DUBLIN--(BUSINESS WIRE)--The "Electric Vehicle Charging Stations Market by Charging Station (AC Charging Station, DC Charging Station), Installation Type (Residential, Commercial), and Region (North America, Europe, Asia Pacific, and Row) - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The electric vehicle charging stations market is expected to grow from USD 5.30 billion in 2018 and reach USD 30.41 billion by 2023, at a CAGR of 41.8% between 2018 and 2023.
Key factors driving the growth of the electric vehicle charging stations market include government funding, subsidies, and incentives, growing demand for electric vehicles, growing concern toward environmental pollution, and heavy investment from automakers in EVs. However, high price and small distance covered by EVs and lack of standardization with EV charging are the key restraining factors for the market growth.
The market for DC charging stations is expected to grow at a higher CAGR between 2018 and 2023. The ability of DC charging stations to charge an electric vehicle (EV) in lesser time compared to AC charging stations is the primary driving factor for the high growth rate of former in the electric vehicle charging stations market. Also, the increasing popularity of public charging stations is boosting the demand for DC charging stations.
The electric vehicle charging stations market in APAC is expected to grow at the highest CAGR between 2018 and 2023. The rapid expansion of EV charging stations in China supports the growth of electric vehicle charging stations market in APAC. The country aims at installing approx. 500,000 public EV charging stations by 2020. Furthermore, other Asian countries, such as India, Thailand, and Singapore, have announced their investment plans to develop EV charging infrastructure. These factors are expected to drive the growth of the electric vehicle charging stations market in APAC.
ChargePoint (US), ABB (Switzerland), Tesla (US), Engie (France), and AeroVironment (US) are the top electric vehicle charging station manufacturing companies.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Tends
7 EV Market Analysis, By Vehicle Type
8 EVCS Market Analysis, By Charging Station
9 Standards of Electric Vehicle Charging Stations
10 EVCS Market Analysis, By Installation Type
11 EVCS Market Analysis, By Geography
12 Competitive Landscape
13 Company Profiles
- Schneider Electric
- Blink Charging
- Clipper Creek
For more information about this report visit https://www.researchandmarkets.com/research/gb2jdg/electric_vehicle?w=4