Jun 24, 2021 (AmericaNewsHour) -- Research Nester published a report titled "North America, China, Japan, and Germany Electric Vehicle Charging Station Infrastructure Market: Demand Analysis & Opportunity Outlook 2029" which delivers detailed overview of the North America, China, Japan, and Germany electric vehicle charging station infrastructure market in terms of market segmentation by type of charging station, level of charging, type of connector, type of charger, and by application.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The North America, China, Japan, and Germany electric vehicle charging station infrastructure market is segmented by type of charger into slow, moderate, fast, and ultra-fast, out of which, the fast charger segment is anticipated to hold the largest market share by the end of 2021, on account of the ability of the fast charger to protect the batteries of the vehicle while charging them, along with the growing need amongst the end-users for chargers that can charge their vehicles at a shot span of time.
The North America, China, Japan, and Germany electric vehicle charging station infrastructure market is projected to exhibit a significant CAGR during the forecast period, i.e., 2021-2029, owing to the increasing sales of electric vehicles (EVs), battery electric vehicles (BEVs), and plug-in hybrid electric vehicles (PHEVs) among others. In the United States, the sales of Electric Vehicles reached 242,000 in the year 2019 from 10,100 vehicles in 2011, according to the statistics by the Bureau of Transportation Statistics (BTS) of the United States Department of Transportation (DoT). Moreover, favorable initiatives adopted by the government of these geographical areas to develop an infrastructure for vehicle charging, along with the need to curb vehicular pollution are some of the additional factors anticipated to drive the market growth.
The market in China is projected to hold the largest market share on account of the nation having a significant amount of EVs, and therefore the need for a well-developed charging infrastructure. The market in North America, on the other hand, is primarily driven by the United States, on account of the nation being one of the largest exporters of EVs globally. Moreover, presence of several key players in the region is also anticipated to drive the market growth in the region.
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Increasing Funding of the Government of the Geographical Areas for Developing EV Charging Stations to Help Drive the Growth of the Market
The government of the geographical areas, namely, North America, China, Japan and Germany, are formulating strategies and initiatives that are allowing them to raise their investments for the development of the infrastructure of electric vehicle charging stations. In these areas, most of the cost of developing the infrastructure are beard by the government. Moreover, increasing collaboration with private entities that encourage the development of this infrastructure, along with the other favorable initiatives, such as low-cost electricity to the suppliers of the charging stations among others, are anticipated to drive the market growth throughout the forecast period.
However, the high cost of the charging stations, along with the unavailability of a universal connector plug are some of the factors expected to operate as key restraint to the growth of North America, China, Japan, and Germany electric vehicle charging station infrastructure market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the North America, China, Japan, and Germany electric vehicle charging station infrastructure market which includes company profiling of Leviton Manufacturing Co., Inc., SemaConnect Inc., Schneider Electric (otcmkts:SBGSY), Siemens (otcmkts:SIEGY), Tesla, Inc. /zigman2/quotes/203558040/composite TSLA +1.75% , Shell International B.V., Blink Charging Co. /zigman2/quotes/205311237/composite BLNK -5.27% , Webasto Charging Systems, Inc., ChargePoint, Inc. /zigman2/quotes/214140886/composite CHPT -3.04% , ABB Ltd. /zigman2/quotes/209404356/composite ABB +1.07% . The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the North America, China, Japan, and Germany electric vehicle charging station infrastructure market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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The post North America, China, Japan, and Germany Electric Vehicle Charging Station Infrastructure Market Industry Analysis, Size, Growth, Trends, and Forecast 2029 appeared first on America News Hour .
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