EV Charging Station Infrastructure Market Valued at $20 Billion by 2029

 

Meticulous Research®, a leading global market research company, has recently


published an in-depth analysis report titled "Energy Infrastructure for EV Charging Stations Market By Component (Transformers, Electric Distribution Systems), Number of EVSE, Energy Source (Renewable Energy Sources, Non-renewable Energy Sources), and Geography—Global Forecast to 2029." According to this report, the global market for energy infrastructure supporting EV charging stations is set to expand at a remarkable CAGR of 36% from 2022, potentially reaching a market size of $20 billion by 2029.

Download Free Sample Report Here: https://www.meticulousresearch.com/download-sample-report/cp_id=5301

The primary forces driving this market's expansion include extensive government initiatives promoting the adoption of electric vehicles (EVs) and the necessary infrastructure, as well as a growing need for faster EV charging solutions. However, the substantial cost associated with infrastructure equipment remains a significant hurdle, potentially hindering market growth. On the other hand, the rapid adoption of electric mobility in emerging economies and the increased deployment of charging stations by multinational retail companies are expected to generate new opportunities for stakeholders. Nevertheless, the market faces a substantial challenge in the form of voltage dips at EV charging stations, which could impede further growth.

The global energy infrastructure for EV charging stations market is segmented by component, number of Electric Vehicle Supply Equipment (EVSE), energy source, and geography. The report also provides a detailed evaluation of industry competitors and an analysis of the market on both a country and regional level.

In terms of components, the market is categorized into transformers, electric distribution systems, heavy-duty cables, metering systems, power converters, energy storage systems, and solar PV panels. In 2022, the transformers segment is expected to hold the largest share of the global market for energy infrastructure supporting EV charging stations. The growth of this segment is attributed to the extensive use of transformers in powering EV charging applications and ensuring power supply in line with charging station requirements. However, the energy storage systems segment is projected to experience the highest CAGR during the forecast period, driven by ongoing initiatives by Original Equipment Manufacturers (OEMs) and stakeholders to develop advanced energy storage systems (ESS) for EV charging stations.

When analyzed by the number of EVSE units, the global energy infrastructure market for EV charging stations is segmented into categories of less than 5 units, 5 to 15 units, and more than 15 units. In 2022, the segment with fewer than 5 units is predicted to account for the largest market share, primarily due to rising investments from retail property owners and managers, as well as fuel station operators looking to integrate EV charging facilities into their premises. However, the 5 to 15 units segment is expected to register the highest CAGR during the forecast period, bolstered by government incentives, tax breaks, and reimbursements for the commercial installation of EV charging infrastructure.

From the perspective of energy sources, the market is divided into renewable and non-renewable energy sources. In 2022, the non-renewable energy sources segment is anticipated to dominate the global market, with growth driven by government incentives and subsidies designed to support the purchase of EVs and the development of EV charging infrastructure.

Geographically, the market for energy infrastructure for EV charging stations is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2022, the Asia-Pacific region is expected to capture the largest market share, driven by increasing demand for EVs in countries such as China and Japan, along with government initiatives aimed at reducing greenhouse gas emissions, which are likely to boost EV adoption. Conversely, Europe is projected to achieve the highest CAGR over the forecast period, with market growth fueled by government efforts to develop a robust EV charging infrastructure across the continent. Key countries leading this initiative include France, Germany, the Netherlands, Norway, and the United Kingdom.

To gain more insights into the market with a detailed table of content and figures, click here:https://www.meticulousresearch.com/product/energy-infrastructure-for-ev-charging-stations-market-5301

Key Players:

The key players operating in the global energy infrastructure for EV charging stations market are ABB Ltd (Europe), Accuenergy Inc. (Canada), Albury Services Ltd (U.K.), Beam Global (U.S.), Bowers Electricals Ltd (U.K.), Electro-Wind Ltd. (England), EREA Energy Engineering BV (Belgium), Hammond Power Solutions Inc. (Canada), Olsun Electrics Corporation (U.S.), MGM Transformer Company (U.S.), Mornsun Guangzhou Science & Technology Co., Ltd (China), Powersmiths International Corp. (Canada), Quadlogic Meters Canada Inc. (Canada), R&S International Holding AG (Switzerland), and Wilson Power Solutions (England).

Key questions answered in the report:

  • Which are the high-growth market segments in terms of component, number of EVSE, energy source, and geography?
  • What was the historical market for global energy infrastructure for EV charging stations market across the globe?
  • What are the market forecasts and estimates for the period 2022–2029?
  • What are the major drivers, restraints, opportunities, and trends in the global energy infrastructure for the EV charging stations market?
  • Who are the major players and their shares in the global energy infrastructure for the EV charging stations market?
  • How is the competitive landscape in the global energy infrastructure for the EV charging stations market?
  • What are the recent developments in the global energy infrastructure for the EV charging stations market?
  • What are the different strategies adopted by the major players in the global energy infrastructure for the EV charging stations market?
  • What are the key geographic trends, and which are the high-growth countries?

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Meticulous Research®
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Contact Sales- +1-646-781-8004
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