Global EV Charging Infrastructure Market to register significant growth by 2025

January 03, 2020


According to the research report titled ‘EV Charging Infrastructure Market Size By Current (AC {Level 1, Level 2}, DC), By Charging Site (Public, Private) Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Norway, Germany, France, Netherlands, UK, Austria, Belgium, Denmark, Finland, Ireland, Luxembourg, Sweden, Italy, Portugal, Spain, Poland, Slovakia, Russia, China, Japan, India, South Korea, Singapore, Vietnam, Australia, Thailand, Philippines, Malaysia, Indonesia, Saudi Arabia, UAE, Israel, South Africa, Jordan, Argentina, Chile), Price Trends, Growth Potential, Competitive Market Share & Forecast, 2019 – 2025’, available with Market Study Report LLC, the global EV charging infrastructure market is expected to grow substantially during 2019-2025.
 

According to the report, strict federal reforms pertaining to emission mitigation are leading to surging need for energy efficient and low carbon footprint electric transportation systems, which in turn is driving the EV charging infrastructure market growth. Rising awareness regarding environment conservation, in tandem with inflating energy prices are compelling the adoption of electric vehicles, thereby fueling the demand for EV charging stations across the globe.
 

Rapid industrialization, coupled with growing number of green vehicles are stimulating the industry outlook. Substantial investment in charging infrastructure development and advancements in EV charging technology, in consort with rising adoption of clean energy equipment are fueling the market growth.
 

As per current type, DC based EV charging infrastructure market is expected to register significant growth during the estimated timeframe. Rising R&D activities and burgeoning demand for fast and efficient charging systems is propelling the segmental growth. 
 

Based on charging site, the public charging stations segment was worth over USD 4 billion in 2018. Development of advanced machinery has led to effective and improved public charging stations. This factor, along with favorable federal reforms which promote the use of electric vehicles, in tandem with ongoing installation of battery swapping stations are propelling the growth of the segment.
 

Considering the geographical landscape, rising adoption of electric vehicles in Northwest Pacific and California are contributing towards the popularity of EV charging stations across North America. Numerous ESCOs programs for funding, designing, construction, and development of public infrastructure will further amplify North America EV charging infrastructure market.
 

Request sample copy of this Report@ https://www.marketstudyreport.com/request-a-sample/2270771/
 

Meanwhile, EV charging infrastructure industry in Netherlands is estimated to record deployment of 200 thousand units by the year 2025. Favorable tax exemption policies, strict government regulations for reducing carbon footprint, and rising adoption of monetary incentive programs are promoting the installation of EV charging stations in Netherlands.
 

Exxon Mobil, Greenway Infrastructure, Shell, Volkswagen, RWE, ChargePoint, ABB, Nissan Motor Co. Ltd., BMW Group, and E.ON are some of the prominent companies operating in EV charging infrastructure market.


Frequently Asked Questions (FAQ) :

According to the report, strict federal reforms pertaining to emission mitigation are leading to surging need for energy efficient and low carbon footprint electric transportation systems, which in turn is driving the EV charging infrastructure market growth. Rising awareness regarding environment conservation, in tandem with inflating energy prices compelling the adoption of electric vehicles, thereby fueling the demand for EV charging stations across the globe. Rapid industrialization, coupled with growing number of green vehicles are stimulating the industry outlook. Substantial investment in charging infrastructure development and advancements in EV charging technology, in consort with rising adoption of clean energy equipment are fueling the market growth.
DC based EV charging infrastructure market is expected to register significant growth during the estimated timeframe. Rising R&D activities and growing need for fast and efficient charging systems is propelling the segmental growth. These charging units are connected to grid for electric supply as well as have the ability to store energy.
EV charging infrastructure industry in Netherlands is estimated to record deployment of 200 thousand units by the year 2025. Favorable tax exemption policies, strict government regulations for reducing carbon footprint, and rising adoption of monetary incentive programs are promoting the installation of EV charging stations in Netherlands.
Exxon Mobil, Greenway Infrastructure, Shell, Volkswagen, RWE, ChargePoint, ABB, Nissan Motor Co. Ltd., BMW Group, and E.ON SE are some of the prominent companies operating in EV charging infrastructure market.