Over the next five years the Electric Vehicle Charging Services Market will register an 26.8% CAGR in terms of revenue, the global market size will reach USD 25.5 billion by 2027.
The industry is being driven by an increase in the global usage of electric vehicles. The adoption of electric vehicles throughout many locations is greatly boosting the demand for electric vehicle charging stations due to environmental challenges, government policies, and initiatives. In comparison to the high cost of gasoline, these vehicles have lower operating costs. Manufacturers are working on electric vehicles that have a longer battery life and can be used for longer periods of time. This element contributes to the market's expansion. The surge in private and governmental investment in the development of electric car charging infrastructure is likely to boost market growth during the forecast period. Smart connectivity is projected to be enabled by advanced technology such as real-time information in every electric vehicle charging station.
The lack of understanding among non-data centre, on the other hand, is concerning. The report aspects discussed the profile of the top manufacturers of the global Electric Vehicle Charging Services market. These aspects include financial status of major companies, trending advancements and entire market scenario. Growth of the report have examined Electric Vehicle Charging Services Market production, demand and growth potential, geographic analysis, as well as current market developments in various regions and countries.
August 24, 2021 - Siemens to Expand Electric Vehicle Charging Manufacturing in the United States to Support Rapid Market Growth--
Siemens is announcing its commitment to invest and expand the company’s U.S. manufacturing operations to support electric vehicle infrastructure in America. The company will bolster its existing manufacturing footprint of EV infrastructure with the VersiCharge Level 2 AC series product line of commercial and residential EV chargers.
2021/12/02 - Nissan to enhance EV charging infrastructure with new fast charger rollout across Europe--
Nissan announces a partnership with leading EV charging suppliers, Allego and E.ON, to update and increase the rapid charger offering provided by Nissan's extensive European dealership network.
Electric Vehicle Charging Services Market is segmented based on the type, applications, companies and regions.
By Type, it is segmented into
The largest market is expected to be the Asia Pacific. During the forecast period, the Asia Pacific market is expected to be driven by the large-scale growth of EV charging networks in China, increasing demand for affordable electric vehicles for everyday use, and governments supporting electric vehicles. China's rapidly expanding economy is propelling the country's electrification. The governments of Japan and Korea have both announced plans to significantly increase the number of electric vehicles charging stations in their respective countries in the coming years
All these factors greatly affect the Electric Vehicle Charging Services market growth. It further aims at providing complete overview on detailed assessment of significant features of different industries including sales volume, market revenue, and demand size, sales growth, pricing analysis and changing market growth factors in regions such as Follows
The Electric Vehicle Charging Services Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Electric Vehicle Charging Services Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
Report Attributes | Report Details |
Forecast Period 2022 to 2027 CAGR | CAGR of 26.8% over the forecast period (2022-2027) |
By Type |
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By Application |
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By Companies | Shell Global, Nissan, Blink, Siemens, Bosch, Addenergie, Efacec, Aerovironment, General Electric, ChargePoint, Sema Connect, CLEVER, Schneider Electric |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 166 |
Customization Available | Yes, the report can be customized as per your needs |
What is the growth rate of Electric Vehicle Charging Services Market?
The Electric Vehicle Charging Services Market is growing at a CAGR of 26.8% over the next 5 years.
Who are the key players in Electric Vehicle Charging Services Market?
Shell Global, Nissan, Blink, Siemens, Bosch, Addenergie, Efacec, Aerovironment, General Electric, ChargePoint, Sema Connect, CLEVER, Schneider Electric
What are the significant types of Electric Vehicle Charging Services Market?
Residential Charging Solutions, Commercial Charging Solutions
What are the major end-use applications of Electric Vehicle Charging Services Market?
Battery Electric Vehicles, Hybrid Electric Vehicles, Plug In Hybrid Electric Vehicles, Other
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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