Electric Vehicle Charging Global Market to Reach $81.1 Billion by 2027 at a CAGR of 27.4%

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DUBLIN, Nov. 14, 2022 /PRNewswire/ — The “Electric Vehicle Charging: Infrastructure and Global Markets” report has been added to  ResearchAndMarkets.com’s providing.

Electric car charging infrastructure performs a important function in boosting the demand for electrical autos. The traits for plug-in electrical autos are on a important progress trajectory, together with battery electrical autos (BEVs) and plug-in hybrid electrical autos (PHEVs). Both BEVs and PHEVs might be charged externally, and so they have lengthy driving ranges; this has helped to scale back the vary anxiousness within the minds of potential clients who hesitated to go together with electrical autos at some level. Robust charging infrastructure will add extra confidence to consumers, as there might be no shortage of charging factors to serve the calls for of customers throughout the rising fleet of plug-in electrical autos. Governments plan to put money into

creating the charging infrastructure to assist the targets they’ve set for inducting clear autos into the whole vehicular fleet.

From a regulatory standpoint, automakers are compelled to produce a sure proportion of inexperienced autos to stability the carbon footprint from gross sales of standard autos. This proportion varies amongst international locations, relying on the governing committee adopting inexperienced options. Reduced costs for key parts inside hybrid autos additionally diminish the worth hole between standard and hybrid autos.

The worth hole turns into extra important with the rising battery driving vary, however developments in battery know-how and the continual decline in battery costs will scale back this worth hole and make the choice of hybrid and electrical autos extra enticing for typical consumers. The Asia-Pacific area, Europe and North America are the biggest electrical car charging infrastructure markets. Asia-Pacific and Europe are the fastest-growing electrical car areas, and these areas will drive the electrical car charging infrastructure market through the forecast interval.

This report covers the highest electrical car charging infrastructure producers, together with the unique tools producers (OEMs) with in-house manufacturing capabilities. Asia-Pacific-based suppliers are increasing due to elevated demand for his or her low-cost merchandise, regionally and internationally. Most of these corporations have shaped joint ventures with extra established international suppliers, comparable to ChargePoint Inc., Blink Charging Co. and Electrify America LLC. 

Market Dynamics

Key Market Drivers

  • Increase within the Global Demand for Electric Vehicles
  • Tax Incentives and Regulatory Assistance for Plug-In Hybrid Electric Vehicles
  • Government Funding and Incentives Expected to Assist Electric Vehicle Charging Infrastructure
  • Lowering the Cost of EV Batteries on the Global Market to Increase EV and EVc Demand.

Market Restraints

  • High Capital Cost for Electric Vehicles Compared to the Conventional Ice Vehicles
  • Inadequate Electric Vehicle Charging Infrastructure

Key Challenges

  • Stringent Guidelines for Installation of EV Charging Stations
  • Limited Battery Capacity in Electric Vehicles
  • Lithium Less Readily Available for Use in Electric Vehicle Batteries

Market Opportunities

  • Strict Emission Regulations Creating a Market for Electric Vehicle Sales
  • Government Efforts Relating to Electric Vehicles
  • Government Support for Public Transportation Electrification

Future Trends

  • Autonomous Charging
  • Three-Dimensional EV Printing
  • V2G EV Charging Stations
  • Wireless and Inductive Charging

Report Includes

  • 38 complete tables
  • An up-to-date overview of the worldwide market state of affairs for electrical car (EV) charging infrastructure
  • Analyses of the worldwide and regional market traits, with historic market income for 2021, estimates for 2022, and projections of compound annual progress charges (CAGRs) by 2027
  • Highlights of the present and upcoming market potential for the EV charging infrastructure, business progress drivers, and areas of focus to forecast this market into varied segments and sub-segments
  • Estimation of the precise market dimension and market forecast for electrical car charging infrastructure, and corresponding market share evaluation primarily based on EV sort, charger sort, set up/system, connector sort, and geographic area
  • Updated info on key market drivers and alternatives, business shifts and laws, and different demographic elements that can affect this market demand within the coming years (2022-2027)
  • Insight into the foremost know-how challenges, points and dangers, authorities laws, current developments, and COVID-19 influence on the worldwide EV charging market
  • Patent overview and new developments, R&D efforts, industrial adjustments with emphasis on current investments, and present state of the marketplace for electrical car charging infrastructure
  • Identification of the foremost stakeholders and evaluation of the aggressive panorama primarily based on current developments and segmental revenues

Key Topics Covered:

Chapter 1 Introduction

Chapter 2 Summary and Highlights

Chapter 3 Market Overview

Chapter 4 Market Dynamics

Chapter 5 Market Breakdown by Charging Type

Chapter 6 Market Breakdown by Installation Type

Chapter 7 Market Breakdown by Charging Infrastructure Type

Chapter 8 Market Breakdown by Charging Service

Chapter 9 Market Breakdown by Region

Chapter 10 Patent Analysis

Chapter 11 Competitive Landscape

Chapter 12 Company Profiles

Companies Mentioned

  • Abb Group
  • Beam Global
  • Blink Charging Co.
  • Bp Pulse
  • Chargepoint Inc.
  • Clippercreek Inc. (Subsidiary of Enphase Energy)
  • Eaton
  • Electrify America LLC
  • Engie S.A.
  • Fortum
  • Leviton
  • Robert Bosch GmbH
  • Schneider Electric Se
  • Semaconnect
  • Shell plc
  • Siemens AG
  • Tesla Motors
  • Webasto Group

For extra details about this report go to https://www.researchandmarkets.com/r/m9if06

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]   

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SOURCE Research and Markets



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