Our in-depth analysis of the Japan electric vehicle (EV) charging station infrastructure market includes the following segments:
By Type of Charger
In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.
Ans: Recent policy reforms shared by the government of Japan that promotes the adoption of EVs and bans the sale of gasoline fueled vehicles, is one of the major factors driving the market growth.
Ans: The market is anticipated to attain a significant CAGR over the forecast period, i.e., 2021-2029.
Ans: The high cost of EV chargers is one of the major factors estimated to act as barriers to the growth of the market.
Ans: The major companies in the market are Tesla, Inc., Takoka Toko Co., Ltd., Kikusui Electronics Corporation, Delta Electronics, Inc., ABB, Nissan Motor Co., Ltd., and others.
Ans: The company profiles are selected based on the revenues generated from segments, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
Ans: The Japan electric vehicle (EV) charging station infrastructure market is segmented by type of charger, and by application.
Ans: The fast charger segment is anticipated to hold the dominating share in the market, backed by the need of the vehicle owners to quickly charge their vehicles and the increasing availability of fast chargers in the nation.