Hong Kong electric vehicle charging infrastructure market report comprehensively covers the market by-charger types and end consumers. Hong Kong electric vehicle charging infrastructure market report provides an unbiased and detailed analysis of the on-going 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.
Hong Kong Electric Vehicle Charging Infrastructure Market Synopsis
Hong Kong electric vehicle charging infrastructure market is expected to witness growth due to rising funds by the Hong Kong government for an eco-friendly & clean environment. Additionally, the Hong Kong government has rolled out a $260 million “EV-Charging at Home Subsidy Scheme (EHSS)” to subsidize the installation of EV charging-enabling infrastructure (EVCEI) in car parks of existing private residential buildings. The scheme aims to create an extra 60,000 private car parking spaces in the country. However, the market witnessed a decline during the outbreak of the Covid-19 pandemic and is expected to recover over the coming years.
According to 6Wresearch, Hong Kong electric vehicle charging infrastructure market size grew at a CAGR of 15.7% from during 2020-2025. In 2019, the Hong Kong government has allocated $15.48 million to install over 1,000 medium chargers at government car parks which would be fully or partially open to the public.
Market Analysis By Charger Types
DC chargers held the highest revenue share in the overall electric vehicle charging infrastructure market. Moreover, to provide greater convenience for EV owners to charge at HK electric charging station, a new application has been launched named “HK Electric Low Carbon App” which provides information about the company’s ten charging stations including their locations and the types of chargers, as well as navigation function within 15km range.
Key Attractiveness of the Report
- COVID-19 Impact on the Market.
- 6 Years Market Numbers.
- Estimated Data Starting from 2020 to 2025F.
- Base Year: 2019
- Forecast Data until 2025F.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report:
- Hong Kong electric vehicle charging infrastructure Market Overview
- Hong Kong electric vehicle charging infrastructure Market Outlook
- Hong Kong electric vehicle charging infrastructure Market Forecast
- Historical Data and Forecast Hong Kong electric vehicle charging infrastructure Market Revenues and Volume for the Period 2019-2025F
- Historical Data and Forecast of Hong Kong electric vehicle charging infrastructure Market Revenues and Volume, By Charger Types, for the Period 2019-2025F
- Historical Data and Forecast of Hong Kong electric vehicle charging infrastructure Market Revenues and Volume, By End Consumers, for the Period 2019-2025F
- Market Drivers and Restraints
- Industry Life Cycle
- Porter’s Five Force Analysis
- Impact Analysis of COVID-19
- Market Trends
- Indonesia Vehicle Market Revenue Ranking, By Companies
- Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
Market Scope and Segmentation
Thereportprovides a detailed analysis of the following market segments:
By Charger Types
- AC
- DC
By End Consumers
- Public
- Private
