Global Electric Vehicle Charging Stations Market, By Charger Type (Slow, Fast), By Connector Protocol (CCS, CHAdeMO, Others), By Charging Method (AC Charging, DC Charging), By Application (Commercial, Residential), Estimation & Forecast 2027 , Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Electric Vehicle Charging Stations market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Electric Vehicle Charging Stations market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region
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Market Introduction
The global electric vehicle charging stations market held a market volume of about 905 thousand units in 2020 and is projected to reach nearly 2798 thousand units by the year 2027 at a CAGR of 17.5% from 2017 to 2027. The market was valued at USD 26,091.2 million in 2020.
Electric vehicle charging stations are used for charging the batteries of electric cars, buses, and other such vehicles. The market is expected to grow owing to the rising concerns related to carbon emissions, rising trend of electric vehicle adoption, and government regulations and tax exemptions. However, the high costs associated with setting up the EV infrastructure, electricity costs uncertainty & requirement of space, and emergence of hydrogen cell vehicles are likely to negatively hamper the market growth.
During the COVID-19 pandemic, complete lockdowns were imposed which created a barrier in setting up of the electric vehicle charging stations, which negatively impacted the market growth.
Growth Influencers:
Government regulations and tax exemptions
As the market for electric vehicles is expected to grow with time, the setting up of charging stations for these vehicles is also estimated to increase. This is further supported by the recognition received by governments of various countries for adoption of electric vehicles as they reduce pollution levels. Governments of countries such as the U.S. and China have taken various initiatives to build charging stations across their countries. They have promoted the growth in this segment by imposing tax rebates, offering incentives and preferential policies, among others. Hence, government regulations and tax exemptions are anticipated to boost the market growth.
Increasing trend of electric vehicle adoption
With the increasing adoption of electric vehicles, the demand for its charging stations is also rising tremendously. According to the International Energy Agency, the sale of electric cars reached 2.1 million globally in 2019, a 40% year-on-year increase since 2018. Such rapid adoption of electric vehicles is also likely to boost the market growth during the forecast period.
Segments Overview
The global electric vehicle charging stations market is segmented based on charger type, connector protocol, charging method, and application.
By Charger Type,
• Slow Charger (≤ 22 kW)
• Fast Charger (> 22 kW)
The slow charger segment held the largest volume share and is expected to surpass 1,395 units by 2025. This is owing to various government initiatives for accelerating deployment of charging infrastructure.
By Connector Protocol,
• CHAdeMO
• Combined Charging System (CCS)
• Others
The combined charging system segment held the largest market share of about 54% owing to its high preference by automobile manufacturers. The CHAdeMO segment is expected to grow at the fastest rate and generate a revenue of USD 26,172.6 million by 2025.
By Charging Method,
• AC Charging
• DC Charging
The DC Charging segment witnessed the fastest rate owing to its high preference over the AC charging method.
By Application,
• Commercial
o Hospitality
o Retail
o Office Spaces
o Fleet Stations
o Public transport
o Private transport
o Other Public Spaces
• Residential
o Single unit house
o Multi dwelling units (Apartment Buildings)
The residential segment held the largest share of about 65% in terms of volume owing to the high demand of charging stations in residential building. Within the commercial segment, the hospitality segment witnessed a CAGR of 32% and the office spaces segment is expected to cross a value of 59 thousand units by 2023.
Regional Overview
By region, the global electric vehicle charging stations market is divided into Asia Pacific, Europe, North America, Middle East & Africa, and South America.
The Asia Pacific region held the largest volume of 629.4 thousand units in 2020, owing to the increasing demand for cheaper electric vehicles for routine use and the large scale charging network in China. Also, government support in this region is also expected to boost the market growth.
The South America region is anticipated to be the fastest growing segment witnessing a CAGR of 33.8% owing to high demand for electric vehicles in Brazil and Argentina, among others. The North America and Europe region are also expected to witness significant growth rates during the forecast period.
Competitive Landscape
Major players in the global Electric vehicle charging stations market include ABB Ltd., AeroVironment Inc., BYD Auto, Chargemaster PLC, ChargePoint, Inc., Eaton Corporation plc, Leviton Manufacturing Co., Inc., Schneider Electric SE, SemaConnect, Inc., Siemens AG, and Tesla Motors, Inc., and Other Prominent Players.
The cumulative market share of the four major players is near about 40%. These market players are engaged in partnerships, new product launches, mergers & acquisitions to strengthen their market presence. For instance, in August 2021, ChargePoint Holdings acquired ViriCiti, a company dealing in electrification solutions for commercial fleets and eBus. The acquisition was valued at USD 88.46 million.
The global Electric vehicle charging stations market report provides insights on the below pointers:
• Market Penetration: Provides comprehensive information on the market offered by the prominent players
• Market Development: The report offers detailed information about lucrative emerging markets and analyzes penetration across mature segments of the markets
• Market Diversification: Provides in-depth information about untapped geographies, recent developments, and investments
• Competitive Landscape Assessment: Mergers & acquisitions, certifications, product launches in the global Electric vehicle charging stations market have been provided in this research report. In addition, the report also emphasizes the SWOT analysis of the leading players.
• Product Development & Innovation: The report provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
• The report also includes price margin analysis (labor, material, permit, tax), adoption analysis of green technologies, and adoption analysis of public vs private transport
• COVID-19 impact assessment on the market growth trend is also provided in the report
The global Electric vehicle charging stations market report answers questions such as:
• What is the market size and forecast of the Global Electric vehicle charging stations Market?
