Technavio's Electric Vehicle (EV) Charging Station Market Research Report Highlights the Key Findings in the Area of Vendor Landscape, Key Market Segments, Regions, and Latest Trends and Drivers
NEW YORK, Jan. 18, 2022 /PRNewswire/ -- The latest electric vehicle (EV) charging station market research report, Electric Vehicle (EV) Charging Station Market by Type and Geography - Forecast and Analysis 2021-2025", by Technavio infers that the increasing sales of BEVs and PHEVs to achieve growth opportunities is notably driving this market's growth.
Resulting in market growth of USD 22.02 billion from 2020 to 2025, read additional information about the market, get a FREE sample report.
ABB Ltd., ChargePoint Inc., ENGIE SA, EV Safe Charge Inc., EVgo Services LLC, Leviton Manufacturing Co. Inc., Schneider Electric SE, Siemens AG, Tesla Inc., Webasto SE among others are of the few key vendors competing to maintain their market position in the market.
Various players in the market are engaging in strategic partnerships and joint ventures coupled with launching differentiated products to up their game in the high-end bicycle industry. For instance, in January 2021, the company launched a new public fast charger Sicharge D for the IEC markets with a voltage range up to 1,000 V.
View more about the market's vendor landscape highlights with a comprehensive list of vendors and their offerings.
Key Market Segmentation
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Regional Market Outlook
Apart from regions, if we look at the country-wise market growth, China, US, France, Germany, UK, and Switzerland will contribute to the highest market growth.
Download our FREE sample report for more key highlights on the regional market share of most of the above-mentioned countries.
Latest Trends, Driving the Global High-End Bicycle Market
Advances in electric vehicle technology, improvements in charging infrastructure, and increasing socioeconomic conditions all contribute to increased demand for BEVs and PHEVs, which drives up the use of EV charging stations. Government authorities are supporting the usage of electric vehicles in response to growing worries about pollution and the depletion of conventional energy sources. Reduced taxes, funding, or the easier and faster installation of EV charging stations at various public stations, residential, and business sectors are all examples of government support. Governments in several markets are giving subsidies and incentives for the use of EV charging options, which is helping to improve BEV and PHEV sales. During the projection period, the growth of the EV charging station market would be influenced by the increase in sales of BEVs and PHEVs.
Find additional information about various other market drivers & trends mentioned in our FREE sample report.
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