Press "Enter" to skip to content

Worldwide Electric Vehicle Charging Station Industry to 2027 – Featuring Chargepoint, Siemens and EV Connect Among Others – ResearchAndMarkets.com – Yahoo Finance

DUBLIN, February 22, 2022–(BUSINESS WIRE)–The "Electric Vehicle Charging Station Market by Application (Public, Private), Level of Charging, Charging Point Type, Infrastructure, Service Type, Installation, Electric Bus Charging, DC Fast Charging, IOT Connectivity and Region – Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The global electric vehicle charging station market size is projected to grow from 2,354 thousand units in 2022 to 14,623 thousand units by 2027, at a CAGR of 44.1%.
Public Chargers will be the fastest growing market during the forecast period.
The availability of public EV charging plays an important role to purchase electric vehicles across the globe. Public charging and access to fast charging are viewed as key criteria when buying an electric vehicle. This is anticipated to bolster revenue growth for the public charging segment. The Asia Pacific region continues to install public chargers at a significant rate due to the rising number of EV users, especially in China, India, and South Korea. These countries have implemented policies to increase the usage of EVs by providing subsidies and reduced taxes.
They also encourage the growth of EV manufacturers and related industries by providing grants or implementing preferential policies for EV-related companies to enable them to expand faster. A steady surge in economic growth, urbanization, travel demand, etc., coupled with increasing investments toward electric mobility to contribute to energy storage and environmental sustainability is anticipated to bolster the growth of the public charging station segment.
Asia Pacific is expected to be the largest and fastest-growing market during the forecast period.
The Asia Pacific region comprises of countries such as China, India, Japan and South Korea. The region is home to some of the fastest-developing economies of the world, such as China and India. The governments of these emerging economies have recognized the growth potential of the global electric vehicle charging station market and, hence, have adopted various initiatives to attract major OEMs for the manufacture of electric vehicle charging infrastructure in domestic markets. For instance, charging network providers for EV charging stations have partnered with various OEMs to sponsor free EV charging to EV drivers. This has led to an increase in electric vehicle production in recent years, which caters to domestic as well as overseas demand. Japan and China export electric vehicles and charging solutions across the globe.
Europe to be the second-largest region during the forecast period
The major EV markets in Europe are Austria, Denmark, France, Germany, the Netherlands, Norway, Spain, Sweden, Italy, and the UK. Europe accounted for 24.78% of the global electric vehicle charging station market in 2021 by volume. Normal chargers have a higher share than fast chargers. The top five countries account for more than 83% of all chargers, and the rest is utilized in the rest of the countries. By August 2020, Europe had implemented stringent emission regulation standards to reduce the rising emission levels. Several countries in the region are promoting electric vehicles through significant incentives.
The demand for electric vehicle charging stations has increased significantly due to the focus on zero- or low-emission vehicles in the region. The region is home to electric vehicle charging station providers such as Schneider Electric, ABB, Siemens, Efacec, Engie, and various others. The UK announced plans to phase out petrol/diesel-based vehicles by 2030 and encourage the growth of EVs. Other European countries had implemented plans for the transition to EVs during the past decade.
Market Dynamics
Drivers
Rising Ev Sales Worldwide Will Increase Demand for Ev Charging Stations
Government Policies and Subsidies to Support Faster Setup of Ev Charging Stations
Increasing Vehicle Range Per Charge Will Boost Ev and Ev Charging Station Demand
Reducing Price of Evs in Global Market Will Boost Ev Sales and Evcs Demand
Restraints
Lack of Standardization of Charging Infrastructure
Primitive Power Grid Infrastructure
Opportunities
Use of V2G Ev Charging Stations for Electric Vehicles
Use of IoT and Smart Infrastructure in Ev Charging Stations for Load Management
Development of Ev Charging Stations Using Renewable Sources
Growing Demand for Battery Swapping Ev Charging Stations
Challenges
Higher Initial Cost of Evs Compared to Ice Vehicles
Stringent Rules for Installation of Ev Charging Stations
Significant Dependence on Fossil Fuel Electricity Generation & Limited Production in Developing Countries
Companies Mentioned
Abb
Chargepoint
Byd
Tesla
Shell
Schneider Electric
Siemens
Bp
Webasto
Engie
Eaton
Semaconnect
Efacec
Clippercreek
Opconnect
Volta
Ev Safe Charge
Ev Connect
Freewire Technologies
Allego
Ionity
Wallbox
Heliox
Spark Horizon
Dbt
Charge+
Delta
Tgood
For more information about this report visit https://www.researchandmarkets.com/r/kr3the
View source version on businesswire.com: https://www.businesswire.com/news/home/20220222005957/en/
Contacts
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
[email protected]

