Global Energy Infrastructure for EV Charging Stations Market

Energy Infrastructure for EV Charging Stations Market Size, Share, Growth Analysis, By Component(transformers, electric distribution systems, heavy-duty cables, metering systems), By Energy source(renewable energy sources and non-renewable energy sources), By Region - Industry Forecast 2024-2031

Report ID: SQMIG25A2049 | Region: Global | Published Date: February, 2024
Pages: 242 | Tables: 65 | Figures: 75

Energy Infrastructure for EV Charging Stations Market News

In February 2022, ABB India launched a new series of electrical measuring and power monitoring meters for the digital panel meter market.

In September 2021, Terra 360, the world's quickest electric vehicle charger, was announced by ABB. This charging infrastructure can charge up to four vehicles at once and can fully charge an electric vehicle in 15 minutes.

Energy Infrastructure for EV Charging Stations Market Report Snapshots

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Global Energy Infrastructure for EV Charging Stations Market size was valued at USD 2.37 billion in 2022 and is poised to grow from USD 3.22 billion in 2023 to USD 37.72 billion by 2031, growing at a CAGR of 36.0% in the forecast period (2024-2031).

The global market consists of various regional and international players. Players in the market are adopting various strategies such as mergers & acquisitions, collaborations, and investments to stay ahead of the competition. Various new players are entering the regional market. 'Tesla', 'ChargePoint', 'ABB Group', 'Schneider Electric', 'Siemens AG', 'General Electric Company', 'Eaton Corporation plc', 'Leviton Manufacturing Co., Inc.', 'AeroVironment, Inc.', 'ClipperCreek, Inc.', 'EVBox', 'BP Chargemaster', 'Shell Recharge', 'Ionity', 'Electrify America', 'Enel X', 'Greenlots', 'EVgo', 'SemaConnect', 'FLO'

The key factors driving the growth of the global energy infrastructure for EV charging stations market are government initiatives to drive the adoption of EVs and associated infrastructure, as well as rising demand for EV fast-charging infrastructure. The market's players can anticipate considerable development prospects as a result of the rising use of electric mobility in emerging nations and the expanding deployment of charging stations by retail MNCs.

Government Initiatives to Promote EV Adoption and Build the Necessary Infrastructure is boosting demand for EV Fast-Charging Infrastructure Demand

Asia-Pacific is expected to account for the majority of the global energy infrastructure for the EV charging stations market by 2022. This segment's growth can be attributed to rising EV demand in countries such as China and Japan, as well as rising government initiatives to reduce greenhouse gas emissions, which are expected to increase EV adoption. Europe, on the other hand, is expected to grow at the fastest CAGR during the forecast period. Government initiatives to develop charging infrastructure across the region are driving growth in this market.

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Energy Infrastructure for EV Charging Stations Market Size, Share, Growth Analysis, By Component(transformers, electric distribution systems, heavy-duty cables, metering systems), By Energy source(renewable energy sources and non-renewable energy sources), By Region - Industry Forecast 2024-2031

Energy Infrastructure for EV Charging Stations Market News

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