According to a new market report published by Lucintel, the future of the global EV charging station market looks promising with opportunities in the battery electric vehicle (BEV) and plug-in hybrid (PHEV) electric vehicle markets. The global EV charging station market is expected to decline in 2020 due to the global economic recession led by the COVID-19 pandemic. However, the market will witness recovery in the year 2021, and it is expected to grow at a CAGR of 32% from 2021 to 2026. The major drivers for this market are increasing production and demand for electric vehicles, government policies and subsidies, and environmental concerns.
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In this market, portable and fixed charging stations are used to charge electric vehicles. On the basis of comprehensive research, Lucintel forecasts that portable chargers will remain the largest segment, and it is also expected to witness the highest growth over the forecast period because portable chargers could be carried easily by the driver and can be used anywhere to charge the car whenever needed. Also, a portable charger eliminates the high cost associated with fixed stationary charging stations.
Within the global EV charging station market, the private charging station application segment is expected to witness the highest growth over the forecast period due to increasing use of electric vehicles by users.
APAC is expected to remain the largest market over the forecast period due to increasing electric vehicle infrastructure development, and government initiatives and funding towards commercialization of electric vehicles.
Tesla, BYD Auto, Siemens, Bosch, Schneider Electric SE, Leviton Manufacturing Co. Inc., and ABB are among the major suppliers of the EV charging station market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global EV charging station market by application, charging level, vehicle type, charging station type, installation type, and region, and has compiled a comprehensive research report titled “Growth Opportunities in the Global EV Charging Station Market 2021-2026: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global EV charging station market by application, charging level, vehicle type, charging station type, installation type, and region, as follows:
By Application [Value ($ Million) from 2015 to 2026]:
By Charging Level [Value ($ Million) from 2015 to 2026]:
By Vehicle Type [Value ($ Million) from 2015 to 2026]:
Battery Electric Vehicles (BEV)
Plug-In Hybrid Vehicles (PHEV)
By Charging Station Type [Value ($ Million) from 2015 to 2026]:
Normal Charging
Super Charging
Inductive Charging
By Installation Type [Value ($ Million) from 2015 to 2026]:
By Region [Value ($ Million) from 2015 to 2026]:
North America
Europe
France
Germany
United Kingdom
APAC
ROW
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.