The global Electric Vehicle Charging Infrastructure Market is
expected to reach USD 45.59 billion by 2025, according to a new report
by Grand View Research, Inc. Governments, across the globe, are striving
to encourage the adoption of electric vehicles. Incentive programs,
such as tax rebates, grants, and subsidies, have been launched to
promote the same.
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. Furthermore, companies are working
towards upgrading Electric Vehicle Supply Equipment (EVSE) to make them
more convenient.
In
the year 2016, CHAdeMO possessed the largest market share in the
connector segment. However, it is predicted to be surpassed by the
Combined Charging System (CCS) connectors segment, which is a
combination of SAE J1772 (IEC Type 1) and IEC Type 2 connectors.
The
fast chargers segment is expected to exhibit the fastest growth, with
an estimated CAGR of around 47.9% from 2017 to 2025. Overnight charging
is insufficient for covering long distances and sparing hours to charge
the vehicle, during a voyage, is not presumed as a good idea. These
situations encourage anxiety and eventually discourage the use of
electric vehicles. Therefore, fast chargers are expected to have higher
adoption rate than slow chargers.
To Request for Sample Copy of this report: http://www.grandviewresearch.com/industry-analysis/electric-vehicle-charger-and-charging-station-market
Further key findings from the report suggest:
- The electric vehicle charging infrastructure market is expected to grow at a CAGR of 46.8% from 2017 to 2025
- Leading automakers are observed investing heavily in promoting EV charging infrastructure. For instance, BMW, Daimler, Ford, and Volkswagen, together announced an investment plan for the development of 400 charging sites across Europe
- The North American region is projected to dominate the EV charging infrastructure, as it is expected to witness significant growth in electric vehicle sales
- The major players of the electric vehicle charging infrastructure market are ABB Group, AeroVironment, Inc., Elektromotive Limited, ChargePoint, Inc., Schneider Electric SE, Chargemaster Plc, Eaton Corporation, Siemens AG, SemaConnect, Inc., ClipperCreek, Inc., Tesla Motors, Inc., Delphi Automotive LLP, General Electric, and Leviton Manufacturing Co., Inc., among others
Read Our Blog: http://www.grandviewresearch.com/blogs/technology
Grand
View Research has segmented the global electric vehicle charging
infrastructure market based on, charger type, connector, application,
and regions:
Charger Type Outlook (Revenue, USD Million;2014 - 2025)
- Slow Charger
- Fast Charger
Connector Outlook (Revenue, USD Million;2014 - 2025)
- CHAdeMO
- CCS
- Others
Application Outlook (Revenue, USD Million; 2014 - 2025)
- Commercial
- Residential
Regional Outlook (Revenue, USD Million; 2014 - 2025)
- North America
- US.
- Canada
- Europe
- Netherlands
- UK
- France
- Norway
- Germany
- Asia Pacific
- China
- Japan
- South Korea
Browse Press Release of this Report: http://www.grandviewresearch.com/press-release/global-electric-vehicle-ev-charging-infrastructure-market
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
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