Global Electric Vehicle Charging Infrastructure Market 2020-2024
Technavio has been monitoring the electric vehicle charging infrastructure market and it is poised to grow by $ 17.64 bn during 2020-2024 progressing at a CAGR of 52% during the forecast period. Our reports on electric vehicle charging infrastructure market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the growing production of EVs, rise in government initiatives that support installation of EV charging stations and increase in investments by vendors to install EV charging infrastructure. In addition, growing production of EVs is anticipated to boost the growth of the market as well.
The electric vehicle charging infrastructure market analysis include type segment and geographic landscapes
Technavio's electric vehicle charging infrastructure market is segmented as below:
By Geographic Landscape
- North America
- South America
This study identifies the increasing investment in EV charging stations powered by renewable sources as one of the prime reasons driving the electric vehicle charging infrastructure market growth during the next few years. Also, emergence of wireless charging of EVs and proliferation of vehicle to grid (V2G) energy transfer will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our electric vehicle charging infrastructure market covers the following areas:
- Electric vehicle charging infrastructure market sizing
- Electric vehicle charging infrastructure market forecast
- Electric vehicle charging infrastructure market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading electric vehicle charging infrastructure market vendors that include ABB Ltd., BP Plc, ChargePoint Inc., E.ON SE, EnBW Energie Baden Wurttemberg AG, EVgo Services LLC, Royal Dutch Shell Plc, Siemens AG, The Mobility House GmbH, and Webasto SE. Also, the electric vehicle charging infrastructure market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.