Market Valuation of $20 Billion in EV Charging Infrastructure by 2029
Meticulous Research®, a globally acclaimed market research organization, has published a detailed 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." This report projects that the global energy infrastructure market for EV charging stations will grow at a CAGR of 36% from 2022, potentially reaching a market value of $20 billion by 2029.
Download Free Sample Report Here: https://www.meticulousresearch.com/download-sample-report/cp_id=5301
The market's expansion is driven by government policies aimed at accelerating the adoption of electric vehicles (EVs) and the corresponding infrastructure, along with a growing need for fast-charging EV solutions. Despite these favorable conditions, the high costs associated with infrastructure equipment may act as a significant impediment to market growth. On the other hand, the increasing adoption of electric mobility in developing countries and the expansion of charging station networks by multinational retail companies are expected to create substantial opportunities for stakeholders. Nevertheless, the market faces challenges related to voltage dips at EV charging stations, which could impede further growth.
The global energy infrastructure for EV charging stations market is segmented by component, the number of Electric Vehicle Supply Equipment (EVSE), energy source, and geography. The report also offers a thorough analysis of industry competitors and evaluates the market at both the country and regional levels.
In terms of components, the market is segmented into transformers, electric distribution systems, heavy-duty cables, metering systems, power converters, energy storage systems, and solar PV panels. The transformers segment is expected to dominate the market in 2022, holding the largest share due to its widespread application in powering EV charging stations and ensuring stable power supply levels. However, the energy storage systems segment is anticipated to experience the highest CAGR during the forecast period, driven by initiatives from Original Equipment Manufacturers (OEMs) and stakeholders to develop advanced energy storage systems (ESS) specifically for EV charging stations.
When categorized by the number of EVSE units, the market is divided into segments of less than 5 units, 5 to 15 units, and more than 15 units. In 2022, the segment with fewer than 5 units is expected to hold the largest market share, driven by increasing investments from retail property owners, managers, and fuel station operators seeking to integrate EV charging facilities into their premises. However, the segment comprising 5 to 15 units is projected to achieve the highest CAGR during the forecast period, supported by government incentives, tax credits, and reimbursements for the commercial installation of EV charging infrastructure.
In terms of energy sources, the market is segmented into renewable and non-renewable energy sources. The non-renewable energy sources segment is expected to dominate the market in 2022, driven by government incentives and subsidies aimed at promoting the purchase of EVs and the development of EV charging infrastructure based on these energy sources. However, the renewable energy sources segment is anticipated to gain momentum in the coming years as global sustainability initiatives intensify.
Geographically, the global energy infrastructure market for EV charging stations is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The Asia-Pacific region is projected to lead the market in 2022, driven by the increasing demand for EVs in countries such as China and Japan, as well as strong government initiatives focused on reducing greenhouse gas emissions, which are expected to boost EV adoption. Conversely, Europe is expected to register the highest CAGR during the forecast period. The market's growth in Europe will be driven by extensive government efforts to develop a robust EV charging infrastructure across the continent, with leading countries such as France, Germany, the Netherlands, Norway, and the United Kingdom spearheading these efforts.
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?
Contact Us:
Meticulous Research®
Email- sales@meticulousresearch.com
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research
English
Arabic
Français
Español
Português
Deutsch
Türkçe
Dutch
Italiano
Romaian