Asia-Pacific Electric Vehicle Charging Stations Market is Expected to Grow at 49.5% in the Forecast Period of 2020 to 2027

Asia-Pacific Electric Vehicle Charging Stations Market is forecast to grow at 49.5% with factors such as increasing trends of electric vehicle. Stringent government regulations towards vehicles emissions, increasing demand of fuel-efficient, high performance and low emission is driving the electric vehicle charging stations market and also increasing environment concerns.   

Asia-Pacific electric vehicle charging stations market has shown an exceptional penetration in China. Growing inclination towards electric vehicle has boosted market. In countries like Japan, South Korea, Australia rising awareness is creating opportunity for the electric vehicle charging stations market.

Asia-Pacific Electric Vehicle Charging Stations Market Scenario

According to Data Bridge Market Research, the market for electric vehicle charging stations market in China has the highest market share in Asia-Pacific which is followed by Japan and South Korea and the market leader for electric vehicle charging stations market is ABB which accounts an estimated market share of approximately 30% in Asia-Pacific. The company has gained outstanding sale through their wide presence.

For instance,

  • in August 2019, ABB got a new contract for Terra 184 electric vehicle chargers from Japan’s e-Mobility Power Co., Inc., (eMP) to modernize the infrastructure for the country’s electric vehicle market and accelerate the nation’s shift towards sustainable mobility. These Terra 184 electric vehicle chargers will be installed across the country to offer users quick and convenient charging options anytime, anywhere. This has helped the company to enhance their customer base.

Asia-Pacific Electric Vehicle Charging Stations Market

Trends Impacting the Market

Now the question is which other regions ABB, Siemens, and Tesla are targeting? Data Bridge has forecast a large growth in China electric vehicle charging stations market and the market leaders are targeting Japan, South Korea to be their next revenue pockets for 2020.   

The electric vehicle charging stations market is becoming more competitive every year with companies such as ABB, Siemens, and Tesla as they are the market leaders for electric vehicle charging stations. The DataBridge new reports highlight the major growth factors and opportunities in the electric vehicle charging stations market.   

For more analysis on the electric vehicle charging stations market request for a briefing with our analysts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=asia-pacific-electric-vehicle-charging-stations-market

Electric Vehicle Charging Stations Market Development

  • In July 2020, Groupe Renault launched charging solutions for fleets of electric or rechargeable hybrid vehicles by launching Elexent, a new subsidiary. Elexent will facilitate all infrastructure projects for recharging fleets of electric and plug-in hybrid vehicles. This has helped the company to overcome the obstacle of charging vehicles and to grow in the market with an enhanced product portfolio.
  • In March 2019, Tesla launched V3 Supercharging which is the world’s largest grid-connected batteries that enables the vehicles to charge faster than any other electric vehicle. The V3 supercharging is inbuilt with the 1MW power cabinet that is having the same design for utility-scale products that support peak rates of up to 250kW per car. The launch of the new product is going to enhance the brand image along with productivity for the company enhancing its revenue.

Scope of the Asia-Pacific Electric Vehicle Charging Stations Market

Electric vehicle charging stations market is segmented on the basis of countries into China, Japan, South Korea, Australia, India, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific. 

  • Country based analysis of electric vehicle charging stations market is further analyzed based on further segmentation. On the basis of charging stations, the Asia-Pacific electric vehicle charging stations market is segmented into AC charging/normal charging station, DC charging/super charging station and inductive charging station. On the basis of vehicle type, the Asia-Pacific electric vehicle charging stations market is segmented into battery electric vehicle (BEV) and plug-in hybrid electric vehicles (PHEV). On the basis of installation type, the Asia-Pacific electric vehicle charging stations market is segmented into commercial, apartments and others. On the basis of technology, the Asia-Pacific electric vehicle charging stations market is segmented into level 1, level 2 and level 3. On the basis of charger type, the Asia-Pacific electric vehicle charging stations market is segmented into portable charger and fixed charger.  

To know more about the study https://www.databridgemarketresearch.com/reports/asia-pacific-electric-vehicle-charging-stations-market

Key Pointers Covered in Electric Vehicle Charging Stations Market Industry Trends and Forecast to 2027

  • Market Size
  • Market Standards and Changes
  • Recent Developments for Market Competitors
  • Sales Data for Market Competitors
  • Key Vendors and Disruptors Study

Key Market Competitors Covered in the Electric Vehicle Charging Stations Market Report

  • ABB
  • Tesla
  • Siemens
  • Daimler AG
  • ChargePoint, Inc.
  • Eaton
  • Groupe Renault
  • Phihong USA Corp.
  • Schneider Electric
  • Shell International BV
  • Tata Power
  • Total
  • Webasto Thermo & Comfort

Above are the key players covered in the report, to know about more and exhaustive list of electric vehicle charging stations companies, contact us https://www.databridgemarketresearch.com/toc/?dbmr=asia-pacific-electric-vehicle-charging-stations-market

Research Methodology: Asia-Pacific Electric Vehicle Charging Stations Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

  • Demand Side: Product Managers, Manufacturers
  • Supply Side: Service Providers, Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.

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