EV Charging Infrastructure Market Still Has Room to Grow | Emerging Players ABB, ABM Industries, Bosch Automotive Service Solution, ChargePoint
According to the new research report published by The Insight Partners, titled “EV Charging Infrastructure – Global Analysis and Forecast to 2027”, The Global EV Charging Infrastructure Market is expected to reach US$ 95.98 Billion in 2027, registering a CAGR of 36.8% during the forecast period 2019-2027.
In 2018, Asia-Pacific accounted for the largest share in the EV Charging Infrastructure market. Europe region is expected to be the fastest growing region in the EV Charging Infrastructure 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.
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The report analysis the leading players of the Global EV Charging Infrastructure Market by inspecting their market share, recent developments, new product launches, partnerships, mergers, or acquisitions, and their target markets. This report also includes an exhaustive analysis of their product profiles to explore the products and applications their operations are concentrated on in the global EV Charging Infrastructure Market. Additionally, the report gives two distinct market forecasts, one from the perspective of the producer and another from that of the consumer. It also offers valuable recommendations for new as well as established players of the global EV Charging Infrastructure Market.
Leading Key Market Players Mentioned in the Report:- ABB Ltd., ABM Industries Incorporated, Bosch Automotive Service Solution, ChargePoint, Inc., Delta Electronics, Driivz Ltd., EVbox, Leviton Manufacturing Co., Inc., Siemens AG, and Tesla, Inc. among others.
An off-the-shelf report on EV Charging Infrastructure Market which has been compiled after an in-depth analysis of the market trends prevailing across five geographies (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America). Various segments of the market such as type/components/ application/industry verticals/ end-users are analyzed with robust research methodology which includes three step process starting with extensive secondary research to gather data from company profiles, global/regional associations, trade journals, technical white papers, paid databases etc. followed by primary research (interviews) with industry experts/KOLs to gain their insights and views on current scenarios and future scope of the market as well as validating the secondary information, further internal statistical model is used to estimate the market size and forecasts till 2027.
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.
Exhibit: Rest of APAC EV Charging Infrastructure Market by Hardware
GLOBAL EV CHARGING INFRASTRUCTURE MARKET SEGMENTATION
GLOBAL EV CHARGING INFRASTRUCTURE MARKET — BY PLATFORM
- Hardware
- Services
GLOBAL EV CHARGING INFRASTRUCTURE MARKET — BY HARDWARE
- AC Charger
- DC Charger
GLOBAL EV CHARGING INFRASTRUCTURE MARKET — BY CHARGER TYPE
- Public Charger
- Private Charger
The report also provides the market size and estimates a forecast from the year 2018 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America providing an exhaustive PEST analysis for all five regions after gauging the political, economic, social and technological factors effecting the EV Charging Infrastructure Market.
The report also analyzes the factors affecting EV Charging Infrastructure Market from both demand and supply side and further evaluates market dynamics i.e., drivers, restraints, opportunities, and future trend, effecting the market during the forecast period.
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