Electric Vehicle Charging Station Market to Surpass US$3 Bn by 2026 - Government Stringent Regulation Likely to Upsurge Growth; States TMR

Electric Vehicle Charging Station Market to Surpass US$3 Bn by 2026 - Government Stringent Regulation Likely to Upsurge Growth; States TMR

PR Newswire

ALBANY, New York, January 24, 2019

ALBANY, New York, January 24, 2019 /PRNewswire/ --

Transparency Market Research has released a new market report titled "electric vehicle charging station market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018-2026." According to the report, the global electric vehicle charging station market is anticipated to expand at a CAGR of about 10% during the forecast period and estimated to touch US$ 3 Bn by 2026.

     (Logo: https://mma.prnewswire.com/media/664869/Transparency_Market_Research_Logo.jpg )

An electric vehicle charging station, also called Electric Vehicle Supply Equipment (EVSE), is a device that connects the electric vehicle to a source of electricity in order to recharge the electric vehicle's battery. Charging stations include wired and wireless charging, depending on the vehicle type. The EVSE can be installed at home, at municipality-operated charging stations, at private charging stations, at malls, and beside roads. Continuous research and development have resulted in the development of chargers that can charge vehicles at a rapid pace.

Get PDF Brochure for Research Insights at: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=48960

Based on charging speed, chargers have been classified into various levels. Level 1 chargers are basic chargers, which have very slower speed of charging. DC chargers or level 3 chargers are widely being utilized owing to their rapid charging ability; however, these chargers are not compatible with all types of electric vehicles. Few electric vehicle manufacturers, such as Tesla, have developed superfast chargers that are capable of expressively rapid charging. Increase in the number of electric vehicles is fueling the demand for publicly available fast chargers, which in turn is expected to offer lucrative opportunities for manufacturers of fast chargers.

Advancement in Technology Likely to Offer Promising Growth Opportunity 

On the basis of technology, the global market for electric vehicle charging station is likely to dominate on account of level 2 charger that provide charging capacities of 120 to 240 Volts. This charger is better and more cost effective than the other charger such as charging level 3 charger and also more efficient than the level 1 charger are some of the factor boosting its growth across the globe. Geographically, Asia Pacific likely to dominate the global market for electric vehicle charging station on account rising concern about the environmental pollution and favorable government policy to boost the growth of this market in near future.

Request a Sample of Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=48960

Tax Exception by the Government Likely to Boost Sale 

The demand for electric vehicle charging station increases due to rise in sale of the electric vehicles across the globe. Furthermore, increasing government regulation and policy and environmental awareness about the growing population are some of the key factors likely to influence positive growth of the global electric vehicle charging station. The government has promoted several policies such as tax exception to boost the growth of the electric charge vehicle, this can be another factor propelling the overall growth of this market. Moreover, the government are also lowering the overall production cost of the highly advanced electric vehicle at favorable price which is one of the important factor positively triggering the growth of the global electric vehicle charging station market.

On the other hand, high cost involves with the production of the electric vehicle and high speculation associated with the manufacturer to develop charging are some of the factor negatively impacting the growth of this market in coming years. As the market keeps on reeling under these speculations and the electric vehicle market is missing out in the developing countries, this can be another restraining factor affecting the growth of the overall global electric vehicle charging station market.

Request For Discount On This Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=48960

In terms of region, Asia Pacific dominates the global electric vehicle charging station market. Asia Pacific accounted for around 84 % share of the market. This high share held by the region is due to the expansion of the electric vehicle industry in the region, especially in China, Japan, and South Korea. China held a prominent share of the market in Asia Pacific and is projected to remain dominant during the forecast period. Rising sales of electric vehicles in the region and surging electric vehicle network in China are major factors that are anticipated to propel the electric vehicle charging station market during the forecast period. Furthermore, the government of China has formulated several policies toward the development of charging bases and electric vehicle fleet.

Prominent players operating the global electric vehicle charging station market include ABB, EVgo Services LLC., ChargePoint, Inc., Blink Charging Co., Allego, Scheinder Electric, Toshiba Corporation, Wi Tricity Corporation, Mojo Mobility, Inc., AeroViroment, Inc., Robert Bosch GmbH, GENERAL ELECTRIC, Evatran Group, Chargemaster plc., Siemens AG, Hella KGaA Hueck & Co., Leviton Manufacturing Co., Inc., Efacec, Alfen N.V., Elix Wireless, Engie, Denso Corporation, ClipperCreek, Tesla, Infineon Technologies AG, and Qualcomm Technologies, Inc.

Browse Research Release at: https://www.transparencymarketresearch.com/pressrelease/electric-vehicle-charging-station-market-2018-2026.htm

The global Electric Vehicle Charging Station Market can be segmented as follows: 

Browse More Automotive & Transport Market Research Reports

Popular Research Reports by TMR: 

About Us 

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

Contact

Mr. Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com

Website: https://www.transparencymarketresearch.com
Research Blog: https://transparencyjournal.com/


Voltar noticias em Inglês