Bharat Book Bureau Provides the Trending Market Research Report on “Global Electric Vehicle Charging Station Market Outlook, 2027” under Automotive Market Research Report Category. The report offers a collection of superior Market research, Market analysis, competitive intelligence and Market reports.
An electric vehicle charging station also known as electric vehicle supply equipment (EVSE) is equipment that connects an electric vehicle (EV) to a source of electricity to recharge electric cars. Electric Vehicle Charging Station Market is growing as rapidly alongside the electric vehicle market. By application type charging station is divided into two parts i.e. public and private charging stations. Charging stations at private places and public destinations may help bolster market acceptance.
Charging equipment for plug-in electric vehicle is classified by the rate at which the batteries are charged. Charging times vary based on how depleted the charging station is, charging station types, how much energy charging station holds, and the type of charging equipments. According to the report title “Global Electric Vehicle Charging Station Market Outlook, 2027” publish by our research, charging station market is expected to grow at CAGR of more than 30% in value market size by the end of forecast period. By charger type market is segregated into two main type i.e. slow chargers and fast chargers. Slow charger is leading with more than 88% of value market share. Correspondingly, fast charger is the fastest growing segment in value market share and expected to capture higher market share in forecast period.
There are mainly three levels of electric vehicle charging i.e. Level 1, Level 2, and Level 3 charging. Level 1 and Level 2 charging is generally alternating current (AC) charging which are also known as slow chargers. Level 3 charging is broken into Direct Current Fast Charging (DCFC) and various others fast charging such as Tesla Supercharging, Terra 360 and CHAdeMO charging. Higher the level of charging, faster the charging process, as more power is delivered to the vehicle. According to the report, Level 1 charging segment is leading with more than 71% of volume market share. Follow by Level 2 charging and then Level 3 charging. By application type of charging market is segregated into public and private charging.
Public charging infrastructure is vital to supporting existing electric vehicles while encouraging future adoption. Public charging infrastructure has continued apace over the past year on the back of significant investment from the governments and various private sectors. Adoption of charging station in private places is rapidly increasing as growth in sales of electric vehicle. According to the report, private segment having the market share of more than 65% volume market share correspondent to public segment having lowest market share, however, public segment is likely to capture higher market share in forecast period.
There are various factors responsible for year on year growth of electric vehicle charging market globally, such as increasing in sales of electric vehicle, environment awareness among people and various government incentives towards clean energy. By region Asia-Pacific is leading the market with highest installation of charging station globally. The reason behind this is adaptation of electric vehicle in china. By volume share, Asia-pacific is leading with more than 45% market share, follow by Europe. By country, china is leading with more than 50% of value and volume market share.
The electric vehicle (EV) segment is still taking tentative steps towards mainstream proliferation in the global context. The electric vehicle and charging station industry had faced many challenges in pandemic situation globally. Sales of electric vehicle significantly affected in COVID-19 situation along with the wider automotive industry. The lockdown has shown immediate impacts on the supporting industry of EV charging services, and the related supply chain for charging station deployment. However, governments across the globe think of ways to reemerge from this pandemic with an economy that is stronger and more resilient than it was before, EVs and charging station continue to get a significant amount of attention.
Major Companies present in the market:
ChargePoint Holdings, Inc., Shell, Tesla Inc., BP, ABB, RWE, Siemens, Efacec, BLINK CHARGING co. , Eaton Corporation plc, SCHNEIDER ELECTRIC, WEBASTO GROUP, Leviton Manufacturing Co. Inc., Phihong USA Corp., EV Safe Charge Inc., Tata Power.
Considered in this report
• Geography: Global
• Base year: 2021
• Estimated year: 2022
• Forecast year: 2027
Aspects covered in this report
• Global Electric Vehicle Charging Station market with its value and forecast along with its segments
• Region-wise electric vehicle charging station market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation
Regions covered in the report
• North America
Types of charger in the report
• Slow/ Moderate
Type of charging levels:
• Level 1 (AC charging)
• Level 2 (AC charging)
• Level 3 (DCFC)
By Application type:
The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analysing the government generated reports and databases.
After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to electric vehicle charging station industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.
This report would help you answer the following questions:
1. At what rate the global electric vehicle charging station market will grow in forecast period?
2. What are the types of electric vehicle chargers?
3. What are the different types of electric vehicle charging levels?
4. Which electric vehicle charger type is leading the market?
5. What is the impact of COVID-19 on the global electric vehicle charging station Market?
6. What are the different types of charging station by applications?
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