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Global Electric Vehicle Charging Station Market Insight January 5, 2022 Comments

Global Electric Vehicle Charging Station Market has witnessed growing treads over the five years. According to the World Knowledge Information (WKI)Global Electric Vehicle Charging Station Market Report 2021, Forecast to 2026. The compound annual growth rate (CAGR) for the 2021-2026 period is projected to be 25.5% base on WKI regression analysis model.
Analysts’ Viewpoint:
“The electric vehicles (EV) market is witnessing significant growth, owing to the growing environmental concerns and rising demand for sustainable and energy-efficient transportation.With the rise in EV sales and demand in the country, the need for fast charging stations has increased to support the rising EVs .”said Wikky, Senior analyst, Global New Energy Market Research Center in WKI.
Market Insight:
Electric car charging station companies have added quick charging features to give consumers a better sense of the user experience.According to Market News:In March 2019, Tesla unveiled V3 Supercharging, the next step in the growth of Tesla’s Supercharger network. V3, which is born from Tesla’s experience in building the world’s largest grid-connected batteries, enables vehicles to charge faster than any other electric vehicle in the market today.In 2018, German telecoms firm Deutsche Telekom announced plans to convert 12,000 street cabinets into charging stations.It says each device can supply two vehicles with enough power in one hour for a range of between 50km and 75km.And last year, UK-based Virgin Media and its parent company Liberty Global announced they would use their 170,000km network of underground cable ducts and 40,000 street cabinets to install 1,200 chargers.With the rapid development of charging technology, more and more fast charging ideas are proposed.
Competition Landscape:
The global electric vehicle charging stations market is dominated by major players such as Tesla (US), ABB (Switzerland), Siemens (Germany), and Bosch (Germany). These companies have strong distribution networks at a global level. In addition, these companies offer an extensive product range in this market. These companies adopt strategies such as new product developments, collaborations, and contracts & agreements to sustain their market position.
Segmentation of Electric Vehicle Charging Station Market:
On the basis of installation, the Electric Vehicle Charging Station market is categorized into Portable Charger and Fixed Charger . The portable charger segment is expected to be the fastest growing market. With portable chargers, EV drivers could carry the charger with them and charge the car whenever needed. Additionally, a portable charger eliminates the high cost associated with fixed stationary charging station. Initially, portable chargers were introduced as small and light chargers that could generate sufficient power for short journeys. However, new advanced portable chargers are expected to generate the same power as stationary charging station.
Electric Vehicle Charging Station Market: Regional Analysis
In terms of geography, the Global Electric Vehicle Charging Station market has been segmented into: North America, Asia-Pacific, Europe, South America, and the Middle East and Africa. Asia-Pacific dominates the Electric Vehicle Charging Station market. As COVID-19 is brought under control in Europe and America, the demand for electric vehicle charging stations will increase rapidly.

Cagr: 25.5%
Largest share area:Asia-Pacific
Largest share country:China