Global Electric Vehicle Charging Station Market Estimated to Display Tremendous Growth at a CAGR of 30.8% by 2025

Published on : May 23, 2017

Albany, New York, May 23, 2017: In the last few years, the demand for electric vehicle charging stations has accelerated in response to the increased sales of electric vehicles (EV). Due to this, the market has gained significant growth and also projected to grow in the coming years also. To explore the market trends and the factor behind this growth, a study titled “Electric Vehicle Charging Station Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017-2025” has been prepared and recently added to the online repository of Market Research Hub’s research offerings. The report provides a comprehensive analysis of the current market scenario as well as the future outlook of the global market throughout the above-mentioned forecast period in terms of revenue and volume (in US$ Mn), across different geographies, including Asia Pacific, South America, North America, Europe, and Middle East & Africa (MEA).

As per the research key findings, the global electric vehicle charging station market is estimated to showcase an exponential CAGR of 30.8% between 2017 and 2025. Also, the market’s valuation is estimated to reach US$37.48 billion by the end of 2025. With the growing concern of public and government towards environmental pollution, the electric vehicle sales have surged in the recent past. The features such as low maintenance and operation cost are further engaging more number of consumers for electric vehicles.

In the first part, this report provides all the essential information required to understand the electric vehicle charging station and its components. An electric vehicle charging station is a component or an infrastructure which supplies electric energy to the electric vehicles for recharging of batteries at home or at public spaces. Besides the growing awareness about benefits these vehicles provide, the market is gaining from favorable government policies. For instance, governments have introduced various subsidies to promote the sales of electric vehicles.

Moving further, the report segments the global electric vehicle charging station market based on technology into level 1, level 2, and level 3. On the basis of end-user application, the market is segregated into public space, government, municipalities (parks and street), healthcare, commercial office space, residential, retail, hospitality, education, logistics and transportation (fleet services), and others.

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Moreover, the market overview section of the report demonstrates the market dynamics and trends, such as the drivers, restraints, and opportunities that influence the current and future status of this market. Market attractiveness analysis has also been covered for the region across the globe, in order to give an exhaustive analysis of the overall competitive landscape of the electric vehicle charging station market. Some of the major players operating within the global electric vehicle charging station market profiled in this study. They are Bosch Automotive Service Solutions Inc., ChargePoint, Inc., ClipperCreek, Inc., Delta Group, Eaton Plc, Leviton Manufacturing Co., Inc., Enel Group, E-Station Pty Ltd., AeroVironment, Inc., General Electric Co., Hitachi, Ltd., KYOCERA Corp., Nichicon Corp., Panasonic Corp., Schneider Electric SE, SemaConnect, Inc., Siemens AG, Signet Systems Inc., Tesla Motors, Inc. and Toyota Industries Corp.

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