16th November,
2018- Electric
Vehicle AC Charging Station Market is expected to grow at a
significant CAGR in the upcoming years as the scope and its applications are
rising enormously across the globe. Electric Vehicle AC Charging Station is
also termed as EV charging station, or electric recharging point, or electric vehicle
supply equipment (EVSE) supplies the vehicles onboard charger that in turn
alters the AC power to DC allowing the battery to be charged. There are
charging station facilities available on the street that is provided by various
electric utility companies or are located at retail shopping centers, which is
operated by various private companies.
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Electric Vehicle AC Charging Station Market is segmented based
on types, product types, applications, and region. Type such as Fast Charger
and Slow Charger classify Electric Vehicle AC Charging Station Market. Product
types such as Wall-Mounted Station, Floor-Standing Station, and others classify
Electric Vehicle AC Charging Station Market. Applications into Commercial
Charging, Residential Charging, Public Charging, and others classify Electric
Vehicle AC Charging Station Market.
Commercial charging segment accounts for the largest market
share of Electric Vehicle AC Charging Station Market and is estimated to lead
the overall market in the years to come. The reason being, rising number of EV
vehicles owners. Electric Vehicle AC Charging Station Market is segmented
geographically into Americas (North America, Latin America), Europe (Eastern
Europe, Western Europe), Asia Pacific, Latin America, Middle East and Africa.
Globally, Asia Pacific accounts for the largest market share
of Electric Vehicle AC Charging Station Market and is estimated to lead the
overall market in the years to come. The reason being, rising government
funding for the R&D related to the electric vehicle (EV), rising use of
electric vehicles to reduce greenhouse gas emissions, and developing EV
infrastructure. In addition, expansion of the charging infrastructure for the
development of low carbon society is another factor boosting the overall market
in this region.
The key players of Electric Vehicle AC Charging Station
Market are EV Chargings Technology, GE, Green Energy Technology of China, Schneider,
Greentechy Industrial, AeroVironment, Beijing New Energy Technology,
ChargePoint, Shenzhen SETEC Power, Bosch Automotive Service Solutions, Ten
Sources Solar Electricity Limited, ABB, NARI Group Corporation, Aker Wade,
Leviton, Eaton, Legrand, Car Charging, Hitachi, Chargemaster, Siemens,
ClipperCreek, and Delta Electronics. These players are concentrating on
inorganic growth to sustain themselves amongst fierce competition. As such,
mergers, acquisitions, and joint ventures are the need of the hour.
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