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Energy Infrastructure for EV Charging Stations Market Worth $20 Billion by 2029 - Market Size, Share, Forecasts, & Trends Analysis Report with COVID-19 Impact by Meticulous Research®REDDING, Calif., Sept. 21, 2022 /PRNewswire/ -- According to a new market research report titled, 'Energy Infrastructure for EV Charging Stations Market by Component (Transformers, Electric Distribution Systems), Number of EVSE, Energy Source (Renewable Energy Sources, Non-renewable Energy Sources), and Geography - Global Forecast to 2029', the global energy infrastructure for EV charging stations market is expected to register a CAGR of 36% from 2022 to 2029 to reach $20 billion by 2029 an estimated from $2.3 billion in 2022.  Download Free Sample Report Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5301 Energy infrastructure for EV charging stations is defined as a power transmission system that helps power the site where one or more EVSEs are installed. These sites can be non-residential or commercial. Electric vehicle charging stations provide electric power to charge the vehicle's batteries and use that power to provide a driving range. Electric vehicle charging stations, commonly called charging docks, charging piles, or EVSE, include electrical conductors, related equipment, software, and communications protocols that deliver energy efficiently and safely to the vehicle. Government Initiatives to Drive the Adoption of EVs and Associated Infrastructure Governments worldwide are increasingly investing in electric mobility. The increasing government regulations to phase out fossil fuel-powered vehicles, government investments for improving public EV charging infrastructure, and initiatives in the form of subsidies & tax rebates for the adoption of electric cars are expected to support the growth of this market. With technological advancements in electric drivetrain technology, governments worldwide are pushing for transitioning to electric vehicles as a sustainable public and private transportation model. Considering the environmental benefits offered by EVs, governments are increasingly offering incentives and subsidies to purchase EVs and associated charging infrastructure, which helps boost the demand for energy infrastructure for EV charging stations. For instance, in November 2021, the Australian Government announced an investment of $132 million to ramp up the rollout of hydrogen refueling and charging stations for electric vehicles. For instance, in April 2020, the Government of China announced that they would invest $381 million in EV charging to enable the State Grid company to build 78,000 more charging stations over the year. Such initiatives by the government of various countries are expected to support the growth of the energy infrastructure for the EV charging stations market during the forecast period. Furthermore, in May 2019, the Italian Government ratified the 'Eco-Bonus' program, which resulted in spending of $67.2 million (€60 million) and $78.4 million (€70 million) in 2020 and 2021 on subsidies for purchasing hybrid or very low-emission vehicles and EV charging infrastructure. Under this scheme, from 1st March 2019 to 31st December 2021, individuals, companies, and condominiums were slated to receive a 50% tax deduction from purchasing EVs and installation cost (backend energy infrastructure) of recharging points for electric vehicles up to $3,360.3 (€3,000). Speak to our Analysts to Understand the Impact of COVID-19 on Your Business: https://www.meticulousresearch.com/speak-to-analyst/cp_id=5301 New Zealand has also taken steps to facilitate a change in electrical mobility. The government is increasingly promoting growth in the EV industry through an intervention program, including an EV public information drive and a Low Emission Vehicles Contestable Fund. This fund has provided more than NZ$17 million ($11 million) for 93 projects over the past five rounds. The key focus is to improve public EV charging infrastructure, contributing significantly to constructing more than 200 fast chargers across the country. The fund aims to fulfill the government's vision of fast DC chargers every 75 km on the main highway network. To provide efficient analysis, Meticulous Research® has segmented this marketbased on component (transformers, electric distribution systems, heavy-duty cables, metering systems, power converters, energy storage systems, and solar PV panels), number of EVSE (less than 5 units, 5 to 15 units, and more than 15 units), energy source (renewable energy sources, and non-renewable energy sources), and geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa). Quick Buy – Energy Infrastructure for EV Charging Stations Market - Global Opportunity Analysis And Industry Forecast (2022-2029), Research Report: https://www.meticulousresearch.com/Checkout/35287535 Based on component, the global energy infrastructure for the EV charging stations market is segmented into transformers, electric distribution systems, heavy-duty cables, metering systems, power converters, energy storage systems, and solar PV panels. In 2022, the transformer segment is estimated to account for the largest share of the global energy infrastructure for the EV charging stations market. However, the energy storage systems segment is expected to account for the highest CAGR during the forecast period due to various initiatives by OEMs and stakeholders which help develop ESS for EV charging stations. Based on number of EVSE, the global energy infrastructure for EV charging stations market is segmented into less than 5 units, 5 to 15 units, and more than 15 units. In 2022, the less than 5 units segment is estimated to account for the largest share of the global energy infrastructure for the EV charging stations market. However, the 5 to 15 units segment is expected to account for the highest CAGR during the forecast period due to the various government incentives, tax credits, and reimbursements for the commercial installation of charging stations. Based on energy source, the global energy infrastructure for the EV charging stations market is segmented into renewable energy sources and non-renewable energy sources. In 2022, the non-renewable energy sources segment is estimated to account for the larger share of the global energy infrastructure for the EV charging stations market. This is attributed to the government incentives and subsidies to purchase EVs and charging infrastructure. Based on geography, the energy infrastructure for EV charging stations market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2022, Asia-Pacific is estimated to account for the largest share of the global energy infrastructure for the EV charging stations market. However, Europe is expected to account for the highest CAGR during the forecast period. The growth of this market is driven by government initiatives to develop charging infrastructure across the region. France, Germany, Netherlands, Norway, and the U.K. are five front-runner countries for electric vehicles and charging points across the region. To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/energy-infrastructure-for-ev-charging-stations-market-5301 Scope of the Report Energy Infrastructure for EV Charging Stations Market, by Component
Energy Infrastructure for EV Charging Stations Market, by Number of EVSE
Energy Infrastructure for EV Charging Stations Market, by Energy Source
Energy Infrastructure for EV Charging Stations Market, by Geography
Download Free Sample Report Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5301 Related Report: Electric Vehicle Charging Stations Market by Charging Type (Level 1, Level 2, DCFC), Connection Type (Pantograph, Connector, Wireless), Component (Hardware, Software, Services), Mounting Type (Wall, Pedestal, and Ceiling), Vehicle Type, End User, and Geography - Global Forecast to 2028 https://www.meticulousresearch.com/product/electric-vehicle-charging-stations-market-5078 Electric Vehicle (EV) Market by Vehicle Type (Passenger Vehicles, LCVs, HCVs, Two-wheelers, e-Scooters & Bikes), Propulsion Type (BEV, FCEV, PHEV, HEV), End Use (Private, Commercial, Industrial), Power Output, Charging Standard, and Geography - Global Forecast to 2027 https://www.meticulousresearch.com/product/electric-vehicle-market-5179 Electric Car Market by Propulsion Type (BEV, FCEV, PHEV, HEV), Power Output (Less Than 100kW, 100 kW to 250 kW), End Use (Private, Commercial), and Geography — Global Forecast to 2028 https://www.meticulousresearch.com/product/electric-car-market-5187 About Meticulous Research® Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth. Contact: Logo: https://mma.prnewswire.com/media/1757980/Meticulous_Research_Logo_1.jpg 
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