Electric Vehicle Charging Equipment Market
Electric Vehicle Charging Equipment Market Global Industry Assessment & Forecast
Segments Covered
- By Product Level 2, DC Fast Charging
- By Application Residential, Commercial, Public Charging, Others
Snapshot
Forecast Years: | 2021 - 2028 |
Historical Years: | 2016 - 2020 |
Revenue 2021: | 18.84 Billion |
Revenue 2028: | 168.52 Billion |
Revenue CAGR (2021 - 2028): | 31.51 |
Fastest Growing Region (2022 - 2028) | North America |
Customization Offered
- Cross-segment Market Size and Analysis for Mentioned Segments
- Additional Company Profiles (Upto 5 With No Cost)
- Additional Countries (Apart From Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request Customization Speak To Analyst
Research Methodology: Electric Vehicle Charging Equipment Market - Global Market Assessment, 2021 - 2028
Electric Vehicle Charging Equipment Market study involves the combination of secondary and primary research for data collection and utilizes a robust and veracious methodology to attain results on quantitative and qualitative analysis for specific market research studies. Moreover, Vantage Market Research utilizes tried and tested approaches to arrive at market-related projections. The research methodology is based on the 3-dimensional model consisting of 3 phases namely: Secondary Research, Primary Research, and Data Triangulation. After the exhaustive secondary research, the procured information is revalidated through primary research.
Secondary Research
Primary Research:
The primary research was conducted to gather further information and revalidate the data collected from the secondary research. Moreover, primary research is also conducted to identify key players in the market and to gather their market-specific financial information. A typical primary interview fulfills data requirements pertaining to first-hand information on global market size, regional and segmental trends, competitive landscape expertise development, and market understandings among others.
Data Triangulation and Market Size Estimations
Top-down and bottom-up approaches are used to validate and estimate the market size of the Electric Vehicle Charging Equipment market. After the determination of the overall market size, the market is divided into various segments and sub-segments. Moreover, these same approaches mentioned above were used to derive and estimate market numbers for mentioned segments/sub-segments in the market. The data was triangulated by employing various data models and statistical techniques to arrive at exact statics and market size for each segment/sub-segment of the market. Moreover, region-wise product mapping analysis was used to gain some more insights on the competitive trend in the global Electric Vehicle Charging Equipment market.
FAQ
Frequently Asked Question
What is the global demand for Electric Vehicle Charging Equipment in terms of revenue?
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The global Electric Vehicle Charging Equipment valued at 18.84 Billion in 2020 and is expected to reach 168.52 Billion in 2028 growing at a CAGR of 31.51%.
Which are the prominent players in the market?
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The prominent players in the market are Efacec, Signet, Bosch, AeroVironment, ClipperCreek, ECOtality, Leviton, Nissan, ABB, Fuji Electric, Webasto Charging Systems, Coulomb Technologies, Eaton Corporation Plc., General Electric, Schneider Electric, Evatran, Blink Charging Co., Hitachi, Elektromotive, Siemens..
At what CAGR is the market projected to grow within the forecast period?
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The market is project to grow at a CAGR of 31.51% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
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The driving factors of the Electric Vehicle Charging Equipment include
- The rising sale of electric vehicles is anticipated to augment the global electric vehicle charging equipment market in the years to come. This is attributable to the government subsidies and purchase shares on non-electric vehicles in huge cities. Furthermore, the presence of major companies in electric vehicle sector, such as Nissan, Tesla, Chevrolet and Toyota, among others mainly in the United States, United Kingdom, Germany, and China is anticipated to support the growth of the market over the forecast period.
- The increasing environmental pollution treated as an alarming issue and increasing vehicle range per charge is further expected to support the growth of the market in near future.
Which region accounted for the largest share in the market?
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North America was the leading regional segment of the Electric Vehicle Charging Equipment in 2020.