EV Charging Infrastructure Market to Future Forecast Indicates Impressive Growth Rate by 2027.

Press Release

Europe is anticipated to be the fastest growing region, and Asia-Pacific is to be the highest revenue contributor throughout the forecast period in the EV Charging Infrastructure market. European countries: France, Germany, the UK, the Netherlands, Norway, Switzerland, Belgium, and Denmark, among others, have adopted EVs in significantly large quantities and are continuing to foster. The stringent rules and regulations to reduce the increasing amount of CO2 in the air by European governments have led the population to adopt a number of EVs, thereby, catalyzing the growth of installation of EV charging infrastructures in the countries. The European region is making significant strides in EV and EV charging infrastructure sectors year on year is boosting the businesses of the market players operating in the EV Charging Infrastructure market.

The trend of electric vehicle charging infrastructure is growing at an exponential growth rate. The high adoption rate of electric vehicle globally is demanding the requirement of quick and efficient charging stations for charging of the electric vehicle. The Government globally is focusing on taking various initiatives to develop and install EV charging stations. For instance, the US government launched an Energy Program at work named “Charge Georgia.” Under this initiative, the availability of public electric vehicle (EV) charging stations across the state of Georgia has increased significantly, which permit the EV Charging Infrastructure market to prosper in the forecast period.

Robotic and Smart Charging Technology

A new technology known as, “Robotic Charging,” which is the smartest way of charging your electric vehicle. It is an autonomously charging method which makes use of cameras to recognize the charging socket in the vehicle and get connected to it. This new technology is fully controlled by robots which allow the series of an electric vehicle to charge in various parking positions with high speed combined charging system (CCS). The market players globally are focusing towards the development of this new technology to provide better and quicker charging process. Some of the automakers who took the initiative to develop robotic charging system are Tesla, VOLTERIO GmbH, Volkswagens, and many more.

Hardware Segment Insights

The EV Charging Infrastructure market by hardware is segmented into AC Charger and DC Charger. The trend of charging their vehicles overnight at home has influenced the EV owners to procure and install AC chargers, which has boosted the AC charger segment revenue over the years. The AC charger manufacturers are constantly witnessing increasing demand for Level 1 chargers, attributing to the increase in electric vehicles in the developed countries as well as developing countries. Thus, enhancing the EV Charging Infrastructure market in the forecast period.

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Leading EV Charging Infrastructure Market Players:

  • ABB Ltd.
  • ABM Industries Incorporated
  • Bosch Automotive Service Solution
  • ChargePoint, Inc.
  • Driivz Ltd.
  • EVbox
  • Leviton Manufacturing Co., Inc.
  • Siemens AG
  • Tesla, Inc.

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Key Elements that the report acknowledges:

  • Market size and growth rate during forecast period.
  • Key factors driving the 3D Concrete Printing Market.
  • Key market trends cracking up the growth of the 3D Concrete Printing Market.
  • Challenges to market growth.
  • Key vendors of 3D Concrete Printing Market.
  • Detailed SWOT analysis.
  • Opportunities and threats faces by the existing vendors in Global 3D Concrete Printing Market.
  • Trending factors influencing the market in the geographical regions.
  • Strategic initiatives focusing the leading vendors.
  • PEST analysis of the market in the five major regions.

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