Global Electric Vehicle Charging Stations Market– Industry Trends and Forecast to 2025

Market Analysis: Global Electric Vehicle Charging Stations Market

The Global Electric Vehicle Charging Stations Market is expected to reach USD 49.74 billion by 2025, from USD 3.22 billion in 2017 growing at a CAGR of 40.80% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

Market Definition: Global Electric Vehicle Charging Stations Market

Electric vehicles (EVs) use electric motors powered by electrical energy stored in a battery for propulsion. Various models of these types of vehicles are available in the market with variable choices and competences. To recharge their battery, they are plugged in to a source of electrical power. The trends related to the EV technology are evolving. There are number of fundamental EV design ideas that actually precede gasoline internal ignition engines.

To charge the electric vehicles they are connected to an electric vehicle charging equipment which are also called as electric vehicle supply equipment (EVSE). These are the defensive system which connects with the vehicle and screens electrical activity to ensure safe charging.  There are two types of charging stations; AC charging station and DC charging station which can be installed both residentially as well as commercially according to the necessities.

Automotive industry standards classify the charging stations into three levels based on charging power and methods that are AC Level 1, AC Level 2, and DC Fast Charge.

According to the news published by The Economics Times, in April 2016, for setting up charging stations for electric vehicles, the people would not need to have a separate licence under the Electricity Act of 2003, the government of India has said they would give a big boost to ambitious EV plans.

 Market Drivers and Restraints:

Government funding, subsidies and incentives expected to drive the EV and EV charging stations market
Growing demand for electric vehicles increases the adoption of EV charging stations
Growing concern toward environmental pollution
Heavy investment from automakers in EVs
High price and small distance covered by EVs
Lack of standardization

 Market Segmentation: Global Electric Vehicle Charging Stations Market

The global electric vehicle charging stations market is segmented based on vehicle type, charging station, installation type, and geographical segments.
Based on vehicle type, the market is segmented into battery electric vehicle (BEV) and plug-in hybrid electric vehicle (PHEV).
On the basis of charging station, the market is classified into AC charging station and DC charging station.
On the basis of installation type, the market is segmented into residential and commercial.
Based on geography, the market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific and, Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and Brazil among others.

Competitive Analysis: Global Electric Vehicle Charging Stations Market

The global electric vehicle charging stations market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of electric vehicle charging stations market for global, Europe, North America, Asia Pacific and South America.

Major Market Competitors/Players: Global Electric Vehicle Charging Stations Market

Some of the major players operating in the global electric vehicle charging stations market are Engie, Siemens, Efacec, EVGO, Leviton, Alfen, Allego, Blink Charging, Semaconnect, Tgood, 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.

Research Methodology: Global Electric Vehicle Charging Stations Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. 

Demand Side Primary Contributors: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.

Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among others

Global Electric Vehicle Charging Stations Market– Industry Trends and Forecast to 2025

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