The electric vehicle (EV) infrastructure market has experienced
robust growth as the global transition towards cleaner
transportation accelerates. This expansion is primarily driven by
increasing government incentives, stringent emissions regulations,
and growing environmental awareness among consumers.
WILMINGTON, Del., Sept. 17, 2024 /PRNewswire/ -- Allied Market
Research published a report, titled, "Electric
Vehicle Infrastructures Market by Charger Type (Slow
Charger and Faster Charger), Installation Type (Fixed and
Portable), Connector (CHAdeMO, CCS and Others), Deployment (Private
and Public), Application (Commercial and Residential): Global
Opportunity Analysis and Industry Forecast, 2024-2033".
According to the report, the electric vehicle infrastructures
market was valued at $24.6 billion in
2023, and is estimated to reach $270.5
billion by 2033, growing at a CAGR of 27.6% from 2024 to
2033.
The global electric vehicle infrastructure market is witnessing
rapid growth, driven by the increasing adoption of electric
vehicles worldwide. Governments and private enterprises are
investing heavily in expanding charging networks to meet the rising
demand for EVs. This growth is bolstered by supportive policies and
incentives aimed at reducing carbon emissions and combating climate
change. Technological advancements in charging solutions, such as
fast charging and wireless charging, are further enhancing the
convenience and feasibility of EV ownership. Additionally,
partnerships between automakers, energy companies, and technology
providers are fostering the development of integrated and
innovative charging solutions. As a result, the global EV
infrastructure market is expected to witness continued expansion,
playing a crucial role in the transition to sustainable
transportation.
Request Sample of the Report on Electric Vehicle
Infrastructures Market Forecast 2033:
https://www.alliedmarketresearch.com/request-sample/A73347
Prime determinants of growth
The market is in a high growth stage, and the rate of expansion
is accelerating. The electric vehicle charging infrastructure
market infrastructure market is characterized by high levels of
innovation and quickly growing technology developments.
Technological breakthroughs, such as improvements in charging
infrastructure and battery technology, are making electric vehicles
more convenient and practical for daily usage. Opportunities exist
in the use of V2G-enabled EV charging stations. However, lack of
standardization of charging stations restrains market growth.
By Charger Type
The fast charger segment is expected to experience rapid
growth throughout the forecast period.
By charger type, the fast charger segment is anticipated to
experience faster growth in the electric vehicle infrastructure
market due to the This rise is due to various governments'
increasing initiatives to accelerate the implementation of public
fast-charging infrastructure. Most organizations have installed
Level 3 DC fast chargers or Level 2 AC charging stations, which can
fully charge an electric vehicle in 30 minutes to 4 hours.
Furthermore, automakers are emphasizing the installation of
electric vehicle charging stations for their employees as part of
their attempts to increase awareness about their electric vehicles
and public charging stations.
Procure Complete Report (324 Pages PDF with In-depth
Insights, Charts, Tables, and Figures):
https://www.alliedmarketresearch.com/checkout-final/electric-vehicle-infrastructures-market-A73347
By Installation Type
The fixed segment is expected to experience rapid growth
throughout the forecast period.
By installation type, the fixed segment is anticipated to
experience growth in the electric vehicle infrastructure market,
owing to its ability to provide reliable and consistent charging
solutions in various locations, including residential, commercial,
and public areas. Fixed charging stations offer higher power
outputs compared to mobile solutions, enabling faster charging
times which are essential for the convenience of EV users. The
increasing adoption of electric vehicles in urban areas is driving
the demand for accessible and strategically placed fixed charging
infrastructure.
By Connector
The others segment is expected to experience rapid growth
throughout the forecast period.
By connector, in 2023, the others sector had the most market
revenue share. This category comprises connectors such as GB/T,
Mennekes, J1772, and others. This segment's dominance is due to
China's widespread use of GB/T
connections. The GB/T connector is China's official EV plug standard, and it is
utilized by all EV chargers. High EV sales, combined with a high
presence of EV charging infrastructure in China, are expected to drive segment
growth.
By Deployment
The public segment is expected to experience rapid growth
throughout the forecast period.
By deployment, the public segment is anticipated to experience
growth in the electric vehicle infrastructure market, owing to its
ability to provide reliable and consistent charging solutions in
various locations, including residential, commercial, and public
areas. As more cities and countries set ambitious targets for
reducing carbon emissions and transitioning to electric mobility,
there is a heightened demand for the development of EV charging
networks and supporting infrastructure. Public sector investments
are crucial for expanding charging station coverage, particularly
in urban areas and along major transportation corridors, making EV
adoption more feasible and convenient for consumers. Additionally,
government incentives and policies aimed at promoting green energy
and reducing reliance on fossil fuels further drive this
growth.
