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  • 22 October 2019 18:31

Electric Vehicle Charging Station Market Overview

Electric Vehicle Charging Station Market growth driven by increasing demand for energy-efficient automobiles.

The growing demand for energy-efficient automobiles is one of the critical factors that will drive electric vehicle charging station market growth. The demand for energy-efficient automobiles such as EVs is growing rapidly owing to the increasing focus on reducing environmental pollution caused by gasoline and petrol. Additionally, the growing price of crude oil and the falling price of batteries will also boost the demand for EVs. Countries such as China and the US are the key adopters of electric vehicles. With the introduction of stringent emission regulations, the demand for electric vehicles will increase in the coming years. This will subsequently augment the need for electric vehicle charging stations, driving market growth at a CAGR of over 40.5%.

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The global electric vehicle charging station market is expected to grow at CAGR 40.5% during the forecast period, 2019-2026 and will reach over USD 30.8 Billion by 2026.

Top EV charging station manufacturers covered in this market study

EV charging station market is moderately fragmented owing to the presence of market players focusing on developing advanced products. As a result, the market’s competitive landscape is quite intense. By offering a complete analysis of the market’s competitive landscape and with information on the applications provided by the companies, this EV charging station market industry analysis report will allow the clients to identify new growth opportunities and design innovative strategies for improving their share in the market.

The report offers a complete analysis of several EV charging station manufacturers including:

ABB ChargePoint ENGIE Tesla Webasto Group

For More Details, Visit@ Electric Vehicle Charging Station Market

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