential settings. Additionally, expanding collaborations between automakers to provide charging stations using a subscription model is anticipated to fuel industry expansion.
Furthermore, it is anticipated that green energy will substantially impact both public and private electric vehicle charging stations. The biggest issue for EV owners is carbon emissions. Companies are quickly advancing the charging technologies used in their electric vehicle charging networks to alleviate these issues.
(A free sample of the Electric Vehicle Charging Station report is available upon request; please contact us for more information.)
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- Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2022
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- Custom Market Insights (CMI) research methodology
(Please note that the sample of the Electric Vehicle Charging Station report has been modified to include the COVID-19 impact study prior to delivery.)
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Segmental Overview
The market for Electric Vehicle Charging stations is segmented into charger type, connector, and application. Due to initiatives and budget allocations by governments and automakers for extending public EVCI infrastructure, the commercial segment accounted for over 80% of revenue share in 2021. As overnight charging or charging at home would not be sufficient for long-distance travel, the construction of supporting infrastructure in public locations is required. The growth is further fueled by partnerships between several public transportation organizations and automakers to construct electric bus charging stations.
In 2021, the CHAdeMO market category dominated the market 2021. This is primarily because it is easy to handle and works with most electric cars, including those made by GM, BMW, and VW. Additionally, it allows for greater design freedom for electric vehicles because it only needs one charging port instead of two for CHAdeMO connectors, which can’t handle AC charging. The current CHAdeMO connectors are also required by the Japan Electric Vehicle Standard and can deliver 62.5 kW of DC (JEVS).
Key questions answered in this report:
- What is the size of the Electric Vehicle Charging Station market and what is its expected growth rate?
- What primary driving factors push the Electric Vehicle Charging Station market forward?
- What are the Electric Vehicle Charging Station Industry's top companies?
- What categories do the Electric Vehicle Charging Station Market caters to?
- What will be the fastest-growing segment or region?
- In the value chain, what role do essential players play?
- What is the procedure for getting a free copy of the Electric Vehicle Charging Station market sample report and company profiles?
Click Here to Access a Free Sample Report of the Global Electric Vehicle Charging Station Market @ https://www.custommarketinsights.com/report/electric-vehicle-charging-station-market/
Regional Overview
China, Japan, India, and South Korea are major countries considered in the Asia Pacific region. In addition, some of the world’s economies that are growing the fastest are located in this area, including China and India.
The governments of these developing nations have taken several steps to entice major OEMs to produce electric car charging infrastructure in their own countries after seeing the development potential of the global market for charging stations for electric vehicles. For instance, EV charging station network providers have teamed with several OEMs to offer free EV charging to EV drivers. Due to this, the production of electric vehicles has increased recently, satisfying both domestic and international demand.
Key Offerings:
- Market Share, Size & Forecast by Revenue | 2022−2030
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
- Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by Regions
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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Report Scope
| Feature of the Report | Details |
| Market Size in 2021 | USD 35 billion |
| Projected Market Size in 2030 | USD 420 billion |
| Market Size in 2022 | USD 77.78 billion |
| CAGR Growth Rate | 32% CAGR |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Prominent Players | AeroVironment Inc., BP Chargemaster, General Electric Company, ABB, Eaton Corp., ChargePoint Inc., ClipperCreek Inc., SemaConnect Inc., Leviton Manufacturing Co. Inc., Schneider Electric, Tesla Inc., Siemens AG, Webasto SE , and Others |
| Key Segment | By Charger Type, Connector, Application, and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Key Players Insights
Due to rapidly shifting consumer preferences and ongoing technological advancement, the global electric vehicle charging stations market is highly competitive. Almost every market participant primarily focuses on installing fast and ultra-fast charging stations.
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Prominent Players
- AeroVironment Inc.
- BP Chargemaster
- General Electric Company
- ABB
- Eaton Corp.
- ChargePoint Inc.
- ClipperCreek Inc.
- SemaConnec Inc.
- Leviton Manufacturing Co. Inc.
- Schneider Electric
- Tesla Inc.
