Global EV Charger Service Market Overview:
EV charger is a piece of equipment that supplies electrical power for charging plug-in electric vehicles (including hybrids, neighborhood electric vehicles, trucks, buses, and others). Electric Vehicle (EV) chargers are used to provide charging to electric vehicles with a battery and the electrical source that helps to charge the battery. Electric vehicles reduce the carbon footprints released into the atmosphere, which contain toxic gas.
- The increasing number of electric vehicles, the demand for rapid charging is increasing
- Increase in market penetration of electric vehicles
- Lack of standardization of EV charging
- Development of higher-efficiency EV batteries and vehicles
- Increased government support and subsidiaries
- Government regulations to limit environmental pollution
- Government initiatives for the development of electric vehicle charging infrastructure
Companies in the market are concentrating on providing EV Charger Service. In Europe, high adoption of electric vehicles. Countries such as Norway, Luxembourg, Germany, and the U.K. has a large number of electric vehicles, owing to the demand for EV charging service. In the Asia Pacific and Europe, 40% of electric vehicles are in the fleet of government vehicles. Increased government support and subsidiaries are propelling the market during the forecast period.
Some of the key players profiled in the report are EVgo Services LLC. (United States), ChargePoint, Inc. (United States), Blink Charging Co. (United States), Toshiba Corporation (Japan), Schneider Electric (Europe), Wi Tricity Corporation (United States), General Electric (United States), Siemens AG (Europe) and Tesla (United States). Additionally, following companies can also be profiled that are part of our coverage like AeroVironment, Inc. (United States) and Robert Bosch GmbH (Europe). Analyst at AMA Research see United States Manufacturers to retain maximum share of Global EV Charger Service market by 2026. Considering Market by Power Rating , the sub-segment i.e. AC (Alternate Current) will boost the EV Charger Service market. Considering Market by Vehicle Type, the sub-segment i.e. BEV (Battery Electric Vehicle) will boost the EV Charger Service market. Considering Market by Charging Station , the sub-segment i.e. AC Charging Station will boost the EV Charger Service market.
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What Can be Explored with the EV Charger Service Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global EV Charger Service Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in EV Charger Service
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global EV Charger Service market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in EV Charger Service market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Electrical Manufacturing, Suppliers, Consumers Electronics, Electric Vehicles Manufacturing and Manufacturing Industries.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.
Frequently Asked Questions (FAQ):1. What is the growth rate predicted for the Global EV Charger Service Market?
The EV Charger Service market is expected to see a CAGR of % during projected year 2020 to 2026.
2. Who are the top performing companies in EV Charger Service Market?
Top performing companies in the Global EV Charger Service market are EVgo Services LLC. (United States), ChargePoint, Inc. (United States), Blink Charging Co. (United States), Toshiba Corporation (Japan), Schneider Electric (Europe), Wi Tricity Corporation (United States), General Electric (United States), Siemens AG (Europe) and Tesla (United States), to name a few.
3. What trending factors would impact EV Charger Service Market growth most?
"Rising battery electric vehicles day-by-day
" is seen as one of major influencing trends for EV Charger Service Market during projected period 2020-2026.