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China Electric Vehicle (EV) Charging Station Infrastructure Market Segmentation by Type of Charging Station (AC, and DC Charging Station); and by Application (Commercial, and Residential) – Demand Analysis & Opportunity Outlook 2029

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Extensive insights into the Growth of China Electric Vehicle Charging Station Infrastructure Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

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China Electric Vehicle (EV) Charging Station Infrastructure Market Highlights 2020-2029

The China electric vehicle (EV) charging station infrastructure market is projected to exhibit a significant CAGR during the forecast period, i.e., 2021-2029. The market is thriving on account of the growing focus of the government to develop robust charging infrastructure for new energy vehicles (NEVs) in the nation, along with the availability of favorable government initiatives in terms of subsidies that promote the adoption of the charging stations. The number of publicly accessible EV charging stations (EV charging piles) in China grew from around 57000 in 2015 to 5,16,000 in 2019. Additionally, in the year 2019, a total of around 1,28,000 new charging stations were deployed in the nation. Moreover, the increasing focus of the government of the nation to promote wireless (inductive) charging methods for electric vehicles is also anticipated to create opportunities for the growth of the market. Additionally, the growing deployment of vehicle charging stations in the Guangdong, Beijing, Shanghai, and Jiangsu provinces, which recorded around 62000, 59000, 55000, and 60000 number public charging stations as of December 2019, is also projected to drive the market growth. CLICK TO DOWNLOAD SAMPLE REPORT

China Electric Vehicle (EV) Charging Station Infrastructure Market

The market is segmented on the basis of type of charging station into AC and DC charging stations, out of which, the AC charging station segment is projected to hold the largest market share by the end of 2021. The price of AC charging station is comparatively less than DC charging station. The AC charging stations also connects to the grid system directly and can be transmitted across large areas, which is why it is the most preferred charging station. China recorded around 300,000 units of AC charging systems as compared to 210,000 units of DC charging systems as of December 2019.

Market Segmentation

Our in-depth analysis of the China electric vehicle (EV) charging station infrastructure market includes the following segments:

By Type of Charging Station

  • AC
  • DC Charging Station

By Application

  • Commercial
  • Residential

Growth Drivers

  • Growing Focus of the Government in Developing EV Charging Station Infrastructure
  • Presence of Key EV Manufacturers in the Nation

Challenges

  • Decline in Sales of Electric Vehicles

Key Players Dominating the Market

Some of the key players dominating the market are Shijiazhuang Tonhe Electronics Technologies Co. Ltd., Contemporary Amperex Technology Co. Limited, Suzhou Anjie Technology Co., Ltd. (苏州安洁科技股份有限公司), Star Charge, Telaidian New Energy Co., Ltd. (特来电新能源股份有限公司), EV Power Holding Limited, Shanghai Electric, China Putian Information Industry Co., Ltd. (中国普天信息产业股份有限公司), Shenzhen Auto Network Co., Ltd. (深圳市车电网络有限公司), and Wanma Aichong (万马爱充). Additionally, the Chinese state-owned electric utility corporation, i.e., the State Grid Corporation of China (SGCC), has made a landmark by developing a significant electric vehicle charging station network and battery swapping network in the nation and becoming the world’s largest charging network in terms of service capacity, number of charging stations, and coverage.


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