By Application
The commercial segment is expected to experience rapid growth
throughout the forecast period.
By application, the commercial segment is anticipated to
experience growth in the electric vehicle infrastructure market,
owing to its critical role in supporting the widespread adoption of
electric vehicles across various sectors. Commercial charging
stations, located in workplaces, retail centers, parking garages,
and other public venues, offer convenient access for EV users,
encouraging more consumers and businesses to transition to electric
vehicles. The rise of fleet electrification in logistics,
ride-sharing, and public transportation is driving the need for
robust commercial charging solutions.
By Region
Asia-Pacific to maintain its
dominance by 2033.
Region wise, Asia-Pacific is
expected to maintain its dominance in the electric vehicle
infrastructure market by 2033 owing to robust owing to robust
government initiatives, substantial investments in sustainable
transportation, and rapid urbanization. Governments across the
region, particularly in China,
Japan, and South Korea, are implementing policies and
subsidies to promote the adoption of electric vehicles and the
expansion of EV charging networks. The commitment to reducing
carbon emissions and combating air pollution is driving large-scale
deployments of EV infrastructure. Additionally, the increasing
collaboration between public and private sectors is accelerating
the development of advanced and extensive charging networks.
Players: -
- ChargePoint, Inc.
- ABB Ltd.
- Tritium DCFC Limited
- Delta Electronics, Inc.
- BTC Power
- Siemens
- Schneider Electric
- Eaton Corporation plc
- bp pulse
- Webasto Group
- Tesla Inc
The report provides a detailed analysis of these key players in
the global electric vehicle infrastructure market. These players
have adopted different strategies such as new product launches,
collaborations, expansion, joint ventures, agreements, and others
to increase their market share and maintain dominant shares in
different regions. The report is valuable in highlighting business
performance, operating segments, product portfolio, and strategic
moves of market players to showcase the competitive
scenario.
Make an Inquiry for Further Details of Report:
https://www.alliedmarketresearch.com/electric-vehicle-infrastructures-market/purchase-options
Recent Industry News
- In February 2023, ChargePoint
Holdings, Inc. and Fisker, Inc., an automobile company, announced
an agreement to improve the driving experience of Fisker Ocean
drivers. The partnership aims to ensure that Fisker Ocean drivers
can access charging facilities conveniently and seamlessly.
- In February 2023, bp pulse
unveiled plans to invest $1 billion
in the development of electric vehicle (EV) charging stations in
the U.S. by 2030, with a significant aspect of the investment
dedicated to collaborating with The Hertz Corporation on the
construction of fast-charging infrastructure at The Hertz
Corporation's facilities in prominent cities such as Austin, Atlanta, Boston, Denver, Chicago, New York
City, Houston, Miami, San
Francisco, and Washington,
DC.
AVENUE- A Subscription-Based Library (Premium on-demand,
subscription-based pricing model) Offered by Allied Market
Research:
AMR introduces its online premium subscription-based library
Avenue, designed specifically to offer cost-effective, one-stop
solution for enterprises, investors, and universities. With Avenue,
subscribers can avail an entire repository of reports on more than
2,000 niche industries and more than 12,000 company profiles.
Moreover, users can get an online access to quantitative and
qualitative data in PDF and Excel formats along with analyst
support, customization, and updated versions of reports.
Get an access to the library of reports at any time from any
device and anywhere. For more details, follow the link:
https://www.alliedmarketresearch.com/library-access
About Us
Allied Market Research (AMR) is a full-service market research
and business-consulting wing of Allied Analytics LLP based in
Portland, Oregon. Allied Market
Research provides global enterprises as well as medium and small
businesses with unmatched quality of "Market Research Reports" and
"Business Intelligence Solutions." AMR has a targeted view to
provide business insights and consulting to assist its clients to
make strategic business decisions and achieve sustainable growth in
their respective market domain.
We are in professional corporate relations with various
companies and this helps us in digging out market data that helps
us generate accurate research data tables and confirms utmost
accuracy in our market forecasting. Allied Market Research CEO
Pawan Kumar is instrumental in
inspiring and encouraging everyone associated with the company to
maintain high quality of data and help clients in every way
possible to achieve success. Each and every data presented in the
reports published by us is extracted through primary interviews
with top officials from leading companies of domain concerned. Our
secondary data procurement methodology includes deep online and
offline research and discussion with knowledgeable professionals
and analysts in the industry.
Contact:
David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
USA/Canada (Toll
Free):
+1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-800-792-5285
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
AMR Resource Center:
https://www.alliedmarketresearch.com/resource-center
Logo:
https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg
View original
content:https://www.prnewswire.co.uk/news-releases/electric-vehicle-infrastructures-market-to-reach-270-5-billion-globally-by-2033-at-27-6-cagr-allied-market-research-302250096.html