Tuesday, June 16, 2020

Electric Vehicle Charging Stations Market Exploring Future Growth 2019-2030 - ABB, Robert Bosch, Siemens

Electric vehicle charging stations or electric vehicle supply equipment are the places where electric vehicles are charged. It is basically an equipment that attaches electric vehicle to the source of electricity for charging. These charging stations are witnessing constant improvements for more efficiency and increasing their capacity to charge the plug-in hybrids as well. The recent advancements in charging stations include cellular capabilities, smart metering, network connectivity, and other basics. They are mostly found at retail shopping places by private companies and at municipal parking places by electric utility firms. EV charging stations offer special connectors that charge according to the vehicle charging connector standards.

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, Siemens AG, Pod Point., BP Chargemaster, CHROMA ATE INC., and Shell, among others.

Read More @ http://www.sbwire.com/press-releases/covid-19-impact-on-electric-vehicle-charging-stations-market-exploring-future-growth-2019-2030-abb-robert-bosch-siemens-1290867.htm 


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