Charging Stations Market Growth Is Enhanced By Rise In Consumer Buying Trend For Electric Automotive Till 2023 | Million Insights

Charging Stations Market Growth Is Enhanced By Rise In Consumer Buying Trend For Electric Automotive Till 2023 | Million Insights

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According to new report available with Million Insights, the market is driven by a rise in government subsidies and incentives followed by strategic initiatives by key players to enable free charging facility.

The global charging stations market is anticipated to rise at a staggering CAGR during the forecast period. Electric vehicles enable greater potential to lessen air pollution, greenhouse gas emissions and the overall change in climatic impacts. Oil is been extensively used as a fuel for cars and with the fluctuation in oil market scenarios on international level, other alternatives are considered. With the fall in cost of electric vehicles, the transition appears more feasible. Public charging infrastructure is a major key to the growth of charging stations as metro cities offer a conducive environment for developing a robust charging infrastructure. 

Charging stations market is driven by rise in government subsidies and incentives followed by strategic initiatives by key players to enable free charging facility. Influence of major key players and rise in consumer buying trend for electric automotive is likely to enhance the market growth. Rise in demand for eco-friendly alternatives is stimulating the market growth. 

Other factors such as lack of standardization and infrastructural loopholes at charging stations is likely to refrain the market growth during the forecast period. 

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By type, the charging stations market is segmented as home charging stations and public charging stations. By supply type, market is segmented as AC charging stations and DC charging stations. The connector type segmentation for the market comprises tesla supercharger, CHAdeMO, CCS and GB/T.

Geographical segmentation for market spans North America, South America, Europe, Asia-Pacific, Middle East, and Africa. APAC sector accounts for a significant market share owing to rise in trend of electric automotive in China and Japan. Electric vehicle market is yet to witness a robust infrastructure attributing to slow development of charging stations industry.

North American and European markets are more likely to enjoy a significant market share in the forecast period due to increase in trend of electric vehicles and government subsidies. In addition, the market is in growth phase in these regions mainly accounting for rise in demand for charging stations. The key players profiled in the charging stations market report are ABB, AeroVironment, Tesla, Engie, and ChargePoint.

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Market Segment:

Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Charging Stations in these regions, from 2012 to 2023 (forecast), covering
• North America (United States, Canada, and Mexico)
• Europe (Germany, France, UK, Russia, and Italy)
• Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
• South America (Brazil, Argentina, Columbia)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

Global Charging Stations market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
• Airport Seating Alliance
• Arconas
• Evans Airport Solutions
• Green Furniture
• Ifpl
• Lund Halsey
• Nurus
• Skidata
• True Blue Power
• Zoeftig

On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
• For Laptops
• For Mobile Phones

On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of Charging Stations for each application, including
• Train Station
• Bus Station
• Airport
• Square
• Other

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