#Germany Wireless EV Charging Market
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b2bbusiness · 2 months ago
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Automotive EV Charging Infrastructure Market: Trends, Growth, and Future Prospects
The automotive electric vehicle (EV) charging infrastructure market is rapidly transforming the global transportation landscape, driven by the increasing adoption of EVs and supportive government initiatives. This article explores the current trends, market growth factors, key challenges, and the future outlook of the EV charging infrastructure industry.
Market Overview
The global automotive EV charging infrastructure market has witnessed exponential growth, with more governments promoting green energy and reduced carbon footprints. The transition from internal combustion engines (ICEs) to EVs has necessitated robust charging networks to support the growing fleet of electric vehicles. The market includes public charging stations, private charging networks, and innovative solutions such as wireless charging.
Key Trends in the EV Charging Infrastructure Market
Rise of Fast Charging Stations Consumers demand quick and efficient solutions, leading to increased investments in DC fast charging stations that can charge vehicles in minutes instead of hours. Companies like Tesla, ChargePoint, and Ionity are driving innovation in this space.
Integration of Renewable Energy The market is witnessing a shift towards solar-powered charging stations and the integration of renewable energy to reduce dependency on traditional power grids.
Smart Charging and IoT Solutions Smart charging infrastructure equipped with IoT capabilities allows users to monitor, manage, and optimize charging remotely. These systems also enable load balancing, reducing stress on electricity grids.
Wireless and Bidirectional Charging The development of wireless charging pads and vehicle-to-grid (V2G) technology is gaining traction, offering convenience and additional functionalities for EV owners.
Factors Driving Market Growth
Government Support and Policies Subsidies, tax incentives, and investments in EV infrastructure are boosting market growth. Countries like the U.S., China, and Germany have set ambitious EV adoption targets, accelerating the development of charging networks.
Expansion of EV Fleet The increasing adoption of EVs among consumers and fleet operators is driving the demand for accessible and widespread charging infrastructure.
Urbanization and Smart City Projects Growing urban populations and the rise of smart cities are pushing governments to establish advanced EV charging networks as part of sustainable urban mobility plans.
Corporate Collaborations and Investments Major automotive manufacturers and tech companies are collaborating to create seamless charging experiences. For example, Volkswagen's Electrify America initiative is expanding public charging networks across the U.S.
Challenges in the EV Charging Infrastructure Market
High Initial Investment: Setting up charging stations, particularly fast chargers, requires significant capital expenditure.
Grid Stability Issues: Increasing EV adoption may strain existing power grids without upgrades and smart energy management systems.
Consumer Convenience: Limited charging availability in rural areas and interoperability issues between different charging networks remain barriers.
Future Outlook
The global EV charging infrastructure market is projected to grow at a compound annual growth rate (CAGR) of over 20% in the coming years, driven by technological advancements, government mandates, and increasing consumer acceptance of EVs. The Asia-Pacific region is expected to lead the market, with significant contributions from China, India, and Japan. Meanwhile, Europe and North America continue to invest heavily in building robust networks to support their ambitious electrification goals.
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ashwetu · 3 months ago
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Meticulous Research® Publishes Report on Global Electric Vehicle Market, Forecasting Robust Growth Through 2031
Meticulous Research®, a renowned leader in global market research, has released its latest report, titled Electric Vehicle (EV) Market by Vehicle Type, Propulsion Type, End Use, Power Output, Charging Standard, and Geography - Forecast to 2031. According to the report, the global electric vehicle (EV) market is expected to experience significant growth, reaching $6,916.43 billion by 2031, with a compound annual growth rate (CAGR) of 28.0% from 2024 to 2031. In terms of volume, the market is projected to reach 446.54 million units by 2031, at a CAGR of 20.5%.
Market Drivers and Opportunities
The market growth is driven by a variety of factors, including supportive government policies, growing investments from leading automotive manufacturers, rising environmental awareness, and decreasing battery costs. Increasing consumer interest in sustainable transportation solutions and the adoption of autonomous EVs are further propelling the market forward. Emerging economies are also placing a greater emphasis on electric mobility, presenting substantial opportunities for industry stakeholders.
