Electric Vehicle Charging Stations market is anticipated to grow a CAGR of 30.26% during the forecast period. The increasing demand for fuel-efficient vehicles, due to the rising prices of petrol and diesel, has been a major factor driving the growth of the global electric vehicles (EVs) market. Furthermore, the availability of three-pin charging plugs, public charging stations, and home wall box chargers has enabled EVs to charge from the grid, further propelling their market growth. EV charging station companies are expected to aggressively opt to reduce the issue that adds to smog, improving public health, and reducing ecological damage. The installation of EV charging stations is expected to be a major step forward in reducing air pollution, improving public health, and protecting the environment. By providing a convenient and reliable source of energy for electric vehicles, EV charging station companies can help reduce emissions and their associated environmental impacts. The factors that influence the consumers to purchase an electric vehicle includes driving range anxiety, charging time, price awareness, lack of infrastructure (charging facilities), government policies, and environmental concerns. Consumers also value the performance capabilities of electric vehicles, such as acceleration and top speed, when making their purchase decisions. Additionally, factors such as the design and aesthetics of the vehicle can influence consumer decisions. For instance, in December 2022, Tesla Inc. is leading the EV charging station market with its innovative charging solutions and has plans to expand into the Southeast Asian region.
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The global electric vehicle charging stations market is segmented based on charging point type, charging services, application, and Installation. Based on the charging point type, the market is bifurcated into AC (normal charging), and DC (super charging). Further, based on the charging services, the market is divided into EV charging, and battery swapping. Lastly based on the application, the market is augmented into private, and public. Among the charging services, the EV charging sub-segment is expected to hold a considerable share of the market.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Electric Vehicle Charging Stations Market by Charging Point Type
- AC (Normal Charging)
- DC (Super Charging)
Global Electric Vehicle Charging Stations Market by Charging Services
- EV Charging
- Battery Swapping
Global Electric Vehicle Charging Stations Market by Application
- Private
- Public
Global Electric Vehicle Charging Stations Market by Installation
- Fixed
- Portable
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Blink Charging
- Daimler Mercedes-Benz
- Eaton Corporation
- EB Charging
- Efacec Electric Mobility
- EVBox
- EVgo
- G2Mobility
- Pacific Gas and Electric
- Phihong Technology Co. Ltd.
- Renault ZOE
- RWE AG
- Schneider Electric
- Shell International BV
- Siemens AG
- Tesla Inc.
- Webasto Group
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global electric vehicle charging stations market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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