Electric Vehicle (EV) Charging Infrastructure Market Trends, Information, Manufacturing, Analysis and Forecasts 2025
The global electric vehicle charging infrastructure market was valued at USD 1.16 billion in 2016 and is expected to be growing at a faster rate during the forecast period. Increasing demand for electric vehicles has led to the growth of the product market.”
The global electric vehicle charging infrastructure market was valued at USD 1.16 billion in 2016 and is expected to be growing at a faster rate during the forecast period. Increasing demand for electric vehicles has led to the growth of the product market.”
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<strong>Electric</strong> <strong>Vehicle</strong> (<strong>EV</strong>) <strong>Charging</strong> <strong>Infrastructure</strong> <strong>Market</strong> <strong>Trends</strong>,<br />
<strong>Information</strong>, <strong>Manufacturing</strong>, <strong>Analysis</strong> <strong>and</strong> <strong>Forecasts</strong> <strong>2025</strong><br />
“The global electric vehicle charging infrastructure market was valued at USD<br />
1.16 billion in 2016 <strong>and</strong> is expected to be growing at a faster rate during the<br />
forecast period. Increasing dem<strong>and</strong> for electric vehicles has led to the growth<br />
of the product market.”<br />
Industry Insights<br />
The global <strong>Electric</strong> <strong>Vehicle</strong> <strong>Charging</strong> <strong>Infrastructure</strong> <strong>Market</strong> was valued at USD 1.16 billion in 2016 <strong>and</strong> is<br />
expected to be growing at a faster rate during the forecast period. Increasing dem<strong>and</strong> for electric vehicles has<br />
led to the growth of the product market. In the recent years, there has been a significant increase in the volume<br />
of these vehicles sold owing to the government-sponsored subsidies such as tax credits to support <strong>and</strong> promote<br />
the use of electric vehicles <strong>and</strong> make consumers aware of the benefits of using an <strong>EV</strong>.<br />
Passenger cars segment is expected to grow at the fastest rate as compared to the commercial vehicles segment.<br />
The increase in the variety of <strong>EV</strong> models, which will come equipped with the latest technology. Moreover, some<br />
research <strong>and</strong> development activities are being carried out to provide the vehicles with latest technologies <strong>and</strong><br />
advancements are being made in the <strong>Electric</strong> <strong>Vehicle</strong> Supply Equipment (<strong>EV</strong>SE) for making them more reliable<br />
<strong>and</strong> consumer friendly.<br />
Direct Current Chargers hold the capacity to charge an <strong>EV</strong> in less than 20-30 minutes. These DC charges convert<br />
the high voltage alternating current to direct current thereby storing the electricity in the <strong>EV</strong>s. They are further<br />
classified as Combined <strong>Charging</strong> System (CCS), CHAdeMO, <strong>and</strong> others connectors such as China GB/T <strong>and</strong> Tesla<br />
Supercharger<br />
Request Sample Copy of this <strong>Market</strong> Research @ https://www.millioninsights.com/industryreports/electric-vehicle-ev-charging-infrastructure-market/request-sample
Japan <strong>Electric</strong> <strong>Vehicle</strong> St<strong>and</strong>ard (J<strong>EV</strong>S) have stated CHAdeMO as reliable connectors owing to their ability to<br />
supply 62.5-kilo watts of DC. Tokyo <strong>Electric</strong> Power Company, Mitsubishi Group, Inc., Fuji Heavy Industries Ltd,<br />
Nissan Motor Company Ltd. <strong>and</strong> Toyota Motor Corporation together form a CHAdeMO association. Tesla<br />
Superchargers manufactured by Tesla Motors, Inc. is structured distinctively <strong>and</strong> offer some charging options<br />
including the superchargers. The Chinese GB/T supports level 2<strong>and</strong> 3, 250-volt<strong>and</strong> 400-volt DC <strong>and</strong> three-phase<br />
AC. GB/T pin design is similar to IEC connector; however, the functions are completely different.<br />
Type Insights<br />
Two varieties of chargers are currently available in the market which includes AC <strong>and</strong> DC chargers. Alternating<br />
Current Chargers are the one which is basically used in homes to charge an <strong>EV</strong> which uses AC. These chargers<br />
