Market Forecast By Charger Types (AC Charger and DC Charger), By End Consumers (Public and Private), And Competitive Landscape
Product Code: ETC072133 | Publication Date: May 2022 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 80 | No. of Figures: 14 | No. of Tables: 8 |
Report Name | Taiwan Electric Vehicle Charging Infrastructure Market |
Forecast period | 2025-2031 |
CAGR | 11.7% |
Growing Sector | Transportation Industry |
Taiwan Electric Vehicle Charging Infrastructure Market report thoroughly covers the market By Charger Types, By End Consumers. The market report provides an unbiased and detailed analysis of the ongoing 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 Taiwan electric vehicle charging infrastructure market is projected to grow between 2025-2031. The market is driven by the increasing adoption of electric vehicles and supportive government initiatives to accelerate the transition toward cleaner transportation. Additionally, the growing demand for renewable energy sources and advancements in charging technology are also contributing to the growth of the market.
According to 6Wresearch, the Taiwan Electric Vehicle Charging Infrastructure Market Size is expected to reach a significant CAGR of 11.7% during the forecast period 2025-2031. The government's dedication to decreasing carbon emissions has been one of the key factors stimulating the electric vehicle charging infrastructure market growth in Taiwan. The Taiwanese government announced in 2020 that it would ban gasoline-powered motorcycles by 2035 and ban all gasoline-powered vehicles by 2040. This has resulted in increased investment in charging infrastructure and incentives for electric vehicles like tax incentives and subsidies. In addition, concern for air pollution and a growing awareness of climate change have also fueled the electric vehicle charging infrastructure market in Taiwan. More people are now environmentally conscious, and there is demand for alternative modes of transportation that will reduce carbon emissions as a result.
Despite these drivers, the electric vehicle charging infrastructure market in Taiwan will continue to face certain challenges. The first challenge is the cost associated with building and maintaining electric vehicle charging stations. This has created a degree of apprehensiveness on the part of businesses and individuals when considering investments into the infrastructure needed for the sector, impeding the market development. The second challenge is the low number of publicly available charging stations, especially outside of major urban areas - limiting the distance an electric vehicle can go, and accessible distances to travel to an area without charging infrastructure.
Taiwan's electric vehicle charging infrastructure market is undergoing fast development as expressed through a number of significant trends. Firstly, public institutions and for-profit enterprises are increasingly working together to co-invest in charging stations and foster greater consumer adoption. Secondly, an increase in renewable energy sources, such as solar and wind power, is being factored into charging stations to lessen reliance on traditional energy sources and add more "sustainability" to charging stations. Thirdly, mobile and fast-charging solutions are becoming more common as they prioritize convenience for EV consumers. All of these trends will certainly shape the future of the EV infrastructure market.
The Electric Vehicle Charging Infrastructure Market in Taiwan has numerous investment opportunities, particularly as the Taiwanese government indicated that it would introduce further subsidies for EV and infrastructure development. Investment in upgraded charging stations with user-friendly applications and faster charging for EVs are appreciated by the Taiwanese government and companies. Investment in automated solutions with smart-grids is also an emerging focus with potential to improve consumers' charging experience. In addition, rural areas have not been developed at all and present significant growth potential for companies that want to build charging infrastructure in rural areas instead of urban areas.
Some of the top companies dominating the Taiwan Electric Vehicle Charging Infrastructure Market Share through their innovative approaches toward EV infrastructure include Delta Electronics Inc., Faraday Technology Corporation, EV Power Co., Ltd. Foxlink Group HiRain Technologies Co., Ltd. Infineon Technologies AG MediaTek Inc. These players put their efforts into developing state-of-the-art charging solutions for the global accreditation and tie-up for cross-industry partnering and into accelerating growth. These collaborations and remarkable organizations' domestic players and international companies joining together to come up with advanced charging systems responding to the increasing trend of EV ownership are bolstering each other. Partnerships among automotive manufacturers, hardware suppliers, and energy providers are also redefining the competitive landscape.
