- 24 March 2020 21:53
Electric Vehicle Charging Infrastructure Market Technology, Future Trends, Market Opportunities 2030 & Key Players Royal Dutch Shell Plc, Webasto Charging Systems Inc., Siemens
Electric Vehicle Charging Infrastructure Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030. According to the report, the global electric vehicle charging infrastructure market accounted for over US$ 10.0 billion in 2019. The market is anticipated to grow at a CAGR of ~32.8% from 2019 to 2030.
Major Players Include:
Some of the prominent players in the global electric vehicle charging infrastructure market include ChargePoint, Inc, ABB, BP p.l.c., Royal Dutch Shell Plc, Webasto Charging Systems Inc., Siemens, and EVgo Services LLC, among others.
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The increasing adoption of electric vehicles across the globe demands electric vehicle charging infrastructure. As a result, various companies and several regional governments have been investing heavily in the construction of electric vehicle charging infrastructure. For instance, in January 2020, state-owned Energy Efficiency Services and New Delhi-based Bharat Heavy Electricals have decided to construct public electric vehicle charging stations across India. Also, the Indian Ministry of Heavy Industries and Public Enterprises has permitted to build approximately 2,636 electric vehicle charging stations in 62 cities.
Segmentation Based On:
By Charging Level: Level 1, Level 2, and Level 3
Connector: CCS and CHAdeMO
Application: Private and Public
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Asia Pacific is expected to grow with the highest CAGR during the forecast period followed by Europe and North America. The growth of this region can be attributed to government initiatives to promote clean energy and a huge customer base. Moreover, the growing demand for electric vehicles in this region is further supplementing the electric vehicle charging infrastructure market.