For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
This super investor is going against the herd. Maybe you should, too.
Last week, the S&P 500 finished Friday’s session with a rally that gave the index a small gain of 0.15% for the day. It was a good thing, too, since the index flirted with a net-20% loss during the session. That’s bear market territory, the kind of market move that will further spook investors after a springtime of headwinds. Inflation is running at 40-year high levels, Q1 showed a net economic contraction, Russia’s war on Ukraine promises to further damage supplies and prices in the food, cooki
"Are you kidding me?!" Vergara's former co-star Sarah Hyland reacted to the racy shot.
(Reuters) -Brazil's right-wing president Jair Bolsonaro fired the chief executive of oil producer Petrobras – the second in two months – after the company refused to sell fuels at a discount to consumers warning it would lead to diesel shortages. Bolsonaro also called for the election of a new board, according to a statement released close to midnight local time on Monday by the state-controlled company, opening the way to a full executive management shake-up. José Mauro Ferreira Coelho is the third Petrobras CEO fired by Bolsonaro over fuel prices.
(Bloomberg) — Snap Inc. cut its revenue and profit forecasts below the low end of its previous guidance, sending shares plunging as much as 31% and pushing other social media stocks down.Most Read from BloombergBroadcom in Talks to Acquire Cloud Company VMwareStocks Climb in Risk-On Day While Bonds Decline: Markets WrapBiden Misspeaks on Taiwan, Says US Military Would InterveneBiden’s Latest Taiwan Gaffe Stokes Tensions With BeijingRussian Diplomat Quits in Rare Public Protest Over War in Ukrai
The giants of Wall Street are looking at the same markets tumult, and drawing very different conclusions on when the carnage might end.
It's all about time in the market. Not timing the market.
(Bloomberg) — Dennis Gartman is telling prospective dip buyers to sell any rallies in US stocks during a bear market that he dates to the start of the year, and expects to last for many months.Most Read from BloombergBroadcom in Talks to Acquire Cloud Company VMwareStocks Climb in Risk-On Day While Bonds Decline: Markets WrapBiden Misspeaks on Taiwan, Says US Military Would InterveneWalmart’s Troubles Should Have Everyone on High AlertGoldman’s Solomon Says Subway Shooting of Employee a ‘Sensel
(Bloomberg) — The selloff in equities will reach a bottom once the Federal Reserve signals the end of tightening, which may not happen until recession is apparent, according to Goldman Sachs Group Inc. Most Read from BloombergBroadcom in Talks to Acquire Cloud Company VMwareStocks Climb in Risk-On Day While Bonds Decline: Markets WrapBiden Misspeaks on Taiwan, Says US Military Would InterveneRussian Diplomat Quits in Rare Public Protest Over War in UkraineBiden’s Latest Taiwan Gaffe Stokes Tens
Mizuho Managing Director Siti Panigrahi checks out Zoom's Q1 earnings, sustaining subscriber growth, and the communications technology company's business outlook.
The Russian ruble has emerged as the best-performing currency in 2022, despite wide-ranging sanctions imposed for its invasion of Ukraine. How did the Russian currency make a dramatic recovery from its record low of 143 rubles to the dollar on March 7? The rally, experts say, is largely artificial, the result of capital controls imposed by Moscow in the wake of Western sanctions.
Dow Jones futures were lower, while tech futures sold off late Monday. Stocks to buy and watch include Tesla supplier Livent.
The dreaded S&P 500 bear is nearly here. But don't think you need to hibernate to make money in a rough market.
Over the last two years, Nvidia (NVDA) has made a habit of delivering “beat and raise” earnings reports. With the chip giant reporting F1Q21’s financials after the close on Wednesday, May 25, are investors in for another treat? Not according to Susquehanna’s Christopher Rolland. “Unlike recent quarters,” said the 5-star analyst, “we believe any significant beat and raise may be capped by Gaming headwinds.” So, what are these headwinds constraining Nvidia’s biggest breadwinner? Well for one, reta
On an otherwise good day for financial stocks and the markets generally, shares of Upstart (NASDAQ: UPST), a fintech lending platform based on artificial intelligence (AI), were falling today, and were down around 7.2% as of 3:40 p.m. ET. On Friday, Wedbush analyst David Chiaverini, who already had an underperform rating on Upstart, lowered his price target even further, from $20 to $15. Chiaverini cited a Kroll rating of a recent Upstart securitization, or rather a lack thereof, as indicating Upstart's class B and C notes were showing increased delinquencies and credit deterioration.
Today we will run through one way of estimating the intrinsic value of Pinterest, Inc. ( NYSE:PINS ) by projecting its…
If a major recession is coming, the financial guru recommends some fast, concrete moves to protect your money.
The electric-car maker is breaking key support levels that fundamental investors might want to note.
Shares of oil tanker stock Nordic American Tankers (NYSE: NAT) fell as much as 21.3% in trading today after the company gave the market an update on operations. In a press release before the market opened, Nordic American Tankers' management said that they will announce first-quarter 2022 results before the market opens on May 31, 2022. Shares of Nordic American Tankers are up about 70% from their lows before Russia invaded Ukraine, which was a big driver of recent demand.
(Bloomberg) — JPMorgan Chase & Co. jumped by the most in 18 months on Monday after chief executive officer Jamie Dimon gave the country’s largest bank, and the US stock market, a boost with upbeat comments about the state of the economy.Most Read from BloombergBroadcom in Talks to Acquire Cloud Company VMwareStocks Climb in Risk-On Day While Bonds Decline: Markets WrapBiden Misspeaks on Taiwan, Says US Military Would InterveneRussian Diplomat Quits in Rare Public Protest Over War in UkraineWalm

source