 of 8.5% during 2023-2028.){kind=link}
According to the latest report by IMARC Group, titled, “India Electric Vehicle Charging Station Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The India electric vehicle charging station market is expected to exhibit a growth rate (CAGR) of 8.5% during 2023-2028.
An electric vehicle charging station is designed to connect electric vehicles (EVs) to a power source for charging hybrid electric cars and electric vehicles. The station includes an energy controller, facility meter, power grid, software platform, electric vehicle charger, and network operating system. It offers specific connectors that comply with various electric charging connector standards. In addition, it provides varying levels of charging, which aids in reading the level of harmful emissions from the vehicles. It also reduces ecological damage, eliminates greenhouse gas emissions (GHG), lowers maintenance costs, and improves public health. Owing to these benefits, electric vehicle charging station is gaining immense traction in the residential and commercial sector across India.
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India Electric Vehicle Charging Station Market Trends and Drivers:
The market is primarily driven by significant growth in the automotive industry. In addition, the escalating demand for electric vehicles (EVs) due to increasing fuel prices and increasing hazardous pollutants and carbon emissions are contributing to the market growth. Moreover, the incorporation of EV charging station systems with the Internet of Things (IoT) to offer real-time information regarding convenient slots for a fill-up and easy availability of vacant spots represents another major growth-inducing factor. Besides this, the government of India is promoting the adoption of electric vehicles (EVs) and related infrastructure and implementing several policies and programs for e-mobility and financial assistance for fleet businesses which is accelerating the product adoption rate. Furthermore, the extensive investment for faster adoption and manufacturing of electric (FAME) and hybrid vehicles in India, the development of wireless induction pads, and significant improvements in charging infrastructure in commercial spaces are creating a positive market outlook.
India Electric Vehicle Charging Station Market 2023-2028 Competitive Analysis and Segmentation:
Competitive Landscape:
- The competitive landscape of the industry has also been examined along with the profiles of the key players.
The report has segmented the market based on charging station type, vehicle type, installation type, charging level, connector type and application.
Breakup by Charging Station Type:
- AC Charging
- DC Charging
- Inductive Charging
Breakup by Vehicle Type:
- Battery Electric Vehicle (BEV)
- Plug-in Hybrid Electric Vehicle (PHEV)
- Hybrid Electric Vehicle (HEV)
Breakup by Installation Type:
- Portable Charger
- Fixed Charger
Breakup by Charging Level:
- Level 1
- Level 2
- Level 3
Breakup by Connector Type:
- Combines Charging Station (CCS)
- CHAdeMO
- Normal Charging
- Tesla Supercharger
- Type-2 (IEC 621196)
- Others
Breakup by Application:
- Residential
- Commercial
Breakup by Region:
- North India
- West and Central India
- South India
- East India
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Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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