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We expect the India electric vehicle charging station market to exhibit a CAGR of 8.90% during 2022-2027.
The rising demand for EVs, along with the increasing integration of EV charging stations systems with IoT to provide real-time information regarding the availability of vacant spots and schedule convenient slots for fill-ups, is primarily driving the India electric vehicle charging station market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across the nation resulting in the temporary halt in the installation activities for electric vehicle charging stations.
Based on the charging station type, the India electric vehicle charging station market has been bifurcated into AC charging, DC charging, and inductive charging. Currently, DC charging exhibits a clear dominance in the market.
Based on the vehicle type, the India electric vehicle charging station market can be segmented into Battery Electric Vehicle (BEV), Plug-in Hybrid Electric Vehicle (PHEV), and Hybrid Electric Vehicle (HEV). Among these, Battery Electric Vehicle (BEV) holds the majority of the total market share.
Based on the installation type, the India electric vehicle charging station market has been divided into portable charger and fixed charger, where fixed charger currently exhibits a clear dominance in the market.
Based on the charging level, the India electric vehicle charging station market can be categorized into level 1, level 2, and level 3. Currently, level 3 accounts for the majority of the total market share.
Based on the connector type, the India electric vehicle charging station market has been segregated into Combines Charging Station (CCS), CHAdeMO, normal charging, tesla supercharger, type-2 (IEC 621196), and others. Among these, Combines Charging Station (CCS) currently holds the largest market share.
Based on the application, the India electric vehicle charging station market can be bifurcated into residential and commercial. Currently, the commercial sector exhibits a clear dominance in the market.
On a regional level, the market has been classified into North India, West and Central India, South India, and East India, where North India currently dominates the India electric vehicle charging station market.
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