Exploring Electric Vehicle Charging Infrastructure Market Opportunity, Latest Trends, Demand, and Development By 2030

As per current published report by Markntel Advisors the Electric Vehicle Charging Infrastructure Market is estimated to grow at a CAGR of around 18.12 % during the forecast period, i.e., 2024-30. A detailed discussion of industry behavior is presented. It will assist companies and other stakeholders in making decisions that assure strong earnings in the upcoming years, and also describes the future trend. In order to assist readers in making defensible choices on market projects, this research will offer a useful summary of the market and its dynamic environment. The growth prospects that will enable the market to extend its operations in current markets will be the main focus of this analysis.

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Global Electric Vehicle Charging Infrastructure Market Driver:

Increasing Sales of Electric Vehicles to Support Market Growth – Countries like China, The US, and Germany are recording an increase in the sales of EVs. Based on the study conducted by the IEA, the sales of electric vehicles reached almost 14 million units in 2023 and the European countries, the US, and China accounted for almost 95% of the total EV sales. This burgeoning demand for electric automobiles is resulting in a higher demand for the proper charging infrastructure. As a result, companies are increasingly building EV charging stations in these regions.

Additionally, consumers in several regions are refraining from opting the EVs due to their limited range of issues. According to an online report by the leading car company, almost 40% of consumers worldwide experience range anxiety. Therefore, to eradicate these issues and boost electric vehicle sales, companies are increasingly building the largest EV stations, amplifying the Electric Vehicle Charging market.

Furthermore, as advanced technology is penetrating and propelling EV sales, technologically advanced charging infrastructures are also gaining traction. EV charging companies are integrating emerging technologies to provide consumers with options to discover local charging stations and receive real-time information on vacant slots. This convenience of schedule provided by the advanced EV charging stations would scale up the EV charging industry and drive the Global EV Charging Infrastructure Market.

The Electric Vehicle Charging Infrastructure Market has segmented the market into the following categories:

By Charger Type

(Wall Mounted, Pedestal Mounted, Roof Mounted),

By Vehicle Type

(Passenger Cars, Light Commercial Vehicles, Medium & Heavy Commercial Vehicles),

By Location

(Residential, Commercial),

By Power Output

(Upto 50kW, 50.1kW-300kW, Above 300kW)

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By Region

– North America

– South America

– Europe

– The Middle East & Africa

– Asia-Pacific

Competitive Environment Featuring Key Players:

ABB, Tesla, Eaton, Pod Point, General Electric, Schneider Electric, BYD, Siemens, Evgo, and EVBOX

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-Market segmentation based on both economic and non-economic characteristics, analyzed both qualitatively and quantitatively

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-A geographical analysis that shows how the product or service is used in each area and what factors are influencing the market in that particular area

-Comprehensive company profiles for the main market players that include a company overview, company insights, product benchmarking, and SWOT analysis

-The present and projected market outlook in light of recent changes, which include growth prospects and drivers as well as obstacles and constraints in both developed and emerging regions

-Using Porter’s Five Forces approach, provides a thorough examination of the market from a variety of angles.

-Uses the value chain to offer market intelligence.

-The state of the market dynamics and potential for future market expansion

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