Overview and Scope
An electric vehicle charging station refers to equipment that connects an electric vehicle to an electricity source to recharge the vehicle and keep the vehicle in motion. These are environmentally friendly as they do not emit pollutants.
Sizing and Forecast
The electric vehicle charging stations market size has grown exponentially in recent years. It will grow from $7.74 billion in 2023 to $9.45 billion in 2024 at a compound annual growth rate (CAGR) of 22.1%. The growth in the historic period can be attributed to increasing investments by governments, reducing cost of ev batteries and growing demand for electrical vehicles..
The electric vehicle charging stations market size is expected to see exponential growth in the next few years. It will grow to $23.18 billion in 2028 at a compound annual growth rate (CAGR) of 25.1%. The growth in the forecast period can be attributed to rise in fuel rates, rising popularity of charging vehicles overnight at home for lower costs, rapid growth in ecommerce and restrictions on sales of petrol and diesel vehicles will drive the growth. . Major trends in the forecast period include focusing on charging as a service offerings in order to cater to more customers and offer greater flexibility, offering doorstep ev charging for improved private charging, focusing on ev roaming for effective on-demand service delivery and focusing on sustainable battery management systems..
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Segmentation & Regional Insights
The electric vehicle charging stations market covered in this report is segmented –
1) By Installation Type: Home Charging System, Commercial Charging System
2) By Connector Type: CHAdeMO, CCS, GB/T, Tesla Supercharger, Other Connector Types
3) By Mode Of Charging: Plug In Charging System, Wireless Charging System
4) By Charging Station: AC Charging Station, DC Charging Station
Asia-Pacific was the largest region in the electric vehicle charging station market in 2023. North America was the second-largest region in the electric vehicle charging station market report. The regions covered in the electric vehicle charging stations market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
Increasing tax incentives and subsidies given to local automakers to produce electric vehicles are driving the demand for the electric vehicle (EV) charging station market. Tax incentives and subsidies to the electric vehicle makers are encouraging automakers to make more Electric vehicles which will generate more demand for EV charging stations. China’s subsidy policy caused a 53% increase in the manufacture and sale of electric vehicles in the country. Electric vehicle sales in China were almost four times the numbers sold in the USA, the growth in sales in China is majorly attributed to the subsidy policies and tax incentives given by the Chinese government.
Key Industry Players
Major companies operating in the electric vehicle charging stations market report are Henry Schein Inc., Envista Holdings Corporation, Straumann Group, DENTSPLY Sirona, Dentium Co Ltd: Teld New Energy Co Ltd., IONITY, ChargePoint, Inc., EV Connect Inc., Blink Charging Co., Wanbang Xingxing Charging Technology Co., Ltd., Hangzhou Aoneng Power Supply Equipment Co., Ltd., Magenta Power Private Limited, Midgard Electric, Delta Electronics, Inc., XPeng Inc., TGood, Tata Motors Limited, Siemens AG, Schneider electric, Eaton, SemaConnect, ECOtality, Engie, Leviton Manufacturing Co., Inc., Webasto Group, TotalEnergies, Electra, AVT & Co, CityDock, Elektromobilita, CEZ Group, GreenWay, PKN ORLEN, Tauron Polska, Revnet, PGE Polska Grupa Energetyczna S.A., Ekoenergetyka – Polska S.A., Phihong USA Corporation, EV Safe Charge Inc., Tesla, AeroViroment, Inc., Wi Tricity Corporation, Mojo Mobility, Inc., Enel X, Driivz Ltd., EVBox, Tritium, Wallbox Chargers, S.L., Metro Africa Xpress, Inc., GridCars (Pty) Ltd., Jaguar
The electric vehicle charging stations market report table of contents includes:
1. Executive Summary
2. Electric Vehicle Charging Stations Market Characteristics
3. Electric Vehicle Charging Stations Market Trends And Strategies
4. Electric Vehicle Charging Stations Market – Macro Economic Scenario
5. Global Electric Vehicle Charging Stations Market Size and Growth
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31. Electric Vehicle Charging Stations Market Other Major And Innovative Companies
32. Global Electric Vehicle Charging Stations Market Competitive Benchmarking
33. Global Electric Vehicle Charging Stations Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Electric Vehicle Charging Stations Market
35. Electric Vehicle Charging Stations Market Future Outlook and Potential Analysis
36.Appendix
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