are further classified as Type-1 charges (up to 3.7 kilowatts), Type-2 (greater than3.7 kilowatts <strong>and</strong> less than or<br />
equal to 22 kilowatts), <strong>and</strong> Alternating Current rapid chargers (capacity up to 43 kilowatts). They can charge an<br />
electric vehicle in six to eight hours, three to four hours, <strong>and</strong> 40 to 50 minutes, respectively.<br />
Fast chargers accounted for a significant market share in 2016 owing to their high potential charging capacity<br />
which can charge an electric vehicle battery, to 80% in less than 30 minutes. These types of chargers include<br />
rapid AC chargers (up to 43kW), Tesla superchargers <strong>and</strong> DC chargers. They are super quick <strong>and</strong> help the driver<br />
to reduce nervousness <strong>and</strong> recharging time of the batteries.<br />
Browse Full Research Report @ https://www.millioninsights.com/industry-reports/electric-vehicleev-charging-infrastructure-market<br />
Application Insights<br />
Numbers of initiatives have been taken by the Government. To promote publicly available chargers <strong>and</strong> make<br />
consumers aware of the availability of chargers in their respective areas thereby boosting the <strong>EV</strong> sales. However,<br />
the commercial segment is expected to capture a larger market share than the residential sector. Furthermore,<br />
government <strong>and</strong> automakers are expected to make massive investments in the expansion of public<br />
infrastructure.<br />
Regional Insights<br />
In the recent years, countries such as China have witnessed a substantial growth in electric vehicles <strong>and</strong> also<br />
have worked on improving their charging infrastructure. Furthermore, it is willing to invest in the electric vehicle<br />
infrastructure market so as to accomplish the target for about 5 million <strong>EV</strong>s, on the road, by 2020. Owing to this,<br />
Asia Pacific region is expected to dominate the market <strong>and</strong> account for about 50% revenue share by <strong>2025</strong>.<br />
Similarly, Japan Government has also taken initiatives to increase the number of petrol stations with <strong>EV</strong> charging<br />
points. Such collaborative initiatives taken by the governments <strong>and</strong> automakers is projected to enhance the <strong>EV</strong><br />
infrastructure globally. The year 2016 has also seen a considerable investment from South Korea valuing USD<br />
180.3 million for improving the <strong>EV</strong> infrastructure in the region.
Competitive Insights<br />
The key players dominating the market include AeroVironment, Inc., ABB Group, Electromotive Limited,<br />
Schneider <strong>Electric</strong> SE, Charge Point, Inc., Charge master Plc, Siemens AG, Eaton Corporation, SemaConnect,<br />
Intesa Motors, Inc., Clipper Creek, Inc., Delphi Automotive LLP, Leviton <strong>Manufacturing</strong> Co., Inc. <strong>and</strong> General<br />
<strong>Electric</strong> Company.<br />
These companies are continuously focusing towards new product developments <strong>and</strong> up gradation of their<br />
existing product portfolio. They have strategically collaborated with other niche players <strong>and</strong> electric vehicle<br />
manufacturers to sustain the market competition. For example, in 2016, Charge Point, Inc. teamed up with<br />
BMW, Volkswagen <strong>and</strong> LLC came together to set up approximately 100 DC, fast-charging stations across east<br />
<strong>and</strong> west coasts of the U.S. Moreover, they are improving their market shares by undertaking mergers <strong>and</strong><br />
acquisitions.<br />
<strong>Market</strong> Segment:<br />
Charger Type Outlook (Revenue, USD Million;2014 - <strong>2025</strong>)<br />
• Slow Charger<br />
• Fast Charger<br />
Connector Outlook (Revenue, USD Million;2014 - <strong>2025</strong>)<br />
• CHAdeMO<br />
• CCS<br />
• Others<br />
Application Outlook (Revenue, USD Million; 2014 - <strong>2025</strong>)<br />
• Commercial<br />
• Residential<br />
Regional Outlook (Revenue, USD Million; 2014 - <strong>2025</strong>)<br />
• North America<br />
• U.S.<br />
• Canada<br />
• Europe<br />
• Netherl<strong>and</strong>s<br />
• UK<br />
• France<br />
• Norway<br />
• Germany<br />
• Asia Pacific<br />
• China<br />
• Japan<br />
• South Korea
See More Reports of this Category by Million Insights @<br />
https://www.millioninsights.com/industry/automotive-<strong>and</strong>-parts<br />
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