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VANCOUVER, BC, CANADA, April 6, 2022 /EINPresswire.com/ — The size of the global electric vehicle (EV) charging stations market reached $6.72 billion in 2021 and is expected to register a revenue CAGR of 38.7% over the forecast period, according to the latest analysis from Emergen Research. Rising purchases of e-vehicles, government policies, and funding for the expansion of electric vehicle charging stations are expected to support the market revenue growth between 2022 and 2030. The demand for electric vehicle charging stations continues to increase due to the increased adoption of electric cars across the world. Rising emissions of carbon dioxide (CO2) and other dangerous pollutants from transporting gasoline and diesel fuel have led people to switch to electric vehicles, which is expected to drive revenue growth over the next forecast period. Additionally, increasing adoption of green and renewable energy is also expected to drive the growth of the electric vehicle charging station market.
However, the high initial installation cost of electric vehicle charging stations is hampering the market revenue growth. The initial cost of installing and setting up an EV charging station is high, especially for Tier 3 and other fast charging stations. In addition, other expenses related to electricity, labor, maintenance, license taxes and installation of electric charging equipment increase the overall expenses to set up an electric vehicle charging station, which is expected to hamper the market revenue growth to some extent.
The subject matter experts conducting the study also take a closer look at the products at their development stage and in the pipeline to help business owners conclude on the business strategies that can lower their costs and promise great returns or profits. A focus on new launches, acquisitions and mergers, collaboration, import and export status, and supply chain management enables business evangelists, manufacturers, and business owners to build a solid strategy when it comes to investing.
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The study produces real-time data and offers ample insights about the estimated market size, growth, and share to stakeholders, field marketing personnel, and product owners who plan to multiply profitability and to reduce costs. Importantly, market intelligence research dives deep into customer preferences, spending capacity, and production volume with the aim of ensuring unparalleled customer delight. A thorough assessment of the past and future trends discussed in the report can help business owners identify any adjustments that might be needed to the existing business strategy.
The report covers the following companies: ABB Ltd., Tesla Inc., Chargepoint, Inc., BP Pulse, Schneider Electric SE, Semaconnect Network, EVGO Services LLC, EVBox Group, Eaton Corporation PLC, Shell PLC, Blink Charging Co., Siemens AG, Webasto SE and Hyundai Motor Company
The report offers accurate information about market price, capacity, value, gross revenue and profit. The main objective of the report is to offer in-depth details about market size, revenue growth, and overall market dynamics to readers, stakeholders, and businesses to enhance their share in the global Charging Stations market. charging for electric vehicles. It also provides detailed information regarding key drivers, restraints, limitations, challenges along with various market segmentations such as product type, application and regional bifurcation.
Emergen Research has segmented the global electric vehicle charging station market on the basis of charge level, charging infrastructure, vehicle type, installation type, application, and region:
Billing Level Outlook (Revenue, USD Billion; 2019-2030)
Level 1 (120V)
Level 2 (208V-240V)
Level 3 (up to 600 V)
Charging Infrastructure Outlook (Revenue, USD Billion; 2019-2030)
Combine charging station (CCS)
Vehicle Type Outlook (Revenue, USD Billion; 2019-2030)
Plug-in hybrid electric vehicle (PHEV)
Electric passenger cars
Heavy duty vehicles
Light commercial vehicles
Plant Type Outlook (Revenue, USD Billion; 2019-2030)
Application Type Outlook (Revenue, USD Billion; 2019-2030)
The study segments the Electric Vehicle Charging Stations industry on the basis of major classification such as product type, potential markets, application, and end-user. This assessment of the industry for the forecast period 2021-2028 incorporates projections relating to investment feasibility, gross margin, profit, consumption volume, production capacity and major market vendors. . Likewise, the statistics associated with the competitive landscape, the evolution of consumer behavior and purchasing power are presented and well explained using valuable resources such as tables, graphs and graphic images, which can be easily incorporated into business or corporate presentations.
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Summary of key points from the report:
The report offers a comprehensive overview of the market size, share, and growth rate over the forecast duration.
It provides details of the current scenario, historical data, giving an accurate forecast of the market for the coming years.
The study categorizes the market based on product types, applications, end-users, market value and volume, industry verticals, and 5 major regions.
It also offers regional market analysis and forecasts for the major geographies of the industry i.e. North America, Europe, Asia-Pacific, Latin America, Middle East and Africa. .
Industry supply chain, sourcing strategy, upstream raw materials and downstream demand analysis have also been undertaken in the research report.
The study offers a comprehensive understanding of demand and supply dynamics, including production and consumption rates, and overall market mapping.
The report uses different analytical tools including SWOT analysis, Porter’s five forces analysis, and price analysis to provide accurate market insights.
Electric Vehicle Charging Stations Market Regional Outlook:
The rest of Europe
Rest of APAC
Rest of LATAM
Middle East and Africa
Rest of MEA
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