The EV Charging Services market is projected to reach USD 27.7 billion by 2027 from an estimated USD 2.5 billion in 2019, at a CAGR of 34.7% during the forecast period.
Electric vehicle (EV) charging service comprises an EV charging station where an electric vehicle can be re-charged. Similar to fuel stations, charging stations are used for refilling the charge into electric vehicle batteries. As the number of electric vehicles is increasing, the demand for rapid charging is increasing. Generally, when the battery of an electric vehicle is about to dry, the rate of charging is high. As the battery gets charged, the rate of charging gradually decreases, which is called tapering. Tapering is noticeable at above 50% of charging. Therefore, vehicle manufacturers advise to charge vehicles up to 80% only.
The report discusses many vital industry facets that influence Global EV Charging Services industry acutely which includes extensive study of competitive edge, latest technological advancements, region-wise industry environment, contemporary market and manufacturing trends, leading market contenders, and current consumption tendency of the end user. The report also oversees market size, market share, growth rate, revenue, and CAGR reported previously along with its forecast estimation.
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EV Charging Services Market Segmentation:
Top leading Manufactures Profiled in EV Charging Services Market Report are:
ChargePoint, Enel X, NewMotion, Greenlots, Chargemaster, Allego, Fortum, Innogy, EVgo, SemaConnect, AddEnergie, POD Point, CLEVER, Aerovironment, Schneider Electric, EFACEC Power Solutions, Tesla, ABB, ENGIE, Siemens, Leviton
Market Research Study Focus on these Types:
AC Charging Station
DC Charging Station
Inductive Charging Station
Market Research Study Focus on these Applications:
Battery Electric Vehicle (BEV)
PlugAIn Hybrid Vehicle (PHEV)
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In March 2019, Tesla unveiled V3 Supercharging, the next step in the growth of Tesla’s Supercharger network. V3, which is born from Tesla’s experience in building the world’s largest grid-connected batteries, enables vehicles to charge faster than any other electric vehicle in the market today.
Industry Latest Updates-
In July 2016, Tesla opened its Gigafactory in Nevada, US. It is one of the biggest battery manufacturing plants for EV batteries in terms of capacity. Tesla built it keeping in mind the future demand for EVs.
In January 2019, Tesla planned to install more superchargers for its EVs across Europe. The major expansions are likely in southern and eastern Europe. A total of 3,419 physical superchargers have been installed by Tesla worldwide until 2016.
In September 2017, Yazaki expanded its operations in Texas (US) to include manufacturing of dealer parts and service components and established a manufacturing development center for engineering. The facility, located in El Paso, produces parts for services such as fuse boxes, electronic modules, and remote keyless entry systems.
EV Charging Services Market Scenario:
This research report represents a 360-degree overview of the competitive landscape of the EV Charging Services Market. Furthermore, it offers massive data relating to recent trends, technological advancements, tools, and methodologies. The research report analyzes the EV Charging Services Market in a detailed and concise manner for better insights into the businesses.
Report evaluates the growth rate and the Market value based on Market dynamics, growth inducing factors. The complete knowledge is based on latest industry news, opportunities and trends. The report contains a comprehensive Market analysis and vendor landscape in addition to a SWOT analysis of the key vendors.
The key insights of the EV Charging Services Market report:
─The report provides key statistics on the market status of the EV Charging Services market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
─The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
─The EV Charging Services market report presents the company profile, product specifications, capacity, production value, and 2014-2020 market shares for key vendors.
─The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
─The report estimates 2020-2026 market development trends of EV Charging Services Market.
─Analysis of upstream raw materials, downstream demand and current market dynamics is also carried out
─The report makes some important proposals for a new project of EV Charging Services Industry before evaluating its feasibility.
The research includes historic data from 2015 to 2020 and forecasts until 2026 which makes the report an invaluable resource for company executives, marketing executive, sales and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.
In conclusion, EV Charging Services market report presents the descriptive analysis of the parent market supported elite players, present, past and artistic movement information which is able to function a profitable guide for all the EV Charging Services Industry business competitors. Our expert research analyst’s team has been trained to provide in-depth market research report from every individual sector which will be helpful to understand the industry data in the most precise way.
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