Title: $5 Billion Electric Vehicle Charging Stations Market, 2023: Market to Grow at a CAGR of 41.8% - Government Funding, Subsidies, and Incentives Expected to Drive the Market | Markets Insider
Headings: $5 Billion Electric Vehicle Charging Stations Market, 2023: Market to Grow at a CAGR of 41.8% - Government Funding, Subsidies, and Incentives Expected to Drive the Market
$5 Billion Electric Vehicle Charging Stations Market, 2023: Market to Grow at a CAGR of 41.8% - Government Funding, Subsidies, and Incentives Expected to Drive the Market
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Content: The emphasis from local governments to increase the adoption of EVs and encouraging startup companies to develop new products are some of the main factors driving the demand for electric vehicle charging stations in APAC. For instance, according to Fitch, a leading rating agency, EV subsidies offered in China are the second best in the world after Norway. Another initiative, known as preferential vehicle licensing system, would help EV buyers in China get license plates for free and without a waiting period. Favorable business environmental policies, such as Made in China 2025, are also helping startup companies to enter into the EV market in China. For instance, in December 2017, Iconiq, a Chinese EV startup company, announced that the company will start production of its 7-seater SUV electric car-Iconiq 7-in 2019. Another startup, NIO, backed by Tencent, Baidu, and Xiaomi launched its 7-seater EV ES8 in December 2017. The price of the vehicle is about half of Tesla's Model X.
ChargePoint (US), ABB (Switzerland), Tesla (US), Engie (France), and AeroVironment (US) are the top electric vehicle charging station manufacturing companies. These players focus on product launches and developments, expansions, and partnerships strategies to enhance their product and service offerings, and expand their business globally. Key Topics Covered: 1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Electric Vehicle Market, By Vehicle Type
4.2 Electric Vehicle Charging Stations Market, 2018-2023 (USD Million)
4.3 Electric Vehicle Charging Stations Market, By Charging Station
4.4 Electric Vehicle Charging Stations Market, By Installation Type
4.5 Electric Vehicle Charging Stations Market, By Geography
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Government Funding, Subsidies, and Incentives Expected to Drive the EV and EV Charging Stations Market
5.2.1.2 Growing Demand for Electric Vehicles Increases the Adoption of EV Charging Stations
5.2.1.3 Growing Concern Toward Environmental Pollution
5.2.1.4 Heavy Investment From Automakers in EVs
5.2.2 Restraints
5.2.2.1 High Price and Small Distance Covered By EVs
5.2.2.2 Lack of Standardization
5.2.3 Opportunities
5.2.3.1 Use of Vehicle-To-Grid (V2G) EV Charging Stations for Electric Vehicles
5.2.3.2 EV Charging Stations Powered By Solar Panels
5.2.4 Challenges
5.2.4.1 High Cost of Equipment and Installation
5.2.4.2 Stringent Rules for Installation of Charging Stations
6 Industry Tends
6.1 Introduction
6.2 Value Chain Analysis
6.3 Batteries Used in Electric Vehicles
6.3.1 Lead-Acid Battery
6.3.1.1 Advantages of Lead-Acid Battery
6.3.1.2 Disadvantages of Lead-Acid Battery
6.3.2 Nickel-Metal Hydride Battery
6.3.2.1 Advantages of NI-MH Battery
6.3.2.2 Disadvantages of NI-MH Battery
6.3.3 Lithium-Ion Battery
6.3.3.1 Advantages of Lithium-Ion Battery
6.3.3.2 Disadvantages of Lithium-Ion Battery
6.3.4 Solid-State Battery
7 EV Market Analysis, By Vehicle Type
7.1 Introduction
7.2 Battery Electric Vehicle (BEV)
7.3 Plug-In Hybrid Vehicle (PHEV)
7.3.1 Series PHEV
7.3.2 Parallel PHEV
8 EVCS Market Analysis, By Charging Station
8.1 Introduction
8.2 Ac Charging Station
8.2.1 Level 1 Charging Station
8.2.2 Level 2 Charging Station
8.3 DC Charging Station
8.4 Inductive Charging Station-An Upcoming Technology
9 Standards of Electric Vehicle Charging Stations
9.1 Introduction
9.2 Sae J1772
9.3 Chademo
9.4 Tesla Supercharger
9.5 GB/T
9.6 CCS
9.7 IEC 62196
10 EVCS Market Analysis, By Installation Type
10.1 Introduction
10.2 Residential
10.3 Commercial
11 EVCS Market Analysis, By Geography
12 Competitive Landscape
12.1 Overview
12.2 Market Ranking Analysis of EV Charging Station Manufacturers
12.3 Competitive Situations & Trends
12.3.1 Contracts & Acquisitions
12.3.2 Collaborations & Partnerships
12.3.3 Product Launches
12.3.4 Expansions
13 Company Profiles
13.1 Introduction
13.2 Key Players
13.2.1 ABB
13.2.2 Aerovironment
13.2.3 Chargepoint
13.2.4 Engie
13.2.5 Tesla
13.2.6 Schneider Electric
13.2.7 Siemens
13.2.8 Efacec
13.2.9 EVGO
13.2.10 Leviton
13.3 Key Innovators
13.3.1 Alfen
13.3.2 Allego
13.3.3 Blink Charging
13.3.4 Clipper Creek
13.3.5 Semaconnect
13.3.6 Tgood
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