The Electric Vehicle (EV) Charging Station Infrastructure Market in North America, China, Japan and Germany is expected to experience notable growth over 2021-2029 owing to increased sales of electric vehicles in those countries

Leviton Manufacturing Co., Inc., SemaConnect Inc., Schneider Electric, Siemens, Tesla, Inc., Shell International BV, Blink Charging Co., Webasto Charging Systems, Inc., ChargePoint, Inc., ABB Ltd. and other key market players.

New York, June 1, 2021 (GLOBE NEWSWIRE) – Environmental pollution can be triggered by a variety of sources, such as gaseous pollutants, particulate matter (PM) and others. One of the major contributors to environmental pollution includes high vehicle emissions, which are due to the availability of a large fleet of vehicles powered by conventional fossil fuels. The United States Environmental Protection Agency (EPA) said in one of its statistics that approximately 4.6 metric tons of carbon dioxide (CO2) are emitted per year by a passenger vehicle. typical.

To fight against climate change, the United Nations has supervised the 13e Sustainable Development Goal (SDG) which enables nations to take urgent action to tackle environmental pollution and formulate strategies to adopt green initiatives, such as the adoption of electric vehicles, which can help reduce vehicle emissions.

Research Nester added a detailed report on “Electric Vehicle (EV) Charging Station Infrastructure Market in North America, China, Japan and Germany»In its repository of market research reports. The report contains a detailed analysis of the market including the latest trends, underlying opportunities, and challenges associated with market growth for the period 2020-2029. Readers of this report can also find detailed information as well as growth indicators which paint a detailed picture of how the market is growing.

Electric vehicle charging station infrastructure refers to all electric vehicle charging equipment that is deployed in a commercial or residential setting. The growth of the electric vehicle charging station infrastructure market can be attributed to the growth in sales of various types of electric vehicles, including battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs) and others, as well as the increasing availability of electric charging stations in several countries around the world and the growing advancements in EV chargers. According to statistics from the Transportation Research Center of the Argonne National Laboratory, sales of electric vehicles in the United States increased from 10.1 thousand in 2011 to 242 thousand in 2019. In addition, according to statistics from the Center for data on alternative fuels (AFDC) from the US Department of Energy (DOE), charging stations for electric vehicles in the United States increased from 541 (number of stations) in 2010 to 78,301 in 2019. Driven by Supportive government initiatives that promote the adoption of electric vehicles, the market for electric vehicle (EV) charging station infrastructure in North America, China, Japan and Germany is estimated to grow at a significant CAGR in during the forecast period, namely 2021-2029.

“The final report will cover the impact analysis of COVID-19 on this industry.”

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The electric vehicle (EV) charging station infrastructure market in North America, China, Japan, and Germany is segmented by charger type into slow, moderate, fast, and ultra-fast chargers. Apart from these segments, the fast chargers segment is expected to dominate the market by the end of 2021, supported by the increasing availability of fast chargers in countries such as China, Japan, the United States and others. . Fast chargers are designed to charge electric vehicles in a very short period of time while protecting the vehicle’s batteries from overcharging at the same time. According to statistics from the International Energy Agency (IEA), China occupied the largest 82% share of the world share of publicly available electric vehicle fast chargers in 2019. In addition, Japan recorded 7,858 units, while the United States registered 13,093 units of publicly available electric vehicle fast chargers in the same year.

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The electric vehicle (EV) charging station infrastructure market in North America, China, Japan and Germany is also segmented on the basis of charging station type, charge level, connector type and by application.

Electric vehicle (EV) charging station infrastructure market in North America, China, Japan and Germany, segmentation by charging station type

Electric Vehicle (EV) Charging Station Infrastructure Market in North America, China, Japan and Germany, Segmentation by Charge Level

Electric Vehicle (EV) Charging Station Infrastructure Market in North America, China, Japan and Germany, Segmentation by Connector Type

Electric Vehicle (EV) Charging Station Infrastructure Market in North America, China, Japan and Germany, Segmentation by application

However, the unavailability of a universal charging connector in all of these geographies and the high cost of charging equipment are some of the factors predicted to restrain the growth of the market in the coming years.

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Impact of COVID-19 on the Electric Vehicle (EV) Charging Station Infrastructure Market in North America, China, Japan and Germany

Without a doubt, the impact of the coronavirus pandemic has been felt across all major industry verticals. Unlike other verticals, the automotive and transportation industry has also been one of the hardest hit industries, as new vehicle sales have been significantly affected and the government of geographies shifted its investment focus from business developments to new ones. emergency needs to minimize the spread of coronavirus disease. For example, the Chinese Ministry of Finance, a country known to have the world’s largest fleet of electric vehicles, announced a decrease in subsidies for new electric vehicles by 20% for the year 2021. However, the demand for electric vehicles procurement equipment (EVSE) in the United States and Canada for the public and private sectors increased by 3.6% and 2.4% respectively in the 2nd Quarter 2020 from 1st Quarter 2020, according to statistics from the National Renewable Energy Laboratory (NREL) of the United States Department of Energy (DOE).

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Some of the major players in the electric vehicle (EV) charging station infrastructure market in North America, China, Japan and Germany are Leviton Manufacturing Co., Inc., SemaConnect Inc., Schneider Electric, Siemens, Tesla , Inc., Shell International BV, Blink Charging Co., Webasto Charging Systems, Inc., ChargePoint, Inc., ABB Ltd.

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