EV Charging Infrastructure Market Growth Prediction, Investment Opportunity, Product Type and Forecast 2027
The global EV
Charging Infrastructure market is accounted to US$ 6.45 Bn in 2018 and
is expected to grow at a CAGR of 36.8% during the forecast period 2019 – 2027,
to account to US$ 95.98 Bn by 2027.
Europe is anticipated to be the fastest growing region, and
Asia-Pacific is to be the highest revenue contributor throughout the forecast
period in the EV Charging Infrastructure market. European countries: France,
Germany, the UK, the Netherlands, Norway, Switzerland, Belgium, and Denmark,
among others, have adopted EVs in significantly large quantities and are
continuing to foster.
The stringent rules and regulations to reduce the increasing
amount of CO2 in the air by European governments have led the population to
adopt a number of EVs, thereby, catalyzing the growth of installation of EV
charging infrastructures in the countries. The European region is making
significant strides in EV and EV charging infrastructure sectors year on year
is boosting the businesses of the market players operating in the EV Charging
Infrastructure market.
The trend of electric vehicle charging infrastructure is
growing at an exponential growth rate. The high adoption rate of electric
vehicle globally is demanding the requirement of quick and efficient charging
stations for charging of the electric vehicle. The Government globally is
focusing on taking various initiatives to develop and install EV charging
stations.
Top Companies
Mentioned: ABB, ABM Industries, Bosch Automotive Service Solution,
ChargePoint, DELTA ELECTRONICS, Driivz, EVbox, Leviton Manufacturing, Siemens,
Tesla
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