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Showing posts with the label Electric Vehicle (EV) Charging Station Industry

Global Electric Vehicle (EV) Charging Station Industry to Reach USD 12.9 Billion by 2024

According to Goldstein Research, global electric vehicle (EV) charging station market is expected to reach USD 12.9 billion by the end of 2024, growing at a CAGR of 25.7% over the forecast period, 2016-2024. Growth in sales of electric vehicles and rising environmental concerns are the major drivers of the growth of EV charging station market. Global Electric vehicle charging station market segmentation has been done on the basis of charging station type, charging connector type, charging station location and geography. AC charging station acquires largest market share of more than 45% and it is expected to continue its dominance over the forecast period, growing at a CAGR of 18.4%. Global Electric vehicle charging station market is dominated by Asia-Pacific, accounted for 40% revenue share. China has been the fastest growing market on the back of most opportunistic region for the growth of EV charging station. APAC is closely followed by North America and Europe. Market Seg...