Global Electric Vehicle Charging Infrastructure Market, By Vehicle Type (Two Wheeler, Four Wheeler and Commercial Vehicle), By Type (AC and DC), By Charging Mode (Plug-in and Wireless), By Installed Location (Residential and Commercial), By Connector Type (UK 3-Pin, Industrial Commando, Type 1, Type 2, CHAdeMO, CCS, Tesla’s Proprietary Supercharger Connectors), By Type of Charging (Slow and Fast), By Region, Competition, Forecast & Opportunities, 2026
New York, Aug. 23, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Electric Vehicle Charging Infrastructure Market, By Vehicle Type, By Type, By Charging Mode, By Installed Location, By Connector Type, By Type of Charging, By Region, Competition, Forecast & Opportunities, 2026" - https://www.reportlinker.com/p05872168/?utm_source=GNW
Global Electric Vehicle Charging Infrastructure market is expected to grow from USD7.39 billion in 2020 to USD36.72 billion in 2026, growing at CAGR of 31.22% until 2026 because of increased GHG emission and rising demand for electric vehicles, globally. Increasing level of pollution is a major environmental issue and every country is taking necessary steps to overcome the problem. Vehicles based on petrol, diesel and other fuels are one of the major reasons behind increasing the level of pollution. Gases like carbon dioxide, carbon monoxide, etc. coming out of the vehicles are also depleting the ozone layer. To overcome this problem, countries are spreading awareness among their citizens to use electric vehicle and offering subsidies on its purchase, helping in decreasing vehicular pollution. As the demand for electric vehicles is increasing, it is important to develop or setup new EV charging stations to overcome the shortage of charging stations.
Global Electric Vehicle Charging Infrastructure market can be segmented based on vehicle type, by type, by charging mode, by installed location, by connector type and by type of charging.On the basis of vehicle type, the market can be classified into two-wheeler, four-wheeler and commercial vehicle.
Two-wheelers accounted for the majority market share, and the demand for electric two-wheelers is forecast to grow in future as well due to huge fluctuation in petrol prices around the world.Owing to enormous number of two-wheelers, more charging stations for electric two-wheelers are available than for electric four-wheelers.
During the projected period, two-wheeler charging infrastructure will continue to outnumber four-wheeler charging infrastructure, but it is estimated that four-wheeler charging infrastructure will grow at a brisk rate in the forecast year owing to consumer awareness and several initiatives taken by government of several countries to transform their vehicle fleet into electric.
Based on type, AC charging stations are more than DC because of low power consumption and are cost-effective to setup.However, due to more charging time, it is expected that the DC charging station will show a good growth in the forecast period.
Based on charging mode, plug-in charging stations are more than 95% and are expected to dominate the wireless charging station.Based on installed location, commercial EV charging station dominates the residential EV charging station because of cost of installation is more for residential EV charging station than commercial charging station.
Due to increasing fleet of electric vehicle, it is expected that residential EV charging station will increase in forecast period at a good year-on-year growth, but commercial EV charging station will dominate in future as well. Based on the type of charging, the slow EV charging stations are more than fast charging but as the fleet of electric vehicle increases, the demand for fast charging station will also increase.
Regionally, the market for Electric Vehicle Charging Infrastructure is gaining traction and expanding to various regions including Asia-Pacific, North America, Europe & CIS, Middle East & Africa and South America.Asia-Pacific was the biggest region in terms of Electric Vehicle Charging Infrastructure in 2020 and it is expected that it will dominate in future as well.
The major reason behind the dominance of Asia-Pacific is the increasing fleet of electric vehicles and rapid growth of EV charging stations in China.In terms of new installation of EV charging station, China itself has the share of above 50% in 2020.
Europe has the share of approximately 30% in EV charging station in 2020 and it is expected that in terms of region wise sales, it will continue to be on second position after Asia-Pacific followed by North America, South America and Middle East & Africa.
Major players operating in the global Electric Vehicle Charging Infrastructure market are TGOOD Global Ltd., ChargePoint, Inc. EVBox, ABB, Tesla, Webasto Group, Siemens AG, Schneider Electric, Eaton and Royal Dutch Shell plc. Key players are developing advanced technologies and launching new products to stay competitive in the market. Other competitive strategies include mergers and acquisitions and new product developments. Players operating in the market are improving R&D capabilities while enhancing operational efficiency to register positive growth.
Years considered for this report:
Historical Period: 2016-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2021-2026
Objective of the Study:
• To analyze the historical growth in market size of global Electric Vehicle Charging Infrastructure Market from 2016 to 2020.
• To estimate and forecast the market size of global Electric Vehicle Charging Infrastructure Market from 2021 to 2026 and growth rate until 2026.
• To identify dominant region or segment in the global Electric Vehicle Charging Infrastructure Market.
• To identify drivers and challenges for global Electric Vehicle Charging Infrastructure Market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global Electric Vehicle Charging Infrastructure Market.
• To conduct pricing analysis for global Electric Vehicle Charging Infrastructure Market.
• To identify and analyze the profile of leading players operating in global Electric Vehicle Charging Infrastructure Market.
The analyst performed both primary as well as exhaustive secondary research for this study.Initially, the analyst sourced a list of manufacturers across the globe.
Subsequently, the analyst conducted primary research surveys with the identified companies.While interviewing, the respondents were also enquired about their competitors.
Through this technique, the analyst could include manufacturers which could not be identified due to the limitations of secondary research. The analyst examined the service offerings, distribution channels and presence of all major manufacturers across the globe.
The analyst calculated the market size of global Electric Vehicle Charging Infrastructure Market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. The analyst sourced these values from the industry experts and company representatives and externally validated them through analyzing historical data of these product types and applications for getting an appropriate, overall market size.
Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by the analyst.
Key Target Audience:
• Original equipment manufacturers, suppliers and other stakeholders
• Research organizations and consulting companies
• Government bodies such as regulating authorities and policy makers.
• Organizations, forums and alliances related to Electric Vehicle Charging Infrastructure.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, global Electric Vehicle Charging Infrastructure Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
• Global Electric Vehicle Charging Infrastructure Market, By Vehicle Type:
o Two- Wheeler
o Commercial Vehicle
• Global Electric Vehicle Charging Infrastructure Market, By Type:
• Global Electric Vehicle Charging Infrastructure Market, By Charging Mode:
• Global Electric Vehicle Charging Infrastructure Market, By Installed Location:
• Global Electric Vehicle Charging Infrastructure Market, By Connector Type:
o UK 3-Pin
o Industrial Commando
o Type 1
o Type 2
o Tesla’s proprietary supercharger connectors
• Global Electric Vehicle Charging Infrastructure Market, By Type of Charging:
• Global Electric Vehicle Charging Infrastructure Market, By Region:
o Europe & CIS
o North America
o South America
o Middle East & Africa
With the given market data, we offers customizations according to a company’s specific needs. The following customization options are available for the report:
• Detailed analysis and profiling of additional market players (up to five).
Read the full report: https://www.reportlinker.com/p05872168/?utm_source=GNW
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