Revamping the Dashboard: Analyzing the Market Projection and Demand for Electric Vehicle Charging Infrastructure

A recent report by MarkNtel Advisors reveals that the Electric Vehicle Charging Infrastructure Market is expected to grow at a compounded annual growth rate (CAGR) of approximately 35% during 2023-28. The report provides a detailed understanding of the industry, including key drivers, challenges, opportunities, and latest trends. It also examines the competitive landscape & recent advancements made by leading companies operating in the industry, along with their range of product/service offerings, growth strategies, and presence in different regions/countries.

Our experts have used both primary & secondary research methods to gather accurate and comprehensive information about the Electric Vehicle Charging Infrastructure Market. The study also covers potential growth barriers to the market and highlights untapped opportunities while providing recommendations for stakeholders to prepare for unexpected situations that may arise in the future. The report considers historical data from 2023-28 as the starting point and provides forecasts for the years 2023 to 2028. All market values presented are in USD Million/Billion.

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Goals of the Electric Vehicle Charging Infrastructure Market Research Study

·        To provide valuable insights into aspects like drivers, challenges, opportunities, threats that impact the growth of the Electric Vehicle Charging Infrastructure Market

·        To have a complete understanding of the value chain through Porter's five forces model

·        To identify positioning of major participants in the Electric Vehicle Charging Infrastructure Market, along with their competitive advancements like collaborations, mergers & acquisitions, new product releases, and investments in research & development.

·        To provide thorough information to stakeholders on growth opportunities in fast-growing segments

Market Dynamics

Key Driver: Heightened Sales of Electric Vehicles

Countries like China, The United States, and Germany are spending heavily on research and development of electric vehicle charging infrastructures. Furthermore, as advanced technology has infiltrated and propelled EV sales, technologically advanced charging infrastructures are also gaining traction. Further, with options to discover local charging stations, providing real-time information on vacant slots, and the convenience of scheduling, the industry shall confront up scaled demand and growth in further years. Furthermore, with the implementation of various government initiatives to choose electric vehicles, the market would grow as the need for supercharging stations increases.

Recent Developments

·       In December 2022, Exponent Energy partners with Park+, a super app for car owners, to set up 1,000 rapid charging zones across India by the end of 2023.

·       In December 2022, EVGP and Lyft collaborated to accelerate rideshare electrification nationwide in the USA.

·       In December 2021, the US government signed the one trillion USD infrastructure law to authorize the charging stations while arranging around five billion USD funds to strengthen the national charging network.

A Detailed Analysis of Major Segments Driving the Electric Vehicle Charging Infrastructure Market Growth

In this section, the report explores the Electric Vehicle Charging Infrastructure Market's dynamic landscape, dissected into multiple segments and sub-segments, along with pivotal factors propelling industry growth, to help stakeholders optimize their positioning, target audience, and revenue tactics.

Based on Charger Type

- Wall Mounted

- Pedestal Mounted

- Roof Mounted

Based on Vehicle Type

- Passenger Cars

- Light Commercial Vehicles

- Medium & Heavy Commercial Vehicles

Based on Location

- Residential

- Commercial

Based on Power Output

- Upto 50kW

- 50.1kW-300kW

- Above 300kW

Geographically, the Electric Vehicle Charging Infrastructure Market expands across:

- North America

- South America

- Europe

- Asia Pacific

- Middle East and Africa

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Note: The Electric Vehicle Charging Infrastructure Market research report can be tailored as per individual client needs, providing comprehensive & valuable insights at various levels. This personalized approach enables clients to understand the industry's true potential, effectively tackle growth challenges, devise effective strategies, and make well-informed decisions to maintain a competitive edge in the industry.

Electric Vehicle Charging Infrastructure Market Research Report: Key Questions Addressed

·        What is the estimated size, share, & CAGR of the Electric Vehicle Charging Infrastructure Market during 2023-28?

·        Which segments & sub-segments are considered most prevalent in the Electric Vehicle Charging Infrastructure Market research study?

·        What are the major regions/countries would offer remunerative prospects to the key players in the Electric Vehicle Charging Infrastructure Market?

·        What are the geographical trends and recent developments in the Electric Vehicle Charging Infrastructure Market?

·        Which products/services would witness rapidly growing demand in the Electric Vehicle Charging Infrastructure Market through 2028?

A Detailed Assessment of Major Companies in the Electric Vehicle Charging Infrastructure Market and their Key Growth Strategies

The competitive landscape section of the report unveils the top players in the Electric Vehicle Charging Infrastructure Industry, their financials, resources, product offerings, market share, strategic initiatives, R&D investments, strengths, & weaknesses. All the findings & hypothesis on the market ecosystem have been carefully validated through a detailed Porter's five forces analysis.

Companies like,

- ABB

- BYD

- Eaton

- EVBOX

- EVgo

- General Electric

- Pod Point

- Schneider Electric

- Siemens

- Tesla

- Others

often involve in collaborations for joint venture programs & resource sharing to achieve their objectives efficiently.

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About MarkNtel Advisors

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals. Using such information, our clients can identify attractive investment opportunities & strategize their moves to yield higher ROI (Return of Interest) through an early mover advantage with top-management approaches.

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