Asia Pacific (APAC) Electric Vehicle Charging Infrastructure Market (2019-2025) | Share, Size, Analysis, Value, Segmentation, Revenue, industry & Outlook

Latest 2023 Developments of the Asia Pacific (APAC) Electric Vehicle Charging Infrastructure Market

The Asia Pacific (APAC) Electric Vehicle Charging Infrastructure Market is witnessing developments with innovations and new technologies emerging in order to meet the rising demand for sustainable transportation solutions. One essential trend fueling the growth of the market is the rising adoption of electric vehicles by businesses and consumers. The requirement for a reliable network of charging stations has become prominent since more electric vehicles hit the roads. Companies play a crucial role in the Asia Pacific (APAC) Electric Vehicle Charging Infrastructure Market Growth as they explore new partnerships and business models in order to grow their reach. The emergence of advanced technologies like induction-based or wireless charging systems is another trend in the market. These offer more efficient and rapid ways to charge vehicles with the requirement for direct physical contact between the car and charger. Many governments across the region are playing an active role in promoting the adoption of electric vehicles via policy initiatives like subsidies or tax incentives for buying electric cars. 

Asia Pacific electric vehicle charging infrastructure market Synopsis

The Asia Pacific electric vehicle charging infrastructure market has captured the majority of the market share of the overall electric vehicle charging infrastructure market across the world, with a maximum number of developed charging stations and a vast number of charging stations under construction. Moreover, growing government initiatives to promote electric vehicles in the countries would lead to a further surge in demand for the construction of electric vehicle charging infrastructure in the region.

According to 6Wresearch, the Asia Pacific (APAC) Electric Vehicle Charging Infrastructure Market is expected to grow at a CAGR of 23.1% during 2019-2025. The market is expected to mark growth over the coming six years owing to rising pollution levels coupled with an increased demand for greener transportation across the region. Additionally, continuous efforts of the government towards promoting sales of electric vehicles in the region are further anticipated to contribute towards the growth of the electric vehicle charging infrastructure market over the coming years.

China electric vehicle charging infrastructure market has captured the majority of the demand in the overall Asia Pacific region. The electric vehicle charging infrastructure market in Japan, is the second-largest across the region, holding a vast number of in-house EV charging station manufacturers. Moreover, South Korea and India also have a well-equipped charging infrastructure with both countries expected to build strong market potential over the coming years. Several projects further initiated by the developing nations across the region are expected to assist the market to gain momentum over the coming years.

 The Asia Pacific electric vehicle charging infrastructure market report thoroughly covers the market by types, applications, and key countries including South Korea, Japan, China, India, and the rest of Asia Pacific. The Asia Pacific electric vehicle charging infrastructure market outlook report provides an unbiased and detailed analysis of the ongoing Asia Pacific electric vehicle charging infrastructure market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

The Asia Pacific Electric Vehicle Charging Infrastructure Market is expected to mark growth in the upcoming six years owing to rising pollution levels coupled with an increased demand for greener transportation across the region. Continuous efforts of the government toward building market potential are further anticipated to contribute towards the growth of the market in the coming years. The region has been observed capturing a major share of the electric vehicle charging infrastructure across the world with a maximum number of developed charging stations and a vast number under construction. Moreover, several efforts by the government coupled with heavy investment in the production of electric vehicles are projected to drive market growth. China's electric vehicle charging infrastructure market has been captured as the largest market for the product across the region. The electric vehicle charging infrastructure market in Japan followed by China, is the second-largest across the region, holding a vast number of in-house EV charging station manufacturers. Moreover, South Korea and India also have a well-equipped charging infrastructure with both countries expected to build strong market potential in the coming years. Several projects further initiated by the developing nations across the region are expected to assist the market gain momentum in the coming years.

Asia Pacific electric vehicle charging infrastructure market is estimated to register sound revenues in the upcoming six years on the back of the rising wide use of electric vehicles regionally. Further, On the basis of the country, India electric vehicle charging infrastructure is estimated to register sound growth in the market owing to increased electric vehicles adoption residentially, on the other side this stimulates government to spend a huge amount for the development of electric vehicle charging infrastructure in the country with the aim of easy availability of vehicle charging access on the way and ensures uninterpretable mobility, as a result, is estimated to impact positively over the product demand and would benefit the Asia Pacific electric vehicle charging infrastructure market to achieve positive growth in the coming timezone.

