Global Electric Vehicle Supply Equipment Market Consumer Needs, Trends and Drivers Analysis and Forecast to 2026
Market Summary : • The Electric Vehicle Supply Equipment (EVSE) Market is expected to reach USD 19.99 Billion by 2026, according to a new report by Reports and Data. Electric Vehicle Supply Equipment is also known as an electric charging point or electric vehicle charging station. • Market Size – USD 1.94 Billion in 2018, Market Growth - CAGR of 33.9%, Market Trends –Implementation of electric vehicle supply equipment to control environmental hazards. • The commercial end user segment is expected to witness the highest CAGR of 34.1% during the forecast period. • The commercial segment is expected to adopt EVs as many actions like implementing fast charging points have been offered by the manufacturers to improve the existing EVs and to make the EVSE more suitable for long-distance travel. • The Governments of Germany, USA, and Russia have also provided subsidies to execute the same. • The cost of installing charging infrastructure and performance of vehicles is also expected to drive the growth during the forecast period.
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Leading Players: Bosch Automotive Service Solution Inc, Eaton, Liberty Plugins, Chargemaster PLC, ClipperCreek, NRG EVgo, ChargePoint, FullCharger, Elektromotive, Circontrol, Tesla Motors, ABB, Blink Charging Segmentation: • Level Outlook (Volume, Thousand Units; and Revenue, USD Million; 2016-2026): Level 1, Level 2, Level 3 • End User Outlook (Volume, Thousand Units; and Revenue, USD Million; 2016-2026):Residential, Commercial, Train stations, Government buildings • Equipment TypeOutlook (Volume, Thousand Units; and Revenue, USD Million; 2016-2026): Portable , Charger, Fixed charger Regional Vehicle Access Control Market (Regional Output, Demand & Forecast by Countries):• North America (United States, Canada, Mexico) • South America (Brazil, Argentina, Ecuador, Chile) • Asia Pacific (China, Japan, India, Korea) • Europe (Germany, UK, France, Italy) • Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) and More.
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The report emphasizes the following key questions: • Q.1.What are the most lucrative and promising growth prospects for the market? • Q.2.Which sectors are expected to deliver a high growth rate and which industry aspects come into play in this advancement? • Q.3.Which geographies are estimated to exhibit the highest growth and the underlying causes? • Q.4.Which factors are impacting the future of the market and what are the driving factors? • Q.5.What are the hurdles and challenges curtailing the industry’s growth in the forecast period?
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