- Siemens AG
- Webasto SE
Key Insights:
- As per the analysis shared by our research analyst, the Electric Vehicle Charging Station market is estimated to grow annually at a CAGR of around 32% over the forecast period (2022-2030).
- In terms of revenue, the Electric Vehicle Charging Station market size was valued at around USD 35 billion in 2021 and is projected to reach USD 420 billion by 2030. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
- Based on charger type segmentation, the fast charger segment was estimated to hold the maximum market share in 2021.
- Based on connector segmentation, the CHAdeMO segment was the top revenue-generating category in 2021.
- The commercial segment was the top revenue-generating category based on application segmentation in 2021.
- Based on geography/region, the Asia Pacific region was the leading revenue generator in 2021.
Recent Development
- 2022: The U.S. Department of Transportation recently approved plans for all 50 states to construct EV charging stations along the country’s roadways.
- 2021: Other electric vehicles can now be charged at DC fast-charging stations, which are part of The Tesla Supercharger network.
The global Electric Vehicle Charging Station market is segmented as follows:
By Charger Type
- Fast Charger
- Slow Charger
By Connector
- CHAdeMO
- Combined Charging System (CCS)
- Others
By Application
- Residential
- Commercial
Click Here to Get a Free Sample Report of the Global Electric Vehicle Charging Station Market @ https://www.custommarketinsights.com/report/electric-vehicle-charging-station-market/
On the basis of Geography
North America
- The U.S.
- Canada
- Mexico
Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
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This Electric Vehicle Charging Station Market Research/Analysis Report Contains Answers to the following Questions.
- Which Manufacturing Technology is used for Electric Vehicle Charging Station? What Developments Are Going on in That Technology? Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This Electric Vehicle Charging Station Market? What are Their Company Profile, Their Product Information, and Contact Information?
- What Was the Global Market Status of the Electric Vehicle Charging Station Market? What Was the Capacity, Production Value, Cost and PROFIT of the Electric Vehicle Charging Station Market?
- What Is the Current Market Status of the Electric Vehicle Charging Station Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Electric Vehicle Charging Station Market by Considering Applications and Types?
- What Are Projections of the Global Electric Vehicle Charging Station Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
- What Is Electric Vehicle Charging Station Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is Economic Impact on Electric Vehicle Charging Station Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
- What Are the Market Dynamics of the Electric Vehicle Charging Station Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Electric Vehicle Charging Station Industry?
Directly Purchase a copy of the Electric Vehicle Charging Station report [220+ Pages] @ https://www.custommarketinsights.com/report/electric-vehicle-charging-station-market/
Reasons to Purchase Electric Vehicle Charging Station Market Report
- Electric Vehicle Charging Station Market Report provides qualitative and quantitative market analysis based on segmentation involving economic and non-economic factors.
- Electric Vehicle Charging Station Market report outlines market value (USD) data for each segment and sub-segment.
- This report indicates the region and segment expected to witness the fastest growth and dominate the market.
- Electric Vehicle Charging Station Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
- The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
- Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
- The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
- Electric Vehicle Charging Station Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.
Click Here to Access a Free Sample Report of the Global Electric Vehicle Charging Station Market @https://www.custommarketinsights.com/report/electric-vehicle-charging-station-market/
Reasons for the Research Report
- The study provides a thorough overview of the global Electric Vehicle Charging Station market. Compare your performance to that of the market as a whole.
- Aim to maintain competitiveness while innovations from established key players fuel market growth.
What does the report include?
- Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Electric Vehicle Charging Station market analysis.
- The competitive environment of current and potential participants in the Electric Vehicle Charging Station market is covered in the report, as well as those companies' strategic product development ambitions.
- According to the component, application, and Industry Vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.
- For each segment mentioned above, actual market sizes and forecasts have been given.
Who should buy this report?
- Participants and stakeholders worldwide Electric Vehicle Charging Station market should find this report useful. The research will be useful to all market participants in the Electric Vehicle Charging Station Industry.
- Managers in the Electric Vehicle Charging Station sector are interested in publishing up-to-date and projected data about the worldwide Electric Vehicle Charging Station market.
- Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Electric Vehicle Charging Station products' market trends.
- Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.
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