Electric vehicle Charging Station Market Analysis From 2018 To 2023. Global Electric vehicle Charging Station Market by charging station (AC charging station, DC charging station and inductive charging station), Connector Type (chademo, CCS and others), and by Regions - Global Forecast To 2023.

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Global Electric vehicle Charging Station Market Highlights:

The global electric vehicle charging station market has witnessed significant growth in recent past. Rapidly rising popularity of electric vehicles among consumers has significantly contributed growth of the electric vehicle charging station market. Increasing awareness among individuals regarding the depleting state of the environment, combined with the substantial advantages of electric vehicles over traditional fuel based vehicles is expected to further fuel the demand for electric vehicles, leading to increasing demand for electric vehicle charging stations. With OEMs focusing on connected electric vehicle solutions for customers with electric vehicles range anxiety, the market for electric vehicle charging stations is poised for rapid growth in the near future.

The key players of global electric vehicle charging station market are ABB Ltd. (Switzerland), AeroVironment Inc. (U.S.), Elektromotive Limited (U.K.), GE Company (U.S.), and Schneider Electric SE (France). In 2016, these companies accounted for a share of XX% of the global market.

High initial cost associated with electric vehicles batteries is expected to act as a major hurdle for the electric vehicle charging station market. Although the electric vehicle battery prices have been declining at a steady pace, the batteries still constitute a major chunk of the electric vehicles price, thus alienating a significant customer base. 

The global electric vehicle charging station market has been segmented on the basis of charging station as AC charging station, DC charging station and inductive charging station. On the basis of connector type the market has been segmented as chademo, CCS and others. On the basis of region the market for electric vehicle charging station has been segmented into North America, Europe, Asia Pacific, Middle East & Africa and South America.

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