Global Electric Vehicle Charging Infrastructure Market is
expected to reach USD 45.59 billion by 2025, according to a new report by
Grand View Research, Inc. Governments, across the globe, are striving to
encourage the adoption of electric vehicles. Incentive programs, such as tax
rebates, grants, and subsidies, have been launched to promote the same.
The increasing adoption of electric vehicles is expected to
be more in the passenger cars segment, in comparison with the commercial
vehicle segment. The increase in adoption, can be attributed to the growing
research & development activities and initiatives undertaken to improve the
existing EV models, and make them competitive with the available fuel-powered
car models. Furthermore, companies are working towards upgrading Electric
Vehicle Supply Equipment (EVSE) to make them more convenient.
In the year 2016, CHAdeMO possessed the largest market share
in the connector segment. However, it is predicted to be surpassed by the
Combined Charging System (CCS) connectors segment, which is a combination of
SAE J1772 (IEC Type 1) and IEC Type 2 connectors.
The fast chargers segment is expected to exhibit the fastest
growth, with an estimated CAGR of around 47.9% from 2017 to 2025. Overnight
charging is insufficient for covering long distances and sparing hours to
charge the vehicle, during a voyage, is not presumed as a good idea. These
situations encourage anxiety and eventually discourage the use of electric vehicles.
Therefore, fast chargers are expected to have higher adoption rate than slow
chargers.
Full Research Report on Global Electric Vehicle Charging
Infrastructure Market Analysis:
http://www.grandviewresearch.com/industry-analysis/electric-vehicle-charger-and-charging-station-market
http://www.grandviewresearch.com/industry-analysis/electric-vehicle-charger-and-charging-station-market
Further key findings from the report suggest:
- The
electric vehicle charging infrastructure market is expected to grow at a
CAGR of 46.8% from 2017 to 2025
- Leading
automakers are observed investing heavily in promoting EV charging
infrastructure. For instance, BMW, Daimler, Ford, and Volkswagen, together
announced an investment plan for the development of 400 charging sites
across Europe
- The
North American region is projected to dominate the EV charging
infrastructure, as it is expected to witness significant growth in electric
vehicle sales
- The
major players of the electric vehicle charging infrastructure market are
ABB Group, AeroVironment, Inc., Elektromotive Limited, ChargePoint, Inc.,
Schneider Electric SE, Chargemaster Plc, Eaton Corporation, Siemens AG,
SemaConnect, Inc., ClipperCreek, Inc., Tesla Motors, Inc., Delphi
Automotive LLP, General Electric, and Leviton Manufacturing Co., Inc.,
among others
View more reports of
this category by Grand View Research at: http://www.grandviewresearch.com/industry/automotive-and-transportation
Grand View Research
has segmented the Global Electric Vehicle Charging Infrastructure Market based
on, charger type, connector, application, and regions:
Charger Type Outlook (Revenue, USD Million;2014 - 2025)
- Slow
Charger
- Fast
Charger
Connector Outlook (Revenue, USD Million;2014 - 2025)
- CHAdeMO
- CCS
- Others
Application Outlook (Revenue, USD Million; 2014 - 2025)
- Commercial
- Residential
Regional Outlook (Revenue, USD Million; 2014 - 2025)
- North
America
- U.S.
- Canada
- Europe
- Netherlands
- UK
- France
- Norway
- Germany
- Asia
Pacific
- China
- Japan
- South
Korea
View
Press Release Of This Research Report By Grand View Research: http://www.grandviewresearch.com/press-release/global-electric-vehicle-ev-charging-infrastructure-market
About
Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For more Information visit us: www.grandviewresearch.com