Meticulous Research®, a prominent global market research company, has published an extensive report titled, Energy Infrastructure for EV Charging Stations Market By Component (Transformers, Electric Distribution Systems), Number of EVSE, Energy Source (Renewable Energy Sources, Non-renewable Energy Sources), and Geography—Global Forecast to 2029.

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According to the recent findings from Meticulous Research®, the Global Energy Infrastructure for EV Charging Stations Market is anticipated to grow at an impressive CAGR of 36% from 2022, reaching an estimated value of $20 billion by 2029. This growth is largely fueled by various government initiatives that promote the adoption of electric vehicles (EVs) and the necessary infrastructure, as well as an increasing demand for fast-charging solutions. However, the high costs associated with infrastructure components may pose a challenge to market growth. Furthermore, the rising adoption of electric mobility in emerging economies and the growing deployment of charging stations by retail multinationals are expected to create significant opportunities for stakeholders. Nonetheless, issues such as voltage dips at charging stations may present challenges to market expansion.

The global energy infrastructure for the EV charging stations market is segmented based on component type, number of EVSE, energy source, and geographical regions. The study also analyzes the competitive landscape and evaluates market conditions at both the country and regional levels.

Component Insights

In terms of components, the global energy infrastructure for the EV charging stations market is divided into transformers, electric distribution systems, heavy-duty cables, metering systems, power converters, energy storage systems, and solar PV panels. By 2022, the transformers segment is projected to capture the largest share of the global energy infrastructure for EV charging stations market. This growth is primarily attributed to the widespread usage of transformers in powering electric vehicle charging solutions and maintaining power stability tailored to the specific requirements of charging stations. Conversely, the energy storage systems segment is expected to achieve the highest CAGR during the forecast period, driven by initiatives from OEMs and stakeholders aimed at developing energy storage systems for EV charging stations.

EVSE Segment Overview

Regarding the number of EVSE, the global energy infrastructure for the EV charging stations market is categorized into less than 5 units, 5 to 15 units, and more than 15 units. By 2022, the less than 5 units segment is expected to hold the largest market share, propelled by increasing investments from retail space owners & managers and fuel station operators seeking to incorporate electric vehicle charging facilities into their offerings. However, the 5 to 15 units segment is projected to witness the highest CAGR during the forecast period, fueled by various government incentives, tax credits, and reimbursements that support the commercial installation of charging infrastructure.

Energy Source Breakdown

With respect to energy sources, the global energy infrastructure for the EV charging stations market is divided into renewable energy sources and non-renewable energy sources. By the end of 2022, the non-renewable energy sources segment is anticipated to dominate the market, influenced by government incentives and subsidies aimed at promoting the acquisition of EVs and their associated charging infrastructure.

Geographic Segment Analysis

Geographically, the energy infrastructure for the EV charging stations market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. By 2022, Asia-Pacific is expected to capture the largest share of the global energy infrastructure for EV charging stations market. This growth is primarily driven by the increasing demand for EVs in nations such as China and Japan, alongside rising government initiatives focused on mitigating greenhouse gas emissions, which enhances EV adoption. Conversely, Europe is projected to achieve the highest CAGR during the forecast period, fueled by government strategies aimed at enhancing charging infrastructure across the region. Leading countries in the EV and charging infrastructure market include France, Germany, Netherlands, Norway, and the U.K..

To gain more insights into the market with a detailed table of content and figures, click here:https://www.meticulousresearch.com/product/energy-infrastructure-for-ev-charging-stations-market-5301

Key Players:

The key players operating in the global energy infrastructure for EV charging stations market are ABB Ltd (Europe), Accuenergy Inc. (Canada), Albury Services Ltd (U.K.), Beam Global (U.S.), Bowers Electricals Ltd (U.K.), Electro-Wind Ltd. (England), EREA Energy Engineering BV (Belgium), Hammond Power Solutions Inc. (Canada), Olsun Electrics Corporation (U.S.), MGM Transformer Company (U.S.), Mornsun Guangzhou Science & Technology Co., Ltd (China), Powersmiths International Corp. (Canada), Quadlogic Meters Canada Inc. (Canada), R&S International Holding AG (Switzerland), and Wilson Power Solutions (England).

Key questions answered in the report:

  • Which are the high-growth market segments in terms of component, number of EVSE, energy source, and geography?
  • What was the historical market for global energy infrastructure for EV charging stations market across the globe?
  • What are the market forecasts and estimates for the period 2022–2029?
  • What are the major drivers, restraints, opportunities, and trends in the global energy infrastructure for the EV charging stations market?
  • Who are the major players and their shares in the global energy infrastructure for the EV charging stations market?
  • How is the competitive landscape in the global energy infrastructure for the EV charging stations market?
  • What are the recent developments in the global energy infrastructure for the EV charging stations market?
  • What are the different strategies adopted by the major players in the global energy infrastructure for the EV charging stations market?
  • What are the key geographic trends, and which are the high-growth countries?

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