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EV Charging Infrastructure Market to Cross USD 56 Billion by 2026

November 14, 2019 GMT
electric vehicle charging stations market is projected to grow at a CAGR of 40.8% to hit $56 Billion by 2026
electric vehicle charging stations market is projected to grow at a CAGR of 40.8% to hit $56 Billion by 2026

SELBYVILLE, Del. - November 14, 2019 - ( Newswire.com )

​As per the latest study report titled ‘Electric Vehicle Charging Infrastructure Market [By Connector Protocol (CHAdeMO, Combined Charging System); By Charger Type (Slow Charger, Fast Charger); By Charging Method (AC Charging, DC Charging); By Application (Commercial, Home); By Regions]: Market Size & Forecast, 2018 – 2026’ available with Market Study Report LLC, the global electric vehicle charging infrastructure/stations market is anticipated to accumulate US $56.9 billion by the year 2026.

Rising fuel prices, coupled with strict environmental norms are compelling the consumers to adopt electric vehicle (EV). The cost of these EV is reducing globally in tandem with favorable government subsidies and tax benefits, which is propelling the adoption of electric vehicle, hence aiding the growth of electric vehicle charging infrastructure/stations market.

Moreover, growing inclination towards electric cars is encouraging the major vehicle manufacturers to invest in R&D activities to develop and launch new EV models. As the number of electric vehicles on the road is increasing, the need for charging infrastructure is becoming indispensable, thereby fostering the demand for EV charging stations. Key companies along with government organization are setting up charging infrastructures across cities for public use. These utilities enable faster charging of vehicles with reduces cost and time.

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According to the report, the global electric vehicle charging infrastructure/stations market is projected to grow with a CAGR of 40.8% through 2026, while the fast charger segment is expected to dominate the industry over the forecast period.

Considering the geographies, Asia Pacific region led the EV charging infrastructure/stations market in 2017, owing to growing adoption of electric vehicle in emerging economies of China, Japan, and India. Across APAC, Japan is rapidly installing EV charging stations. Furthermore, North America electric vehicle charging infrastructure/stations market is presumed to register a growth rate of 45% over the analysis timeframe, cites the report.

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The key players operating in EV charging stations market include Tesla Motors, Inc., Schneider Electric SE., Delphi Automotive LLP, ChargePoint, Inc., Leviton Manufacturing Co, Inc., SemaConnect, Inc., AeroVironment, Inc., General Electric, and ABB Limited among others.

Table of Contents:

1. Overview and Scope

2. Executive Summary

3. Electric Vehicle Charging Infrastructure Market Insights

4. Electric Vehicle Charging Stations Market Size and Forecast by Connector Protocol

5. Electric Vehicle Charging Infrastructure Market Size and Forecast by Charger Type

6. EV Charging stations Market Size and Forecast by Charging Method

7. Electric Vehicle Charging Infrastructure Market Size and Forecast by Application

8. Electric Vehicle Charging stations Market Size and Forecast by Regions

9. Company Profiles

Key Question & Answer in Electric Vehicle Charging Infrastructure/Stations Market Report:

Question 1: Why is adoption of electric vehicle boosting the growth of electric vehicle charging infrastructure market?

Answer: As the number of electric vehicles on the road is increasing, the need for charging infrastructure is becoming indispensable, thereby fostering the demand for EV charging stations. Key companies along with government organization are setting up charging infrastructures across cities for public use. These utilities enable faster charging of vehicles with reduces cost and time.

Question 2: How is the electric vehicle charging infrastructure/stations market predicted to expand over the forthcoming years?

Answer: The global electric vehicle charging infrastructure/stations market is projected to grow with a CAGR of 40.8% through 2026 and is anticipated to accumulate US $56.9 billion.

Question 3: Which region will register fastest growth across global electric vehicle charging infrastructure/stations market?

Answer: North America electric vehicle charging infrastructure/stations market is presumed to register the fastest growth rate of 45% during 2018 to 2026.

Question 4: What defines the competitive landscape of electric vehicle charging infrastructure market?

Answer: The competitive landscape of electric vehicle charging infrastructure/stations market is defined by key players including Tesla Motors, Inc., Schneider Electric SE., Delphi Automotive LLP, ChargePoint, Inc., Leviton Manufacturing Co, Inc., SemaConnect, Inc., AeroVironment, Inc., General Electric, and ABB Limited among others.

Related Report:

Global Electric Vehicle (EV) Charging Infrastructure Market Size, Status and Forecast 2019-2025

In 2018, the global Electric Vehicle (EV) Charging Infrastructure market size was 20000 million US$ and it is expected to reach 458800 million US$ by the end of 2025, with a CAGR of 47.9% during 2019-2025. Electric Vehicle (EV) Charging Infrastructure is the place for electric vehicle charging. With the popularity of electric vehicle, electric vehicle charging infrastructure will become the key point of the development of the auto industry and energy industry.Electric vehicle charging infrastructure can better solve the problem of quick charge, energy conservation and emissions reduction.

This report focuses on the global Electric Vehicle (EV) Charging Infrastructure status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Electric Vehicle (EV) Charging Infrastructure development in United States, Europe and China. The key players covered in this study ABB, AeroVironment, Elektromotive, ChargePoint, Schneider Electric, Chargemaster, Eaton, Siemens, SemaConnect, ClipperCreek, Tesla Motors, Delphi Automotive, General Electric, Leviton Manufacturing.

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Related Links

Electric Vehicle Charging Infrastructure Market Forecast
EV Charging Infrastructure Market Report

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Original Source: EV Charging Infrastructure Market to Cross USD 56 Billion by 2026