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However, certain challenges could temper this growth. High upfront costs of EVs and insufficient charging infrastructure, particularly in developing regions, remain obstacles. Additionally, concerns around range limitations and reduced EV performance in cold climates pose challenges. Despite these hurdles, trends such as shared mobility, smart EV charging, and innovations in wireless and solar-powered EV charging stations are shaping the future of the global electric vehicle market.
In-Depth Market Segmentation
The report provides a detailed analysis of the EV market, segmented by vehicle type, propulsion type, power output, end use, and geography:
By Vehicle Type: The passenger vehicle segment is anticipated to dominate the market in 2024, driven by government incentives, heightened environmental awareness, and rising fuel prices. Major automotive manufacturers are actively engaged in producing electric passenger vehicles to meet the growing demand.
By Power Output: The less-than-100 kW segment is expected to capture the largest market share, primarily due to the increasing popularity of electric scooters and mopeds, along with supportive government policies and incentives for EV infrastructure.
Check complete table of contents with list of table and figures: https://www.meticulousresearch.com/product/electric-vehicle-market-5179
By Propulsion Type: Battery electric vehicles (BEVs) are set to lead the propulsion type segment, driven by stringent emission standards, demand for high fuel efficiency, and a growing preference for zero-emission vehicles.
By End Use: Private EVs will likely account for the largest share of the market due to consumer awareness of environmental concerns, stringent emission regulations, and incentives for EV purchase and usage.
By Geography: The Asia-Pacific region is forecasted to be the largest regional market for EVs in 2024, with China, Japan, and South Korea providing robust government support in the form of subsidies, tax incentives, and regulatory measures aimed at reducing emissions and air pollution.
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Key Industry Players
The report profiles major players operating in the global EV market, including Tesla, Inc. (U.S.), BMW AG (Germany), BYD Company Ltd. (China), Volkswagen AG (Germany), Hyundai Motor Company (South Korea), Volvo Group (Sweden), Mercedes-Benz Group AG (Germany), Ford Motor Company (U.S.), and others. The competitive analysis highlights recent developments, market shares, and strategic initiatives undertaken by these companies to maintain their market position.
Report Insights and Sample Download
The comprehensive report answers critical questions, such as high-growth market segments, historical and forecasted market sizes, competitive landscape, key geographic trends, and the strategies of major industry players.
For a deeper analysis of the global electric vehicle market, download a free sample of the report here: https://www.meticulousresearch.com/download-sample-report/cp_id=5179
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For more information, please contact:Meticulous Research® Email: [email protected] Phone: +1-646-781-8004 LinkedIn: Meticulous Research®
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Wireless Charging System for Electric Vehicles Market Will Hit Big Revenues In Future | Biggest Opportunity Of 2024
Wireless charging system allows EVs to automatically charge without the need of cables. Wireless EV charging technology is ideally suited to stationary wireless charging as it opens up the possibility of charging the electric vehicle battery while the vehicle is being driven. In recent times, the wireless charging system has become more popular for EVs due to its simplicity and more convenience. However, due to increasing ownership of EVs, the government of various countries is constructing EV corridors.
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Latest released the research study on Global Wireless Charging System for Electric Vehicles Market, offers a detailed overview of the factors influencing the global business scope. Wireless Charging System for Electric Vehicles Market research report shows the latest market insights, current situation analysis with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the Wireless Charging System for Electric Vehicles The study covers emerging player’s data, including: competitive landscape, sales, revenue and global market share of top manufacturers are Robert Bosch (Germany), WiTricity (United States), Texas Instruments (United States), Qualcomm (United States), Fulton Innovation (United States), Siemens (Germany), evMega (Hong Kong), Continental AG (Germany), ZTE Corporation (China), Delta Electronics (Taiwan)
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trendingreportz · 7 months ago
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Wired Charging Market - Forecast(2024 - 2030)
Wired Charging Market Overview
Wired Charging market is analysed to grow at a CAGR of 3.7% during the forecast 2021-2026 to reach $20.8 billion. Wired Charging involves connecting devices using cables to charge or power up a device. Wired charging technology has evolved over the year as it has got smarter and has faster charging capabilities. The advancements in wired charging industry such as fast charging and USB type charging have also aided the growth of the market. Recently, the market for wired chargers has been increasing due to the rise of electric vehicles and Plug in Hybrid vehicles over IC Engine vehicles that use wired charging technology through charging points for single phase electric motors. Wired charging technology also records faster charging speeds than wireless charging. Further, growing popularity of consumer electronics products and growing demand for the installation of charging stations is also expected to create positive outlook for the growth of the market. 
