Electric Vehicle (EV) Charging Station Market 2019-2023 | Demand for Energy-efficient Automobiles to Boost Growth | Technavio

  • Apr 02, 2020
  • Bakersfield Life

Technavio has been monitoring the electric vehicle (EV) charging station market and it is poised to grow by USD 14.59 billion during 2019-2023, progressing at a CAGR of over 33% 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)

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please request latest free sample report on Covid-19 Impact

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. The demand for energy-efficient automobiles will offer immense growth opportunities. 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.

Demand for energy-efficient automobiles has been instrumental in driving the growth of the market.

Electric Vehicle (EV) Charging Station Market 2019-2023: Segmentation

Electric Vehicle (EV) Charging Station Market is segmented as below:

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Electric Vehicle (EV) Charging Station Market 2019-2023: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our electric vehicle (EV) charging station market report covers the following areas:

This study identifies technological advances in EV charging as one of the prime reasons driving the electric vehicle (EV) charging station market growth during the next few years.

Electric Vehicle (EV) Charging Station Market 2019-2023: Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the Electric Vehicle (EV) Charging Station Market, including some of the vendors such as 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. Backed with competitive intelligence and benchmarking, our research reports on the Electric Vehicle (EV) Charging Station Market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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Electric Vehicle (EV) Charging Station Market 2019-2023: Key Highlights

Technavio is a leading global technology research and advisory company. Their research and analysis focus 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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INDUSTRY KEYWORD: AUTOMOTIVE MANUFACTURING ALTERNATIVE ENERGY ENERGY ALTERNATIVE VEHICLES/FUELS OTHER MANUFACTURING

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