Rising pollution coupled with increasing government support to adopt green transport in the region would drive the growth of Asia Pacific electric vehicle charging infrastructure market during the forecast period.
Asia Pacific electric vehicle charging infrastructure market is expected to witness strong growth over the coming years owing to the increasing adoption of electric mobility in Japan and China. Additionally, the rising pollution level is leading to an increase in GHG emissions and is thereby, shifting the focus of these countries towards the adoption of green mobility for a safe and sustainable future.
According to 6Wresearch, Asia Pacific (APAC) electric vehicle charging infrastructure market is expected to grow at a CAGR of 23.1% during 2019-25. The primary driver of the Asia pacific electric vehicle charging infrastructure market is increasing government support and policies towards the adoption of electric mobility in the region. The government of various countries is providing subsidies for the purchase of electric vehicles in the country.
According to Prithu Chawla, Research Analyst, Research and Consulting, 6Wresearch, “China accounts for the majority of the revenue share in the overall electric vehicle charging infrastructure market in the Asia Pacific region. Rising private investment for the construction of well-equipped charging infrastructure in the country and effective strategies adopted by the country’s government for the improvisation of electric mobility would further propel the China electric vehicle charging infrastructure market over the coming years”.
According to Deepanshi Arora, Research Associate, Research and Consulting, 6Wresearch, in the overall Asia Pacific electric vehicle charging infrastructure market, the residential charging segment accounted for a leading revenue share in the market. The residential charging systems provide convenient charging at affordable costs, which has led the residential domain to gain significant share amongst electric vehicle owners.
Some of the key players in the Asia Pacific electric vehicle charging infrastructure market include Schneider Electric, Nissan Motor Co. Ltd., ABB Ltd., Tesla Inc., Shell Global, Wallbox, Renault, Virta Global, General Electric and ChargePoint Inc.
"Asia Pacific Electric Vehicle Charging Infrastructure Market (2019-2025)" report provides an in-depth analysis with more than 189 figures covered in more than 170 pages. The report estimates and forecast the overall Asia Pacific electric vehicle charging infrastructure market by types, applications and key countries including South Korea, Japan, China, India and the rest of Asia Pacific. The 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.
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