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Electric Vehicle Charging Stations Market Comprehensive Research Study 2025: ENGIE, Siemens, Efacec, EVgo, Leviton, Alfen, Allego, Blink Charging, SemaConnect, TGOOD Global, ABB, AeroVironment, ChargePoint, Schneider Electric

Global Electric Vehicle Charging Stations Market– Industry Trends and Forecast to 2025

The Global Electric Vehicle Charging Stations Market is expected to reach USD 49.74 billion by 2025, from USD 3.22 billion in 2017 growing at a CAGR of 40.80% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

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Major Market Competitors/Players:

  • Engie
  • Siemens
  • Efacec
  • EVGO
  • Leviton
  • Alfen
  • Allego
  • Blink Charging
  • Semaconnect
  • Tgood
  • ABB Group
  • AeroVironment, Inc.
  • Elektromotive Limited
  • ChargePoint, Inc.
  • Schneider Electric SE
  • Chargemaster Plc
  • Eaton Corporation
  • Siemens AG
  • SemaConnect, Inc.
  • ClipperCreek, Inc.
  • Tesla Motors, Inc.
  • Delphi Automotive LLP
  • General Electric
  • Leviton Manufacturing Co., Inc.
  • Among others

The global electric vehicle charging stations market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of electric vehicle charging stations market for global, Europe, North America, Asia Pacific and South America.

Report Definition:

Electric vehicles (EVs) use electric motors powered by electrical energy stored in a battery for propulsion. Various models of these types of vehicles are available in the market with variable choices and competences. To recharge their battery, they are plugged in to a source of electrical power. The trends related to the EV technology are evolving. There are number of fundamental EV design ideas that actually precede gasoline internal ignition engines.

To charge the electric vehicles they are connected to an electric vehicle charging equipment which are also called as electric vehicle supply equipment (EVSE). These are the defensive system which connects with the vehicle and screens electrical activity to ensure safe charging.  There are two types of charging stations; AC charging station and DC charging station which can be installed both residentially as well as commercially according to the necessities.

Automotive industry standards classify the charging stations into three levels based on charging power and methods that are AC Level 1, AC Level 2, and DC Fast Charge.

According to the news published by The Economics Times, in April 2016, for setting up charging stations for electric vehicles, the people would not need to have a separate licence under the Electricity Act of 2003, the government of India has said they would give a big boost to ambitious EV plans.

 Market Drivers and Restraints:

  • Government funding, subsidies and incentives expected to drive the EV and EV charging stations market
  • Growing demand for electric vehicles increases the adoption of EV charging stations
  • Growing concern toward environmental pollution
  • Heavy investment from automakers in EVs
  • High price and small distance covered by EVs
  • Lack of standardization

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Report Segmentation:

Based on vehicle type:

  • Battery Electric Vehicle (BEV)
  • Plug-In Hybrid Electric Vehicle (PHEV)

On the basis of charging station:

  • AC Charging Station
  • DC Charging Station

On the basis of installation type:

  • Residential
  • Commercial

Based on geography:

  • North America
  • South America
  • Europe
  • Asia-Pacific
  • Middle East & Africa

Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and Brazil among others.

Research Methodology:

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.

Demand Side Primary Contributors: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.

Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among others.

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About Data Bridge Market Research:

Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.

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