Menu ×

AUTOMOTIVE & TRANSPORTATION

Electric Vehicle Charging Station Market Segmentation by Charger-type (Slow Charger and Fast Charger); and by Charging Level (Level 1[<3.7 kW], Level 2[3.7-22kW], and Level 3[Above 22kW]); by Connector (CHAdeMO, Combined Charging System [CCS], and Others); by Application (Commercial and Residential) – Global Demand Analysis and Opportunity Outlook 2021-2029

  • Text Size:

Extensive insights into the Growth of Electric Vehicle Charging Station 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.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

Read More

Electric Vehicle Charging Station Market Highlights 2020-2029

The electric vehicle charging station market is projected to grow with a moderate CAGR during the forecast period, i.e., 2021-2029. Electric vehicles are becoming an integral part of the automotive industry. The growing number of environmental concerns in tandem with the supportive government regulations to curb the emissions of harmful pollutants are among the key factors expected to result in the increased adoption of electric vehicles in the forthcoming years. This, in turn, is projected to positively impact the market growth.  

Electric Vehicle Charging Station Market

The market is segmented based on the connector type into CHAdeMO, combined charging system (CCS), and others, out of which, the CHAdeMO segment is anticipated to grab the major share by the end of 2021. This can be attributed to the compatibility of the connector with a wide variety of electric vehicles, including BMW, GM, and VW, and others. In addition, it offers flexibility pertaining to the designing of EVs as it only requires one port for recharging. Concurrently, the CCS segment is projected to grow at the fastest CAGR over the forecast period. This is largely on account of the increased preference for CCS connectors by key automatable manufacturers.

Similarly, the commercial sector is expected to hold the largest application market share by the end of 2021. Government, as well as automobile manufacturers initiatives and allocations of funding pertaining to the expansion of public electric vehicle charging infrastructure, is the key factor for the growth of the segment. 

Electric Vehicle Charging Station Market Regional Synopsis

In terms of regional analysis, the market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa region. The Asia Pacific region is anticipated to grow at the highest CAGR over the forecast period. Countries, including China, Japan, and South Korea, are driving the demand for electric vehicles in the region. Chinese and South Korean governments have heavily invested in the development of the electric vehicle charging infrastructure. Recently in 2020, Japan-based utility companies Tokyo Electric Power Company Holdings and Chubu Electric Power have selected ABB to modernise electric vehicle charging infrastructure. eMP (e-Mobility Power), a joint venture of the Japanese utility companies, is expected to replace obsolete chargers with more than 250 Terra 184 units at stores, which are located on the roadside along with the highways and other public places. CLICK TO DOWNLOAD SAMPLE REPORT

Electric Vehicle Charging Station Market

The global electric vehicle charging station market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Market Segmentation

Our in-depth analysis of the global electric vehicle charging station market includes the following segments:

By Charger-type

  • Slow Charger
  • Fast Charger

By Charging Level

  • Level 1
  • Level 2
  • Level 3

By Connector

  • CHAdeMO
  • Combined Charging System (CCS)
  • Others

By Application

  • Commercial
  • Residential

Growth Drivers

  • Rapidly Growing Number of Environmental Concerns over Carbon Emissions
  • Supportive Government Regulations

Challenges

  • High Upfront Cost
  • Emergence of Hydrogen Fuel Cell Vehicles

Top Featured Companies Dominating the Market

  • AeroVironment Inc.
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • ABB
  • BP Chargemaster
  • ChargePoint, Inc.
  • ClipperCreek
  • Eaton
  • GENERAL ELECTRIC
  • Leviton Manufacturing Co., Inc.
  • SemaConnect, Inc.
  • Schneider Electric
  • Siemens

FREQUENTLY ASKED QUESTIONS


Related Reports


Disclaimer | Privacy Policy | Terms & Conditions

Copyright © 2020 Research Nester. All Rights Reserved