APAC Electric Vehicle Charging Station Market Business SWOT Analysis
The escalating environmental concerns regarding and the growing consumer awareness regarding the detrimental effects of higher vehicular pollution level, is primarily driving the EV charging station market in the Asia-pacific region. The Asia pacific electric vehicle charging station market exhibited robust growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 47% during 2021-2026.
APAC EV Charging Station Market Outlook:
An electric vehicle charging station is an energy-supplying equipment or infrastructure that is used to charge plug-in electric and hybrid electric vehicles (EV/HEVs). These stations use a power grid-connected energy conversion system, facility meter, software program, and energy controller to offer an alternate (AC) and direct current (DC) and inductive charging. An electric vehicle charging station helps reach sustainability goals, collects carbon credits, and performs as a clean transportation mode. Consequently, these charging stations are installed across parking lots close to stores, public infrastructures, and residences.
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What Are The Driving Factors Of The APAC EV Charging Station Market?
The escalating environmental concerns regarding and the growing consumer awareness regarding the detrimental effects of higher vehicular pollution level, is primarily driving the market in the Asia-pacific region. In line with this, rising fuel prices and the increasing need for cost-effective and emission-free vehicles, such as EVs are supplementing the product demand.
Additionally, favorable government initiatives to reduce carbon emissions have facilitated the adoption of EVs, which in turn further encouraged the deployment of charging stations by retail multinational corporations (MNCs). Moreover, the standardization of wireless EV charging systems and the extensive usage of autonomous cars for logistics and public transportation are propelling the market growth.
Besides this, the integration of telematics devices, remote sensors, and wireless connectivity with the charging station and the escalating investments in EV technologies by startup businesses and key players in collaboration are positively stimulating the market growth in the region.
Asia Pacific EV Charging Station Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape with Key Players:
The competitive landscape of the Asia Pacific EV charging station market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- ABB
- BlueSG (Bolloré Group)
- Delta Electronics, Inc.
- Eaton
- Schneider Electric
- Shell
- Siemens
- Tata Power (Tata Sons Private Limited)
- Tesla
- TGOOD Global Ltd.
APAC Electric Vehicle Charging Station Market Segmentation:
The report has segmented the APAC electric vehicle charging station market on the basis of charging station type, vehicle type, installation type, charging level, connector type, application and country.
Based on Charging Station Type:
- AC Charging
- DC Charging
- Inductive Charging
Based on Vehicle Type:
- Battery Electric Vehicle (BEV)
- Plug-in Hybrid Electric Vehicle (PHEV)
- Hybrid Electric Vehicle (HEV)
Based on Installation Type:
- Portable Charger
- Fixed Charger
Based on Charging Level:
- Level 1
- Level 2
- Level 3
Based on Connector Type:
- Combines Charging Station (CCS)
- CHAdeMO
- Normal Charging
- Tesla Supercharger
- Type-2 (IEC 621196)
- Others
Based on Application:
- Residential
- Commercial
Breakup by Country:
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Explore Full Report Description At: https://www.imarcgroup.com/asia-pacific-electric-vehicle-charging-station-market
Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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