Research Nester’s recent market research analysis on “EV Charging Infrastructure Market: Global Demand Analysis & Opportunity Outlook 2037” provides a detailed competitor analysis and a comprehensive overview of the global EV charging infrastructure market in terms of market segmentation by charging level, charging point type, installation type, application, and region.

Rising Adoption of Electric Vehicles and Supportive Government Policies to Boost Global Market Share for EV Charging Infrastructure

The global EV charging infrastructure market is likely to experience significant growth in upcoming years, driven by the heavy adoption of electric vehicles. The growth of the market is further supported by various government policies, which also target increasing accessibility and efficiency in the EV charging networks. Key industry players are increasing their efforts in technological innovations, strategic partnerships, and aggressive investments. These initiatives are focused on expanding their charging networks and increasing their competitive stance in the global EV charging infrastructure market.

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Some key drivers and challenges influencing the global EV charging infrastructure market are:

Growth Drivers:

Increasing Adoption of Electric Vehicles
Supportive Government Policies
Technological Advancements in Charging Solutions
Challenges:

High Initial Investment Costs
Limited Charging Infrastructure in Remote Areas
By installation type, the fixed installation segment is likely to dominate the market with a 78.0% share during the forecast period. Fixed installations are primarily installed due to their reliability, scalability, and ease of integration into existing infrastructures. Fixed stations provide robust and convenient charging, ideal for public charging networks and commercial applications. For example, in July 2023, Siemens equipped 64 ENGIE Vianeo stations with 320 high-power EV chargers along freeway rest areas across France, showcasing fixed infrastructure Rollouts at Scale in high-traffic areas.

By region, Asia Pacific excluding Japan is anticipated to lead the EV charging infrastructure market through 2037. The growth in the regional market is boosted by the growing penetration of EVs, government incentives, and rising concerns related to sustainable energy solutions. China’s EV charging infrastructure industry is expected to hold a significant share during the regional forecast period. The growth can be attributed to expansion opportunities available for companies in the industry.

This report also outlines the existing competitive scenario of some of the key players in the global EV charging infrastructure market, including company profiling of ChargePoint, Inc., Tesla, Inc., ABB Ltd., Siemens AG, Schneider Electric SE, and EVgo Services LLC. These key players are focusing on product innovations, strategic initiatives, and expanding production capacity to meet the growing demand across various applications.

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