ReportsnReports.com adds Global Electric Vehicle Charger Market 2017-2021 latest research report; the analysts forecast global Electric Vehicle Charger industry to grow at a CAGR of 43.72% during the period 2017-2021.
Pune, Maharashtra -- (SBWIRE) -- 08/07/2017 -- According to the Electric Vehicle Charger market report, one driver in the market is government incentives and subsidies for EV charger infrastructure developments. Charging locations are categorized as home and on-road based on their location and as private and public based on infrastructure providers. OEMs offer home-based charging solutions with EV purchases; however, the challenge remains with the availability of on-road private and public charging facilities. According to studies, consumers in regions with poor availability of on-road charging infrastructure do not prefer to opt for EVs even when they have home-based charging solutions.
Complete report on Electric Vehicle Charger market spread across 86 pages, analysing 16 major companies with table of content are now available at http://www.reportsnreports.com/reports/1150425-global-electric-vehicle-charger-market-2017-2021.html
The following companies as the key players in the global electric vehicle charger market: AeroVironment, ChargePoint, Evatran, and Leviton.
Other Prominent Vendors in the market are: ABB, AddÉnergie, Bosch, Delphi Automotive, Efacec, EV-Box, Gill Industries, Mojo Mobility, Momentum Dynamics corporation, POD Point, Signet Electronic Systems, and WiTricity.
Electric vehicle charger market analyst says one trend in the market is powering EV charging stations through renewable energy. The use of renewable energy to power EV charging stations for reducing the demand for electricity from power grids has been in the talks for many years. Charging stations powered by solar panels is one such trend in the industry. The decreasing price of solar panels and their easy installations on business buildings and shopping malls are driving this trend in the market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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Global Electric Vehicle Charger Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. The report covers the present scenario and the growth prospects of the global electric vehicle charger market for 2017-2021. To calculate the market size, the report considers EV charger available volume.
Further, the report states that one challenge in the market is stringent approval rules for establishment of a charger unit. A service provider that intends to install a charging station must gain approval from local governments in terms of regulatory mandates, plot owners in case of the installation is on a private property, utility providers for the energy transfer, and importantly energy providers for the large amount of energy needed in these stations without interruptions. Creating a complete business structure for the establishment of charger stations is complex as many stages are involved in the value chain.
An electric vehicle (EV) charger supplies the electricity required to recharge the batteries in pure EVs and plug-in hybrid electric vehicle (PHEVs). They are also called as EV supply equipment (EVSE), and electric charging points. The market includes wired or wireless EV charger which is used residentially or commercially to charge EVs (pure EVs and PHEVs). The global automotive industry is focusing on exploring alternative propulsion technologies to curb vehicle emissions and achieve higher fuel economy in vehicles.
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Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key industry trends?
What is driving this market?
What are the challenges to industry growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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