Electric vehicles (EVs) are slowly gaining traction because of increasing greenhouse emission and strict pollution control standards enforced by environmental agencies. The boost in the adoption of EVs has created a favorable growth landscape for the electric vehicle charging stations (EVCS) market as well. The growing popularity and acceptance of EVs has resulted in increased installation of electric vehicle charging stations in the recent past. The global electric vehicle charging stations market is expected to be valued at USD +31 billion by 2023, growing at a CAGR of +41% between 2018 and 2023. Moreover, the increasing fuel price has been urging people to opt for better and energy efficient alternatives. Oil price will increase over the forecast period which will accelerate the market demand for electric vehicles and electric vehicle charging stations. These factors are constantly accelerating the growth of the electric vehicle (EV) charging station market.
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Tesla is engaged in designing and developing electric cars and DC fast charging stations for its customers. Tesla is recognized to revolutionize the electro mobility ecosystem by manufacturing all electric production cars. The company's cutting-edge battery technology and electric powertrain, coupled with a rapidly growing fast charging network, has contributed in becoming one of the leading players in the electric vehicle charging stations market.
Asia Pacific is likely to witness fastest growth during the forecast period, 2019-2027. The demand of electric vehicle (EV) charging station in the region will increase at a significant CAGR during the forecast period due to expansion of the electric vehicle industry in the region.
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Global Electric Vehicle (EV) Charging Station Market is dominated by a number of players, amongst them the major players are Schneider Electric SE, Eaton Corporation PLC, Engie SA, ABB Group and General Electric Company. Those companies in the industry are following different type of strategies to strengthen their own market position. The manufacturing players are expected to invest more on the R&D of new product development. Thus, manufacturing companies are likely to cooperate with consumers located in the electric vehicle industry in order to seek new product innovations.
Don't miss the opportunity to strengthen your foothold in global Electric Vehicle (EV) Charging Station Market. Consult to our experienced analyst and gain crucial insights and facilitate your business growth.
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The in-depth analysis of the report provides insights into growth potential, upcoming trends and statistics of Global Electric Vehicle (EV) Charging Station Market size and forecast. The report promises to provide state-of-the-art technology of EV charging station and industry insights which helps decision makers to make sound and strategic choices. Furthermore, the report also analyzes market drivers, challenges and competitive analysis of the market.
By Product Type:
By AC EV Charging Station
By DC EV Charging Station
- AC EV Charging Station
- DC EV Charging Station
By Installation Type
By Supplier Type
- Combined charging station
- Private Charging Station
- OE Charging Station
- North America
- Asia Pacific
- Middle East
- Latin America
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