The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Electric Vehicle Charging Infrastructure Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.
In-Depth Market Overview of Electric Vehicle Charging Infrastructure Industry (2024-2030):
According to the latest report, TheElectric Vehicle Charging Infrastructure Market size is valued at USD 20.22 billion in 2023 & is estimated to grow at a CAGR of around 18.12% during the forecast period, i.e., 2024-30. The report demonstrates the prominent factors propelling the exponential growth of the Electric Vehicle Charging Infrastructure industry.
Key Takeaways: Beneficial for Stakeholders and Clients:
- Historical Data: 2019-22
- Base Year: 2023
- Forecast Period: 2024-30
- CAGR (2024-2030): 18.12%
- Market Value in 2023: USD 20.22 Billion
What are the major Driver the Electric Vehicle Charging Infrastructure industry?
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.
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Electric Vehicle Charging Infrastructure Market Segmentation
The Electric Vehicle Charging Infrastructure Market analysis of Markntel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
- By Charger Type
- Wall Mounted- Market Size & Forecast 2019-2030, (USD Million)
- Pedestal Mounted- Market Size & Forecast 2019-2030, (USD Million)
- Roof Mounted- Market Size & Forecast 2019-2030, (USD Million)
- By Vehicle Type
- Passenger Cars- Market Size & Forecast 2019-2030, (USD Million)
- Light Commercial Vehicles- Market Size & Forecast 2019-2030, (USD Million)
- Medium & Heavy Commercial Vehicles- Market Size & Forecast 2019-2030, (USD Million)
- By Location
- Residential- Market Size & Forecast 2019-2030, (USD Million)
- Commercial- Market Size & Forecast 2019-2030, (USD Million)
- By Power Output
- Upto 50kW- Market Size & Forecast 2019-2030, (USD Million)
- 50.1kW-300kW- Market Size & Forecast 2019-2030, (USD Million)
- Above 300kW- Market Size & Forecast 2019-2030, (USD Million)
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
As per the regional aspect, the Electric Vehicle Charging Infrastructure Market is expected to be dominated by North America by capturing the potential market share.
Explore further details about this research report – https://www.marknteladvisors.com/research-library/ev-charging-infrastructure-market.html
Top Companies in the Electric Vehicle Charging Infrastructure Market
ABB, Tesla, Eaton, Pod Point, General Electric, Schneider Electric, BYD, Siemens, Evgo, and EVBOX
Global Electric Vehicle Charging Infrastructure Industry Recent Development:
2024 Years: ABB Launched a new charger that provides about 99% charging success rates, almost 97% uptime, and fast service response.
2023 Years: BYD Partnered with Raizen to create almost 600 charging stations in Brazil to facilitate the adoption of EVs in the country.
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