Electric Vehicle Component and Infrastructure Market to Flourish with an Impressive CAGR During 2017 – 2025

Press Release

Transparency Market Research, in its recent market intelligence study, finds that the global Electric Vehicle Component and Infrastructure market registered a value of ~US$ xx Mn/Bn in 2018 and is anticipated to expand at xx% CAGR during the forecast period 2019-2029. All the consumption trends and adoption patterns of the Electric Vehicle Component and Infrastructure are covered in the report. Prominent players, including player 1, player 2, player 3 and player 4, among others, account for substantial shares in the global Electric Vehicle Component and Infrastructure market.

In this Electric Vehicle Component and Infrastructure market study, the following years are considered to project the market footprint:

  • History Year: 2014 – 2018
  • Base Year: 2018
  • Estimated Year: 2019
  • Forecast Year: 2019 – 2029

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Market Segment

Electric vehicle market is segmented on the basis of propulsion technology into, battery electric vehicle, plug-in hybrid electric vehicle, hybrid electric vehicle, and fuel cell vehicle. The plug-in hybrid electric vehicles segment is anticipated to grow among this segment at a rapid pace in the forecast period as there is the higher flexibility of usage in the forthcoming years in market.

On the basis of vehicle type electric vehicle market is segmented into an electric passenger car, commercial vehicle, and two wheelers. Electric passenger cars are the fastest growing segment in the vehicle type segment. Availability of a broad range of electric passenger car with upgraded technology and rising consumer awareness is the major factor which is driving electric passenger cars segment.

Based on the propulsion technology, electric vehicle market can be segmented into BEV (Battery Electric Vehicle), PHEV (Plug-in Hybrid Electric Vehicle), HEV (Hybrid Electric Vehicle), and FCEV (Fuel Cell Vehicle).

On the basis of regulations, the market can be segmented into battery treatment regulations, safety regulations and subsidies, and taxes based.

Based on charging, electric vehicle can be segmented into normal charging and super charging.

On the basis of geographical regions the market is segmented into seven different regions: North America, Latin America, Eastern Europe, Western Europe, Asia-Pacific region, Japan, and Middle East and Africa.

In regional segments, Asia-Pacific is anticipated to witness relatively high growth followed by North America region. Tax rebates subside and availability of charging infrastructure are contributing to the growth in electric vehicle sales in the region.

Electric Vehicle Market: Key Market Players

Some of the key players in the Electric Vehicle Market are BMW, Automotive Energy Supply Corporation, BYD Company Ltd., Car Charging Group, Charge Point, Inc., Delphi Automotive, LG Chem, Nissan Motor Corporation, Panasonic Corporation, Samsung SDI, Tesla Motors Inc., Volkswagen AG, Lucid Motors, Faraday Future, NextEV, Karma Automotive, Next Future Transportation, Inc., and few other regional players.

In 2015, Tesla launched world first electric SUV. A seven-seater 4×4 with hybrid styling and hip gullwing type rear doors, the Model X is additionally outstanding for its guaranteed 257 mile range and quickening to 60mph in as little as 3.2 seconds. Manufacturers of electric vehicle are investing into launching upgraded vehicle and focusing on different approaches to keep up their business in the global electric vehicle market.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market 

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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The Electric Vehicle Component and Infrastructure market research serves a platter of the following information:

  • Extensive analysis of the drivers, restraints, opportunities and trends influencing the growth of the global Electric Vehicle Component and Infrastructure market.
  • In-depth understanding of the Electric Vehicle Component and Infrastructure market as per product type, and end use.
  • Exhaustive investigation of the strengths, weaknesses, opportunities and threats of various Electric Vehicle Component and Infrastructure market players.
  • Precise year-on-year growth of the global Electric Vehicle Component and Infrastructure market in terms of value and volume.
  • Regional analysis further broken down into countries for minute details.

The Electric Vehicle Component and Infrastructure market research answers important questions, including the following:

  • What was the number of units of the Electric Vehicle Component and Infrastructure sold in 2018?
  • Which Application is expected to lead the Electric Vehicle Component and Infrastructure market in forecast period?
  • How are the vendors overcoming the challenges associated with the use of Electric Vehicle Component and Infrastructure ?
  • What R&D projects are the Electric Vehicle Component and Infrastructure players implementing?
  • Which product type will lead the global Electric Vehicle Component and Infrastructure market by 2029

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Why go for Transparency Market Research?

Transparency Market Research stays aligned with the fact the organization lands among the leading market research firms in India. Our analysts work irrespective of the time-zone, the result, we are being recognized worldwide. We abide by the notion that each client has his/her own set of requirements. With extensive primary and secondary research, our experts churn out the most accurate information regarding the desired the market.

This post was originally published on Analytics News