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(Transportation-News.com, September 18, 2018 ) According to Verified Market Intelligence, the Global Electric Vehicle Charging Stations Market was valued at USD 3.07 Billion in 2017 and is projected to reach USD 41.77 Billion by 2025, growing at a CAGR of 38.8% from 2018 to 2025.
An electric vehicle charging station is a component of infrastructure that is responsible for supplying electricity for the recharging of electric vehicles such as plug-in electric vehicles that includes-electric cars, plug-in hybrids and neighborhood electric vehicles. It is also known as EV charging station, electric recharging point or charging point or Electric Vehicle Supply Equipment (EVSE). Most of the charging stations are present on a street that is usually provided by the electric utility companies or nearby retail shopping centers. It is available in a wide range of connectors in order to meet standards of diversified electric charging connectors.
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Increased funding by the government, raising a concern for environmental pollution and increasing demand for electric vehicles results in growing number of charging stations have been driving the global electric vehicle charging stations market. While high cost, coverage of small distance by EVs and lack of stabilization might hinder the overall growth at a global level.
The “Global Electric Vehicle Charging Stations Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as ABB, Aerovironment, Chargepoint, Engie, Tesla, Schneider electric, Siemens and Efacec. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis.
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