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(IT-NEWSWIRE.COM, June 05, 2021 ) Ultra-quick DC charge stations is trending in the electric vehicle charging stations market. Ultra-quick DC charge helps in supplying direct power of up to 125 kW to vehicle without any converter. These ultra-quick DC charge stations have the capability to charge 80% of the electric supply required for vehicle within 20 min time span. With the increasing demand for EV the need for more charging stations is increasing. In order to cope with the demand and make availability of low energy charging points, the ultra-quick DC charge station is the solution. Also, to deal with new upcoming EV in the market that requires high power rates for charging. There are 3 types of DC fast charging options, Combined Charging System (CCS), CHAdeMO and Tesla Supercharger. For example, ITT Inc., has introduced high performance ultra-fast DC charging solutions under the brand name Canon.
The electric vehicle charging stations equipment market consist of sales of the equipment required in the setup of electric vehicle charging stations. These electric vehicle charging stations are used to recharge the vehicles by connecting to the electricity source.
The electric vehicle charging stations equipment market covered in this report is segmented by type into AC charging, DC charging, inductive charging.
Electric Vehicle Charging Stations Equipment Market Report Segments:
1) By Type: AC Charging, DC Charging, Inductive Charging
2) By Vehicle Type: Battery Electric Vehicles (BEV), Plug-In Electric Vehicles (PHEV), Hybrid Electric Vehicles (HEV)
3) By Charging Type: Level One Charging (120 Volts), Level Two Charging (240 Volts), DC Fast Charging (480 Volts)
Read More On The Global Electric Vehicle Charging Stations Equipment Market Report: https://www.thebusinessresearchcompany.com/report/electric-vehicle-charging-stations-equipment-global-market-report
Electric Vehicle Charging Stations Equipment Market Size Forecast:
The global electric vehicle charging stations equipment market is expected to grow from $117.27 billion in 2020 to $129.07 billion in 2021 at a compound annual growth rate (CAGR) of 10.1%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The electric vehicle charging stations equipment market is expected to reach $390.59 billion in 2025 at a CAGR of 31.9%.
Major Players in the Electric Vehicle Charging Stations Equipment Market:
ABB Ltd
Siemens AG
The New Motion BV
Tesla Motors Inc.
ClipperCreek Inc.
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Electric Vehicle Charging Stations Equipment Global Market Report 2021: COVID-19 Growth And Change To 2030 is one of a series of new reports from The Business Research Company that provide market overviews, analyze and forecast market size and growth for the whole market, segments and geographies, trends, drivers, restraints, leading competitors’ revenues, profiles and market shares in over 1,000 industry reports, covering over 2,500 market segments and 60 geographies. The report also gives in-depth analysis of the impact of COVID-19 on the market. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. A highly experienced and expert team of analysts and modelers provides market analysis and forecasts. The reports identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Here Is A List Of Similar Reports By The Business Research Company:
Electric Car Charger Global Market Report 2021: COVID-19 Growth And Change
https://www.thebusinessresearchcompany.com/report/electric-car-charger-global-market-report
Electric Vehicle (EV) Batteries Global Market Report 2021: COVID 19 Growth And Change To 2030
https://www.thebusinessresearchcompany.com/report/electric-vehicle-batteries-market-global-report-2020-30-covid-19-growth-and-change
Electric Cars Global Market Report 2021: COVID 19 Growth And Change To 2030
https://www.thebusinessresearchcompany.com/report/electric-cars-market-global-report-2020-30-covid-19-growth-and-change
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