European EV Charging Infrastructure Market size is set to observe a lucrative growth in the coming years, according to a latest forecast report by Graphical Research.
The market growth is due to increasing investment toward charging infrastructure coupled with continuous ongoing research and development activities across the industry. The EV charging infrastructure is required by electric vehicles which transfer electric energy from distribution grid to vehicle battery. Furthermore, strong government derivatives and mandates aimed at limiting emissions of carbon dioxide and promoting energy efficiency systems.
DC charging segment will witness a remarkable growth till 2027 on account of the online R&D activities and capacity to store energy, connect to and send to the grid. These devices use very high tension and in just 30 minutes charge add 90 miles to an electric vehicle. Increasing consumer demand for rapid charging stations combined with the powerful CHAdeMO, CCS, Tesla Supercharger and GB/T link standards will complement product adoption.
Electric vehicle owners are continuing to work towards effective charging stations in their respective garages and parking facilities which will drive the demand for private charging units. In contrast to other chargers, level 1, chargers are positioned low on the electricity panel, making the choice for residential installation viable. Moreover, strict building energy and performance requirements in conjunction with a steep off-peak electricity rebate included by electricity providers, i.e., between 11:00 p.m. and 9:00 am, to enable electric power suppliers to pay for lowest demand periods.
Browse detailed statistical insights from the report, “Europe EV Charging Infrastructure Market Size By Charging Site (Public, Private), By Current (AC, DC), Research Report, Country Outlook (UK, Germany, Italy, Denmark), Price Trends, Growth Prospects, Competitive Industry Share & Forecasts, 2021 – 2027” along with the table of contents (ToC) @
The region is anticipated to be driven by rapid transformation in line with the adoption of energy efficient and electricity transport. The demand for sustainable energy vehicles operating on electricity has been stimulated on behalf of increasing adaptability of government standards along with increasing effects of GHG emissions and awareness toward environmental health.
Major players operating across the industry are aiming for technological advancements through M&A and strategic collaborations to sustain their position across the market. Key manufacturers across the industry include RWE, Volkswagen Group, BMW, Hyundai Motors, Mercedes-Benz, Schneider Electric, E. ON SE, ABB, Greenway Infrastructure, Siemens, ChargePoint and Nissan Motors.
The European EV Charging Infrastructure market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilotons & revenue in USD Million from 2016 to 2027 for the following segments:
Europe Market, By Current
Europe Market, By Charging Site
The above information has been provided for the following countries: