Global Electric Vehicle Charging Stations Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global Electric Vehicle Charging Stations Market Report by The Business Research Company covers electric vehicle charging stations market drivers and restraints, electric vehicle charging stations market size, major players, and the impact of COVID-19 on the electric vehicle charging stations market.
The electric vehicle charging station market consist of sales of electric vehicle charging services. Electric vehicle charging stations provides charging facility to electric vehicles through alternating current (AC) and direct current (DC) charging. AC charging station consists of level 1 and level 2 charging. Level 1 charging station uses 120V AC current, level 2 Charging station uses 240V AC current to charge the vehicles. Whereas the DC charging station also known as Level 3 charging station uses 480V DC current to charge the EVs.
Increasing tax incentives and subsidies given to local automakers to produce electric vehicles is driving the demand for electric vehicle (EV) charging station market. The global electric vehicle charging stations market is expected to grow from $5.8 billion in 2020 to $6.79 billion in 2021 at a compound annual growth rate (CAGR) of 17.1%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The electric vehicle charging station market is expected to reach $20.49 billion in 2025 at a CAGR of 31.8%.
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Some electric vehicle charging stations market trends include companies increasingly offering ultra-quick charging capabilities of the direct current (DC) to aid performance optimization and ultra-fast-charge. The ultra-quick charging technologies of the direct current (DC) are used in electric vehicle charging stations to transfer current to electric vehicles through DC. DC fast charging or level 3 charging is capable of charging 80% of the electric vehicle battery within 20 minutes. DC fast charging stations with ultra-quick technology provide high-power DC current up to 120 kW directly into vehicle’s battery without passing through any onboard AC/DC converter. The necessary conversion from AC to DC by a convertor done in case of AC charging process can be eliminated.
Global electric vehicle charging stations market segments include:
1) By Installation Type: Home Charging System, Commercial Charging System.
2) By Connector Type: CHAdeMO, CCS, GB/T, Tesla Supercharger, Others.
3) By Mode Of Charging: Plug In Charging System, Wireless Charging System.
4) By Charging Station: AC Charging Station, DC Charging Station.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Electric Vehicle Charging Stations Global Market Report 2021: COVID-19 Growth And Change To 2030 is one of a series of new reports from The Business Research Company that provides electric vehicle charging stations market overviews, analyzes and forecasts market size, share, electric vehicle charging stations market players, electric vehicle charging stations market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The electric vehicle charging stations market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Electric Vehicle Charging Stations Global Market Report 2021: COVID-19 Growth And Change To 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Market Players Covered: Tesla, ChargePoint, Siemens, Clipper Creek, Schneider electric, Eaton, GE, ABB, AeroVironment, Reconnect, Robert Bosch GmbH, ECOtality, Engie, BP, Shell, Electromotive, Chargemaster, Evgo, EVBox, G2Mobility, Leviton, Delta Electronics NC, Evatran group Inc, Tgood, Delphi automotive LLP, Wabasso Group, Alfen, Allegro, Blink Charging, Efacec.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Electric Vehicle Charging Stations Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Electric Vehicle Charging Stations Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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