The Taiwanese government has established an exhaustive set of policies and plans that are designed to ensure the development of the Taiwan Electric Vehicle Charging Infrastructure Industry. For instance, there are tax incentives for EV buyers, subsidies for installing the charging stations, and the phasing out of internal combustion-engine vehicles by 2040. The government further stresses the importance of interoperability of charging systems and safety requirements in order to create a uniform and reliable network that will inspire consumers' confidence.
The projected Taiwan Electric Vehicle Charging Infrastructure Market Growth shows strong potential, aided by technological advancements as well as increasing consumer knowledge regarding the effectiveness of car use in regard to EV efficiency. The global rollout of ultra-fast charging networks will influence market growth, improving the capabilities and efficiency of wide reaching home chargers and existing infrastructure. The market will also be further influenced by the utilization of AI, data analytics, and capacity building within the network to optimize the placement, use, and maintenance of stations throughout the nation. By proactively addressing challenges in the market, integrating renewable energy systems into the electrical distribution network, and ensuring efficient network management going forward, the EV charging infrastructure in Taiwan will work to be the world's leading transportation operation in the transition to a more sustainable transport system.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
According to Ravi Bhandari, Research Head, 6Wresearch, DC chargers are expected to dominate the market due to their ability to provide faster charging times, making them an ideal choice for public charging stations and high-usage areas.
Public Sector to Dominate the Market- By End Consumers
The public sector is anticipated to lead the market, owing to growing investments in expanding accessible charging infrastructure to support rising EV adoption across Taiwan.
The report provides a detailed analysis of the following market segments:
1. Executive Summary |
2. Introduction |
2.1 Report Description |
2.2 Key Highlights of The Report |
2.3 Market Scope & Segmentation |
2.4 Research Methodology – Sources of Information |
2.5 Assumptions |
3. Taiwan Electric Vehicle Charging Infrastructure Market Overview |
3.1 Country Indicators |
3.2 Taiwan Electric Vehicle Charging Infrastructure Market Revenues, 2021-2031F |
3.3 Taiwan Electric Vehicle Charging Infrastructure Market Revenue Share, By Types, 2021 & 2031F |
3.4 Taiwan Electric Vehicle Charging Infrastructure Market Revenue Share, By Applications, 2021 & 2031F |
3.5 Taiwan Electric Vehicle Charging Infrastructure Market Industry Life Cycle |
3.6 Taiwan Electric Vehicle Charging Infrastructure Market- Porter’s Five Forces |
4. Taiwan Electric Vehicle Charging Infrastructure Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5. Taiwan Electric Vehicle Charging Infrastructure Market Trends |
6. Taiwan Electric Vehicle Charging Infrastructure Market Overview, By Types |
6.1 Taiwan Electric Vehicle Charging Infrastructure Market Revenues, By AC Charger, 2021-2031F |
6.2 Taiwan Electric Vehicle Charging Infrastructure Market Revenues, By DC Charger, 2021-2031F |
7. Taiwan Electric Vehicle Charging Infrastructure Market Overview, By Applications |
7.1 Taiwan Residential Electric Vehicle Charging Infrastructure Market Revenues, 2021-2031F |
7.2 Taiwan Commercial Electric Vehicle Charging Infrastructure Market Revenues, 2021-2031F |
7.3 Taiwan Others Electric Vehicle Charging Infrastructure Market Revenues, 2021-2031F |
8. Taiwan Electric Vehicle Charging Infrastructure Market Key Performance Indicators |
9. Taiwan Electric Vehicle Charging Infrastructure Market Opportunity Assessment |
9.1 Taiwan Electric Vehicle Charging Infrastructure Market Opportunity Assessment, By Types, 2031F |
9.2 Taiwan Electric Vehicle Charging Infrastructure Market Opportunity Assessment, By Applications, 2031F |
10. Taiwan Electric Vehicle Charging Infrastructure Market Competitive Landscape |
10.1 Taiwan Electric Vehicle Charging Infrastructure Market Revenue Share, By Companies, 2024 |
10.2 Taiwan Electric Vehicle Charging Infrastructure Market Competitive Benchmarking, By Operating Parameters, 2021 |
11. Company Profiles |
12. Strategic Recommendations |
13. Disclaimer |