Wired Charging Market Report Coverage
The report: “Wired Charging Industry Outlook – Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the following segments of the Sound Level Meters industry.
By Component: Charging adapter and charging cable By Sales Channel/ Market: Direct /OEM and Indirect/Aftermarket By Charging Type: Fast Charging and standard charging By Charging cable: USB Type C, Micro USB, Lightning and others By Charging Adapter: Wall charger, Car charger, power bank/power hub By Application: PHEV, BEV and in vehicle Charging By Geography: North America (U.S, Canada, Mexico), South America(Brazil, Argentina and others), Europe(Germany, UK, France, Italy, Spain, Russia and Others), APAC(China, Japan India, SK, Australia and Others), and RoW (Middle East and Africa)
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Key Takeaways
Rising sales of electric vehicles is analysed to significantly drive the market during the forecast period 2021-2026.
Among the components, charging adaptor are analysed to hold significant share in 2020, attributed to the prolonged evolution and expansion of the electronics industry. Moreover, increasing demand for electrical vehicles (EVs) and connected devices acts as another major force stimulating the growth of the charger adapter market.
APAC is analysed to grow at highest CAGR during the forecast period owing to the increasing adoption of fast charging units for electric and hybrid electric vehicles. The rising sales of electric vehicles and the initiatives taken by the government for the implementation of charging stations in APAC countries including India, Japan and China will drive adoption of wired charging.
Wired Charging Market Segment Analysis – By Charging Cable
By charging cable, the wired charging market is segmented into USB Type C, Micro USB, Lightning and others. USB Type C are analysed to hold highest share at 48.9% as it is considered a ubiquitous advancement in the computing and consumer electronics industry. It began its appearance in consumer product during 2014 and has revolutionized the wired charging market through 2020. Also, tech giants are introducing new consumer electronics with USB Type C as it is reversible, allows for faster charging speeds, and supports fast media transferring functionalities. USB Type C connectors have also replaced headphone jacks from newer phones and devices. All such trends would broaden up the growth prospects for USB Type C cable during the forecast period.
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Wired Charging Market Segment Analysis – By Application
By application type, the wired charging industry is segmented into Consumer electronics, Automotive, Personal Care and others. Consumer electronics is the largest segment in the wired charging market which accounts for major share. The growth of the segment is attributed owing to increased adoption as the use of wired chargers in consumer electronics has been a traditional use and most of the people prefer wired chargers over wireless chargers as it helps in fast charging and is portable when compared to wireless chargers. Further, the increasing number of smartphone users around the globe and introduction of fast charging and USB type C chargers by the players present in the market is resulting in higher adoption of wired chargers, thereby promoting in the growth of the wired charging market.
Wired Charging Market Segment Analysis – By Geography
Asia-Pacific is analysed to be the major region with a share of 57.6% in 2020 for the wired charging owing to the increasing adoption of fast charging units for electric and hybrid electric vehicles. However, the increasing usage of wireless charging technology has poised the market growth during the forecast period. However, APAC is analysed to grow at highest rate during the forecast period 2020-2026 majorly attributed to the rising sales of electric vehicles and the initiatives taken by the government for the implementation of charging stations in APAC countries including India, Japan and China which would further upsurge the growth of the region. In addition, increasing investments in development & adoption of advanced consumer electronic devices and high adoption of wired chargers for these devices set to drive the region growth.
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Wired Charging Market Drivers
Rising sales of electric vehicles (EVs):
The rising popularity for electric vehicles for reducing the level of pollution in the environment is driving the growing need for wired charging station for charging these electric vehicles, thereby driving the market growth. According to International Energy Agency (IEA), the number of battery electric vehicles have been increased from 1.19 million units to 3.29 million units during 2016-2018 period at global level. As the industry strive to find new advancements such as the deployment of hybrid and plug-in electric vehicles to cater industry as well as environmental needs, which has led towards the increased adoption of wired charging & related technologies. Moreover, increasing demand for autonomous vehicles set to create opportunities for the wired charging thereby powering the market growth.
