Electric Vehicle Fast Charging System Market Size to Reach USD 10.67 Billion by 2028 | Global Analysis, Industry Statistics, Revenue, Demand and Trend Analysis Research Report by Emergen Research
Vancouver, British Columbia, Feb. 01, 2021 (GLOBE NEWSWIRE) — The global Electric Vehicle Fast Charging System Market is projected to reach a market size of USD 10.67 Billion in 2028 and register a substantially high revenue growth rate of 25.4%, during the eight-year forecast period, according to latest analysis by Emergen Research. A surge in the adoption of electric vehicles and higher penetration for the fast charging electrification for the public transport is likely to spur up the demand for electric vehicle fast charging system. Also, numerous public transport agencies collaborating with automotive companies for the setting up of charging stations that are capable of offering fast charging systems for electric buses are causing a huge market growth.
Claim Your FREE Sample Copy with Table of [email protected] https://www.emergenresearch.com/request-sample-form/67A higher number of ride hailing, route vehicles public transport system are adopting the electric vehicles owing to the higher profit offering. These public transport vehicle owner require fast charging system, which reduces idle time for their vehicle and increase the ability to provide more operational efficacy. Additionally, the increasing focus by various automotive firms such as BMW, Tesla, Volkswagen Group, and ChargePoint, Inc., among others, on the installation of the advanced charging stations throughout various destinations, including movie theatres, shopping malls, stadiums, hotels, and airports, among others, is projected to fuel the demand for the overall marketKey Highlights of ReportIn February 2019, Hubject announced about entering into a partnership with electric vehicle charging firm Greenlots to implement its groundbreaking ISO 15118 Plug&Charge technology in the North American region. Customers with the novel, Plug & Charge-enabled vehicles would no longer need to be concerned about using a card or an app to pay for the charge.The market in the Asia Pacific region, in terms of value, contributed to the largest market share of plug-in hybrid PHEV in 2019 and is likely to grow at the fastest rate of 39.8% in the forecast period, attributed to increasing concern towards environmental pollution and government support to promote sustainable mobility.By region, North America accounted for the largest market share of the Electric Vehicle Fast Charging System Market in 2019.The market is projected to see a substantial growth owing to its huge implementation in various areas verticals especially in North American region. Extensive proliferation of the EV fast charging infrastructure especially in the United States and rising investment in the EV charging infrastructure, is anticipated to stimulate demand for the market.Major companies operating in Electric Vehicle Fast Charging System Market include Advanced Vehicle Manufacturing, Inc., Delta Electronics, Inc., EVBox, ABB, Blink Charging Co, ChargePoint, Inc., Elmec Inc. Hong Kong EV Power Limited, GARO, Proterra Inc., Schneider Electric, and Siemens.Check Our [email protected] https://www.emergenresearch.com/select-license/67
Emergen Research has segmented the Electric Vehicle Fast Charging System Market in terms of charger type, installation type, application, and region:Charger Type Outlook (Revenue, USD Billion; Volume: Thousand Units; 2018–2028)CCSCHADEMOTesla SuperchargerTYPE-2 (IEC 62196)OthersInstallation Type Outlook (Revenue, USD Billion; Volume: Thousand Units; 2018–2028)PortableFixedApplication Outlook (Revenue, USD Billion; Volume: Thousand Units; 2018–2028)PublicPrivateBattery Type Outlook (Revenue, USD Billion; Volume: Thousand Units; 2018–2028)Lead-AcidNickel-Cadmium (Ni-Cd)Lithium-ion (Li-ion)Solid State Lithium-ion (SSB)Click to access the Report Study, Read key highlights of the Report and Look at Projected Trends: https://www.emergenresearch.com/industry-report/electric-vehicle-fast-charging-system-marketRegional Outlook (Revenue, USD Billion; Volume: Thousand Units; 2018–2028)North AmericaU.S.CanadaMexicoEuropeGermanyUKFranceBENELUXRest of EuropeAsia PacificChinaJapanSouth KoreaRest of APACLatin AmericaBrazilRest of LATAMMiddle East & AfricaSaudi ArabiaUAERest of Middle East & AfricaTake a Look at our Related Reports:AI-Enabled Medical Imaging Solutions Market By Product (Software, Hardware), By Workflow (Image Acquisition, Image Analysis, Reporting, and Communication), By Therapeutic Application (General Imaging, Specialty Imaging), By Deployment Mode, By Modality, and By Region, Forecasts to 2027Smart Factory Market By Component (Industrial Robotics, Sensors, Control Devices, Industrial Network, Machine Vision), By Solution (PLC, PLM, MES, ERP, SCADA), By Industries (Process Industries and Discrete Industries), Forecasts to 2027Smart Manufacturing Market By Information Technology (Manufacturing Execution System, Industrial Communication), By Enabling Technology (Industrial Robotics, IIoT), By Industry (Aerospace & Defense, Automotive), Forecasts to 2027About Emergen ResearchEmergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.Contact Us:Eric LeeCorporate Sales SpecialistEmergen Research | Web: www.emergenresearch.comDirect Line: +1 (604) 757-9756E-mail: [email protected]Facebook | LinkdIn | Twitter | BlogsRead Full Press [email protected] https://www.emergenresearch.com/press-release/global-electric-vehicle-fast-charging-system-market