Electric Vehicle Charging Infrastructure Market Overview
A report on the Electric Vehicle Charging Infrastructure market was released by MMR. The research combines primary and secondary data, and subject matter experts have examined it from both a local and global standpoint. An important tool for investors, the study offers a thorough analysis of the market’s size and share in every area and category.
Electric vehicles have the power to completely change the way people travel around the world by drastically cutting carbon emissions and opening the door for significant climate improvements. Many EV drivers charge their cars at home using wall-mounted chargers.
Electric Vehicle Charging Infrastructure Market Report Scope and Research Methodology:
The study offers a thorough examination of the national, regional, and international markets for in-wheel motors. It offers a thorough examination of the competitive environment in the Electric Vehicle Charging Infrastructure sector, taking into account the main competitors’ business plans. A list of the major rivals of Electric Vehicle Charging Infrastructure is provided in the research, together with details about their earnings, volume of production, worldwide reach, and sales. The top companies in the Electric Vehicle Charging Infrastructure industry were analysed using the SWOT method to determine their strengths and weaknesses. The research also includes detailed information on the opportunities, challenges, drivers, and constraints that affect the Electric Vehicle Charging Infrastructure market.
The size of the Electric Vehicle Charging Infrastructure market was estimated both globally and regionally using a bottom-up technique. Data on market size, market share, geographical insights, market dynamics, the performance of major players, and industry historical data were gathered using both primary and secondary research methodologies. In addition, a thorough value chain analysis with data on raw materials, clients, and distributors is included in the report to aid in understanding Electric Vehicle Charging Infrastructure’s production process. In addition, market attractiveness and Porter’s and PESTLE analyses are included, which aid in understanding the Electric Vehicle Charging Infrastructure market both macro and microeconomically.
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Electric Vehicle Charging Infrastructure Market Dynamics:
There are more and more locations for charging electric vehicles. The rapidly expanding electric car market is driving advances in infrastructure and electric vehicle technology. The need for electric vehicles is rising due to their many benefits, which include reduced fuel consumption and engine pollution. As a result, the market is expected to grow due to an increase in demand for infrastructure for charging electric cars. Electric vehicle manufacturers are working together to create charging stations in parking lots, and charging stations are being built quickly as part of government incentive programmes.
Electric Vehicle Charging Infrastructure Market Regional Insights
Geographically, the report is segmented into several key countries, with market size, growth rate, import and export of Electric Vehicle Charging Infrastructure market in these countries, which covering North America – U.S., Canada, Mexico, Europe – UK, Germany, France, Spain, Italy, Rest of Europe, Asia Pacific – China, India, Japan, Australia, South Korea, ASEAN Countries, Rest of APAC, South America – Brazil, and Middle East and Africa.
Electric Vehicle Charging Infrastructure Market Segmentation:
by Charger Type
• Slow Charger
• Fast Charger
The market is divided into two segments based on the type of charger: slow chargers and fast chargers. The fast charger type category held a dominant position in the market in 2021, contributing over 94.0 percent of global sales. The surge was attributed to the high demand for rapid charges in commercial stations. An electric car can be fully charged in four to six hours using Level 1 DC fast chargers or Level 2 AC charging stations, which are deployed in the majority of businesses. In an effort to raise awareness about their electric vehicles, automakers are now concentrating on installing EV charging stations for their employees. the placement of 100 Level 2 EV charging stations in the Detroit parking lots of General Motors Company,
by Connector Type
• CHAdeMO
• Combined Charging System (CCS)
• Others
The market is divided into CHAdeMO, Combined Charging System (CCS), and other segments based on the kind of connector. The market share of CHAdeMO connectors accounted for more than 17% in 2021. This is because of its simplicity of use and compatibility with a large variety of EVs, including BMW, GM, and VW, among others. Because it only needs one charging port—CHAdeMO connectors require two because they cannot permit AC charging—it also gives EV designers greater creative freedom. In addition, the current CHAdeMO connectors are Japan Electric Vehicle Standard (JEVS) compliant and capable of producing 62.5 kW of DC.
by Application
• Commercial
• Residential
The market is divided into two submarkets: residential and commercial, based on the application. Owing to government programmes and financial contributions from automakers towards the development of public EVCI infrastructure, the commercial market held the largest revenue share of over 84% in 2021. Long-distance charging needs more than overnight or at-home charge, which is why public infrastructure expansion is necessary. Additionally, a number of public transportation organisations are collaborating with automakers to create charging stations for electric buses. For instance, TRAFIKSELSKABET MOVIA and Siemens have an agreement for the installation of top-down pantograph electric bus charging stations for 45 municipalities’ electric buses, which include Region Zealand and the City of Copenhagen.
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Electric Vehicle Charging Infrastructure Market Key Players:
• ABB Group
• AeroVironment, Inc.
• Elektromotive Limited
• ChargePoint, Inc.
• Schneider Electric SE
• Chargemaster Plc
• Delphi Automotive LLP
• Eaton Corporation
• Siemens AG
• SemaConnect, Inc.
• ClipperCreek, Inc.
• Tesla Motors, Inc.
• General Electric Company
• Leviton Manufacturing Co., Inc.
• Engie
• EVgo
• ChargePoint
• Blink Network
• BYD Company
Key Questions answered in the Electric Vehicle Charging Infrastructure Market Report are:
- What is the expected Electric Vehicle Charging Infrastructure market size by 2030?
- What will be the CAGR of the Electric Vehicle Charging Infrastructure market during the forecast period?
- Which segment held the largest share in the Electric Vehicle Charging Infrastructure market?
- How is the competitive scenario of the Electric Vehicle Charging Infrastructure market?
- Which are the key factors driving the Electric Vehicle Charging Infrastructure market growth?
- What are the factors restraining the Electric Vehicle Charging Infrastructure market growth?
- Which region holds the maximum share in the Electric Vehicle Charging Infrastructure market?
- Who are the key players in the Electric Vehicle Charging Infrastructure market?
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Key Offerings:
- A detailed Market Overview
- Market Share
- Market Size
- Market Forecast by Revenue
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation- A detailed analysis of each segment and their segments
- Competitive Landscape – Leading key players and other prominent key players.
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Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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