PUBLISHER: Market Research Future | PRODUCT CODE: 1327675
PUBLISHER: Market Research Future | PRODUCT CODE: 1327675
The demand for electric vehicles has increased due to growing environmental consciousness regarding the effects of gasoline-powered automobiles. Government programs are also encouraging the use of electric cars. Thus, it is anticipated that throughout the projected period, the adoption and building of heavy-duty charging infrastructure will increase along with the rise in demand for electric vehicles. In most nations, the selling of electric vehicles and the construction of charging infrastructure are still in their infancy. Governments are concentrating on building charging stations to accelerate the uptake of electric vehicles. The requirement for the use of electric vehicles has been prompted by the rising levels of carbon emissions and other dangerous substances resulting from transportation. As a result, there is a growing need for an electric vehicle (EV) charging infrastructure in both business and residential settings. Additionally, expanding collaborations between automakers to provide charging stations using a subscription model is anticipated to fuel industry expansion.
As per MRFR, the US and EU autonomous heavy-duty EV charging market has been growing over the past few years. It is expected to reach USD 1,071.4 Million by 2030, at a CAGR of 39.6% during the forecast period, 2022-2030.
The US and EU autonomous heavy-duty EV charging market is expected to grow at 39.6% CAGR during the forecast period, 2022-2030. In 2021, the market was led by the US with a 29.56% share, followed by Germany and Netherlands with shares of 29.00% and 21.42 %, respectively. The expansion of public and private sector initiatives to entice consumers to switch to electric vehicles is what is causing the market. Numerous initiatives have promoted the usage of electric vehicles and increased customer understanding of their benefits.
The US and EU autonomous heavy-duty EV charging market has been segmented based on charger type, charging type, and region. By charger type segment, DC charger accounted for the largest market share with a market value of USD 37.5 Million in 2021, which is projected to grow at a CAGR of 39.2% during the forecast period. Based on the charging type, hardware accounted for the largest market share with a market value of USD 40.5 Million in 2021 and is projected to grow at a CAGR of 39.4%.
The major players in the US And EU Autonomous Heavy Duty EV Charging Infrastructure market include Tesla, Schneider Electric, Siemens, ENGIE SA, Eaton Corporation plc, Volta, Shell Recharge Solutions, ChargePoint, Inc., ABB, Rocsys, and Einride AB.
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