EV Charging Infrastructure Market will Exhibit a Steady 36.8% CAGR Through 2027 – ABB, ChargePoint, Driivz, EVbox, Leviton Manufacturing, Siemens AG and Tesla

Worldwide EV Charging Infrastructure Market Analysis to 2027 is a specialized and in-depth study of the EV Charging Infrastructure Industry with a focus on the global market trend. The report aims to provide an overview of global EV Charging Infrastructure Market with detailed market segmentation by product/application and geography. The global EV Charging Infrastructure Market is expected to witness high growth during the forecast period. The report provides key statistics on the Market status of the EV Charging Infrastructure players and offers key trends and opportunities in the market.

The demand for EV Charging Infrastructure is anticipated to be robust, and will highly impact the growing environmental issues, as well as the adoption of electric vehicles globally. This trend is particularly to be witnessed in US and China, which comprises of largest electric vehicle market across the globe, accounting for over 60% of the value of global electric vehicle market share. With the constantly growing demand for charging stations, the manufacturers are increasing their production lines, investing in new and advanced technologies which is driving the EV charging infrastructure market.

EV Charging Infrastructure market is accounted to US$ 6.45 Bn in 2018 and is expected to grow at a CAGR of 36.8% during the forecast period 2019 – 2027, to account to US$ 95.98 Bn by 2027.

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In the recent few years, EV charging infrastructure market has noticed noteworthy product innovation and partnership activity. Some of the significant deals include, in 2018 ChargePoint announced its partnership with Greenlots, to enhance the access for its customers to thousands of additional charging sites across North America with no additional cost. The partnership would strengthen the company’s presence in North America.

Top Leading Market Players:

1. ABB Ltd.
2. ABM Industries Incorporated
3. Bosch Automotive Service Solution
4. ChargePoint, Inc.
5. DELTA ELECTRONICS
6. Driivz Ltd.
7. EVbox
8. Leviton Manufacturing Co., Inc.
9. Siemens AG
10. Tesla, Inc.

The trend of electric vehicle charging infrastructure is growing at an exponential growth rate. The high adoption rate of electric vehicle globally is demanding the requirement of quick and efficient charging stations for charging of the electric vehicle. The Government globally is focusing on taking various initiatives to develop and install EV charging stations. For instance, the US government launched an Energy Program at work named “Charge Georgia.” Under this initiative, the availability of public electric vehicle (EV) charging stations across the state of Georgia has increased significantly, which permit the EV Charging Infrastructure market to prosper in the forecast period.

A new technology known as, “Robotic Charging,” which is the smartest way of charging your electric vehicle. It is an autonomously charging method which makes use of cameras to recognize the charging socket in the vehicle and get connected to it. This new technology is fully controlled by robots which allow the series of an electric vehicle to charge in various parking positions with high speed combined charging system (CCS). The market players globally are focusing towards the development of this new technology to provide better and quicker charging process. Some of the automakers who took the initiative to develop robotic charging system are Tesla, VOLTERIO GmbH, Volkswagens, and many more.

The hardware segment leads the global EV Charging Infrastructure market by component. Huge investments from various hardware manufacturers to deploy an increased number of EV charging infrastructure in public locations is expected to facilitate the EV charging infrastructure market to witness growth in the coming years.

The EV Charging Infrastructure market by hardware is segmented into AC Charger and DC Charger. The trend of charging their vehicles overnight at home has influenced the EV owners to procure and install AC chargers, which has boosted the AC charger segment revenue over the years. The AC charger manufacturers are constantly witnessing increasing demand for Level 1 chargers, attributing to the increase in electric vehicles in the developed countries as well as developing countries. Thus, enhancing the EV Charging Infrastructure market in the forecast period.

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Reasons to Buy the Report:

• Learn about the driving factors, affecting the market growth.
• Imbibe the advancements and progress in the market during the forecast period.
• Understand where the market opportunities lies.
• Compare and evaluate various options affecting the market.
• Pick up on the leading market players within the market.
• Envision the restrictions and restrains that are likely to hamper the market

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