The report "Electric Vehicle Charging Station" Market by Point of Charge (DC (Super Charging), and AC (Normal Charging)), By Charging Level (Level 3, Level 2, and Level 1), Mode of Charging (Plug-in Charging System, and Wireless Charging System), Application (Public Chargers, and Private Chargers), By IoT Connectivity (Smart Connected Charging Stations, and Non-connected Charging Stations) -Global Forecast to 2030. "The Global Electric Vehicle Charging Station Market share was USD 9.47Bn. It is predicted to reach USD 142.46Bn by 2030, representing a CAGR of 31.14 percent throughout the forecasted period. Some of the most notable factors that are constantly augmenting the overall growth of the market across the globe are the continuous rise in demand for EVs and the increase in investments by the automakers towards the setting up of EV charging stations adequately.
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By Point of Charge, the 'DC (Super Charging)' segment held the highest share in 2020
Based on the point of Charge, the Electric Vehicle Charging Station industry worldwide has been broadly bifurcated into DC (Super Charging) and AC (Normal Charging). The "DC (Super Charging)" segment held the largest share of the market, around 72.12 % in 2020.DC charging has the potential to feed the power directly to the car's battery and doesn't require any type of onboard charger to convert it. DC chargers are faster, bigger, and provide a breakthrough whenever it comes to the charging of EVs. All of these factors are responsible for enhancing the growth of this segment.
By Charging Level, the 'Level 3' segment held the largest share of the market in 2020
Based on Charging Level, the Global Electric Vehicle Charging Station industry has been fragmented into Level 3, Level 2, and level 1. The "Level 3" segment comprehensively dominated the entire market in 2020. The Level 3 type of charging is the fastest way to charge an EV in just a few minutes. Level 3 charging is much faster and delivers more power, thus making it the ideal charging type for EVs, which is, in turn, propelling the overall growth of this segment.
By Mode of Charging, the 'Plug-in Charging System' segment held the largest share of the market in 2020
Based on Mode of Charging, the Global EV Charging Station industry has been broadly segregated into Plug-in Charging System and Wireless Charging System. The 'Plug-in Charging System' held the largest revenue share of approximately around 78.12 % in 2020. The Plug-in-Charging System offers either constant voltage charging or constant current charging, both of which can be operated with ease which in turn is fuelling the overall growth of this segment.
By Application, the "Public Chargers" segment held the maximum share of the market in 2020
Based on Application, the Global EV Charging Station industry has been broadly segregated into Public Chargers & Private Chargers. The "Public Chargers" segment accounted for the largest share of the market of approximately 84.13% and will continue to dominate comprehensively throughout the forecasted period of 2020-2030. The availability of public EV charging stations plays a very crucial role in case of purchasing EVs across the globe. Public charging systems are readily available on the roads and highways and are viewed as one of the key criteria when buying an electric vehicle.
By IoT Connectivity, the "Smart Connected Charging Stations" segment held the largest market share in 2020
Based on IoT Connectivity, the Global EV Charging Station industry has been classified into Smart Connected Charging Stations and Non-connected Charging Stations. The Smart Connected Charging Stations, the segment, held the largest share of the market in 2020. The Smart charging allows the owner of the charging stations to manging, monitor, and restrict the usage of the devices remotely for efficient optimization of energy consumption.
Based on Region, the "Asia-Pacific" segment significantly dominated the market comprehensively with a robust CAGR throughout the forecasted period of 2020-2030. This Regions are the fastest-growing economic countries of the world, such as China and India. The governments of these emerging economies have accurately recognized the overall potential of growth of the global EVs charging station market &, hence, have planned to introduce various initiatives for attracting the major OEMs to manufacture EV charging infrastructure in the domestic markets, thus facilitating the overall growth in this Region.
Europe held the 2nd-largest share of the market in 2020. The European governments are focusing on increasing the number of European electric car charging stations due to the continuous surge in the number of Evs, which in turn is facilitating the overall market growth in the Region.
Some of the key vendors in the Global Electric Vehicle Charging Station Market include ChargePoint Inc, Siemens, Engie, ABB, Tesla, EVgo, Schneider Electric, Alfen, AeroVironment, and Blink Charging.
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