Electric Vehicle Charging Stations Market Size Expected To Reach $23 Billion By 2027
The Business Research Company’s Electric Vehicle Charging Stations Global Market Report 2023 – Market Size, Trends, And Global Forecast 2023-2032
LONDON, GREATER LONDON, UK, January 3, 2023 /EINPresswire.com/ -- The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The Business Research Company’s “Electric Vehicle Charging Stations Global Market Report 2023” is a comprehensive source of information that covers every facet of the electric vehicle charging stations market. As per TBRC’s electric vehicle charging stations market forecast1, electric vehicle charging station market size is expected to reach $23.25 billion in 2027 at a CAGR of 33.6%.
Increasing tax incentives and subsidies given to local automakers to produce electric vehicles are driving the demand for the electric vehicle (EV) charging station market. Asia-Pacific is expected to hold the largest electric vehicle charging stations market share. Major players in the electric vehicle charging stations market include Tesla, Chargepoint, Siemens, ClipperCreek, Schneider Electric.
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Trending Electric Vehicle Charging Stations Market Trend
Companies in the industry are increasingly offering ultra-quick charging capabilities of the direct current (DC) to aid performance optimization and ultra-fast charge. The ultra-quick charging technologies of direct current (DC) are used in electric vehicle charging stations to transfer current to electric vehicles through DC. DC fast charging or level 3 charging is capable of charging 80% of the electric vehicle battery within 20 minutes. DC fast charging stations with ultra-quick technology provide high-power DC up to 120 kW directly into the vehicle’s battery without passing through any onboard AC/DC converter. The necessary conversion from AC to DC by a convertor done in case of the AC charging process can be eliminated. In 2022, Tesla an American automotive and energy company revealed the supercharger V4’s design as part of the construction plans for a new station being deployed. Greenlots, an electric transportation company, has set plans to deploy 9 DC Fast charging stations across Central Washington. Electrify America, an electric vehicle charging network company, installed its first DC Faster charger in Massachusetts, USA, and is planning to invest $500 million to outfit the electric charging stations in 484 locations with 2000 DC fast chargers.
Electric Vehicle Charging Stations Market Segments2
• By Installation Type: Home Charging System, Commercial Charging System
• By Connector Type: CHAdeMO, CCS, GB/T, Tesla Supercharger, Other Connector Types
• By Mode Of Charging: Plug In Charging System, Wireless Charging System
• By Charging Statiom: Ac Charging Station, Dc Charging Station
• By Geography: The global electric vehicle charging stations market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Read more on the global electric vehicle charging stations market report at:
https://www.thebusinessresearchcompany.com/report/electric-vehicle-charging-stations-global-market-report
The electric vehicle charging stations global market overview consists of sales of farm machinery and equipment, and lawn and garden tractor and home lawn and garden equipment by entities (organizations, sole traders or partnerships) that produce agricultural implements, including combines, cotton ginning machinery, fertilizing machinery (farm-type), haying machines, milking machines, planting machines (farm- type) poultry brooders, feeders and waterers, power lawnmowers, snowblower and throwers (residential-type) tractors and attachments (lawn and garden-type and farm-type).
Electric Vehicle Charging Stations Global Market Report 2023 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Electric Vehicle Charging Stations Global Market Report 2023 by The Business Research Company is the most comprehensive report that provides electric vehicle charging stations market research and insights on electric vehicle charging stations market size, drivers and trends, electric vehicle charging stations market major players, competitors' revenues, market positioning, and electric vehicle charging stations market growth across geographies. The electric vehicle charging stations global market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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