Electric Vehicle Supply Equipment Market size was valued at US$ 3.2 Bn. in 2021 and the total revenue is expected to grow at 26.3% of CAGR through 2022 to 2029, reaching nearly US$ 20.72 Bn.
Electric Vehicle Supply Equipment Market - Key Trends, dynamics, Competitive Landscape, Product Benchmarking, and Latest Key Acquisitions and Mergers.
According to Maximize Market Research, a well-known provider of business research and consulting services, the global market for Electric Vehicle Supply Equipment size was valued at US$ 3.2 Bn. in 2021 and the total revenue is expected to grow at 26.3% of CAGR through 2022 to 2029, reaching nearly US$ 20.72 Bn.
The research report on the Electric Vehicle Supply Equipment market includes a projection for the years up to 2029 together with detailed information on the market's size, rate of growth, revenue, trends, and potential. The major factors influencing the development of this industry have also been properly considered. A thorough quantitative examination of the market was performed for this study, and the findings can be used to create policies that would foster growth and productivity.
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Electric Vehicle Supply Equipment Market Overview:
The most recent drivers, restraints, and opportunities in the Electric Vehicle Supply Equipment industry are the main topics of the in-depth corporate business research of the Electric Vehicle Supply Equipment market. After that, inquiries were made to renowned businesses to confirm the findings. Both free and commercial data sources are used in the secondary inquiry and analysis of the same. Reliable data sources, official government sources, and, in the case of publicly traded companies, financial reports of the company are used to collect information on each player's supply and consumption. The tax division of the local government may be allowed to ask firms for financial records even if they aren't typically available to the general public.
COVID-19 Impact:
The analysis provides more accurate and true estimations in accordance with the market realities by looking at the current and possible effects of the COVID-19 pandemic on the overall market. The extensive spreading of the coronavirus is causing distress. Almost all nations have put strong social segregation laws into place, like lockdowns. Significant supply outages have resulted from this. Everywhere, the disease's widespread impact has changed social structures. The COVID-19 has an impact on the market as a whole, and in 2019 and 2020, that impact will grow in step with the market's rate of expansion. The COVID-19 event has forced enterprises to manage risk and digitise operations in order to give trustworthy information and experiences to decision-makers. This is in line with the most recent MMR analysis, studies, and suggestions on management issues that are very important for businesses and organisations and have a significant effect on the market.
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Electric Vehicle Supply Equipment Market Key players:
• Liberty Plugins
• Chargemaster PLC
• NRG EVgo
• FullCharger
• Elektromotive
• Tesla Motors
• ABB
• Addenergie
• Aerovironment/Webasto Allego
• Andromeda
• Beam
• Blink Charging Co. (Car Charging Group)
• Bosch Automotive Service Solutions Inc.
• BTC Power (Innogy)
• Chargepoint
• Circontrol
• Clipper Creek
• Coritech
Key company and market share insights:
For the audience's advantage, the top rivals are highlighted here. The report looks at significant strategic choices that large companies make to keep their market-leading positions, including product portfolio strengthening, M&A, alliances, innovative, cutting-edge products, and international expansion. The report includes crucial financial data, fascinating insights, and the company's objectives. Users can also obtain information on the businesses' global sales, earnings, and profit margins from 2017 through 2022.
Electric Vehicle Supply Equipment Market Dynamics:
Electric vehicle charging infrastructure is critical to the mass adoption of electric vehicles, which results in growing support from governments around the world. Governments from various countries have also recognized the need to go electric in order to reduce pollution from automobiles, and several initiatives have been launched to provide EV charging stations around the world. For example, the Automotive Research Association of India (ARAI) planned to install more than 200 electric vehicle charging stations across the country. Furthermore, tata power (tata group India), an Indian electric utility company, supports the Indian government's national electric mobility mission. Tata Power established the first set of electric vehicles charging stations in Mumbai for the indies' growing EV economy and provides customers with easy access to energy-efficient options. Furthermore, developed countries such as the United States, the United Kingdom, and China have taken steps to improve charging networks across their respective states for electric vehicles in 2019 in order to promote better corporate governance and a smooth transition in the automotive industry. Furthermore, iot has begun an iterative process known as faster adoption and manufacturing of hybrid and electric vehicles II (FAME). According to this, incentives will be provided to promote local electric vehicle manufacturing and the electric vehicle supply equipment market.
Electric Vehicle Supply Equipment Market Segment:
By Type, Level 2 chargers are the most common; they charge faster but are more expensive than Level 1. Level 2 chargers can be found in workplaces, public areas, and private residences. Residential Level 2 chargers, while sold separately from the vehicle, are frequently purchased at the same time and usually require professional installation. Level 2 chargers charge faster due to their ability to handle voltages in excess of 200 volts and the amount of current supported by Level 2 chargers ranges from 12 to 80 amps (compared to Level 1 which are limited to 10–12 amps). They are the most common type found at public charging stations due to their faster-charging speed when compared to Level 1.
Regional Analysis:
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Maximize Market Research provides B2B and B2C research on 12,500 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Bever
Dec 05, 2022
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