Electric Vehicle (EV) Charging Station Market Size 2021
According to Absolute Markets Insights, Global Electric Vehicle (EV) Charging Station Market Size is expected to grow over 29% CAGR during the forecast period of 2019-2027 in terms of revenue. Growing sales of electric vehicles due to government initiatives in terms of lucrative subsidies and tax credits is expected to drive the global EV charging station market within the forecast period. Minimum operating, maintenance cost and increasing consumer awareness regarding the environmental benefits are further encouraging consumers to use electric vehicles, which is also contributing to the demand of EV charging station market. Moreover, the increasing fuel price has been urging people to opt for better and energy efficient alternatives. Oil price will increase over the forecast period which will accelerate the market demand for electric vehicles and electric vehicle charging stations. These factors are constantly accelerating the growth of the Electric Vehicle (EV) Charging Station Market Size.
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Major Key Players:
Electric Vehicle (EV) Charging Station Market Size 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
Key findings of the report:
Competitive Dynamics
Global Electric Vehicle (EV) Charging Station Market Size 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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Market Segmentation
By Product Type:
- AC EV Charging Station
- DC EV Charging Station
Electric Vehicle (EV) Charging Station Market Size By AC EV Charging Station
- Level 1
- Level 2
By DC EV Charging Station
- CHAdeMO
- Combined charging station
- Others
Electric Vehicle (EV) Charging Station Market Size By Installation Type
- Residential
- Commercial
By Supplier Type
- Private Charging Station
- OE Charging Station
Electric Vehicle (EV) Charging Station Market Size By Region
- North America
- Europe
- Asia Pacific
- Middle East
- Latin America
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