EV Charging Infrastructure Market set to surge to a $121.33 billion valuation between 2022-2027, propelled by rising EV production - Technavio

    NEW YORK, NY, December 15, 2023 /24-7PressRelease/ -- The Electric Vehicle (EV) Charging Infrastructure Market is poised for substantial growth, anticipating an increase of USD 121.33 billion from 2022 to 2027, with an impressive CAGR of nearly 39.97%, according to Technavio's latest market research report. This surge is fueled by the surging production of electric vehicles (EVs), driven by global environmental concerns. With zero emissions, EVs offer a cleaner alternative to traditional vehicles, prompting automotive manufacturers to prioritize EV development to meet consumer demands and address emission control requirements. The rising production of EVs is expected to drive the demand for EV charging infrastructure, propelling market growth.

The report provides an up-to-date analysis of the current market scenario, highlighting the latest trends, drivers, and the overall market environment. For a comprehensive understanding, the Electric Vehicle (EV) Charging Infrastructure Market for 2023-2027 is segmented based on charging type (Fast Charger, Slow Charger), charger type (AC, DC), and geography (APAC, Europe, North America, South America, Middle East And Africa). Notably, the fast charger segment, also known as Direct Current (DC) chargers, is expected to experience substantial market share growth, representing a significant advancement in EV technology.

To assist businesses in enhancing their market position, Technavio offers a detailed analysis of approximately 25 companies operating in the market. Some key players include ABB Ltd., Alfen NV, Blink Charging Co., BP Plc, E.ON UK Plc, EV Connect, EV Safe Charge Inc, EVBox BV, EVgo Services LLC, Infineon Technologies AG, PG&E Corp., Phihong USA Corp., Polarium Energy Solutions AB, Schneider Electric SE, Shell plc, Shenzhen Atess Power Technology Co. Ltd., Siemens AG, The Mobility House GmbH, TotalEnergies SE, and Webasto SE.

Market trends such as powering EV charging stations through renewable energy are anticipated to emerge as primary drivers, while challenges include the lack of standardization and infrastructure. The report delves into areas such as market size, trends, and industry analysis.

Key Market Dynamics and Trends:

Wireless charging for EVs using inductive technology, employing magnetic coils with an air gap to transmit electrical energy, reducing reliance on large batteries.
Advantages include convenient charging while parked roadside or in motion, diminishing battery size, thereby cutting vehicle weight and costs.
Growing government and manufacturer investments in wireless EV charging development and implementation forecast market growth due to its user-friendly, cable-free approach.
Businesses can gain insights into successful strategies deployed by companies in the Electric Vehicle Charging Infrastructure Market by downloading the sample report. Unlock valuable information on market challenges and stay informed about the latest trends shaping the industry. Download the latest free sample report in minutes.

Related Reports:

Electric Vehicle (EV) Battery Market: Electric Vehicle Battery Market size is estimated to grow by USD 53,626.86 million between 2022 and 2027 accelerating at a CAGR of 19.57% during the forecast period.s

Electric Vehicle (EV) Market: Global Electric Vehicle (EV) Market size is estimated to grow by 25,927.15 thousand units between 2022 and 2027 accelerating at a CAGR of 37.45% during the forecast period.

TOC

1. Executive Summary
2. Market Landscape
3. Market Sizing
4. Historic Market Size
5. Five Forces Analysis
6. Market Segmentation by Type
7. Market Segmentation by Geography
8. Customer Landscape
9. Geographic Landscape
10. Drivers, Challenges, and Trends
11. Company Landscape
12. Company Analysis
13. Appendix

About US

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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