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The latest study released on the Global ev charging station market by market insights reports evaluates market size, trend, and forecast to 2029. The EV Charging Station market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors.
The Global EV Charging Station Market size grew from $5.24 billion in 2022 to $6.96 billion in 2023 at a compound annual growth rate (CAGR) of 32.4%.
The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term.
Key Players in This Report Include: Webasto SE, BP Plc, ChargePoint Inc., ABB Ltd., Schneider Electric SE, Tesla Inc., EFACEC Power Solutions SGPS SA, Siemens AG, ENGIE SA, Royal Dutch Shell Plc
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Recent Developments:
In November 2022, Shell Deutschland GmbH, a wholly-owned subsidiary of Shell, completed the acquisition of SBRS GmbH, a wholly-owned subsidiary of Schaltbau Holding AG, a leading provider of charging infrastructure solutions for commercial electric vehicles. The acquisition adds significant experience in electric bus charging as well as a significant pipeline in electric truck charging to Shell's portfolio of lower-carbon solutions for fleet solutions and commercial road transport customers.
July 2021: ChargePoint Holdings, Inc., a leading E) charging network in North America and Europe, announced it has entered into a definitive agreement to acquire has·to·be, an e-mobility provider with a leading European charging software platform.
On September 2021, ABB finally launched Terra 360, the world's fastest EV charging station with the capability to charge most EVs in less than a time duration of 15 minutes. It can also deliver 100 km range in less than 3 mins. ABB exclusively launched this for public charging stations, and it has the potential to charge up to 4 EVs simultaneously.
The Global EV Charging Station Market segments and Market Data Break Down are illuminated below:
EV Charging Station Market Segments by Type Analysis:
AC Electric Vehicle Charge
DC Electric Vehicle Charger
DC charging station led the global electric vehicle charging station market with largest revenue share in the year 2021. This is mainly attributed to fast charging capacity and attractive pricing of DC charging stations. The DC charging station directly charges the battery by converting the power before it enters the car's converter.
EV Charging Station Market Segments by Application Analysis:
Residential Charging
Public Charging
Based on the application , this market is segmented into commercial and residential.
The residential application segment accounts for a significant electric vehicle charging stations market share and is projected to dominate the forecast period. This is attributable to the growing sales of EVs, coupled with the increasing number of charging infrastructure.
The commercial segment will showcase significant growth backed by the rising government funding to develop public charging stations in the forthcoming years.
Objectives of the Report
-To carefully analyze and forecast the size of the EV Charging Station market by value and volume.
-To estimate the market shares of major segments of the EV Charging Station
-To showcase the development of the EV Charging Station market in different parts of the world.
-To analyze and study micro-markets in terms of their contributions to the EV Charging Station market, their prospects, and individual growth trends.
-To offer precise and useful details about factors affecting the growth of the EV Charging Station
-To provide a meticulous assessment of crucial business strategies used by leading companies operating in the EV Charging Station market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.
Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
– Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
– North America (United States, Mexico & Canada)
– South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
– Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
– Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
Browse Complete Summary and Table of Content:
Table of content:
Chapter 1: EV Charging Station Market Overview
Chapter 2: Global Economic Impact on Industry
Chapter 3: Global Market Competition by key players
Chapter 4: Global Production, Revenue (Value) by Region
Chapter 5: Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6: Global Production, Revenue (Value), Price Trend by Type
Chapter 7: Global Market Analysis by Application
Chapter 8: Manufacturing Cost Analysis
Chapter 9: Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10: Marketing Strategy Analysis, Distributors/Traders
Chapter 11: Market Effect Factors Analysis
Chapter 12: Global EV Charging Station Market Forecast
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Having our reviews and subscribing to our report will help you solve the subsequent issues:
– Uncertainty about the EV Charging Station market future: Our research and insights help our customers predict the upcoming revenue pockets and growth areas.
– Understanding market sentiments: It is very important to have a fair understanding of market sentiment for your strategy. Our insights will help you see every single eye on EV Charging Station market sentiment. We maintain this analysis by working with key opinion leaders on the value chain of each industry we track.
– Understanding the most reliable investment center: Our research evaluates investment centers in the market, taking into account future demand, profits, and returns. Clients can focus on the most prestigious investment centers through EV Charging Station market research.
– Evaluating potential business partners: Our research and insights help our clients in identifying compatible business partners.
We offer customization on report based on customer's specific requirement:
-Country-level analysis for the 5 countries of your choice.
-Competitive analysis of 5 key market players.
-40 free analyst hours to cover any other data point.
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