Electric Vehicle Charging Infrastructure Market Size, Growth Outlook, Research Report Forecast to 2020-2027
Electric vehicle infrastructure system is a public charging source of electricity which helps to connect and recharge electric vehicles. Network connectivity, smart metering, and cellular capability are the enhanced features of electric vehicle infrastructure. Electric vehicle infrastructure has specially designed connectors that have ability to conform to variety of standards for electric charging connectors.
Increase in production and sales of electric vehicles and
hybrid vehicles awing to reduced maintenance and operational cost are the key
driving factors which are expected to boost the global electric vehicle
charging infrastructure market growth. Furthermore, increase in dependency on
fossil fuels and rise in concerns regarding negative impact of carbon footprint
will have the positive impact on market growth. Moreover, increase in number of
initiatives and subsidies by government and environmental agencies across the
various regions will fuel the market growth.
However, electric vehicle adoption is slower in initial
stage for these types of vehicles and substantial capital required for
development of infrastructure is low which is major challenging factor expected
to hinder the global electric vehicle charging infrastructure market growth.
Also, high cost of electric vehicles will affect the market growth.
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Electric
Vehicle Market Segmentation
Global Electric Vehicle Charging Infrastructure Market is
segmented into charger type such as Fast Charger, and Slow Charger, by
connector such as CHAdeMO (Charge De Move), and CCS (Combined Charging System).
Further, market is segmented into application such as Residential, and
Commercial.
Also, Global Electric Vehicle Charging Infrastructure Market
is segmented into five regions such as North America, Latin America, Europe,
Asia Pacific, and Middle East & Africa.
Top Key Players
Various key players are discussed in this report such as ABB
Limited, XCharge, Tesla, Siemens, Heliox, Eaton, EVBox, ClipperCreek,
ChargePoint, and AeroVironment.
Market Segmentation Analysis
By Charger Type
- Fast Charger
- Slow Charger
By Connector
- CHAdeMO (Charge De Move)
- CCS (Combined Charging System)
By Application
- Residential
- Commercial
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
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