Charging Infrastructure Market Revenue to outshine USD 42.1 BN By 2027
Posted On May 04, 2021
The Global Charging Infrastructure Market revenue is anticipated to grow to around USD 42.1 BN by 2027 with a CAGR of 35.8 % during the year 2021-2027 as per the report published by Value Market Research. A substantial rise in the procurement of electric vehicles is the main driving force behind the market's growth. A rapid increase in the manufacture of electric fleets such as buses, trucks, and vans in the coming decade will significantly increase the market growth. Availability of advanced grid management software tools for utility companies and vehicle communications will benefit market growth. High disposable income and rising investments in the alternative energy sector and advanced transportation technologies for sustainable global development will favor market growth. The low labor costs for charging stations as they are unattended, adopt self-service and require less maintenance than gas pumps will be a market booster. The high operational, maintenance and installation costs associated with charging stations and lack of standardization will hinder the market growth.
Charging infrastructure is a network of charging stations set up to recharge electric vehicles. The first significant step in procuring the charging infrastructure is to identify potential users. Before setting up the charging infrastructure, it is necessary to understand the vehicle's charging needs, the travel patterns, the time taken to charge the vehicle battery, and the number and type of EVs served at a particular location. Few other factors to be considered before setting up the charging infrastructure are equipment, installation, operation and maintenance, compliance, ownership, signage, markings, etc. Installation of the charging infrastructure both in commercial and residential areas is possible.
The elaborate study "Global Charging Infrastructure Market Report By Infrastructure Provider (Charging Point Operator (CPO) , E-Mobility Service Provider (EMSP) , Charging Hubs), By Type (CCS , CHADEMO , Normal Charging , Tesla Supercharger , TYPE-2 (IEC 62196), By Charging Level (Level 1 (120 V) , Level 2 (208 V – 240 V) , Level 3 (UPTO 600 V), By Vehicle Type (Electric Bike , Plug-In Hybrid PHEV , EV Passenger Cars , Heavy Delivery Vans , Others), By Installation Type (Portable Charger , Fixed Charger), By Application (Public , Private) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2021-2027" poses a refreshing view of the market taking into consideration all the aspects affecting the market.
On the basis of infrastructure provider the market is segmented into Charging Point Operator (CPO), E-Mobility Service Provider (EMSP), Charging Hubs. By type the charging infrastructure market is categorised as CCS, CHADEMO, Normal Charging, Tesla Supercharger, TYPE-2 (IEC 62196).By Charging Level the charging infrastructure market is categorised as Level 1 (120 V), Level 2 (208 V – 240 V), Level 3 (UPTO 600 V). Based on Vehicle Type the charging infrastructure market is segmented as Electric bike, Plug-in hybrid PHEV, EV passenger cars, Heavy delivery vans, Others. By installation type the charging infrastructure market is categorised as Portable Charger, Fixed Charger. By application the charging infrastructure market is categorised as Public, Private. The report covers North America (North America, United State and Rest of North America), Europe (United Kingdom, France , Germany, Rest of Europe), Asia Pacific (China, Japan, India, Rest of Asia Pacific), Latin America (Brazil, Rest of Latin America) and Middle East & Africa. The data tables in these chapters give the market estimates on the basis of all the segments.
The Report Segments Global Charging Infrastructure Market -
By Infrastructure Provider
- Charging Point Operator (CPO)
- E-Mobility Service Provider (EMSP)
- Charging Hubs
- Normal Charging
- Tesla Supercharger
- TYPE-2 (IEC 62196)
By Charging Level
- Level 1 (120 V)
- Level 2 (208 V – 240 V)
- Level 3 (UPTO 600 V)
By Vehicle Type
- Electric Bike
- Plug-in hybrid PHEV
- EV Passenger Cars
- Heavy Delivery Vans
By Installation Type
- Portable Charger
- Fixed Charger
- North America
- Latin America
- Middle East & Africa
Players Profiled In the Report:
Chargepoint Inc., ABB Ltd., Tesla Inc., BP Chargemaster, EVGO Services LLC, Semaconnect Network, Greenlots, and EV Connect, Electrify America LLC, Opconnect, Inc., Webasto Group, Engie SA, Schneider Electric SE, Siemens AG, Efacec Power Solutions, Allego, Alfen, Leviton, Tgood, Clippercreek, Inc., and Blink Charging Co.
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