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Government Incentives and Green Promotion Give Impetus to Global Electric Vehicle Charger (EVC) and Charging Station Market

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Published on : Mar 07, 2017

ALBANY, NY, March 07, 2017: The global electric vehicle charger (EVC) and charging station market is strongly supported by initiatives in the form of fund raising directed by startups such as ChargePoint to completely shift to e-mobility. Companies such as Tesla are looking to widen their customer base in different regions such as the UAE with the launch of nine new charging stations in Dubai, particularly at the Mall of the Emirates. In a report added by ResearchMoz.us, the world market is expansively analyzed on the basis of type, application, manufacture, and region. The report is titled “Global Electric Vehicle Charger (EVC) And Charging Station Market Research Report 2017.”

The rapid increase in the installation of EVCs in the U.S. and Europe with a view to reduce emissions and promote cleaner cities is anticipated to hike up the demand in the world EVC and charging station market. There is an augmenting need for forwarding support to the development of EVC and charging station infrastructures in Europe on account of encouraging initiatives taken by the EU for elevating the purchase of new electric automobiles. The initiatives are generally in the form of tax reductions and exemptions. Subsidies and grants have been initiated by more number of countries to endorse the adoption of new electrically chargeable vehicles. In the U.S., there are certain acts which buoy up sophisticated energy efficiency measures, buildout of smart power grids, and installation of EV charging stations.

Click to get more details with TOC in a PDF Format: https://www.researchmoz.us/enquiry.php?type=S&repid=981999

By type, the global EVC and charging station market could be segmented into off-board charger and on-board charger. According to application, the segmentation is expected to include public charging and residential charging. Geographically, the market could be divided into six key regions such as India, Southeast Asia, Japan, China, Europe, and North America. The competitive situation and trends section under the study of manufacturers provided in the report shares the market share of top three and top five manufacturers. It also includes detailed evaluation of expansions, mergers and acquisitions, and the market concentration rate.

Some of the leading names studied in the international EVC and charging station market are Aker Wade, LG Electronics, Elektromotive, ChargePoint, and AeroVironment. The market players could suffer a slow growth owing to technological challenges and issues pertaining to mileage, charging frequency, and longer charging time. However, the ballooning prices of petrol and diesel, mounting adoption of hybrid and electric automobiles, and government investments and incentives are envisaged to offer bankable opportunities to industry players.

Buyers of the report are provided with a deep examination of prominent players in the global EVC and charging station market. This includes their business overview and vital information on their competitors, manufacturing base, gross margin, price, revenue, and production.

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