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Outlook on the Electric Vehicle Charging System Global Market to 2030 - Opportunity Analysis and Industry Forecasts - ResearchAndMarkets.com

·3 min read

DUBLIN, October 11, 2021--(BUSINESS WIRE)--The "Electric Vehicle Charging System Market by Product Type, Mode of Charging and Charging Voltage Level: Global Opportunity Analysis and Industry Forecast, 2021-2030" report has been added to ResearchAndMarkets.com's offering.

Electric vehicle charging systems are used to connect the plug-in electric vehicle and electric vehicle to an electricity outlet to charge the battery of the vehicle. In addition, various automobile giants and electric component companies are working toward the development of advanced electric vehicle charging system to meet the rise in demand for electric vehicles.

The electric vehicle charging system market is segmented on the basis of product type, mode of charging, charging voltage level, and region. By product, the market is classified into home charging systems and commercial charging systems. By mode of charging, it is categorized into plug-in charging system and wireless charging system. By charging voltage level, it is divided into level 1, level 2, and level 3. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Factors such as growth in production of electric vehicles, rise in adoption of electric vehicle owing to government initiatives, and increase in demand for low-emission and fuel-efficient vehicles are expected to boost the growth of the electric vehicle charging system market. However, high cost of electric vehicles and high cost of electric vehicle charging infrastructure restrains the growth of the market. Furthermore, development of wireless charging technology and incorporation of Vehicle-To-Grid (V2g) EV Charging Stations provide lucrative growth opportunity for the players operating in the electric vehicle charging system market.

Key Benefits

  • This study presents analytical depiction of the online car buying market along with the current trends and future estimations to depict imminent investment pockets.

  • The overall market potential is determined to understand profitable trends to enable stakeholders gain a stronger foothold in the market.

  • The report presents information related to key drivers, restraints, and opportunities with detailed impact analysis.

  • The current market is quantitatively analyzed from 2020 to 2030 to highlight the financial competency of the market.

  • Porter's five forces analysis illustrates potency of buyers and suppliers.

Market Dynamics

Drivers

  • Growth in production of electric vehicles

  • Rise in adoption of electric vehicle owing to government initiatives

  • Increase in demand for low-emission and fuel-efficient vehicles

Restraints

  • High cost of electric vehicles

  • High cost of electric vehicle charging infrastructure

Opportunities

  • Development of wireless charging technology

  • Incorporation of Vehicle-To-Grid (V2g) EV Charging Stations

Key Players

  • BorgWarner Inc.

  • Delta Electronics, Inc.

  • Eaton Corporation plc

  • General Electric

  • Moser Services Group, LLC

  • Plugless Power Inc.

  • Robert Bosch GmbH

  • Schneider Electric

  • Siemens AG

  • Tesla

  • Webasto Group

For more information about this report visit https://www.researchandmarkets.com/r/97k6iy

View source version on businesswire.com: https://www.businesswire.com/news/home/20211011005465/en/

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