Global Electric Vehicle Charging Station Market Expected to Reach XX Million by 2025
According to a new report published by Reports Monitor titled, “Electric Vehicle Charging Station Market by Type, Property & Applications: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the Electric Vehicle Charging Station Market was valued at XX million in 2016 and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025. Asia Pacific dominates the Electric Vehicle Charging Station Market, both in terms of volume and value, and is expected to maintain this trend throughout the forecast period.
A charging station is generally in the form of fixture connected directly to an electrical distribution panel. It includes one or more charging cables which is equipped with a connector that is similar to a gas pump nozzle. To charge the battery it is connected to the EVs charging socket. The charging station has light that shows that electric vehicle id charging.
The reduction in pollution is a driving factor for the growth of market. Electric vehicles will help to keep the society clean. Electric vehicle reduces the harmful air pollution from exhaust emission. According to the government of Colorado finalized a plan to spend $68.7 million to cut car and truck pollution in the state by investing in electric and alternative-fuel vehicles.
The electric vehicles are more expensive than the conventional vehicles. The demand for electric vehicles will decrease due to the high cost. The batteries of electric vehicles are costlier as compared to the conventional vehicles. There is heavy investment from automakers in electric vehicles which is an emerging opportunity for the growth of the market.
On the basis of segmentation, the market is divided into number segments such as by type, by application, and by region. The type segment is bifurcated into slow AC, fast AC, and fast DC. According to the type, the market is divided into public use, office use, and home use.
Key Question Answered:
• What will be the market size in 2025 and at what rate it will grow?
• Who are the major key players in global electric vehicle charging station market and what are their strategies?
• Which vertical industry is expected to show major growth?
• What segment and region will lead the market and why?
The major companies profiled in the report include: ABB Ltd., Aerovironment, Inc., Elektromotive Limited, General Electric Company, Schneider Electric SE, Delphi Automotive PLC., Eaton Corporation PLC., Siemens AG, Tesla Motors Inc., and Chargepoint Inc.
We at Garner Insights.com provide a comprehensive analysis by providing in-depth reports of the various market verticals. Our Mission is to provide a detailed analysis of the vast markets worldwide backed by rich data. Decision makers can now rely on our well-defined data gathering methods to get the correct and accurate market forecasting along with detailed analysis.