Posted On: 1970-01-01
Rising pollution level coupled with increasing inclination of developed countries towards electric mobility across the world would boost the growth of global electric vehicle charging infrastructure market-6Wresearch
The transportation industry contributes more than 25 percent of the total GHG emissions in the environment. Green transport has turned out to be an efficient solution to the address of the alarming issue. Additionally, with the rising adoption of electric vehicles in developed and developing nations across the globe, the global electric vehicle charging infrastructure market is expected to foresee significant growth during the projection period.
According to 6Wresearch, Global electric vehicle charging infrastructure market is expected to grow at a CAGR of 23.8% during 2019-2025. Generous tax incentives and rebates provided by the government of developed nations for the purchase of electric vehicles would expand several new opportunities for the growth and development of the global electric vehicle charging infrastructure market over the coming years.
According to Prithu Chawla, Research Analyst, Research and Consulting, 6Wresearch, “Asia Pacific region registered a strong market base in the global electric vehicle charging infrastructure market coupled with a maximum number of charging stations registered across the Globe. China, Japan, India, and South Korea has been observed as some of the fastest-growing markets for electric vehicle charging infrastructure as of now. Moreover, with the span of time and inclination towards green transport of the developing countries, the electric vehicle charging infrastructure market is anticipated to gain momentum over the coming years”.
According to Deepanshi Arora, Research Associate, Research and Consulting, 6Wresearch, “Residential application dominated the global electric vehicle charging infrastructure volume market owing to convenient and cost-friendly charging provided by the residential chargers. Additionally, the residential application would retain dominance owing to growing preference over commercial chargers over the coming years.”
Some of the key players in the global 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.
"Global Electric Vehicle Charging Infrastructure Market (2019-2025)" report provides an in-depth analysis with more than 189 figures covered in more than 300 pages. The report estimates and forecasts the overall global electric vehicle charging infrastructure market by types, applications, and regions including North America, Latin America, Asia Pacific, Europe, Middle East, and Africa. 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.