Worldwide Electric Vehicle Charging Station Industry to 2027 - Key Drivers and Challenges - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Electric Vehicle Charging Station Market Outlook, 2027" report has been added to ResearchAndMarkets.com's offering.

According to the report titled Global Electric Vehicle Charging Station Market Outlook, 2027 charging station market is expected to grow at CAGR of more than 30% in value market size by the end of forecast period.

Companies Mentioned

• Chargepoint Inc.
• Shell plc
• Tesla Inc.
• Bp P.L.C.
• Abb Group
• Rwe AG
• Siemens AG
• Efacec
• Blink Charging Co.
• Webasto Group
• Byd Auto Co. Ltd.
• Semaconnect Inc.
• Evgo Services LLC.
• Engie
• Schneider Electric
• Ev Box
• Eaton Corporation plc
• Leviton Manufacturing Co. Inc.
• Phihong Usa Corp.
• Ev Safe Charge Inc.
• Tata Power Company Limited

There are mainly three levels of electric vehicle charging i.e. Level 1, Level 2, and Level 3 charging. Level 1 and Level 2 charging is generally alternating current (AC) charging which are also known as slow chargers. Level 3 charging is broken into Direct Current Fast Charging (DCFC) and various others fast charging such as Tesla Supercharging, Terra 360 and CHAdeMO charging. Higher the level of charging, faster the charging process, as more power is delivered to the vehicle. According to the report, Level 1 charging segment is leading with more than 71% of volume market share.

Followed by Level 2 charging and then Level 3 charging. By application type of charging market is segregated into public and private charging. Public charging infrastructure is vital to supporting existing electric vehicles while encouraging future adoption. Public charging infrastructure has continued apace over the past year on the back of significant investment from the governments and various private sectors. Adoption of charging station in private places is rapidly increasing as growth in sales of electric vehicle. According to the report, private segment having the market share of more than 65% volume market share correspondent to public segment having lowest market share, however, public segment is likely to capture higher market share in forecast period.

There are various factors responsible for year on year growth of electric vehicle charging market globally, such as increasing in sales of electric vehicle, environment awareness among people and various government incentives towards clean energy. By region Asia-Pacific is leading the market with highest installation of charging station globally. The reason behind this is adaptation of electric vehicle in china. By volume share, Asia-pacific is leading with more than 45% market share, follow by Europe. By country, china is leading with more than 50% of value and volume market share.

The electric vehicle (EV) segment is still taking tentative steps towards mainstream proliferation in the global context. The electric vehicle and charging station industry had faced many challenges in pandemic situation globally. Sales of electric vehicle significantly affected in COVID-19 situation along with the wider automotive industry. The lockdown has shown immediate impacts on the supporting industry of EV charging services, and the related supply chain for charging station deployment. However, governments across the globe think of ways to reemerge from this pandemic with an economy that is stronger and more resilient than it was before, EVs and charging station continue to get a significant amount of attention.

This report would help you answer the following questions:

1. At what rate the global electric vehicle charging station market will grow in forecast period?

2. What are the types of electric vehicle chargers?

3. What are the different types of electric vehicle charging levels?

4. Which electric vehicle charger type is leading the market?

5. What is the impact of COVID-19 on the global electric vehicle charging station Market?

6. What are the different types of charging station by applications?

Key Topics Covered:

1. Executive Summary

2. Report Methodology

3. Market Structure

3.1. Market Considerate

3.2. Market Definition

4. Economic/Demographic Snapshot

5. Global Electric Vehicle Charging Station Market Outlook

5.1. Market Size

5.1.1. By Value

5.1.2. By Volume

5.2. Market Share

5.2.1. By Region

5.2.2. By Charger Type

5.2.3. By Application Type

5.2.4. By Charging Level

5.2.5. By Country

5.2.6. By Company

6. North America Electric Vehicle Charging Station Market Outlook

7. Europe Electric Vehicle Charging Station Market Outlook

8. Asia-Pacific Electric Vehicle Charging Station Market Outlook

9. Latin America, Middle East & Africa Electric Vehicle Charging Station Market Outlook

10. Market Dynamics

10.1. Key Drivers

10.2. Key Challenges

11. Market Trends and Developments

12. Company Profiles

13. Strategic Recommendations

14. Disclaimer

For more information about this report visit https://www.researchandmarkets.com/r/ss22z6