$14 Billion Electric Vehicle Charging Infrastructure Market – Global Outlook and Forecast 2021-2026: Revenue is Expected to Grow at a CAGR of Over 30% – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Electric Vehicle Charging Infrastructure Market – Global Outlook and Forecast 2021-2026” report has been added to ResearchAndMarkets.com’s offering.

The global electric vehicle charging infrastructure market by revenue is expected to grow at a CAGR of over 30% during the period 2020-2026.

The global electric vehicle charging infrastructure market size to cross USD 14 billion in 2026, growing at a CAGR of 36% during the forecast period.

With the increasing funding from government bodies for electric vehicle (EV) adoption, the demand for charging infrastructure is expected to grow. Many countries have recognized the need to go electric to reduce rising emissions, with the US and China leading the race. These countries have taken measures to expand and establish the charging network.

They have encouraged people to opt for these vehicles by offering discounts, tax rebates, and preferential measures, among other things. China, the US, and a few European countries have subsidized the expense of installing an electric vehicle charging station in apartment complexes, semi-public zones, and private residences, which is influencing the market growth.

The APAC market is projected to be driven by the large-scale development of EV charging networks in China, increasing demand for affordable electric vehicles for everyday use, and governments supporting electric vehicles during the forecast period. The expansion of advanced technology to boost electrification in China fuels the country’s rapidly growing economy. China invested roughly USD 2.4 billion in improving the charging infrastructure until 2020.

Governments of Japan and Korea have announced plans to dramatically increase the number of electric vehicle charging systems in their respective countries in the coming years. Moreover, growing innovations, include automated robot-based, wireless, and ultra-fast charging, are expected to boost the demand during the forecast period.

Insights by Vendors

APAC, Europe, and North American economies are the three most promising markets for electric vehicles and associated infrastructure. These three regions account for a significant share of the market. Opportunities in the electric vehicle charging market are numerous because these are mainly untapped with no clear market leaders.

All markets are expected to expand rapidly over the next decade, coinciding with the anticipated mass acceptance of electric vehicles (EVs). ABB, Star Charge, and DBT Technologies are among the most prominent vendors. Product launches are a popular approach used by industry leaders to broaden their product portfolios and expand their global presence.

For instance, in March 2019, Tesla Inc. unveiled the V3 Supercharger, the company’s third generation of Supercharger, charging a vehicle in less than 15 minutes.

Prominent Vendors

• ABB
• EVgo
• ChargePoint
• EVBox
• Eaton
• DBT
• GS Yuasa International
• PLUGLESS POWER

Other Prominent Vendors

• bp Chargemaster
• BTCPower
• Bosch Automotive
• CIRCONTROL
• Efacec
• Shenzhen EN-plus Technologies
• Luoyang Grasen Power Technology
• Phihong
• SEW-EURODRIVE
• Senku Machinery
• SETEC Power
• Star Charge
• Tesla
• Tritium
• SIGNET EV
• Pod Point
• Leviton Manufacturing
• United Charging Infrastructure
• Alpiq E-Mobility
• CIRCUTOR
• Conductix-Wampfler
• Endesa
• GIFAS ELECTRIC
• KEBA
• Walther-Werke

Key Topics Covered:

1 Research Methodology

2 Research Objectives

3 Research Process

4 Scope & Coverage

5 Report Assumptions & Caveats

6 Market at a Glance

7 Introduction

7.1 Overview

7.2 Business Models

7.3 FAQs

7.4 Impact Of COVID-19

8 Market Opportunities & Trends

8.1 Automated Robot-Based EV Charging Infrastructure

8.2 Wireless Charging Systems for Electric Taxis

8.3 Evolving Business Models to Promote EV Adoption

9 Market Growth Enablers

9.1 Government Policies & Initiatives

9.2 Demand for Ultra-Fast Charging Infrastructure

9.3 Decline in Electric Vehicle Prices

10 Market Restraints

10.1 Lack of Standardization In Charging Infrastructure

10.2 High Cost of Fast-Charging Infrastructure

10.3 At-Home Charging Infrastructure

11 Market Landscape

11.1 Market Overview

11.2 AC/DC: Market Overview

11.3 M&As & Partnerships

11.4 Recent Developments

11.5 End User: Market Dynamics

11.6 Market Size & Forecast By Value & Volume

11.7 Five Forces Analysis

12 Voltage

12.1 Market Snapshot & Growth Engine

12.2 Market Overview

12.3 Level 1

12.4 Level 2

12.5 Level 3-5

13 Mode Of Charging

13.1 Market Snapshot & Growth Engine

13.2 Market Overview

13.3 Wired

13.4 Wireless

14 Application

14.1 Market Snapshot & Growth Engine

14.2 Market Overview

14.3 Private Charging Stations

14.4 Public Charging Stations

15 Operation Sites

15.1 Market Snapshot & Growth Engine

15.2 Market Overview

15.3 Petrol Pumps

15.4 Offices

15.5 Supermarkets

15.6 Public Parks

15.7 Others

16 Geography

For more information about this report visit https://www.researchandmarkets.com/r/u8brkd

Contacts

ResearchAndMarkets.com

Laura Wood, Senior Press Manager

[email protected]

For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900