Electric Vehicle Charging Stations Market to Reach USD 19.967 bn by 2023
The electric vehicle charging station market was valued at USD 3.512 billion in 2017 and is projected to expand at a CAGR of 33.61% over the forecast period to reach USD 19.967 billion by 2023. The increasing adoption of electric vehicles globally caused by the government efforts to reduce emission and focus on the renewable sources of energy has to the growth of the electric vehicle charging station market.
This section provides comprehensive market dynamics through an overview section along with growth drivers, challenges and opportunities which exist in the current market. This section of the report also provides industry regulation as a whole; key industry, global and regional regulations which are determining the market growth and a brief technological aspect of electric vehicle charging station. Complete industry analysis has also been covered through Porter's five forces model as a part of this report section. Key industry players profiled as part of this report are ABB Ltd, Hong Kong EV Power, SORO Electronics, General Electric, Delphi Automotive, Aerovironment, Inc., and Elektromotive Ltd.