TechNavio today launched its report Global Electric Vehicle Charging Station Market 2011“2015 based on an in-depth study covering the Americas, and EMEA and the APAC regions. The report aims to aid decision makers™ understanding of present and the future landscape of the market.
Commenting on the report, an analyst from TechNavio™s Clean Tech team said; Level 1 stations (residential stations) are in high demand in the US and they will represent half of the total Electric Vehicle (EV) charging stations shipped by 2015. Hence, the market in the US will witness the emergence of many small players providing residential stations in the future. Similarly, with the majority of Chinese people living in apartments, public stations will be in huge demand, which can be clearly anticipated by governments when promoting the installation of public stations. Hence, level 2 public station manufacturers will definitely witness a huge demand for their products. This increased demand for level 1 and level 2 stations will induce the growth of the Global EV Charging Station market.
According to the report, the shortage of oil reserves is one of the major factors inducing the growth of the Global EV Charging Station market. The main reason for the oil shortage is the rapid oil demand from developing countries and a simultaneous decline in the oil supply. As a result, various governments are funding and subsidizing EV and equipment manufacturers to increase the adoption of EVs.
Further, the report also discusses that the lack of a proper battery range of EVs is one of the significant barriers for the growth of the Global EV Charging Station market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players.
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For further information, please visit https://www.technavio.com/content/global-electric-vehicle-charging-station-ma…
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TechNavio Announces the Publication of its Report “ Global Electric Vehicle Charging Station Market 2011“2015
