The increasing popularity and sales of electric vehicles has resulted in robust demand for electric vehicle charging stations in recent years. Rising demand for sustainable and energy-efficient transportation and increasing environmental concerns are primary factors responsible for the increasing demand for electric vehicles and hybrid vehicles. This in turn is boosting the growth of the electric vehicle charging stations market during the forecast period. Major market players are focusing on creating wide network and developing the architecture for electric vehicle charging stations for future growth.
MARKET SCOPE
The "Global Electric vehicle charging stations Market Analysis to 2028" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the electric vehicle charging stations market with detailed market segmentation by type, vehicle type, installation type, and geography. The report provides key statistics on the market status of the leading electric vehicle charging stations market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type, the global electric vehicle charging stations market is segmented into AC charging station and DC charging station.
- On the basis of vehicle type, the market is segmented into battery electric vehicle and plug-in hybrid vehicle.
- Based on installation type, the global electric vehicle charging stations market is segmented into residential and commercial.
MARKET DYNAMICS
Drivers:
- Increasing penetration of electric vehicles coupled with development of smart cities.
- Growing concern towards environment pollution is further likely to fuel the market growth.
- Introduction of vehicle-to-grid EV charging stations is likely to create substantial opportunities for the key players over the coming years.
Restraints:
- Lack of standardization during the forecast period.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The electric vehicle charging stations market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the electric vehicle charging stations market in these regions.
IMPACT OF COVID-19 ON ELECTRIC VEHICLE CHARGING STATIONS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the electric vehicle charging stations market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from electric vehicle charging stations market are anticipated to lucrative growth opportunities in the future with the rising demand for electric vehicle charging stations in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the electric vehicle charging stations market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- ABB Ltd.
- Alfen N.V.
- EFACEC Group
- Engie SA
- EVgo Services LLC
- Leviton Manufacturing Co., Inc.
- Schneider Electric SE
- Siemens AG
- Tesla, Inc.
- TGOOD Global Ltd.