APAC Electric Charging Station Market Future Estimations AND Key Industry Segments Poised FOR Strong

An electric vehicle charging station provides electric energy for the recharging of electric vehicles, including electric cars, neighborhood electric vehicles, and plug-in hybrids. It is also called as EV charging station, electric recharging point, electronic charging station (ECS), and electric vehicle supply equipment (EVSE).

Market Dynamics

Use of electric vehicles is a major step towards reducing environmental hazards caused due to air pollution. Electric vehicles does not emit any hazardous gases that are responsible for air pollution. Due to this reason, many governments and environmental organizations are supporting growth of the electric vehicle market. For instance, according to the Government of India, electric vehicles are being taxed at 12%, as compared to 28% that petrol and diesel vehicles are subjected to.

Many Asian countries are replacing fuel-based vehicles with electric vehicles. For instance, according to Ministry of Energy, Science, Technology, Environment and Climate Change Malaysia, Malaysia is a major country in the adoption of electric vehicles. As per the government initiative known as National Electric Mobility Blueprint (EMB), country will replace diesel and petrol vehicles with electric vehicles and reduce the dependency on fossil fuel and greenhouse gas emissions.

Electric vehicles have more economic benefits over fuel cars. For instance, according to study in University of Michigan, for electric recharge of US$ 1, electric car can travel up to 36kms and for US$ 1, fuel car can travel only up to 18kms. This makes electric vehicles more cost-effective.

The Government of India is taking major steps towards establishing public electric charging stations. According to NITI Ayog report 2017, the Indian government is providing subsidiary for all the private investors investing in establishment of infrastructure for electric charging stations.

Key features of the study:

• This report provides in-depth analysis of APAC electric charging station market size (US$ Mn) and compound annual growth rate (CAGR %) for the forecast period (2018– 2026), considering 2017 as the base year
• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading market players
• It profiles leading players in the APAC electric charging station market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, electric charging station market capital, key developments, strategies, and future plans

Detailed Segmentation:

• APAC Electric Charging Station Market, By Charging Station Type:

  • AC Charging
  • DC Charging
  • Wireless Charging

• APAC Electric Charging Station Market, By Technology Type:

  • Level 1
  • Level 2
  • Level 3

• APAC Electric Charging Station Market, By End User:

  • Private
  • Public

Some of the key players operating in the APAC electric charging station market include PluginIndia.com, Greenlots, Mitsubishi Motors Corporation, ChargePoint, Inc., NARI Technology Co., Ltd, Blink Charging Co, Toshiba Corporation, Magenta Power, Star Charge, and Efacec among others.

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Contact Us:

Name: Mr. Raj Shah

Phone: US +12067016702 / UK +4402081334027

Email: sales@coherentmarketinsights.comVisit Our Blogs: https://blog.coherentmarketinsights.com

Avinash Pasalkar My blog are related to information technology