The Asia pacific electric vehicle charging station market exhibited robust growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 47% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the direct influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
An electric vehicle (EV) charging station supplies electric energy to recharge plug-in electric vehicles, battery electric vehicles, and hybrid electric vehicles. Generally, these charging infrastructures offer three types of charging, AC charging, DC charging, and inductive charging. EV charging stations are equipped with multiple connectors, such as Combined Charging System (CCS), CHAdeMO, Tesla supercharger, Type-2, etc. These charging stations are usually deployed across parking garages near supermarkets, offices, homes, industrial complexes, etc.
In the Asia Pacific region, the growing environmental concerns towards the high vehicular pollution levels have augmented the demand for electric vehicles. This, in confluence with soaring fuel prices and increasing cost-effectiveness of EVs and HEVs, are propelling the market for electric vehicle charging stations. Apart from this, the rising number of government initiatives to create awareness for reducing carbon footprints is also driving the market growth across APAC countries. Moreover, numerous government bodies are offering subsidies and financial aids to promote the purchase of EVs, which is further catalyzing the demand for electric vehicle charging stations. Additionally, the introduction of numerous electrification programs in the public transport sector for replacing fuel-based vehicles with their safer and cleaner alternatives is also bolstering the market growth. Several government agencies across the Asia Pacific countries are heavily investing in the development of high-capacity public charging infrastructures, particularly for heavy-duty vehicles. Apart from this, the growing installation of the Combined Charging System (CCS) and Tesla supercharger connectors based on their compatibility and ultra-fast charging speeds is also propelling the regional market. In the coming years, the rising integration of EV charging stations with various advanced technologies, such as telematics devices, remote sensors, wireless connectivity, etc., will continue to drive the market growth in the Asia Pacific region during the forecast period.
IMARC Group provides an analysis of the key trends in each sub-segment of the Asia pacific electric vehicle charging station market report, along with forecasts for growth at the region level from 2021-2026. Our report has categorized the market based on region, charging station type, vehicle type, installation type, charging level, connector type and application.
Breakup by Charging Station Type:
Breakup by Vehicle Type:
Breakup by Installation Type:
Breakup by Charging Level:
Breakup by Connector Type:
Breakup by Application:
Breakup by Country:
The competitive landscape of the industry has also been examined along with the profiles of the key players ABB, BlueSG (Bolloré Group), Delta Electronics, Inc., Eaton, Schneider Electric, Shell, Siemens, Tata Power (Tata Sons Private Limited), Tesla and TGOOD Global Ltd.
|Base Year of the Analysis||2020|
|Segment Coverage||Charging Station Type, Vehicle Type, Installation Type, Charging Level, Connector Type, Application, Country|
|Countries Covered||China, Japan, India, South Korea, Australia, Indonesia|
|Companies Covered||ABB, BlueSG (Bolloré Group), Delta Electronics, Inc., Eaton, Schneider Electric, Shell, Siemens, Tata Power (Tata Sons Private Limited), Tesla and TGOOD Global Ltd.|
|Customization Scope||10% Free Customization|
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