Electric Vehicle Fast Charging System Market Share, Size, Value, Trends, Demand, Dynamics, Business Growth, Revenue and Forecasts (2020 – 2027)

Research Reports

Jan 20, 2021

Market Size – USD 368.4 Million in 2019, Market Growth – CAGR of 25.6%, Market Trends – High demand in cognitive analytical insights

The latest study on the Electric Vehicle Fast Charging System industry includes a detailed analysis of the future trends and demands for the forecast period, 2020 – 2027. The market intelligence report on the Electric Vehicle Fast Charging System industry encompasses an in-depth evaluation of different products, applications, end-users and their sales across different regions. A closer look at the important industry terms and definition, technology advancements and forces influencing the product and production capability further makes the report a valuable reference material.

The increasing focus by various automotive firms such as BMW, Tesla, Volkswagen Group, and ChargePoint, Inc., among others, on the installation of the advanced charging stations throughout various destinations, including movie theatres, shopping malls, stadiums, hotels, and airports, among others, is projected to fuel the demand for the overall market. Also, numerous public transport agencies collaborating with automotive companies for the setting up of charging stations that are capable of offering fast charging systems for electric buses are causing a huge market growth.

The market is projected to see a substantial growth owing to its huge implementation in various areas verticals especially in North American region. Extensive proliferation of the EV fast charging infrastructure especially in the United States and rising investment in the EV charging infrastructure, is anticipated to stimulate demand for the market.

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The market in the Asia Pacific region, in terms of value, contributed to the largest market share of plug-in hybrid PHEV in 2019 and is likely to grow at the fastest rate of 39.8% in the forecast period, attributed to increasing concern towards environmental pollution and government support to promote sustainable mobility.

Heavy duty vehicles are unable to use a similar fast charging infrastructure as the passenger cars. They require bigger battery packs, higher-power stations, and draw more energy and require faster charging systems to charge quickly. This way, the demand for the heavy duty vehicles are deliberately being boosted.

In March 2019, Tesla introduced V3 Supercharging, the next step towards the growth of Tesla’s Supercharger network.

In January 2019, Tesla planned on installing more superchargers for its electric vehicles across Europe. Major expansions happened in Southern and Eastern Europe.

Regional Scope- North America; Europe; Asia Pacific; Central & South America; MEA

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Key players in the market include Advanced Vehicle Manufacturing, Inc., Delta Electronics, Inc., EVBox, ABB, Blink Charging Co, ChargePoint, Inc., Elmec Inc, Hong Kong EV Power Limited, GARO, Proterra Inc., Schneider Electric, and Siemens, among others.

Vehicle Type Outlook (Revenue: USD Billion; 2017-2027)

Light Duty Vehicles

Heavy Duty Vehicles

Electric Bikes

Others

Charger Type Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)

CCS

CHADEMO

Tesla Supercharger

TYPE-2 (IEC 62196)

Others

Installation Type Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)

Portable

Fixed

Application Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)

Public

Private

Battery Type Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)

Lead-Acid

Nickel-Cadmium (Ni-Cd)

Lithium-ion (Li-ion)

Solid State Lithium-ion (SSB)

Vehicle Technology Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)

Plug-in Hybrid Electric Vehicles (PHEVs)

Battery Electric Vehicles (BEVs)

Helping you establish a strong foothold in the industry

The Electric Vehicle Fast Charging System report highlights set of information related to pricing and the category of customers who are more than willing to pay for certain products and services. The information on opportunities as well as product features, determine which offerings or benefits command sale and identify the communications channels used by the market leaders to create premium positioning strategies as well as attract broadest share.

Browse the full report description @ https://www.emergenresearch.com/industry-report/electric-vehicle-fast-charging-system-market

The research provides answers to the following key questions:

What is the estimated size of the Electric Vehicle Fast Charging System market for the forecast period, 2020 – 2027? What will be the growth rate of the industry during the estimated period?

What are the prominent driving forces likely to impact the progress of the industry across different regions?

Who are the major market players occupying a strong foothold in the Electric Vehicle Fast Charging System market? What are the winning strategies adopted by them to stay ahead in the competition?

What are the potential opportunities for the Electric Vehicle Fast Charging System market for the forecast period, 2020 – 2027?

What are the key trends expected to shape the development of the industry over the coming years?

What are the key restraints and challenges likely to hinder the growth of the Electric Vehicle Fast Charging System market worldwide?

Thank you for reading our report. For further information or queries about the report or customization options, please get in touch with us. We will ensure your report is tailored according to your requirements.

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