In the last few years, the requirement for electric vehicle charging stations has enhanced in response to the increased sales of electric vehicles (EV). To study the market for electric vehicle charging stations on the global scale, a new report has been included in the vast database of Market Research Reports Search Engine (MRRSE). This research study is titled “Electric Vehicle Charging Station Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025”, which talks about the overall market scenario covering all the trends and technologies. Moreover, the report also encloses data regarding the drivers, restraints as well as opportunities which are expected to influence the market in the coming years.
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An electric vehicle charging station is an infrastructure or component which works to supply electric energy to the electric vehicles with an aim to recharge the batteries at home or at public spaces. These charging stations provide energy to plug-in electric vehicles which include electric cars and plug-in hybrids. Further, charging equipment can be segregated on the basis of charging time and the usage.
The report states that the market for electric vehicle charging station is gaining support from government policies. For instance, different governments have actively introduced various subsidies with a motive to promote the sales of electric vehicles. Hence, the global market is anticipated to showcase an exponential CAGR of 30.8% between 2017 and 2025. Maintaining this pace, the market’s valuation might soon reach US$37.48 bn by the end of the forecast period. The report initially talks about the market definition, scope, and market overview, which includes factors such as key market indicators and market dynamics. The reader can access important information related to the drivers and restraints so as to learn about the electric vehicle charging station market in-depth.
In the next section, the market segmentation is carefully presented on the basis of end-use. The most prominent end users for electric vehicle charging stations are government, public space and municipalities (parks and street), healthcare, commercial office space, retail, hospitality, logistics and transportation (fleet services), residential, education, and others. Further, the geographical segmentation focuses on the prime market regions across the globe.
Regionally, the global electric vehicle charging station market can be segmented into North America, South America, Europe, Asia Pacific, and the Middle East and Africa. It has been noted that the Asia Pacific region emerged as the dominant market in 2016; it is expected to remain at the front during the forecast period. As the report proceeds, the readers get a chance to gain knowledge about the forecast analysis. This section covers market revenue projections, market volume projections and Porter’s Five Force Analysis. Some of the most active players mentioned in the report are Bosch Automotive Service Solutions Inc., ChargePoint, Inc., Delta Group, Eaton Plc, Enel Group and General Electric Co.
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