• What are the inhibiting factors and impact of COVID-19 on the Global Electric vehicle charging stations Market during the assessment period?
• Which are the products/segments/applications/areas to invest in over the assessment period in the Global Electric vehicle charging stations Market?
• What is the competitive strategic window for opportunities in the Global Electric vehicle charging stations Market?
• What are the technology trends and regulatory frameworks in the Global Electric vehicle charging stations Market?
• What is the market share of the leading players in the Global Electric vehicle charging stations Market?
• What modes and strategic moves are considered favorable for entering the Global Electric vehicle charging stations Market?
What is market research report?
Market research is a defined process to collect information about customers, competitors, and everything that a business needs to understand to sustain and grow. It offers important analysis to distinguish and examine the market needs, size, and trends. Market research is generally divided into, primary research and/or secondary research. The process usually includes collection and interpretation of market data by using statistical and analytical techniques to support the decision making process. The report helps in identifying and tracking emerging players in the market and their portfolios, enhances decision making capabilities and helps to create effective counter strategies to gain competitive advantage. Market research reports provide in-depth analysis about the market conditions and requirements for effective decision making.
The report provides a snapshot of the global market size, segmentation data, marketing growth strategies, market share, export and import information, analysis and forecast of market trends, competition, domestic production, best sales prospects, statistical data, tariffs, regulations, distribution and business practices, end-user analysis, contact points and more. These research reports include information about competitive strategies, solutions, fact-based research, key takeaways, recommendations, market considerations, emerging business models and market opportunities for multiple segments of an industry. Market research reports assist in solving business problems and making better decisions to improve business as per the prevalent market trends.
Browse market information, tables and figures extent in-depth TOC, The latest independent research document on various market development activities and business strategies such as new product/services development, Joint Ventures, partnerships, mergers and acquisitions, etc. In order to provide a more informed view, a market company profiles include Business Overview, Product / Service Offerings, SWOT Analysis, Segment & Total Revenue, Gross Margin and % Market Share. This report explores market definitions, overview, classification, segmentation, inclusive of market type and applications followed by product specifications, manufacturing initiatives, pricing structures, raw material sourcing and supply chain analysis.
About Data Collection and Research Methodology: Majorly data is collected via primary sources that includes interviews and survey with industry experts from core and related industries, and manufacturers and part suppliers involved in supply chain. Additionally, secondary sources are also utilized like annual reports, whitepapers, press releases etc.
Under COVID-19 Outbreak Impact Analysis:
We analyzed industry trends in the context of COVID-19. We analyzed the impact of COVID-19 on the product industry chain based on the upstream and downstream markets. We analyze the impact of COVID-19 on various regions and major countries.
The impact of COVID-19 on the future development of the industry is pointed out.
Study Explore :
- Market Behavior/ Level of Risk and Opportunity
- End Industry Behavior/ Opportunity Assessment
- Expected Industry Recovery Timeline
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Geographical Breakdown: The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery path of Covid 19 for all regions, key developed countries and major emerging markets.
Countries: Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam
In-Depth Qualitative COVID 19 Outbreak Impact Analysis Include Identification And Investigation Of The Following Aspects: Market Structure, Growth Drivers, Restraints and Challenges, Emerging Product Trends & Market Opportunities, Porter’s Fiver Forces. The report also inspects the financial standing of the leading companies, which includes gross profit, revenue generation, sales volume, sales revenue, manufacturing cost, individual growth rate, and other financial ratios. The report basically gives information about the Market trends, growth factors, limitations, opportunities, challenges, future forecasts, and details about all the key market players.
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Key questions answered: Study Explore COVID 19 Outbreak Impact Analysis
The study objectives of this report are:
- To study and analyze the global market size (value & volume) by company, key regions/countries, products and application, history data, and forecast.
- To understand the structure of market by identifying its various subsegments.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- Focuses on the key global manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
- To analyze the growth trends, future prospects, and their contribution to the total market.
- To project the value and volume of submarkets, with respect to key regions (along with their respective key countries).
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
- To strategically profile the key players and comprehensively analyze their growth strategies.
The Study Explore COVID 19 Outbreak Impact Analysis
- What should be entry strategies, countermeasures to economic impact, and marketing channels?
- What are market dynamics?
- What are challenges and opportunities?
- What is economic impact on market?
- What is current market status? What’s market competition in this industry, both company, and country wise? What’s market analysis by taking applications and types in consideration?
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Key Points Covered in Electric Vehicle Charging Stations Market Report:
Chapter 1, About Executive Summary to describe Definition, Specifications and Classification of Electric Vehicle Charging Stations market, Applications, Market Segment by Regions North America, Europe or Asia;
Chapter 2, objective of the study.
Chapter 3, to display Research methodology and techniques.
Chapter 4 and 5, to show the Overall Market Analysis, segmentation analysis, characteristics;
Chapter 6 and 7, to show the Market size, share and forecast; Five forces analysis (bargaining Power of buyers/suppliers), Threats to new entrants and market condition;
Chapter 8 and 9, to show analysis by regional segmentation, comparison, leading countries and opportunities; Regional Marketing Type Analysis, Supply Chain Analysis
Chapter 10, focus on identifying the key industry influencer’s, overview of decision framework accumulated through Industry experts and strategic decision makers;
Chapter 11 and 12, Market Trend Analysis, Drivers, Challenges by consumer behavior, Marketing Channels and demand & supply.
Chapter 13 and 14, describe about the vendor landscape (classification and Market Positioning)
Chapter 15, deals with Electric Vehicle Charging Stations Market sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source.
……..and view more in complete table of Contents
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