Global Market Insights added a new report on EV Charging Infrastructure Market to its research database. The report focuses on global major leading players with information such as company profiles, growth, product segment, technology segment, end user segment and region.
Burgeoning demand for eco-friendly, energy efficient sustainable transportation solutions is poised to propel global EV charging infrastructure market share over the predicted timeframe. Facilitated by escalating energy-related costs, speedy industrial development alongside strategic partnerships among prominent automotive producers such as Nissan and BMW Group, the EV charging infrastructure industry is likely to gain considerable momentum over the coming years. Likewise, regulatory initiatives towards mitigating carbon emissions will further boost the business landscape.
Browse key industry insights spread across 360 pages with 834 market data tables & 34 figures & charts from the report, “Electric Vehicle Charging Infrastructure Market Size By Current (AC {Level 1, Level 2}, DC), By Charging Site (Public, Private) Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Norway, Germany, France, Netherlands, UK, Austria, Belgium, Denmark, Finland, Ireland, Luxembourg, Sweden, Italy, Portugal, Spain, Poland, Slovakia, Russia, China, Japan, India, South Korea, Singapore, Vietnam, Australia, Thailand, Philippines, Malaysia, Indonesia, Saudi Arabia, UAE, Israel, South Africa, Jordan, Argentina, Chile), Price Trends, Growth Potential, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the t of contents: https://www.gminsights.com/industry-analysis/ev-charging-infrastructure-market
Soaring emissions from diesel-based on road vehicles has necessitated strict government reforms to back the implementation of sustainable alternative for fuels to power vehicles, which will in turn promote higher installation of charging infrastructure. Myriad state and federal benefits will also stimulate product demand and minimize the up-front costs for electric vehicles, which will help bridge the cost-gap between these systems and their gas-powered counterparts.
Oils with high carbon concentrations will incur heavy taxes and the implementation of distance and location-based charging stations will facilitate the onset of zero-emission mobility solutions, thereby bolstering industry outlook.
In 2018, the EV charging infrastructure market size from the public segment recorded remuneration worth over $4 billion, given the rising number of electric vehicles and government support in the form of incentives and subsidies. Also, innovative developments in battery technologies will promote the installation of battery swapping station, leading to a considerable surge in industry demand.
On the regional front, the Germany EV charging infrastructure industry will witness commendable growth prospects as a result of stringent policies aimed towards reducing the impact of GHG emissions on environmental and human health. The upsurge in fuel costs and the subsequent rise in EV adoption will also foster EV charging infrastructure market outlook in the region.
For instance, the IEA (International Energy Association) has reportedly suggested that the expansion of electric vehicles will double from around 60 million to over 125 million over 2030, asserting a positive influence on the development of charging infrastructures. Industry growth will be further supported by the steady takeover of diesel-powered buses by their electric counterparts, with the aim of inhibiting environmental footprint and ensuring seamless and efficient commute systems.
The Northwest Pacific and California regions are experiencing widespread acceptance of electric vehicles, alongside higher infiltration of single-family residences, which will bolster U.S EV charging infrastructure industry trends in the foreseeable future. ESCOs are introducing a vast array of projects and programs aimed towards funding, design, development and construction of public charging stations, which is likely to accelerate market expansion in the region.
To illustrate, the Southern California region in 2018, implemented a $343 million program designed to install charging infrastructure across more than 870 sites, facilitating the electrification of nearly 8000 medium and heavy-duty vehicles.
According to reliable reports, the global EV charging infrastructure market is expected to surpass $46 billion over 2025.
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