APAC Electric Charging Station Market to Surpass US$ 3,785.8 million by 2026 | Greenlots, ChargePoint Inc., Star Charge
NEW YORK, UNITED STATES, January 17, 2022 /EINPresswire.com/ -- Market Summery
New Research Study from Coherent Market Insights, evaluates the competitive landscape and predicts for future growth. The APAC Electric Charging Station Market study for the 2021–2028 analysis period comprises an in-depth investigation of various new and noteworthy industry trends, engagement analysis, and a very broad regional analysis.
The APAC electric charging station market was valued at US$ 1,238.4 million in 2017 and is expected to increase to US$ 3,785.8 million by 2026, registering a CAGR of 30.3% over the forecast period from 2018 to 2026
APAC Electric Charging Station Market Top Growing Companies -
· PluginIndia.com
· Greenlots
· Mitsubishi Motors Corporation
· ChargePoint Inc.
· NARI Technology Co. Ltd
· Blink Charging Co
· Toshiba Corporation
· Magenta Power
· Star Charge
· Efacec among others.
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APAC Electric Charging Station Market Overview -
The APAC electric charging station market is predicted to increase due to rising awareness of pollution concerns and efforts to mitigate them. One of the primary difficulties that Asian countries face is their reliance on imported fuels. The usage of electric vehicles aids in the reduction of fuel use. Furthermore, as compared to traditional fuel-based vehicles, these vehicles are more cost-effective. Electric charging stations are more advantageous than traditional fuel stations since they save money on fuel and require less maintenance.
Electric vehicles help to reduce reliance on foreign fuel, which benefits in the recovery of economic stability. Many government and corporate groups are funding electric vehicle and associated market studies. Furthermore, governments in many countries are offering incentives to firms to stimulate market expansion, knowing the economic and environmental benefits of electric vehicles. In addition, many transportation services are transitioning from traditional fuel-based cars to electric vehicles, which are predicted to be the mode of transportation of the future. As a result of these factors, the use of electric vehicles is increasing, and the APAC electric charging station market is predicted to develop over the forecast period.
Drivers & Trends -
The study includes a thorough examination of the many elements that contribute to the APAC Electric Charging Station market's expansion. It contains growth potential, drivers, restrictions, industry-specific difficulties and hazards, and opportunities that could negatively or positively impact the market. Every component has been thoroughly examined in order to provide a complete and accurate picture of the market.
Today, Japan, China, and Australia markets are major countries that contribute to growth of the APAC electric charging station market. India is also significantly contributing to the market. In July 2021, EV charging solutions provider Magenta started India’s largest public EV charging station in Navi Mumbai.
The APAC electric charging station market in China is driven by launch of sports electric vehicles. In June 2020, Xpeng Motors started China-wide delivery of its new P7 super-long range, high-performance, smart EV sports sedan, which runs on an in-house designed 3-in-1 electric drive system, a permanent magnet synchronous motor.
APAC electric charging station market in Australia is witnessing government expenditure to boost EV charging infrastructure. In June 2021, the Victorian Government committed US$ 5 million in funding to expand the state’s network of fast chargers to meet an expected surge in demand for zero emissions vehicles. The funding is part of a US$ 100 million package, which includes more than 20,000 subsidies.
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Segmentation of Analysis -
By Charging Station Type (AC Charging, DC Charging, and Wireless Charging)
By Technology Type (Level 1, Level 2, and Level 3 ), by End User (Private and Public)
Geography -
North America – (United States, Canada, Mexico, and Rest of North America)
Europe – (Germany, France, United Kingdom, and Rest of Europe)
Asia Pacific – (China, Japan, India, and Rest of Asia Pacific)
Latin America – (Brazil and the Rest of Latin America.)
The Middle East & Africa – (Saudi Arabia, the UAE, South Africa, and the Rest of the Middle East & Africa)
Methodology of Research -
The accurate information in the APAC Electric Charging Station market research is supplied in the shape of diagrams and pie graphs for the convenience of readers. The overall presentation of the report is interesting, with a basic structure, arrangements, and specific data based on reassurance and awareness. Administrators, major actors on the lookout, topographical division, product type and depiction, and market end-customer applications were all analysed by the investigation team. For each segment and region, it calculates transaction revenues. The report's goal is to give a more complete view of the current situation, the economic slump, and COVID-19's impact on the overall business.
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The Report's Key Takeaways -
· The major market participants, such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors, and others, are examined in the report.
· There is a detailed description of each company. The research also includes information on the company's capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and technological advancements.
· The market's growth factors are examined in depth, as are the market's many end users.
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· Data and information by market player, area, kind, application, and other criteria can be added, as well as bespoke research tailored to unique needs.
· The market's SWOT analysis is presented in this study.
Mr. Shah
Coherent Market Insights Pvt. Ltd.
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