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COVID-19 Impact on Electric Vehicle Charging Stations Market Exploring Future Growth 2019-2030 - ABB, Robert Bosch, Siemens

Global electric vehicle charging stations market accounted for over ~US$ 2.3 billion in 2019. It is anticipated to grow at a CAGR of ~34% from 2019 to 2030.

 

New York, NY -- (SBWIRE) -- 05/13/2020 -- Electric vehicle charging stations or electric vehicle supply equipment are the places where electric vehicles are charged. It is basically an equipment that attaches electric vehicle to the source of electricity for charging. These charging stations are witnessing constant improvements for more efficiency and increasing their capacity to charge the plug-in hybrids as well. The recent advancements in charging stations include cellular capabilities, smart metering, network connectivity, and other basics. They are mostly found at retail shopping places by private companies and at municipal parking places by electric utility firms. EV charging stations offer special connectors that charge according to the vehicle charging connector standards.

The significant growth of the market can be attributed to the increasing demand for electric vehicles and investments in electrification of both residential and commercial charging infrastructure by companies and government institutions. Moreover, increasing focus on development of electric infrastructure and rising concerns regarding emissions are anticipated to boost the growth of the electric vehicle charging stations market further during the forecast period. Extensive R&D studies and collaborations by major companies & governments across the globe, aimed towards improving safety & precision of electric vehicle charging stations, are expected to contribute considerably to the market.

Major Key Players of the Electric Vehicle Charging Stations Market are:
ABB, Robert Bosch, Siemens AG, Pod Point., BP Chargemaster, CHROMA ATE INC., and Shell, among others.

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For instance, in 2019, Energy Efficiency Service Ltd. (EESL) expanded its EV charging infrastructure across the national capital of India with the collaboration of South Delhi Municipal Corporation. Similarly, in April 2019, ABB launched the world's first fully electric, autonomous, 12-meter passenger bus in Singapore. Moreover, in 2019, according to TATA ELXSI white paper report, various national bodies of the Netherlands, China, Germany, and France, among others, have funded municipalities to install charging stations in collaboration with utility bodies.

The rising demand for electric vehicles and increasing investments made by governments across the globe to develop EV charging infrastructure is anticipated to propel the market during the forecast period. These investments creates opportunities for Original Equipment Manufacturers (OEMs) to expand their revenue stream and geographical presence. Moreover, investments by companies for electrification are expected to fuel the growth of the EV charging station market.

Major Types of Electric Vehicle Charging Stations covered are:
AC Charging Station
DC Charging Station

Major Applications of Electric Vehicle Charging Stations covered are:
Residential
Commercial

Research objectives:-

- To study and analyze the global Electric Vehicle Charging Stations consumption (value & volume) by key regions/countries, product type and application, history data.
- To understand the structure of the Electric Vehicle Charging Stations market by identifying its various sub-segments.
- Focuses on the key global Electric Vehicle Charging Stations manufacturers, to define, describe and analyze the sales volume, value, market share, market competitive landscape, SWOT analysis, and development plans in the next few years.
- To analyze the Electric Vehicle Charging Stations with respect to individual growth trends, future prospects, and their contribution to the total market.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

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Table of Content

1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered

2 Global Growth Trends
2.1 Electric Vehicle Charging Stations Market Size
2.2 Electric Vehicle Charging Stations Growth Trends by Regions
2.3 Industry Trends

3 Market Share by Key Players
3.1 Electric Vehicle Charging Stations Market Size by Manufacturers
3.2 Electric Vehicle Charging Stations Key Players Head office and Area Served
3.3 Key Players Electric Vehicle Charging Stations Product/Solution/Service
3.4 Date of Enter into Electric Vehicle Charging Stations Market
3.5 Mergers & Acquisitions, Expansion Plans

4 Breakdown Data by Product
4.1 Global Electric Vehicle Charging Stations Sales by Product
4.2 Global Electric Vehicle Charging Stations Revenue by Product
4.3 Electric Vehicle Charging Stations Price by Product

5 Breakdown Data by End User
5.1 Overview
5.2 Global Electric Vehicle Charging Stations Breakdown Data by End User

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In the end, Electric Vehicle Charging Stations industry report specifics the major regions, market scenarios with the product price, volume, supply, revenue, production, market growth rate, demand, forecast and so on. This report also presents SWOT analysis, investment feasibility analysis, and investment return analysis.

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