The Global Electric Vehicle Fast Charging System Market is projected to reach USD 2.30 billion in 2027. The market is expected to be driven due to a higher proliferation of the proliferation of the global electric vehicle sales, technological advancements in EV charging infrastructure, battery management, & electric vehicle sustainability, and increasing push from the governments for the deployment of highway electric vehicles and fast public charging infrastructure and its wide availability.
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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Further key findings from the report suggest
- 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.
- 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.
Electric Vehicle Fast Charging System Market Segmentation:
For the purpose of this report, Emergen Research has segmented into the global Electric Vehicle Fast Charging System Market on the basis of Vehicle Type, Charger Type, Installation Type, Application, Battery Type, Vehicle Technology, and region:
- Vehicle Type Outlook (Revenue: USD Billion; Volume: Thousand Units; 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)
The regional bifurcation of the market analyzes key market segments such as North America, Latin America, Europe, AsiaPacific, and Middle East & Africa.In conclusion, the research report on the Electric Vehicle Fast Charging System market assesses growth prospects, opportunities, challenges, risks, threats, and trends to offer a comprehensive idea of the regional and global Electric Vehicle Fast Charging System market.
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Key Benefits of the Global Electric Vehicle Fast Charging System Market Report:
- Comprehensive analysis of the changing competitive landscape
- Assists in decision making processes for the businesses along with detailed strategic planning methodologies
- The report offers an 8-year forecast estimation and assessment of the Global Electric Vehicle Fast Charging System Market
- Helps in understanding the key product segments and their estimated growth rate
- In-depth analysis of market drivers, restraints, trends, and opportunities
- Comprehensive regional analysis of the Global Electric Vehicle Fast Charging System Market
- Extensive profiling of the key stakeholders of the business sphere
- Detailed analysis of the factors influencing the growth of the Global Electric Vehicle Fast Charging System Market
Table Of Content:
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Electric Vehicle Fast Charging System Market Segmentation & Impact Analysis
4.1. Electric Vehicle Fast Charging System Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Increasing proliferation of heavy duty electric vehicle
4.2.2.2. Extensive rise in the fast public charging infrastructure
4.2.2.3. Technological advancement
4.2.3. Market restraints analysis
4.2.3.1. Unavailability of the sufficient public charging infrastructure
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
READ MORE…!
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