“A research report on Electric Vehicle Charging Infrastructure Market was added by SDKI in its database which discusses the product as well as the scope of its market in detail. The report provides the business clients with an in-depth overview of the market, giving an analysis of the market trends, market size, market value and market growth over the forecast period on a compound as well as on a yearly basis. Further, the market study gives an overview of the industry on the basis of several factors such as the geographical extent, market segmentation, growth drivers and challenges prevalent in the market.
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Global electric vehicle charging infrastructure market is expected to grow at a CAGR of over 17% during the forecast period, on account of rising concerns for safer environment, increasing government support for electric commercial vehicles and growth in number of electric vehicles across the globe. Additionally, grid integration of electric vehicles is projected to offer huge impetus to global electric vehicle charging infrastructure market in the coming years. Evolution of smart grid technologies and the concept of virtual power plants is forecast to further boost the global market for electric vehicles and its related charging infrastructure through 2024. The option of power trading for electric vehicles owners is also expected positively influence the global electric vehicle charging infrastructure market during the forecast period.
The transportation sector accounted for around 20% of the overall carbon dioxide emissions, globally, and this can be reduced by promoting use of electric vehicles in place of conventionally fuelled vehicles. Adoption of electric vehicles in developed nations is high due to higher per capita purchasing power. Increasing level of pollution is creating a huge opportunity for adoption of electric vehicles and development of electric vehicle charging infrastructure during 2019-2024. Based on Charging Type, the global electric vehicle charging infrastructure market is segmented into AC Charger and DC Charger segments. At the regional level, Asia Pacific is anticipated to be the fastest growing market in the global electric vehicle charging infrastructure market during the forecast period.
Electric Vehicle Charging Infrastructure Market Size By Key Players, Deployment Type, Applications, Vertical, and Forecast 2022-2031
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