The Asia Pacific electric vehicle charging infrastructure market is projected to witness substantial growth during the forecast period 2020-26F backed by rising electric vehicle adoption rapidly by the countries. Moreover, on the basis of the country, India electric vehicle charging infrastructure market is estimated to leave a positive impact on the market owing to increased e-rickshaw deployment along with rising government initiatives by evolving single-unit charging setup is expected to make serious headway towards the growth of India charging station market, as a result, is estimated to benefit the significant growth of the entire Asia Pacific electric vehicle charging station market in the coming timezone. Additionally, several Southeast Asian countries are expected to contribute to a major demand for charging stations with rising electric scooters on lease due to increased tourism influx and this would benefit Asia Pacific electric vehicle charging infrastructure market in the coming years.

Key Players in the Asia Pacific (APAC) Electric Vehicle Charging Infrastructure Industry

The players in the market are leading the way in developing new strategies and innovative charging technologies. Some prominent players in the market include:

• ChargePoint Inc.
• ABB Ltd
• State Grid Corporation of China (SGCC)
• Siemens AG
• Tesla Motors Inc.
• Schneider Electric SE
• ENGIE SA
• Bosch Automotive Service Solutions Inc.

Key Highlights of the Report:

• Asia Pacific Electric Vehicle Charging Infrastructure Market Overview
• Asia Pacific Electric Vehicle Charging Infrastructure Market Outlook
• Asia Pacific Electric Vehicle Charging Infrastructure Market Forecast
• Historical Data of Asia Pacific Electric Vehicle Charging Infrastructure Market Revenues for the Period 2015-2018
• Market Size & Forecast of Asia Pacific Electric Vehicle Charging Infrastructure Market Revenues, Until 2025.
• Historical Data of Asia Pacific Electric Vehicle Charging Infrastructure Market Revenues, By Types, for the Period 2015-2018
• Market Size & Forecast of Asia Pacific Electric Vehicle Charging Infrastructure Market Revenues, By Types, Until 2025
• Historical Data of Asia Pacific Electric Vehicle Charging Infrastructure Market Revenues, By Applications, for the Period 2015-2018
• Market Size & Forecast of Asia Pacific Electric Vehicle Charging Infrastructure Market Revenues, By Applications, Until 2025
• Historical Data of South Korea Electric Vehicle Charging Infrastructure Market Revenues, for the Period 2015-2018.
• Market Size & Forecast of South Korea Electric Vehicle Charging Infrastructure Market Revenues, Until 2025.
• Historical Data of Japan Electric Vehicle Charging Infrastructure Market Revenues, for the Period 2015-2018.
• Market Size & Forecast of Japan Electric Vehicle Charging Infrastructure Market Revenues, Until 2025.
• Historical Data of China Electric Vehicle Charging Infrastructure Market Revenues, for the Period 2015-2018.
• Market Size & Forecast of China Electric Vehicle Charging Infrastructure Market Revenues, Until 2025.
• Historical Data of India Electric Vehicle Charging Infrastructure Market Revenues, for the Period 2015-2018.
• Market Size & Forecast of India Electric Vehicle Charging Infrastructure Market Revenues, Until 2025.
• Historical Data of the rest of Asia Pacific Electric Vehicle Charging Infrastructure Market Revenues, for the Period 2015-2018.
• Market Size & Forecast of the Rest of Asia Pacific Electric Vehicle Charging Infrastructure Market Revenues, Until 2025.
• Market Drivers and Restraints
• Asia Pacific Electric Vehicle Charging Infrastructure Market Trends and Industry Life Cycle
• Market Opportunity Assessment
• Asia Pacific Electric Vehicle Charging Infrastructure Market Share, By Regions
• Asia Pacific Electric Vehicle Charging Infrastructure Market Share, By Players
• Asia Pacific Electric Vehicle Charging Infrastructure Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered

The Asia Pacific electric vehicle charging infrastructure market report provides a detailed analysis of the following market segments:

By Types:

• AC Charger
• DC Charger

By Applications:

• Residential
• Commercial
• Others

By Key Countries:

• South Korea
• India
• China
• Japan
• Rest of Asia Pacific

Asia Pacific (APAC) Electric Vehicle Charging Infrastructure Market: FAQs