Press release
Europe's Electric Vehicle Charging Stations Market Set to Surpass $34 Billion by 2030
Meticulous Research®, a globally recognized market research leader, has unveiled its latest report titled 'Europe Electric Vehicle Charging Stations Market by Component, Charging Type, Connection Type (Connectors, Wireless Charging), Mounting Type, Vehicle Type (Passenger Cars, Two-wheelers & Scooters), End User, and Geography - Forecast to 2030.' This comprehensive report forecasts the Europe electric vehicle charging stations market to achieve a remarkable valuation of $34 billion by 2030, exhibiting a robust CAGR of 25.9% throughout the forecast period.
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The growth trajectory of this market is propelled by escalating demand for EV fast-charging infrastructure, substantial governmental initiatives fostering charging infrastructure development, and substantial investments by companies in electric vehicle charging stations. While the high installation costs present a challenge, the increasing embrace of electric mobility in emerging economies, coupled with robust government support for zero-emission vehicles (ZEVs), offers promising growth opportunities. Nevertheless, challenges such as high electricity tariffs in developing countries pose a significant hurdle for market players. The report also highlights the latest trend in the Europe electric vehicle charging station market: the emergence of stations powered by renewable energy.
Key Market Segments:
1. Component Segment Overview
• Hardware: Expected to lead the market in 2023, driven by increased deployment and government initiatives.
• Software: Anticipated to register the highest CAGR due to rising transparency in electricity consumption and growing demand for real-time EV fleet management.
• Services: Comprising system integration, installation, and maintenance, this segment plays a pivotal role in the market landscape.
To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/europe-electric-vehicle-charging-stations-market-5277
2. Charging Type Segment Dynamics
• Level 2: Predicted to dominate the market in 2023, driven by widespread use in residential and commercial applications.
• DC Fast Charging: Foreseen to exhibit the highest CAGR during the forecast period, supported by automakers' investments in infrastructure for long-range battery-electric vehicles.
• Level 1: Holds a significant market share, facilitated by government incentives promoting installation.
3. Connection Type Segment Insights
• Connectors: Expected to capture the largest market share in 2023, driven by the increasing need for high-power DC fast charging.
• Pantographs: Witnessing steady growth, aligned with international standards and regulations.
• Wireless Charging: Displaying notable potential, especially in static and dynamic wireless EV charging.
4. Mounting Type Segment Analysis
• Wall Mount: Expected to hold the largest market share in 2023, driven by compact, cost-effective high-speed charging solutions.
• Pedestal Mount: Witnessing steady adoption, particularly in residential and commercial parking lots.
• Ceiling Mount: Displays potential for growth during the forecast period.
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5. Vehicle Type Segment Landscape
• Passenger Cars: Predicted to account for the largest market share in 2023, driven by favorable government policies and proactive OEM involvement.
• Heavy Commercial Vehicles: Anticipated to exhibit the highest CAGR, propelled by increasing adoption for public transport and freight services.
6. End User Segment Outlook
• Commercial EV Charging Stations: Expected to dominate the market, with a notable share attributed to government regulations and incentives.
• Residential EV Charging Stations: Displaying growth potential, driven by increasing installation for cost savings and emission reduction.
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7. Regional Analysis
• Germany: Foreseen to lead the market, supported by substantial government investments, charging infrastructure development, and corporate investments.
• Denmark: Expected to register the highest CAGR, propelled by government initiatives in emission reduction and tax incentives for electric vehicle purchases.
Strategic Insights and Key Players The report profiles key players in the Europe electric vehicle charging station market, including ChargePoint Holdings, Inc., Blink Charging Co., ABB Ltd., Tesla, Inc., BP p.l.c., Shell Plc, Électricité De France, EVBox Group, Connected Kerb Limited, HANGZHOU AONENG POWER SUPPLY EQUIPMENT CO., LTD., Webasto Group, and Siemens AG.
Meticulous Research®'s comprehensive report provides a thorough analysis of the market at regional and country levels, offering valuable insights for industry competitors.
For a detailed understanding and free sample pages of the report, please visit https://www.meticulousresearch.com/download-sample-report/cp_id=5277
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