Electric Vehicle Charging Stations Market 2019 Global Analysis, Size, Trends, Growth, Share, Opportunities, Regional Outlook, Emerging Technologies, And Industry Forecast To 2023

Electric Vehicle Charging Stations Market 2019 Global Analysis, Size, Trends, Growth, Share, Opportunities, Regional Outlook, Emerging Technologies, And Industry Forecast To 2023

“Electric Vehicle Charging Stations Market 2019”
Electric Vehicle Charging Stations Market is growing rapidly across the world according to a recent study report published by the Market Research Future on Global Electric Vehicle Charging Stations Market. Global Electric Vehicle Charging Stations industry is forecasted to witness steady growth of 41.79% CAGR by 2023. Report provides Electric Vehicle Charging Stations Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Electric Vehicle Charging Stations Global Market is segmented by Charging Station (AC Charging Station, DC Charging Station and Inductive Charging Station), Connector Type (CHAdeMO, Combined Charging System and others), Installation Type (Residential and Commercial), Vehicle Type (Battery Electric Vehicle (BEV) and Plug-In Hybrid Vehicle (PHEV)) and Region (North America, Europe, Asia-Pacific and RoW).

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Electric Vehicle Charging Stations Market Key Companies Studied In This Research Report:

Siemens, Schneider Electric, ABB, Tesla, Eaton, EVgo Services LLC, ChargePoint, Inc., Leviton Manufacturing Co., Inc., The New Motion B.V., and Webasto Group.

Global Electric Vehicle Charging Stations Market Analysis 2019:

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 global electric vehicle charging stations market has fared well the past couple of years owing to the highly favorable ecosystem that complement its sustainable growth. Numerous countries around the world are taking several initiatives that motivate the general population for using electric vehicle (EVs) so the growing concerns associated with environmental pollution and global warming could be curbed. Thus, these initiatives are having a positive impact on the electric vehicle charging stations market. Case in point is the development of 48 national EV charging networks for highways in November 2017 by the US administration. The charging networks cover the total distance of approximately 25,000 miles across 35 states of the country. Furthermore, this initiative has resulted in the coming together of 28 states, EV charging firms, utilities, as well as prominent EV manufacturing companies like General Motors, BMW, and Nissan.

The vast pool of advantages linked with the use of electric vehicles over traditional fuel-based vehicles is projected to push the demand for electric vehicles as well. It is also noted that OEMs are now focusing upon connected electric vehicle solutions for individuals with electric vehicles range anxiety. This is also slated to accelerate the global market for electric vehicle charging station soon.

Due to high disposable income and government initiatives, the biggest country-specific markets in North America are Canada and the United States of America (USA). Europe is one of the most promising regional markets due to the existence of profitable countries such as France, Germany, Italy, Norway, Spain, and the United Kingdom (UK).

However, the high initial cost linked with electric vehicle batteries is a major constrain to the overall growth of the market.

Report Scope:

Study Period: 2017-2023

Base Year: 2017

Target Audience of Report: This report mainly focuses on Electric Vehicle Charging Stations vendors, Distributor & Supplier companies, and end Users. Investment bankers and consultants with end user for Electric Vehicle Charging Stations market also analyzed. And finally, Government and Independent Regulatory Authorities involved with Electric Vehicle Charging Stations Global Industry are studied in this report.

Segmentation:

Based on 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%.

Since 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%.

Based on 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%.

Regional Analysis:

Region-wise, the global Electric Vehicle Charging Stations market has been segmented into North America, Rest-of-the-World (RoW), Europe, and Asia Pacific (APAC).

As mentioned earlier, the global market is expected to see substantial growth and expansion over the forecast period. A major share of the growth will be contributed by Asia Pacific. The Asia Pacific region is identified as the largest player in the global market for electric vehicle charging station. The region is further believed to remain at the top of the global standings due to its consistent growth rate. The region is driven by a number of factors, including the increasing sales percentage of electric vehicles, the increasing prices of fuel, and the growing number of favorable initiatives imposed by the government.

On the global platform, Asia Pacific has managed to climb to the top with the largest market, trailed by Europe and North America. The most obvious reasons backing this growth are the rapidly increasing sales of electric vehicles, strongly supported by government initiatives as well as the increasing fuel prices which are elevating the demand for electric vehicles. For instance, in September 2017, the government in Singapore had launched the first large-scale EV car sharing program called BlueSG. The program is a subsidiary of Bollore Group and is set to install at least 500 charging stations that are equipped with 2,000 charging points across the country.

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.

North America is another region where the electric vehicle charging station market is at presently flourishing, backed by the huge outlay in terms of the development of the electric vehicle infrastructure in the form of recharge stations along with various other policies. The region has noted a considerable increase in the sales of electric cars since 2014, evidently implying the rise in the demand for electric vehicle charging stations in the region. Besides, the sale of the electric vehicles has doubled in the United States (US), aiding the market in generating abundant revenue.

Study Objectives of Global Electric Vehicle Charging Stations Market:

— To provide detailed analysis of the market structure along with forecast for the next five years of various segments and sub-segments of the global market

— To provide insights about factors affecting the market growth

— To analyze the market based on various factors such as supply chain analysis, and Porter’s five forces analysis

— To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries – North America, Europe, Asia-Pacific, and ROW.

— To provide country level analysis of the market with respect to the current market size and future prospective

— To provide country level analysis of the market for segment by type, vehicle type, and region

— To provide strategic profiling of the key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market

— To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global Electric Vehicle Charging Stations industry

Major Table of Content:

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Process

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market Size Estimation

2.5 Forecast Model

3 Market Landscape

3.1 Porter’s Five Forces Analysis

3.1.1 Threat Of New Entrants

3.1.2 Bargaining Power Of Buyers

3.1.3 Bargaining Power Of Suppliers

3.1.4 Threat Of Substitutes

3.1.5 Segment Rivalry

3.2 Value Chain/Supply Chain Analysis

4 Market Dynamics

4.1 Introduction

4.2 Market Drivers

4.3 Market Restraints

4.4 Market Opportunities

4.5 Market Trends

Continued…

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