Increasing investments by vendors to install EV charging infrastructure propel the electric vehicle charging infrastructure market to grow by $ 37.10 billion during 2021-2025.
According to the recent report on the Global Electric Vehicle Charging Infrastructure Market 2021-2025 by Research and Markets, the market is anticipated to grow at a CAGR of 36.64% by 2025.
The charging infrastructure market is driven by the rise in government initiatives that support the installation of EV charging stations and the growing production of EVs, the report mentioned.
The report said that the electric vehicle charging infrastructure market provides a holistic analysis, market size and forecast, trends, growth drivers, challenges, and vendor analysis covering around 25 vendors. In addition, the report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment.
The electric vehicle charging infrastructure market analysis includes the type segment and geographic landscape. In addition, the robust vendor analysis is designed to help improve the market position of the players in this space. In line with this, the report provides a detailed analysis of several leading electric vehicle charging infrastructure market vendors that include ABB, BP, E.ON SE, EVgo Services, Infineon Technologies, Royal Dutch Shell, Schneider Electric SE, Siemens AG, The Mobility House, and Webasto.
Also, the report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategise and leverage all upcoming growth opportunities.
Courtesy: Research and Markets. NB: Photo is representational.