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Electric Vehicles Charging Stations Market 2018 Global Industry Size, Share, Business Growth, Revenue, Trends, Global Market Demand Penetration and Forecast to 2023 | 360 Market Updates

Electric Vehicles Charging Stations

Electric Vehicles Charging Stations Market (2018 – 2023) report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The Electric Vehicles Charging Stations market report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.

Electric Vehicles Charging Stations Market report is anticipated to register a CAGR of 35.54% over a five years forecast period (2018 – 2023).”

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List of Major Key players operating in the Global Electric Vehicles Charging Stations Market are –

  • General Electric Company
  • Schneider Electric SE
  • Delphi Automotive PLC
  • Eaton Corporation PLC
  • Siemens AG
  • Tesla Motors Inc.
  • Chargemaster PLC
  • Aerovironment Inc.
  • Chargepoint Inc.
  • Leviton manufacturing Co. Inc.
  • Semaconnect Inc.
  • The Newmotion BV
  • Qualcomm Incorporated

Due to the increasing demand for electric vehicles across the world, the electric vehicles charging stations market is close to USD 20 billion and is expected to register a CAGR close to 35.54% during the forecast period.

The growing concern of people towards environmental pollution has led them to switch to environment-friendly alternatives for fossil fuel-based vehicles, such as electric and hybrid vehicles. Low maintenance and operation cost features are further attracting more consumers towards electric vehicles, which, in turn, is boosting the demand for electric vehicle charging stations. The existing fleet of cars is also driving the growth of the global electric vehicle charging stations market. According to the forecast made by iSuppli; HIS, the number of fast charging stations are expected to reach 20,000 by the year 2020.

Due to a decline in the prices of batteries and government incentives, the adoption of electric vehicles (EV) is increasing, thereby driving the growth of the electric vehicles charging stations market. China, the largest EV market, is offering tax incentives and subsidies to local automakers to produce electric vehicles. To encourage consumers, the Chinese government has made a policy to reimburse 30% of the total value of the electric vehicle. The Dutch parliament is currently focused on banning the sales of petrol and diesel cars by 2025. Most of the other major automotive markets, such as India, France, and the United Kingdom have announced plans to shun conventional vehicles altogether and replace them with EVs in the future, signaling a huge opportunity for the market.

A major restraint to the market is the lack of a sustainable business and financing model. Consumers are wary of using electric vehicles because of the limited range they offer. It takes anywhere from 15 minutes to several hours for an EV to get fully charged. Therefore, the public charging stations need to contain other infrastructure to keep the users engaged in the dwell time. Charging stations will be needed where there is on-street parking, at places of employment, hotels, airports, shopping centers, and restaurants, as well as in driveways and garages at home.

Charging stations need to offer a range of options, from simple charging posts for roadside use, charging cabinets for covered parking places, to fully automate charging stations integrated with power distribution equipment. The infrastructure is a significant restraint for the EV charging market. This infrastructure has to be adequate from a power supply standpoint as well as a distribution standpoint. In the future, battery swapping will take fold as the time for refilling the EV will be reduced substantially by this method.

The market has been segmented based on the type of charging station, technology, and geography. The segmentation by type of charger consists of AC charging and DC charging. The technology segment has been categorized into CHADeMO, SAE combo, and Supercharger. Based on geography, the market has been classified into North America, Europe, Asia-Pacific, and Rest of the World.

The CHADeMO charger sub-segment holds the largest share in the world in the technology segment. CHADeMO is a DC fast charger and the common type of charger for Nissan, Mitsubishi, and Toyota. The residential charger sub-segment accounts for the largest share in the application segment. In the regional segmentation, Asia-Pacific has the largest share. The Asia-Pacific sub-segment is dominated by China, followed by Japan. China remains number one in the market for plug-in vehicles and therefore, requires the maximum number of charging stations. Oslo in Norway has the maximum share of EVs, with more than 2,400 charge points and about 130 fast chargers per million people.

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Scope of the Report:

The report analyses Electric Vehicles Charging Stations market, which includes –

  • Analysis of the growth of Electric Vehicles Charging Stations market in global and regional level including Asia-Pacific, Americas, and EMEA.
  • The report provides Electric Vehicles Charging Stations market analysis for key countries including the US, Canada, Chile, China, India, Japan, the UK, Germany, France, and Italy.
  • The report offers country level Electric Vehicles Charging Stations market volume and value by end-user segment for the period 2012-2023.
  • Qualitative analysis of key market drivers and restraints, and analysis of their impacts on Electric Vehicles Charging Stations market are discussed.
  • The report provides competitive landscape at country level for the year 2018. It also covers key policies and initiatives, key deals, and key upcoming projects.

Highlighted points of Electric Vehicles Charging Stations Market Report:

  • Varying dynamics of the Electric Vehicles Charging Stations industry.
  • Prospective changes in sales volumes and worldwide share growth in upcoming years (2018-2023).
  • Electric Vehicles Charging Stations market report recognizes the key drivers of growth and challenges of the key industry players.
  • Competitors profiles along with product description, overview, and business data.
  • A complete analysis of market risks, opportunities, limitations, and growth of the market.
  • Market driving and restraining factors.
  • Delivers information on the historical and current market size and the future potential of the market.
  • Electric Vehicles Charging Stations market report provides a comprehensive analysis of the market with respect to market dynamics, competitive analysis, and upcoming trends of the market.

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Reasons to Purchase Electric Vehicles Charging Stations Market Report:

  • The report analyses how stringent emission control norms will drive the global Electric Vehicles Charging Stations market.
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
  • Study on the product type that is expected to dominate the market.
  • Study on the regions that are expected to witness the fastest growth during the forecast period.
  • Identify the latest developments, market shares and strategies employed by the major Electric Vehicles Charging Stations market players.
  • 3 months’ analyst support along with the Market Estimate sheet (in excel).

In this study, the years considered to estimate the market size of Electric Vehicles Charging Stations:

History Year: 2013-2017
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2023

Look into Table of Content of Electric Vehicles Charging Stations Market Report @ https://www.360marketupdates.com/TOC/12885597#TOC

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