Dublin, May 03, 2022 (GLOBE NEWSWIRE) — The “Global Electric Vehicle Charging Station Market Outlook, 2027” report has been added to ResearchAndMarkets.com’s offering.
According to the report titled Global Electric Vehicle Charging Station Market Outlook, 2027 charging station market is expected to grow at CAGR of more than 30% in value market size by the end of forecast period. By charger type market is segregated into two main type ie slow chargers and fast chargers. Slow charger is leading with more than 88% of value market share. Correspondingly, fast charger is the fastest growing segment in value market share and expected to capture higher market share in forecast period.
There are mainly three levels of electric vehicle charging ie Level 1, Level 2, and Level 3 charging. Level 1 and Level 2 charging is generally alternating current (AC) charging which are also known as slow chargers. Level 3 charging is broken into Direct Current Fast Charging (DCFC) and various others fast charging such as Tesla Supercharging, Terra 360 and CHAdeMO charging. Higher the level of charging, faster the charging process, as more power is delivered to the vehicle. According to the report, Level 1 charging segment is leading with more than 71% of volume market share.
Follow by Level 2 charging and then Level 3 charging. By application type of charging market is segregated into public and private charging. Public charging infrastructure is vital to supporting existing electric vehicles while encouraging future adoption. Public charging infrastructure has continued to appear over the past year on the back of significant investment from the governments and various private sectors. Adoption of charging station in private places is rapidly increasing as growth in sales of electric vehicle. According to the report, private segment having the market share of more than 65% volume market share corresponding to public segment having lowest market share, however, public segment is likely to capture higher market share in forecast period.
There are various factors responsible for year on year growth of electric vehicle charging market globally, such as increasing in sales of electric vehicle, environment awareness among people and various government incentives towards clean energy. By region Asia-Pacific is leading the market with highest installation of charging station globally. The reason behind this is adaptation of electric vehicle in china. By volume share, Asia-pacific is leading with more than 45% market share, followed by Europe. By country, China is leading with more than 50% of value and volume market share.
The electric vehicle (EV) segment is still taking tentative steps towards mainstream proliferation in the global context. The electric vehicle and charging station industry had faced many challenges in a pandemic situation globally. Sales of electric vehicle significantly affected in COVID-19 situation along with the wider automotive industry. The lockdown has shown immediate impacts on the supporting industry of EV charging services, and the related supply chain for charging station deployment. However, governments across the globe think of ways to reemerge from this pandemic with an economy that is stronger and more resilient than it was before, EVs and charging stations continue to get a significant amount of attention.
Major Companies present in the market:
ChargePoint Holdings, Inc., Shell, Tesla Inc., BP, ABB, RWE, Siemens, Efacec, BLINK CHARGING co., Eaton Corporation plc, SCHNEIDER ELECTRIC, WEBASTO GROUP, Leviton Manufacturing Co. Inc., Phihong USA Corp., EV Safe Charge Inc., Tata Power.
This report would help you answer the following questions:
1. At what rate the global electric vehicle charging station market will grow in forecast period?
2. What are the types of electric vehicle chargers?
3. What are the different types of electric vehicle charging levels?
4. Which electric vehicle charger type is leading the market?
5. What is the impact of COVID-19 on the global electric vehicle charging station Market?
6. What are the different types of charging stations by applications?
Key Topics Covered:
3.1. Market Consider
4. Economic/Demographic Snapshot
5.Global Electric Vehicle Charging Station Market Outlook
5.2. Market Share
5.2.1. By Region
5.2.2. By Charger Type
5.2.3. By Application Type
5.2.4. By Charging Level
5.2.5. By Country
5.2.6. By Company
6. North America Electric Vehicle Charging Station Market Outlook
7. Europe Electric Vehicle Charging Station Market Outlook
8. Asia-Pacific Electric Vehicle Charging Station Market Outlook
9. Latin America, Middle East & Africa Electric Vehicle Charging Station Market Outlook
10.1. Key Drivers
10.2. Key Challenges
11. Market Trends and Developments
12.1. chargepoint inc.
12.2. Shell plc
12.3. Tesla Inc.
12.4. BP plc
12.5. ABB Group
12.6. RWE AG
12.7. Siemens AG
12.9. Blink Charging co.
12.10. Webasto Group
12.11. BYD Auto Co., Ltd.
12.12. semaconnect inc.
12.13. Evgo Services LLC.
12.15. schneider electric
12.17. Eaton Corporation plc
12.18. Leviton Manufacturing Co., Inc.
12.19. Phihong USA Corp.
12.20. EV Safe Charge Inc.
12.21. Tata Power Company Limited
For more information about this report visit https://www.researchandmarkets.com/r/udegvd
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