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EV Charging Infrastructure Market

2022-06-23T12:26:39Z

Santosh006: Created page with "The [https://www.theinsightpartners.com/reports/ev-charging-infrastructure-market EV charging infrastructure market] was valued at US$ 8,805.35 million in 2021 and is projected t..."

The [https://www.theinsightpartners.com/reports/ev-charging-infrastructure-market EV charging infrastructure market] was valued at US$ 8,805.35 million in 2021 and is projected to reach US$ 23,395.77 million by 2028; it is expected to grow at a CAGR of 15.0% from 2021 to 2028.

Market Overview:

Presently, EV charging stations are more common in private residences. However, the rising consumer demand has led to an active adoption of on-site commercial charging as a standard building feature. China, the EU-27 plus the UK, and the US, are expected to implement charging in residential and commercial buildings to scale up the EV charging infrastructure in the near future, which requires upgrading buildings' electrical infrastructure to satisfy the rising demand for EV charging. Additionally, EV charging at scale is subject to the careful planning of a building's electrical distribution system, along with the local electric-grid infrastructure. To enhance the accessibility and affordability of electric chargers, a large number of building developers, urban planners, and electrical-equipment suppliers are actively integrating the EV charging infrastructure into standard building design plans, thereby creating growth avenues for EV charging infrastructure market.

Furthermore, public charging stations in workplaces and dedicated EV charging hubs create massive opportunities to expand the EV charging infrastructure market owing to the rising adoption by less affluent buyers, including those residing in multiunit housing (having limited access to in-home charging). This is particularly more evident in China and the EU-27 plus the UK, where a limited number of single-family homes with in-home parking has led to a higher ratio of EVs to public charge points than in the US.

Therefore, the increase in the number and type of charging infrastructure—beyond single-family homes, including installation in apartment complexes, offices, fleet depots, parking lots, and commercial centers—is creating ample growth opportunities for the scaling-up of the global EV charging infrastructure market.

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Impact of COVID-19 Pandemic on EV Charging Infrastructure Market

The onset of the COVID-19 crisis in 2020 led to a slowdown in the automotive and its infrastructure activities worldwide. All the regions reported in the analysis suffered a significant downturn in workloads during the first half of 2020. However, the pandemic accelerated the need for emission-free mobility, especially in the developed regions. According to estimations by IEA, the global electric car sales rose to more than 3 million, reaching a market share of over 4%. The rise in sales during 2020 peak of the pandemic, rising by 40% in global sales from the 2.1 million electric cars sales in 2019. Notably, electric vehicle sales rose by a significant 160% in the first half of 2021 compared to 2020, representing 26% of total new sales in the global automotive market. As the sales of EV worldwide sore to exceptional heights, major global EV charging infrastructure market players have been implementing smart charging solutions in various countries to create a supporting ecosystem complementing the development of future-ready connected, hassle-free, and safer mobility. For instance, during the pandemic period of 2020-21, EV charging infrastructure companies, like EVBox and Tritium, have entered into a large number of partnerships, acquired several significant players, and have strongly focused on the research and development of smart charging solutions, accelerating the growth of EV charging infrastructure market.

Furthermore, the systems supporting EV charging infrastructure market reduces the operational costs and environmental impact for agencies and government departments compared to present ICE vehicle scenario, thereby amplifying the growth prospects of major global players in the EV charging infrastructure market. For instance, the US government released an EV Charging Action Plan to lay down steps for the federal agencies to support the development and deployments of chargers in American communities across the country. Therefore, there has been no major impact of the COVID-19 pandemic on the EV charging infrastructure market, and it is witnessing steady progressive growth in major parts of the world.

Tritium; Blink Charging Co.; ChargePoint, Inc.; BP p.l.c.; EVBox; EVgo Inc.; Tesla, Inc.; Webasto Group; RWE AG; and Delta Electronics, Inc. are among the key players operating in the global EV charging infrastructure market. Several other players have also been analyzed to understand the EV charging infrastructure market.

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EV Charging Infrastructure Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Platform (Hardware and Services), Hardware (AC Charger and DC Charger), Charger Type (Public Chargers and Private Chargers), and IEC Mode (2, 3, and 4)

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

Contact Us:

If you have any queries about this report or if you would like further information, please contact us:

Contact Person: Sameer Joshi

E-mail: [mailto:sales@theinsightpartners.com sales@theinsightpartners.com]

Phone: [tel:+1-646-491-9876 +1-646-491-9876]

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E-Bike Market

2022-06-23T12:11:44Z

Santosh006: Created page with "The [https://www.theinsightpartners.com/reports/e-bikes-market e-bike market] accounted to US$ 35,862.5 Mn in 2018 and is expected to grow at a CAGR of 23.6% during the forecast ..."

