Electric Vehicle (EV) Charging Infrastructure Market Size Likely To Rise At USD 45.59 Billion By 2025 : Grand View Research Inc.

Posted on 2019-04-02 by researchinsights in Automotive, Transportation & Logistics // 0 Comments

San Francisco, United States, 2019-April-02— /EPR Network/ —

The global electric vehicle charging infrastructure market is expected to reach USD 45.59 billion by 2025, according to a new report by Grand View Research, Inc. Governments, across the globe, are striving to encourage the adoption of electric vehicles. Incentive programs, such as tax rebates, grants, and subsidies, have been launched to promote the same.

The increasing adoption of electric vehicles is expected to be more in the passenger cars segment, in comparison with the commercial vehicle segment. The increase in adoption, can be attributed to the growing research & development activities and initiatives undertaken to improve the existing EV models, and make them competitive with the available fuel-powered car models. Furthermore, companies are working towards upgrading Electric Vehicle Supply Equipment (EVSE) to make them more convenient.

In the year 2016, CHAdeMO possessed the largest market share in the connector segment. However, it is predicted to be surpassed by the Combined Charging System (CCS) connectors segment, which is a combination of SAE J1772 (IEC Type 1) and IEC Type 2 connectors.

The fast chargers segment is expected to exhibit the fastest growth, with an estimated CAGR of around 47.9% from 2017 to 2025. Overnight charging is insufficient for covering long distances and sparing hours to charge the vehicle, during a voyage, is not presumed as a good idea. These situations encourage anxiety and eventually discourage the use of electric vehicles. Therefore, fast chargers are expected to have higher adoption rate than slow chargers.

To request a sample copy or view summary of this report, click the link below:
www.grandviewresearch.com/industry-analysis/electric-vehicle-charger-and-charging-station-market

North America electric vehicle charging infrastructure market, by connector, 2014 – 2025 (USD Million)

Further key findings from the report suggest:

The electric vehicle charging infrastructure market is expected to grow at a CAGR of 46.8% from 2017 to 2025
Leading automakers are observed investing heavily in promoting EV charging infrastructure. For instance, BMW, Daimler, Ford, and Volkswagen, together announced an investment plan for the development of 400 charging sites across Europe
The North American region is projected to dominate the EV charging infrastructure, as it is expected to witness significant growth in electric vehicle sales
The major players of the electric vehicle charging infrastructure market are ABB Group, AeroVironment, Inc., Elektromotive Limited, ChargePoint, Inc., Schneider Electric SE, Chargemaster Plc, Eaton Corporation, Siemens AG, SemaConnect, Inc., ClipperCreek, Inc., Tesla Motors, Inc., Delphi Automotive LLP, General Electric, and Leviton Manufacturing Co., Inc., among others

Related Report of Automotive & Transportation Market:

Grand View Research has segmented the global electric vehicle charging infrastructure market based on, charger type, connector, application, and regions:

Charger Type Outlook (Revenue, USD Million;2014 – 2025)

Slow Charger
Fast Charger

Connector Outlook (Revenue, USD Million;2014 – 2025)

CHAdeMO
CCS
Others

Application Outlook (Revenue, USD Million; 2014 – 2025)

Commercial
Residential

Regional Outlook (Revenue, USD Million; 2014 – 2025)

North America
- U.S.
- Canada
Europe
- Netherlands
- UK
- France
- Norway
- Germany
Asia Pacific
- China
- Japan
- South Korea

Access Press Release of This Research Report by Grand View Research: www.grandviewresearch.com/press-release/global-electric-vehicle-ev-charging-infrastructure-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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