Emergen Research has recently published a new report on the Global Electric Vehicle Charging Stations market that offers key insights about the regional and global scope of the Electric Vehicle Charging Stations market. It offers key details about the recent product launches, technological advancements, supply and demand ratio, and regulatory framework. The report also offers details about market size, market share, revenue growth, and CAGR during the forecast period of 2023-2032.
The global Electric Vehicle (EV) charging stations market size reached USD 6.72 Billion in 2021 and is expected to register a revenue CAGR of 38.7% during the forecast period, according to latest analysis by Emergen Research. Increasing purchase of electronic vehicles, government policies, and financing for expansion of electric vehicle charging stations are expected to support market revenue growth between 2022 and 2030. Demand for electric vehicle charging stations is continuously rising due to increased adoption of electric cars across the globe. Rising Carbon Dioxide (CO2) emissions and other hazardous pollutants due to petrol and diesel transportation led people to shift to electric vehicle, which is expected to drive revenue growth during the forecast period. In addition, rising adoption of green and renewable energy is also expected to boost electric vehicle charging stations market growth.
However, high initial setup cost for electric vehicle charging stations is hampering market revenue growth. Initial cost for installing and setting up an EV charging station is high, especially for level 3 and other fast-charging stations. In addition, other expenses related to electricity, manpower, maintenance, permit taxes, and installation of electrical charging equipment are increasing overall expenses to set up an electric vehicle charging station, which is expected to hamper market revenue growth to some extent.
The report also offers key insights about top companies in the market along with a thorough SWOT analysis, Porter’s Five Forces analysis, and feasibility analysis to offer competitive edge to the readers. The report focuses on the recent trends, major challenges and opportunities, and limitations pertaining to the ongoing pandemic.
The report also discusses the key players involved in the market such as ABB Ltd., Tesla Inc., Chargepoint, Inc., BP Pulse, Schneider Electric SE, Semaconnect Network, EVGO Services LLC, EVBox Group, Eaton Corporation PLC, Shell PLC. Blink Charging Co., Siemens AG, Webasto SE, and Hyundai Motor Company and others as well as new entrants in the market. It focuses on the recent mergers & acquisitions, joint ventures, collaborations, partnerships, licensing agreements, brand promotions, and product launches, among others. The report also provides details about the company overview, business expansion plans, product portfolio, manufacturing and production capacity, global market position, financial status, and consumer base.
Key insights presented in the report:
Market revenue shares by major business players, by type, by application, and market scope of global Electric Vehicle Charging Stations market
Sales revenue by key players and new entrants
Competitive analysis of the key players including aspects such as company overview, product or services specification, vendors, and buyers.
Recent mergers, acquisitions, product launches, recent investments, and joint ventures
Regional analysis to provide insight to recent trends and opportunities
The competitive analysis also includes regional analysis of major geographical regions. The report covers regions such as North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. The report also offers a country wise analysis to impart better understanding of the global Electric Vehicle Charging Stations market with regards to market share, market size, production and consumption ratio, product launches and R&D activities, investment opportunities, and presence of key players in the region.
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The report further segments the global Electric Vehicle Charging Stations market on the basis of product types and applications and provides insights into key factors influencing the revenue growth of the segments.
Charging level Outlook (Revenue, USD Billion; 2019–203
Level 1 (120V)
Level 2 (208V-240V)
Level 3 (Up to 600V)
Charging Infrastructure Outlook (Revenue, USD Billion; 2019–203
Normal Charging
Combines Charging Station (CCS)
CHAdeMO
Tesla Supercharger
Type-2
Vehicle Type Outlook (Revenue, USD Billion; 2019–203
Electric Bike
Plug-In Hybrid Electric Vehicle (PHEV)
EV Passenger Cars
Heavy Commercial Vehicles
Light Commercial Vehicles
Others
