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Electric Vehicle Charging Infrastructure Market Records Growth of USD 80.46 billion from 2023 to 2028, Major Innovations and Key Vendor Offerings - TechnavioNEW YORK, Feb. 1, 2024 /PRNewswire/ -- The global electric vehicle charging infrastructure market size is estimated to increase by USD 80.46 billion from 2023-2028. The market's growth momentum will progressing at a CAGR of 30.75%. A few prominent vendors that offer electric vehicle charging infrastructure in the market are ABB Ltd., AeroVironment Inc., Alfen NV, BYD Co. Ltd., ChargePoint Holdings Inc., Eaton Corp. Plc, General Electric Co., Infineon Technologies AG, LS Power Development LLC, PG and E Corp., Phihong USA Corp., Polarium Energy Solutions AB, Schneider Electric SE, Shell plc, Shenzhen ATESS Power, Siemens AG, Tesla Inc., The Mobility House GmbH, TotalEnergies SE, and Webasto SE and others. Discover some insights on historic period (2018-2022) and Forecast size (2024 to 2028) before buying the full report - Request a sample report
Technavio has segmented the market based on Method (Fast charger and Slow charger), Type (AC and DC), and Geography (APAC, North America, Europe, South America, and Middle East and Africa).
By geography, the global market is segmented into APAC, North America, Europe, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global elecric vehicle charging infrastructure market.
For insights on global, regional, and country-level parameters with growth opportunities from 2018 to 2028 - Download a Sample Report Government initiatives supporting EV charging station installation are pivotal in driving market growth. With high demand for EVs globally, governments worldwide are incentivizing environmentally friendly transportation, offering subsidies and schemes like India's FAME India initiative. Such efforts to expand charging infrastructure, exemplified by India's plan for 2,636 stations, fuel market expansion in the forecast period. Powering EV charging stations through renewable energy emerge as the latest trend fueling the growth, however, factors such as the lack of standardized charging networks and adequate electricity may hamper the growth. Driver, Trend & Challenges are the factor of dynamics which states about consequences & sustainability of the businesses, find some insights from a free sample report! What are the key data covered in this Electric Vehicle Charging Infrastructure Market report?
Technavio's SUBSCRIPTION platform Applications The Electric Vehicle (EV) Charging Infrastructure industry experiences growth driven by increasing EV adoption and government initiatives worldwide. Key elements include diverse charging technologies like fast charging and level 2 charging, operated by charging infrastructure providers and manufacturers. The market encompasses deployment, management, and integration of charging stations, with a focus on standards, grid integration, and smart solutions, reflecting ongoing expansion and investment in EV charging infrastructure. Related Reports: The Global Electric Vehicle (EV) Traction Motor Market size is estimated to grow by USD 6,960.3 million and the EV traction motor market size forecast is set to increase CAGR of 16.73% between 2022 and 2027. The electric vehicle (EV) charging cable market size is estimated to grow at a CAGR of 29.86% between 2022 and 2027. The market size is forecast to increase by USD 1,840.14 million. About US Contact View original content to download multimedia:https://www.prnewswire.com/news-releases/electric-vehicle-charging-infrastructure-market-records-growth-of-usd-80-46-billion-from-2023-to-2028--major-innovations-and-key-vendor-offerings---technavio-302051198.html SOURCE Technavio |