Electric Vehicle Charging Station Market Research Report

 

The GMI Research forecasts that the electric vehicle charging station market is witnessing an upsurge in demand over the forecast period. This is mainly due to the growing awareness among consumers about the adverse impact of gas emissions through conventional vehicles and the rising demand for electric vehicles.

Introduction of the Electric Vehicle Charging Station Market:

The electric vehicle charging station is known as electric vehicle supply equipment (EVSE). It is an electric recharging point that gives electric energy for the recharging of electric vehicles, which include plug-in hybrid vehicles, electric buses, battery-electric cars, and other electric vehicles. It can be installed by plugging into a standard wall outlet. Moreover, many of the electric vehicle charging stations need custom installation and have an advanced specification, which includes smart metering, cellular capability, and network connectivity. They can be easily recharged by plugging up the vehicle into a charger that is connected to the electric grid. The charging time taken by an electric vehicle to get fully charged varies as it depends on the level and kind of the charging station. The different types of speeds for charging the electric vehicle charging stations are level 1, level 2, and level 3.

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Electric Vehicle Charging Station Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

The growing awareness among consumers related to the adverse impacts of gas emissions by conventional vehicles and rising demand for electric vehicles are the major factors surging the growth of the global electric vehicle charging station market size. Furthermore, the growing emphasis of government agencies to offer funds for the expansion of electric vehicle charging stations and government policies and regulations will further fuel the growth of the electric vehicle charging station market. Numerous players such as AVERE (The European Association for Electromobility), CHAdeMO Association, Electric Vehicle Charging Association (EVCA), are working to implement advanced electric vehicle charging infrastructure, thus bolstering the growth of the electric vehicle charging station market in the upcoming years.

According to the electric vehicle charging infrastructure report, the rising convenience of consumers, including home charging options for electric vehicles, followed by the expansion of new technologies such as ultra-fast DC charging solution and wireless charging, will further lead to an upsurge in demand for the electric vehicle charging station market. Additionally, the rising trend towards the adoption of emission-free vehicles among transport companies and the development of the electric bus market will surge the growth of the electric vehicle charging station market in the upcoming years. On the other edge of the spectrum, one of the major factors that is having a negative impact on the growth of the market is the high installation prices of the charging stations.

Key Players of the Global Electric Vehicle Charging Station Market:

·        Tesla Inc.

·        BYD Company Limited

·        Nissan Motor Company

·        ABB Group

·        Volkswagen AG

·        Yazaki

·        Bosch

·        Efacec Power Solutions

·        Mitsubishi Electric

·        Leviton

Electric Vehicle Charging Station Market Segmentation:

Segmentation by Charging Level:

·        Level 1

·        Level 2

·        Level 3

Segmentation by Application Type:

·        Public

·        Private

Segmentation by Installation Type:

·        Portable

·        Fixed

Segmentation by Charging Station Type:

·        Normal Charging

·        Super Charging

·        Inductive Charging

Segmentation by Charging Infrastructure Type:

·        CCS

·        CHAdeMO

·        Normal Charger

·        Tesla Supercharger

·        Type 2 (IEC 62196)

Segmentation by Electric Bus Charging Type:

·        Off-Board Top-Down Pantograph

·        Off-Board Bottom-Up Pantograph

·        Charging via connector

Segmentation by Region:

·        North America

o   United States of America

o   Canada

·        Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·        Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·        RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.

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