PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1238839
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1238839
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EV Charging Kiosk Market size was valued at USD XX Million in 2022, expanding at a CAGR of 30.7% from 2023 to 2030.
EV charging kiosks are growing in demand as the rising CO2 emission and scarcity of gasoline such as petrol, diesel as another factor influencing automotive manufacturers to look after EV charging solutions.
Governments in both developed and developing nations are taking steps to promote the use of EVs. As a result, several governments are putting in place advantageous legislation and providing extra benefits. For instance, the European Green Cars Initiative of the European Union, the California Zero-Emission Vehicle Program, and the Faster Adoption and Manufacturing of Electric Vehicles (FAME) scheme of India are some of the major programs implemented by government authorities that provide tax benefits and incentives to manufacturers and consumers on the production and purchase of EVs. In the coming years, the demand for electric car charging stations is anticipated to increase as a result of such activities, which are anticipated to increase demand for EVs.
The need for EV charging stations with a grid connection (Vehicle-to-Grid) is anticipated to rise during the coming few years. For market participants, this element offers enormous growth prospects. Leading EV producers are stepping up their R&D efforts to create cutting-edge EVs that can be driven effortlessly on many sorts of terrain, roads, and weather situations. Throughout the projected period, these activities are anticipated to fuel business growth. Consumer desire for environmentally friendly, fuel-efficient, and safe vehicles has changed as a result of growing environmental concerns and an increase in fuel prices around the world. As a result, over the past several years, sales of both hybrid electric vehicles (HEVs) and electric cars (EVs) have increased.
The Global EV Charging Kiosk Market is segmented on the basis of EV Type, Charging Station, Application, and Region.
The market is divided into three categories based on EV Type: BEV, PHEV and HEV. The BEV segment dominates the market. The increasing demand for battery-powered vehicles and growing EV infrastructure are contributing to segment growth.
The market is divided into three categories based on Charging Station: AC charging station, DC charging station, and inductive charging station. The AC charging station segment dominates the market. The increasing demand high powered and energy-effective factors are contributing to segment growth.
The market is divided into two categories based on Application: residential and commercial. The commercial segment dominates the market and is likely to maintain its dominance during the forecast period. This is partly due to an increase in the demand for EV vehicles along supportive initiatives by government for EV infrastructure.
Geographically, this market is widespread into the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business.
North America held the largest market share in 2021 and is projected to continue its dominance during the forecast period. The growing adoption EV technologies and increasing number of EV market players in the region are contributing to market growth.
Due to the continued development in demand for EV technologies in the coming years, the worldwide market for EV Charging Kiosk is made of both international and local producers, making it one of the most competitive sectors in the world. Companies sell their products through a variety of channels, including corporate websites, e-commerce websites, retailers, distributors, and end consumers. Charging station makers compete on a variety of aspects, including product costs, performance, product making, application, reputation, and availability. Some of the primary techniques used by corporations to strengthen their reach and expand their market share include new product launches, distribution network development, R&D spending, and mergers and acquisitions. For instance, in June 2022, Tata power has set up 150 EV charging stations across Mumbai, India.
This proposed research study on EV Charging Kiosk market provides market size (US$ million), compound annual growth rate (CAGR %) and forecast estimation (2023-2030), considering 2022 as the base year
The research report elucidates potential growth opportunities across different segments/countries and explains attractive investment proposition matrix for EV Charging Kiosk market
The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain in the EV Charging Kiosk market
Impact of COVID-19 on EV Charging Kiosk market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight on EV Charging Kiosk market post-COVID will also be covered.
In order to give the users of this report a comprehensive view on the EV Charging Kiosk market, we have also included competitive landscape and key innovator analysis for the EV Charging Kiosk market.
The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate and attractiveness.
The report offers detailed company profiling featuring major market participants which will help users to understand their financial information and strategic initiatives of players operating in the EV Charging Kiosk market.
In addition, the report also unveil the important acquisitions & mergers, collaborations & joint ventures, new launch, research & development, regional expansion of major participants involved in the market on global as well as regional level.
The global EV Charging Kiosk market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts
The scope of this report covers the market by its major segments, which include as follows: