Market Research Report
Electric Vehicle Charging Stations
|Electric Vehicle Charging Stations|
Published: April 1, 2021
Global Industry Analysts, Inc.
Content info: 274 Pages
Delivery time: 1-2 business days
Global Electric Vehicle Charging Stations Market to Reach $64.4 Billion by 2027
Amid the COVID-19 crisis, the global market for Electric Vehicle Charging Stations estimated at US$7.4 Billion in the year 2020, is projected to reach a revised size of US$64.4 Billion by 2027, growing at aCAGR of 36.3% over the period 2020-2027. DC Charging Station, one of the segments analyzed in the report, is projected to record 38.9% CAGR and reach US$45.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the AC Charging Station segment is readjusted to a revised 31.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $2 Billion, While China is Forecast to Grow at 42.8% CAGR
The Electric Vehicle Charging Stations market in the U.S. is estimated at US$2 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$15.8 Billion by the year 2027 trailing a CAGR of 42.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 30% and 34.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 32.4% CAGR.
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