Technavio's Electric Vehicle (EV) Charging Station Market Research Report Highlights the Key Findings in the Area of Vendor Landscape, Key Market Segments, Regions, and Latest Trends and Drivers

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NEW YORK, Jan. 18, 2022 /PRNewswire/ -- The latest electric vehicle (EV) charging station market research report, Electric Vehicle (EV) Charging Station Market by Type and Geography - Forecast and Analysis 2021-2025", by Technavio infers that the increasing sales of BEVs and PHEVs to achieve growth opportunities is notably driving this market's growth.

Attractive Opportunities in Electric Vehicle (EV) Charging Station Market by Type and Geography - Forecast and Analysis 2021-2025
Attractive Opportunities in Electric Vehicle (EV) Charging Station Market by Type and Geography - Forecast and Analysis 2021-2025

Resulting in market growth of USD 22.02 billion from 2020 to 2025, read additional information about the market, get a FREE sample report.

Vendor Landscape
The market structure is expected to remain fragmented during the forecast period. Vendors are deploying different organic and inorganic growth strategies to compete in the market.

ABB Ltd., ChargePoint Inc., ENGIE SA, EV Safe Charge Inc., EVgo Services LLC, Leviton Manufacturing Co. Inc., Schneider Electric SE, Siemens AG, Tesla Inc., Webasto SE among others are of the few key vendors competing to maintain their market position in the market.

Various players in the market are engaging in strategic partnerships and joint ventures coupled with launching differentiated products to up their game in the high-end bicycle industry. For instance, in January 2021, the company launched a new public fast charger Sicharge D for the IEC markets with a voltage range up to 1,000 V.

View more about the market's vendor landscape highlights with a comprehensive list of vendors and their offerings.

Key Market Segmentation

  • Segmentation by Type:

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Regional Market Outlook
APAC will contribute 46% of the market growth during the forecast period. The growth of this region can be attributed to the availability of a large number of vendors and the growing disposable income of a major share of the population.

Apart from regions, if we look at the country-wise market growth, China, US, France, Germany, UK, and Switzerland will contribute to the highest market growth.

Download our FREE sample report for more key highlights on the regional market share of most of the above-mentioned countries.

Latest Trends, Driving the Global High-End Bicycle Market

  • Market Driver:

Advances in electric vehicle technology, improvements in charging infrastructure, and increasing socioeconomic conditions all contribute to increased demand for BEVs and PHEVs, which drives up the use of EV charging stations. Government authorities are supporting the usage of electric vehicles in response to growing worries about pollution and the depletion of conventional energy sources. Reduced taxes, funding, or the easier and faster installation of EV charging stations at various public stations, residential, and business sectors are all examples of government support. Governments in several markets are giving subsidies and incentives for the use of EV charging options, which is helping to improve BEV and PHEV sales. During the projection period, the growth of the EV charging station market would be influenced by the increase in sales of BEVs and PHEVs.

  • Market Trend:

Find additional information about various other market drivers & trends mentioned in our FREE sample report.

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Electric Vehicle (EV) Charging Station Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 31%

Market growth 2021-2025

$ 22.02 billion

Market structure

Fragmented

YoY growth (%)

24.28

Regional analysis

APAC, Europe, North America, MEA, and South America

Performing market contribution

APAC at 46%

Key consumer countries

China, US, France, Germany, UK, and Switzerland

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

ABB Ltd., ChargePoint Inc., ENGIE SA, EV Safe Charge Inc., EVgo Services LLC, Tesla Inc., Leviton Manufacturing Co. Inc., Schneider Electric SE, Siemens AG, and Webasto SE

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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