Market Research Future has Published a Cooked Research Report on the Global Electric Vehicle Charging Station Market

Overview

The Global Electric Vehicle Charging Station Market is expected to gain an unprecedented volume of 43,528.7 thousand units by 2025, with a CAGR of 41.79% during the forecast period (2019–2025).

The report covers segmentation and the market dynamics for a better glimpse of the market in the coming years. The electric vehicle charging station (EVCS) market is dependent on the mass adoption of electric vehicles (EVs). EVCSs are also called electric vehicle charging stations/systems, electric vehicle supply equipment (EVSE) and electric charging points. There are a number of different types of chargers used to charge an EV, including AC, DC, and inductive charges for various applications, such as home chargers, commercial/public charging, and workplace charging.

Segmental Analysis

The global electric vehicle charging station market has been segmented based on charging station, connector type, installation type, vehicle type, and region.

On the basis of charging station, the market is segmented into AC charging station, DC charging station, and inductive charging station. The AC charging station segment dominated the market with a share of 75.5%, accounting for 2,877.3 thousand units in 2018; it is projected to exhibit a CAGR of 41.22%. The DC charging station segment was the second largest with a share of 19.4% in 2018, sized at 738.5 thousand units; it is projected to exhibit the highest CAGR of 45.72%.

On the basis of connector type, the market is segmented into CHAdeMO, Combined Charging System, and Others (GB/T standard, Tesla Supercharger, SAE standard, and IEC standard). The others segment dominated the market with a share of 56.3%, accounting for 2,146.6 thousand units in 2018; it is expected to register the CAGR of 41.64% from 2019 to 2025. The combined charging system segment was the second largest with a share of 27.5% in 2018, sized at 1,046.8 thousand units; it is projected to exhibit a CAGR of 39.96%.

On the basis of installation type, the global electric vehicle charging station market is segmented into residential and commercial. The residential segment dominated the market with a share of 70.9%, accounting for 2,701.5 thousand units in 2018; it is projected to exhibit a CAGR of 40.27%. The commercial segment held a share of 29.1% in 2018, sized at 1,110.5 thousand units; it is projected to exhibit the higher CAGR of 45.08%.

Browse Full Report Details @ https://www.marketresearchfuture.com/reports/electric-vehicle-charging-station-market-5401

Competitive Analysis

Some of the prominent players operating in the global electric vehicle charging station market report are Siemens, Schneider Electric, ABB, Tesla, Eaton, EVgo Services LLC, ChargePoint, Inc., Leviton Manufacturing Co., Inc., The New Motion B.V., and Webasto Group.

Eaton strategizes to adopt strategic growth initiatives by developing technology leadership, growing strategic partnerships, and delivering superior value for the end users. It focuses on investing in establishing its Center for Intelligent Power (CIP) globally to meet the requirement of vehicle electrification in the global automotive industry. Moreover, the company focuses on maintaining its market position by expanding its manufacturing and distribution units in the rural areas to easily meet the customer demands for electric vehicle chargers. Furthermore, it has been focusing on user behavior in e-mobility while developing electric vehicle charging solutions.

Siemens strategizes to monitor its current and potential markets to identify opportunities for strategic mergers, acquisitions, equity investments and partnerships to complement its organic and inorganic growth. This allows the company to strengthen its position in the existing markets and improve its scope for market development. Its global presence provides the opportunity to take advantage of the lucrative markets and increase market penetration activities. It is collaborating with various companies for sales of electric vehicle charging station. For instance, in August 2018, Siemens partnered with Ubitricity to provide on-street residential electric vehicle charging point using existing street light infrastructure with USD 4.5 million investment from Go-Ultra Low City Scheme.

Regional Analysis

On the basis of region, the market is segmented into North America, Europe, Asia-Pacific, and the rest of the world. Asia-Pacific is anticipated to lead the electric vehicle charging station market during the forecast period, followed by Europe and North America. Furthermore, Asia-Pacific is expected to witness the highest growth in the global electric vehicle charging station market, owing to the effective initiatives taken by the governments of countries, such as China, Japan, India, and Singapore for the development of EV charging stations.

The Middle East plays an important role in the penetration of electric vehicles in the global market, owing to the various initiatives from the UAE government to reduce emissions generated from road transport. The deployment of EVs will create an economic change in the Middle East, which will impact the installation of EV charging stations in the future. The US top car manufacturers, including Ford Motors, have entered the electric vehicle market in the Middle East, which further enhances the availability of different vehicle models in the region. This is expected to influence the production and installation of EV charging stations, across the region, during the forecast period.

The global electric vehicle charging station market is expected to reach 43,528.7 thousand units by 2025, with a CAGR of 41.79% by the end of the forecast period.

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