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