The [https://www.theinsightpartners.com/reports/e-bikes-market e-bike market] accounted to US$ 35,862.5 Mn in 2018 and is expected to grow at a CAGR of 23.6% during the forecast period 2019 – 2027, to account to US$ 224,014.2 Mn by 2027.

Market Overview:

The growing interest in the bicycle’s role in Western urban transport systems. Combining more bicycle-friendly cities with rapid advances in technology has resulted in a dramatic increase in the purchase and use of e-bikes. Improved battery and motor technology, component modularity, as well as economies of scale improvements have meant e-bikes can now travel longer distances, are faster, and are more affordable than ever. A key benefit of e-bikes is that they can maintain speed with less effort. This helps to overcome some of the most commonly cited barriers to traditional bike riding. Bicycle riders suggest that the increased speed and reduced physical exertion are motivating factors for e-bike purchase, allowing riders to arrive at their destination in a comfortable state. The growing acceptance of bike sharing services is expected to create new opportunities for the global E-bike market during the forecasted period.

In APAC, several growing economies in the region support the growth of with a wide variety of sectors such as manufacturing, automotive, and technology. Vehicular emissions are the most significant contributors to the pollution caused in the region. As a result, governments of different countries implemented several schemes and initiatives to catalyze the production of electric vehicles, which substantially reduce environmental pollution due to CO2 emission. The Government of India has announced “The National Electric Mobility Mission Plan (NEMMP) 2020”; this offers a vision along with a roadmap to the manufacturers of e-bikes for faster adoption of electric vehicles in the country. Such above mentioned factors is expected to fuel the growth of E-bike market in APAC.

The European E-bike Market is witnessing remarkable growth for commercial applications. Germany is a home to a large number of automobile manufacturing facilities, which are constatntly focusing on the development of electric vehicles. Further, economically strong countries such as the UK, Spain, the Netherlands, and Italy are instrumental in the development of e-bikes. The automotive sector plays a vital role in growth in the prosperity of the region, with a considerable contribution to the average GDP growth in Europe. The demand for e-bikes in the region is boosting every year; the demand grew by ~35% in 2019, compared to the last year. With the increasing count of e-bikes / electric vehicles, the governments of European countries are making significant developments in their EV charging infrastructure. The presence of these industries is anticipated to influence the E-bike market positively.

The global market for E-bike market is segmented based on the parameters such as battery type, motor type, class, mode, and geography. Based on battery type, the lithium-ion segment dominates the E-bike market heavily and is expected to dominate the market in the forecast period from 2019 – 2027. On the basis of motor type, hub motor segment led the market in 2018 with a maximum market share and is expected to continue its dominance during the forecast period. Further, based on class, class II segment led the market with the maximum market share. Furthermore, on the basis of mode, throttle mode segment led the market with highest market share in the year 2018. Key players operating in the market are partnering with the small as well as large and other companies which are helping them to gain customer traction. The major companies offering E-bike market include Haibike, Aventon Bikes, Giant Bicycles, Merida Industry Co., Ltd., Pedego Electric Bikes, Robert Bosch GmbH, Specialized Bicycle Components, Inc., Shimano Inc., Trek Bicycle Corporation, and Yamaha Motor Co., Ltd among others. Many firms are focusing on investing hugely for battery chemistries and enhancing its capabilities and expanding its footprint in various geographies, which is facilitating the market to propel over the years.

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The report segments the global E-bike market as follows:

Global E-bike Market – By Battery Type

* Lithium-Ion
* Lithium-Ion Polymer
* Lead Acid

Global E-bike Market – By Motor Type

* Hub Motor
* Mid Motor

Global E-bike Market – By Class Type

* Class I
* Class II
* Class III

Global E-bike Market – By Mode

* Pedal Assist Mode
* Throttle Mode

Global E-bike Market – By Geography

* North America
** US
** Canada
** Mexico
* Europe
** France
** Germany
** Italy
** Spain
** Netherlands
** UK
** Rest of Europe
* APAC
** China
** India
** Japan
** Australia
** South Korea
** Rest of APAC
* MEA
** Saudi Arabia
** UAE
** South Africa
** Rest of MEA
* SAM
** Brazil
** Rest of SAM

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E-Bike Market to 2027 - Global Analysis and Forecast by Battery Type (Lithium-Ion, Lithium-Ion Polymer, Lead Acid); Motor Type (Hub Motor, Mid Motor); Class (Class-I, Class-II, Class-III); Mode (Pedal Assist Mode, Throttle Mode)

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

Contact Us:

If you have any queries about this report or if you would like further information, please contact us:

Contact Person: Sameer Joshi

E-mail: [mailto:sales@theinsightpartners.com sales@theinsightpartners.com]

Phone: [tel:+1-646-491-9876 +1-646-491-9876]

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