Growing demand for the Installation of Charging Stations:
The growing requirement for the installation of charging station for residential and commercial purposes is emerging significantly for EV charging applications. With the rising adoption of electric vehicles, the need for efficient fast charging stations is observed which will significantly drive the need for advanced usage of cabling system to promote wired charging technology. Also, private players are also making several efforts which would positively influence the growth of the market. For Instance: Enel X, an advanced energy services subsidiary of Italian group Enel SpA, has announced the close of its project called AMBRA-Electrify Europe (AMBRA-E) in February 2020. This project will lead to the installation of more than 3,000 charging stations for electric vehicles (EVs) across Spain, Romania and Italy. Additionally, an investment of $76.8m will take place for quick, fast and ultra-fast charging points. These trends would revolutionise the wired charging industry outlook.
Wired Charging Market Challenges
Introduction of wireless charging systems along with Internet of Things (IoT) Devices:
As technology is getting more disruptive, there is a growing need for more reliable technology such as Wireless charging technology. This technology is more portable than traditional wired charging technology which is hindering the growth of wired charging market. Also, the adoption of wireless charging improves the performance of the device by making them completely waterproof and dustproof, and easier to maiWired Charging Marketntain which makes this technology better then wired charging. All such factors are restraining the growth of the Global wired charging market.
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Wired Charging Market Landscape
Product launches, Acquisition, Partnership, Expansion, and R&D investment activities are key strategies adopted by players in the Wired Charging Market. The key players in the market include ChargePoint, Inc, ABB Ltd, Webasto Group, Dell Inc, Apple Inc, Samsung Electronics Co., Ltd, Anker Innovations Ltd, RAVPOWER, Huawei and Aukey
Expansions/Product Launches/ Investments
In June 2020, Webasto Group opened a new roof plant and battery center in Jiaxing (China). It will also manufacture charging stations and electric heaters along with the roofs for automotive industry.
In December 2019, ChargePoint launched ChargePoint Home Flex,a charging station for residential use. The device delivers 50amps with 9 times faster charging than standard outlet.
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infinitiresearch · 11 months ago
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Wireless Chargers Market| Market Size, Analysis, Growth and Forecast, 2024 – 2028
Originally published on Technavio:: Wireless Chargers Market Analysis: APAC, Europe, North America, South America, Middle East and Africa - US, China, Japan, South Korea, Germany - Size and Forecast 2024-2028
Introduction: The global Wireless Chargers Market is poised for significant growth from 2024 to 2028, driven by increasing adoption of wireless charging technology in consumer electronics, automotive, and healthcare sectors. This research analysis focuses on key regions including APAC, Europe, North America, South America, and Middle East and Africa, with a specific emphasis on major countries such as the US, China, Japan, South Korea, and Germany, to provide insights into market size, trends, and forecasts.
Market Dynamics: The wireless chargers market is influenced by several factors, including the growing demand for convenience and flexibility in charging electronic devices, rising adoption of electric vehicles (EVs) with wireless charging capabilities, and advancements in charging standards such as Qi (pronounced "chee"). The proliferation of smartphones, smartwatches, and other wearable devices also drives market growth, as consumers seek hassle-free charging solutions.
Regional Analysis: APAC is expected to dominate the wireless chargers market, led by China and South Korea, owing to the region's strong manufacturing capabilities and high consumer electronics adoption rate. The presence of major smartphone manufacturers and rapid urbanization further fuel market demand. Europe and North America are also significant markets for wireless chargers, driven by the increasing integration of wireless charging technology in automobiles and the presence of key players in the region.
South America and Middle East and Africa represent emerging markets for wireless chargers, driven by increasing smartphone penetration and the adoption of electric vehicles. Brazil and UAE are among the countries witnessing growing demand for wireless charging solutions. As infrastructure development and consumer awareness continue to improve in these regions, the wireless chargers market is expected to gain traction.
Country Analysis: The US, China, Japan, South Korea, and Germany are key markets for wireless chargers, with each country contributing to market growth in its unique way. In the US, the proliferation of smartphones and the presence of tech giants drive market demand, while China leads in manufacturing and innovation, with domestic companies dominating the market. Japan and South Korea are known for their technological prowess and are key players in the development of wireless charging standards and solutions. Germany, on the other hand, is at the forefront of automotive innovation, driving demand for wireless charging solutions in the EV segment.
