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Electric Vehicle Charging Infrastructure Market Demand, News and Size 2024

The electric vehicle charging infrastructure market size has the potential to grow by USD 17.64 billion during 2020-2024, and the marketu2019s growth momentum will accelerate during the forecast period because of the steady increase in year-over-year growth.<br><br>Get Sample of the Report: https://www.technavio.com/talk-to-us?report=IRTNTR43062&type=sample&src=report

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Electric Vehicle Charging Infrastructure Market Demand, News and Size 2024

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  1. Downloaded from: justpaste.it/3j3eo Electric Vehicle Charging Infrastructure Market Application and Demand 2024 The electric vehicle charging infrastructure market size has the potential to grow by USD 17.64 billion during 2020- 2024, and the market’s growth momentum will accelerate during the forecast period because of the steady increase in year-over-year growth. Get Sample of the Report: https://www.technavio.com/talk-to-us? report=IRTNTR43062&type=sample&src=report This report provides a detailed analysis of the market by type (AC and DC) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape. It offers information on several market vendors, including 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. Market Overview The electric vehicle charging infrastructure market is fragmented and includes international and regional EV charging infrastructure vendors. There are a lot of growth opportunities primarily due to the increase in government support for the adoption of EVs and EV charging infrastructure across the globe. Therefore, several vendors are investing in product launches and mergers and acquisitions to cater to the growing demand and to increase their market share. Vendors are also investing in strategic alliances and acquiring other enterprises to cater to the growing demand from end-users as well as to increase their geographic presence. In addition, due to the vast amount of opportunities, vendors in the market will try to gain market share by offering advanced products or expand their business to new regions. ABB Ltd., BP Plc, and ChargePoint Inc. are some of the major market participants. Although the growing production of EVs will offer immense growth opportunities, the lack of standardization and infrastructure will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. To help clients improve their market position, this electric vehicle charging infrastructure market forecast report provides a detailed analysis of the market leaders. It offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and provides information on the products offered by various companies. Moreover, this market analysis report also includes information on the upcoming electric vehicle charging infrastructure market trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities. Electric Vehicle Charging Infrastructure Market: Key Drivers and Trends

  2. Rising concerns about environmental pollution are encouraging countries to shift from diesel- or petrol-based vehicles to EVs. A fully electric vehicle has zero tailpipe emissions, and this makes them cleaner, greener, and better for the environment than petrol or diesel vehicles. As a result, the demand for EVs has increased. For instance, the sales of EVs grew by 114,532 units in Q1 of 2018 from Q1 of 2017. The increase in the production of EVs will drive the demand for EV charging infrastructure, thus supporting electric vehicle charging infrastructure market growth during the forecast period. The growth of the global EV market has driven the need for the installation of EV charging infrastructure. Few players in the EV market are focusing on investing in the installation improved EV charging station infrastructure. In November 2019, ABB Ltd. (ABB) supported Vattenfall AB, a European energy company, to develop a comprehensive EV charging network in Sweden. In November 2019, EFACEC Power Solutions SGPS SA (EFACEC) was selected to supply 95 fast chargers for EVs. The chargers will be installed in the Baden-Württemberg region in Germany. Such investments are aimed at increasing the number of EV charging infrastructure, fueling the market growth. The electric vehicle charging infrastructure market will register a CAGR of 52%.

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