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The global electric vehicle charging infrastructure market
The global electric vehicle charging infrastructure market is projected to reach USD 140 billion by 2030, growing at an annualized rate of 31.2%, claims Roots Analysis
Increasing awareness related to the importance of reducing carbon footprint across the globe, has compelled individuals to adopt cleaner mobility alternatives, such as electric vehicles
Roots Analysis has announced the addition of “Electric Vehicle Charging Infrastructure Market, 2019-2030” report to its list of offerings.
Currently, many regional governments are promoting the adoption of electric vehicles. However, most of the countries presently don’t have the required charging infrastructure for such vehicles; it is worth noting that construction of a charging infrastructure network reportedly costs between USD 3,500-6,500. We believe that higher adoption of these cleaner alternatives is likely to provide opportunities for electric vehicle charging infrastructure providers and thereby, drive the growth of this market in the foreseen future.
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Key Market Insights
Solutions for AC charging stations are expected to capture 80% of the market share till 2030
AC chargers, which are also referred to as onboard chargers, are mostly installed in electric cars in order to maintain essential communication with the control system. It is worth highlighting that low cost, easy installation and reliability are the key growth drivers of the AC charging stations market.
Commercial charging stations market is expected to grow at a relatively faster pace
Such stations are publicly available, mostly installed at service locations, places where vehicles are often parked, such as restaurants, shopping malls, hotels and locations near highways. The market for these charging stations is estimated to grow at a CAGR of 39.1%, during the period 2020-2030.
Solutions supporting level 2 charging are anticipated to dominate the market, from 2020-2030
Growth of this market is primarily driven by the increasing demand for charging solutions for home, workplace and parking. It is worth noting that, in 2019, over 80% public outlets in the United States were reported to have level 2 charging solutions for electric vehicles.
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Key Questions Answered
- What are the types of electric vehicle charging infrastructure currently available in the market?
- What are the key drivers, restraints and opportunities in the EV charging infrastructure market?
- Who are the leading industry players in the electric vehicle charging infrastructure domain?
- What are the key strategies adopted by players in order to drive growth?
- What would be the likely impact of the recent COVID-19 pandemic on the electric vehicles industry?
- How is the current and future market opportunity likely to be distributed across key market segments?
The USD 140.0 billion (by 2030) financial opportunity within the global electric vehicle charging infrastructure market has been analyzed across the following segments:
- Type of Charging
- AC Charging
- DC Charging
- Wireless Charging
- End Use
- Charging Level
- Level 1
- Level 2
- Level 3
- Key Geographical Regions
- North America
- RoW (Latin America, Middle East and Africa)
The research covers profiles of key players engaged in the electric vehicle charging infrastructure market:
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We provide market research and consulting in the pharmaceutical industry. Focussed on providing an informed and impartial view on key issues facing the industry, our research is primarily driven by an in-depth analysis covering the following parameters:
Research and development
Existing market landscape
Future Commercial potential
Regional growth drivers
Risks and opportunities
We specialise in analysing areas which have lacked quality research so far or require more focussed understanding within the broader industry. All our reports are structured in a way to enable the reader develop a thorough perspective on the given subject. Apart from writing reports on identified areas, we also provide bespoke research / consulting services dedicated to serve our clients in the best possible way.