Market Outlook: The outlook for the wireless chargers market remains positive, with increasing consumer demand for convenient charging solutions and the growing adoption of electric vehicles. Technological advancements such as fast wireless charging, extended charging ranges, and integration with IoT devices are expected to further drive market growth. However, challenges such as compatibility issues, regulatory concerns, and pricing pressures may impact market dynamics, necessitating industry collaboration and innovation to address these challenges.
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Conclusion: In conclusion, the global wireless chargers market is poised for significant growth from 2024 to 2028 across key regions including APAC, Europe, North America, South America, and Middle East and Africa. Factors such as increasing consumer electronics adoption, rising demand for electric vehicles, and technological advancements drive market expansion. Companies need to focus on product innovation, interoperability, and market-specific strategies to capitalize on emerging opportunities and meet evolving consumer needs in the dynamic wireless chargers market landscape.
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sonali2345 · 1 year ago
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"Empowering Energy: Key Players and Trends in the Battery Monitoring Industry
Battery monitoring systems are designed to inform users about the real-time status and health of batteries or battery banks, providing alerts on battery failures and the net charge available. These systems play a crucial role in preventing severe damage, prolonging battery life, and ensuring efficiency. Monitoring charging, discharging, load, AC mains frequency and voltage, ambient temperature, and battery temperature are key functions of a battery monitoring system. Additionally, these systems generate live reports on battery performance and trigger alarms in case of any faults. 
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COVID-19 Impact Analysis 
The global effects of the COVID-19 pandemic have significantly impacted the battery monitoring system market. Disruptions in exports, imports, manufacturing, and changes in consumer consumption patterns have led to challenges and a shift in demand during the pandemic. 
Top Impacting Factors 
The increasing adoption of battery monitoring systems in electric vehicles (EVs) is a major driver for market demand. Governments globally support battery manufacturers for EVs, aligning with the transition to renewable energy sources. Additionally, the need to prevent unplanned outages, the rise in demand for electric vehicles, and improved operational efficiency contribute to the growing demand for battery monitoring systems. 
Market Trends 
Growing Demands for Electricity at Various End-Use Industries: The necessity to prevent unplanned outages, coupled with the increased demand for electric vehicles and improved battery operational efficiency, drives the demand for battery monitoring systems. The rise in renewable power generation and the use of these systems in data center applications further boost market growth. 
Increased Usage in Data Centers: Data centers, critical for organizations' core applications, rely on batteries for uninterrupted power supply. Integrating battery monitoring systems enhances operations and safety in data centers, where battery failures can disrupt operations and result in financial losses. 
Focus on Environmental Safety Concerns: The growing demand for clean energy and concerns about global warming have led to a shift towards environmentally friendly solutions. Battery monitoring systems play a crucial role in ensuring the proper functioning of clean technologies and applications dependent on batteries, thereby supporting environmental safety initiatives. 
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Key Benefits of Report 
The report provides an analytical overview of the battery monitoring system market, offering insights into current trends and future estimations to identify potential investment opportunities. It covers key drivers, restraints, and opportunities, along with a detailed analysis of market share. The quantitative analysis highlights the growth scenario, while Porter's five forces analysis illustrates buyer and supplier potency. The report offers a comprehensive analysis of the battery monitoring system market based on competitive intensity and future competition dynamics. 
Battery Monitoring System Market Report Highlights 
Aspects Details 
By Type 
Wired 
Wireless 
By Component 
Hardware 
Software 
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By Application 
Telecommunication 
Automotive 
Energy 
Industries 
Others 
By Battery Type 
Lithium-ion 
Lead Acid 
Others 
By Energy Storage 
Batteries 
Thermal 
Mechanical 
By Region 
North America (U.S., Canada, Mexico) 
Europe (France, Germany, Italy, Spain, United Kingdom, Rest of Europe) 
Asia-Pacific (China, Japan, India, South Korea, Australia, Rest of Asia Pacific) 
LAMEA (Brazil, South Africa, Saudi Arabia, Rest of LAMEA) 
Key Market Players ABB, BatteryDAQ, Schneider Electric, Hbl Power Systems, Eagle Eye Power Solutions, LLC, Btech Inc, Socomec, Powershield, Canara, Texas Instrument 
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sudeepkedar · 1 year ago
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Expedition Truck Market 2023-2032; Growth Forecast & Industry Share Report
Expedition Truck Marketis projected to cross USD 400 Mn by 2032. In recent years, consumer inclination toward recreational activities and safer driving experiences have accelerated the demand for advanced expedition trucks. Additionally, the advent of electric and low-carbon vehicles is introducing a whole new range of automobiles designed for expedition purposes. For instance, modern expedition trucks feature USB charging capabilities, Type-C fast charging technology, 12V/24V charging ports, and wireless charging pads.
