Electric Vehicle Charging Stations Market by Charging Type (AC Charging Station and DC Charging Station), Charging Level (Level 1, Level 2, and Level 3), End User (Residential and Commercial) - Global Analysis & Forecast 2019-2030
Report ID : 267 | Published Date : Jun 2020 | Pages : 160 | Region : Global | Report Code : ICT-24
Electric Vehicle Charging Station Market Introduction & Overview
Electric vehicle charging station is an element of the infrastructure that supplies electric energy for recharging plug-in electric vehicles such as electric cars, neighborhood electric vehicles, and plug-in hybrid electric vehicles among others. Electric vehicle charging stations provides a wide range of special connectors that conform to various standards. Moreover, EV charging can be performed at home or at work. Few electric vehicles have converters on board which can be plugged into a standard electrical outlet or a high-capacity appliance outlet.
The electric vehicle charging station market is driven by increasing demand for electric vehicles and the growing concern of various governments across the globe for a cleaner environment. Moreover, rising adoption of electric vehicles plays a critical role in contributing to the increasing need for proper infrastructure for charging, to meet consumers’ demand. Significant advancements in both home and outdoor charging have been pivotal in contributing to the extensive growth of the global electric vehicle charging station market. However, the high initial costs involved, overhauls, and maintenance are likely to restrain the market to a certain extent.
The global mining automation market has primarily been segmented into the following categories, viz. By charging type, charging level, and end user.
Electric Vehicle Charging Station Market by Charging Type
Based on charging type, the electric vehicle charging station market can be segmented into AC charging stations and DC charging stations. The AC charging stations segment is estimated to account for the largest share in the global electric vehicle charging station market.
Electric Vehicle Charging Station Market by Charging Level
Based on charging level, the electric vehicle charging station market can be segmented into level 1, level 2, and level 3.
Electric Vehicle Charging Station Market by End User
Finally, based on end-user, the electric vehicle charging station market can be segmented into residential and commercial. The commercial segment which includes chargers at non-residential places, is estimated to account for the largest market share in the global electric vehicle charging station market. The growth of this segment can be attributed to as initiatives and allocation of funding by governments and automobile manufactures for expanding the public electric vehicle charging station infrastructure.
Electric Vehicle Charging Station Market by Region
The global electric vehicle charging station market can be segmented into North America, Europe, Asia Pacific, and the Rest of the World (ROW). North America dominated the electric vehicle charging station market, followed by Europe and Asia Pacific. North America will continue to dominate the global electric vehicle charging station market during the forecast period owing to factors such as rising number of initiatives to reduce the carbon emission and development of advanced & fast charging stations among others. On the other hand, Asia Pacific is expected to witness the highest CAGR in EV charging station market. Factors such as increasing concerns about carbon emission due to existing petrol/diesel vehicles coupled with efficiency provided by electric vehicles have led authorities to promote the development of charging infrastructure network in the region, are expected to further boost growth of the market.
Electric Vehicle Charging Station Market Prominent Players
Some of the prominent players in the global electric vehicle charging station market include ABB Ltd., Robert Bosch GmbH, Siemens AG, Pod Point., BP Chargemaster, CHROMA ATE INC., and Shell, among others.