Electric vehicle charging station is an element of the infrastructure that supplies electric energy for recharging plug-in electric vehicles such as electric cars, neighborhood electric vehicles, and plug-in hybrid electric vehicles among others. Electric vehicle charging stations provides a wide range of special connectors that conform to various standards. Moreover, EV charging can be performed at home or at work. Few electric vehicles have converters on board which can be plugged into a standard electrical outlet or a high-capacity appliance outlet. Market Industry Reports (MIR) has published a new report titled "Electric Vehicle Charging Stations Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019-2030." According to the report, the global electric vehicle charging stations market accounted for over ~US$ 2.3 billion in 2019. It is anticipated to grow at a CAGR of ~34% from 2019 to 2030.
The significant growth of the market can be attributed to the increasing demand for electric vehicles and investments in electrification of both residential and commercial charging infrastructure by companies and government institutions. Moreover, increasing focus on development of electric infrastructure and rising concerns regarding emissions are anticipated to boost the growth of the electric vehicle charging stations market further during the forecast period. Extensive R&D studies and collaborations by major companies & governments across the globe, aimed towards improving safety & precision of electric vehicle charging stations, are expected to contribute considerably to the market.
Major Key Players of the Electric Vehicle Charging Stations Market are:ABB, Robert Bosch GmbH, Siemens AG, Pod Point., BP Chargemaster, CHROMA ATE INC., and Shell, among others.
Read More @ https://www.openpr.com/news/2008165/electric-vehicle-charging-stations-market-to-witness-growth
The significant growth of the market can be attributed to the increasing demand for electric vehicles and investments in electrification of both residential and commercial charging infrastructure by companies and government institutions. Moreover, increasing focus on development of electric infrastructure and rising concerns regarding emissions are anticipated to boost the growth of the electric vehicle charging stations market further during the forecast period. Extensive R&D studies and collaborations by major companies & governments across the globe, aimed towards improving safety & precision of electric vehicle charging stations, are expected to contribute considerably to the market.
Major Key Players of the Electric Vehicle Charging Stations Market are:ABB, Robert Bosch GmbH, Siemens AG, Pod Point., BP Chargemaster, CHROMA ATE INC., and Shell, among others.
Read More @ https://www.openpr.com/news/2008165/electric-vehicle-charging-stations-market-to-witness-growth
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