Electric Vehicle (EV) Charging Station Market Analysis Highlights the Impact of COVID-19 (2020-2024) | Growing Adoption of BEVs and PHEVs to Boost the Market Growth | Technavio
LONDON--(BUSINESS WIRE)--Jul 27, 2020--
Technavio has been monitoring the electric vehicle (EV) charging station market and it is poised to grow by USD 19.9 billion during 2020-2024, progressing at a CAGR of almost 34% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Electric Vehicle (EV) Charging Station Market 2020-2024 (Graphic: Business Wire)
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Frequently Asked Questions-
- Based on segmentation by type, which is the leading segment in the market?
- The AC charging station segment is expected to lead in the global market during the forecast period.
- What is the major trend in the market?
- Deployment of smart grids for EVs is a major growth factor for the market.
- At what rate is the market projected to grow?
- The market is projected to grow at a CAGR of almost 34%.
- Who are the top players in the market?
- ABB Ltd., ChargePoint Inc., Efacec Power Solutions SGPS SA, ENGIE SA, EVgo Services LLC, Leviton Manufacturing Co. Inc., Schneider Electric SE, Siemens AG, Tesla Inc., and Webasto SE are some of the major market participants.
- What is the key market driver?
- Growing adoption of BEVs and PHEVs is the major factor driving the market.
- How big is the APAC market?
- The APAC region will contribute 45% of the market share.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. ABB Ltd., ChargePoint Inc., Efacec Power Solutions SGPS SA, ENGIE SA, EVgo Services LLC, Leviton Manufacturing Co. Inc., Schneider Electric SE, Siemens AG, Tesla Inc., and Webasto SE are some of the major 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.
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The growing adoption of BEVs and PHEVs has been instrumental in driving the growth of the market.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Electric Vehicle (EV) Charging Station Market 2020-2024: Segmentation
Electric Vehicle (EV) Charging Station Market is segmented as below:
- Geographic Landscape
- North America
- South America
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Electric Vehicle (EV) Charging Station Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The electric vehicle (EV) charging station market report covers the following areas:
- Electric Vehicle (EV) Charging Station Market Size
- Electric Vehicle (EV) Charging Station Market Trends
- Electric Vehicle (EV) Charging Station Market Analysis
This study identifies the deployment of smart grids for EVs as one of the prime reasons driving the electric vehicle (EV) charging station market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Electric Vehicle (EV) Charging Station Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist electric vehicle (EV) charging station market growth during the next five years
- Estimation of the electric vehicle (EV) charging station market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the electric vehicle (EV) charging station market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of electric vehicle (EV) charging station market vendors
Table of Contents:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
- 2.1 Preface
- 2.2 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Value chain analysis
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2019
- Market Outlook
- Market size and forecast 2019-2024
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY TYPE
- Market segmentation by type
- Comparison by type
- AC - Market size and forecast 2019-2024
- DC - Market size and forecast 2019-2024
- Market opportunity by type
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 11: MARKET TRENDS
- Increasing number of launches in the field of EV charging solutions
- Vehicle-to-grid infrastructure for decentralized power generation
- Deployment of smart grids for EVs
PART 12: VENDOR LANDSCAPE
- Landscape disruption
- Competitive scenario
PART 13: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- ABB Ltd.
- ChargePoint Inc.
- Efacec Power Solutions SGPS SA
- ENGIE SA
- EVgo Services LLC
- Leviton Manufacturing Co. Inc.
- Schneider Electric SE
- Siemens AG
- Tesla Inc.
- Webasto SE
PART 14: APPENDIX
- Research methodology
- List of abbreviations
- Definition of market positioning of vendors
PART 15: EXPLORE TECHNAVIO
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA
INDUSTRY KEYWORD: GENERAL AUTOMOTIVE AUTOMOTIVE ALTERNATIVE VEHICLES/FUELS
SOURCE: Technavio Research
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PUB: 07/27/2020 01:30 PM/DISC: 07/27/2020 01:30 PM