Electric Vehicle Charging Stations Market Set to Exceed USD 56.9 billion by 2026 | CAGR 36.1% “Electric Vehicle Charging Stations Market By
Charger Type (Slow Charger, Fast Charger); By Connector Protocol (CHAdeMO, Combined Charging System, Others); By Charging Method (AC Charging, DC Charging); By Application (Commercial, Home); By Regions - Segment Forecast, 2020 - 2026”
Electric Vehicle Charging Stations Market Estimate & Forecast to 2026 The Global electric vehicle charging infrastructure market is anticipated to reach USD 56.9 billion by 2026, according to a new study published by Polaris Market Research. The report ‘Electric Vehicle Charging Stations Market By Charger Type (Slow Charger, Fast Charger); By Connector Protocol (CHAdeMO, Combined Charging System, Others); By Charging Method (AC Charging, DC Charging); By Application (Commercial, Home); By Regions – Segment Forecast, 2020 – 2026‘ provides insights on the current market scenario and the future prospects. Owing to the increasing adoption of the electric vehicles globally due to their reduced costs, increasing fuel prices, and increasing government initiatives such as subsidies and tax benefits along with strict environmental norms, the electric vehicle charging infrastructure market is projected to gain traction over the forecast period. In 2019, Asia Pacific region dominated the market by accounting the majority share in this market. There has been a significant increase in the adoption of electric vehicles (EVs) especially in the cars segment. Major companies are working towards developing and launching new EV models with advance research and development due to the growing demand. This scenario has credited the growth of the EV charging infrastructure market.
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Electric Vehicle Charging Stations Market Scope By Connector Protocol
By Charger Type
• CHAdeMo • Combined Charging
By Charging Method
By Application
By Region
• Slow Charger • AC Charging
• Commercial
• North America (U.S., Canada)
• Fast Charger
• Residential
• DC Charging
System • Others
• Europe (Germany, UK, France, Spain, Italy, Netherlands) • Asia Pacific (China, India, Japan, Korea Thailand, Singapore, Malaysia) • Latin America (Mexico, Brazil) • Middle East & Africa (Saudi Arabia, UAE, Nigeria, South Africa)
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Electric Vehicle Charging Stations Market Estimate & Forecast to 2026 Development of advanced DC chargers which can charge the EVs in less than 30 minutes are further helping the market to grow. Connectors such as CHAdeMO and Combined Charging System (CSS) along with superchargers developed by Tesla Motors, Inc are further fueling the growth of this market. In addition, the advancements in the charger type for creating fast charging arrangements are projected to drive the market development. Major companies profiled in the report include ChargePoint, Inc., Schneider Electric SE., Tesla Motors, Inc., Delphi Automotive LLP, SemaConnect, Inc., SemaConnect, Inc., Leviton Manufacturing Co, Inc., General Electric, ABB Limited and AeroVironment, Inc. among others. These companies introduced new technologies and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of the consumers. Key Findings from the study suggest Asia Pacific region is expected to command the market over the forecast years. Major automobile manufacturers are seen to be vigorously investing in advancing EV charging framework. Access Research Report On
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Electric Vehicle Charging Stations Market Size
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