Leading automobile manufacturers are foraying into the space of EVs to boost the production of electric cars, trucks, and other vehicles. For instance, in March 2023, Ford Motor Co, an American automaker, announced plans to build the capacity of its new and under-construction BlueOval City complex in Tennessee to 500,000 electric trucks a year.
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Based on weight, the demand for 3.5-7.5 tonne expedition trucks will grow significantly from 2023 to 2032, owing to ongoing advancements in smart mobility. Recent advancements and the incorporation of next-generation technologies such as ML and AI will boost the adoption of these vehicles. Moreover, growing user preference for high-quality standards in interior construction featuring space-efficient solutions and the increasing trend of minimalism offers lucrative business prospects.
In terms of drive systems, the market is segmented into above 4WD, 2WD, and 4WD. Among these, the industry valuation from the above 4WD segment reached USD 20 million in 2022. Expedition trucks with a drive system above 4WD are suitable for use over rough terrains as they ensure higher stability and grip on the surface. A rise in off-roading events and recreational activities will spur the demand for these vehicles over the estimation period.
Based on type, the industry is classified into overland vehicles, Class A, Class B, and Class C. The overland vehicle market share will reach over USD 105 million by 2032 due to several benefits, such as the cost-effective transportation of goods associated with overland vehicles. These vehicles are experiencing a rise in applications across ports and logistics. The increasing focus on improving the supply chain across a diverse business vertical is fueling the deployment of expedition trucks for logistics purposes, which will favor segment growth through 2032.
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From a regional frame of reference, Europe expedition trucks market was worth USD 90 million in 2022, driven by several recreational associations. Europe is home to major organizations such as Uni VDL in France, and Caravanning Industry Association in Germany, regulated by the European Caravan Foundation. The region also has a rich caravanning culture with increasing spending on caravans. In 2021, Europe witnessed a record high of 218,301 new registrations for motor caravans. These optimistic scenarios are poised to create a favorable growth outlook for the regional industry.
Partial chapters of report table of contents (TOC):
Chapter 2   Executive Summary
2.1    Expedition Truck market 360º synopsis, 2018 - 2032
2.2    Business trends
2.2.1    Total Addressable Market (TAM), 2023-2032
2.3    Regional trends
2.4    Weight trends
2.5    Drive System trends
2.6    Type trends
Chapter 3   Expedition Truck Market Insights
3.1    Impact on COVID-19 impact
3.1.1    North America
3.1.2    Europe
3.1.3    Asia Pacific
3.1.4    Latin America
3.1.5    MEA
3.2    Russia- Ukraine war impact
3.3    Industry ecosystem analysis
3.3.1    Raw material suppliers
3.3.2    Component suppliers
3.3.3    Manufacturers
3.3.4    Distribution Channel analysis
3.3.5    End-use landscape
3.3.6    Vendor matrix
3.3.7    Profit margin analysis
3.4    Technology & innovation landscape
3.5    Patent analysis
3.6    Key news and initiatives
3.7    Regulatory landscape
3.7.1    International standards
3.7.2    North America
3.7.3    Europe
3.7.4    Asia Pacific
3.7.5    Latin America
3.7.6    MEA
3.8    Impact forces
3.8.1    Growth drivers
3.8.1.1   The proliferation of the tourism industry and the rising number of expedition trucks in North America
3.8.1.2   Increasing consumer spending on camping and tourism activities
3.8.1.3   Growing demand for luxurious and technologically advanced expedition trucks across Europe
3.8.1.4   Rising utilization of expedition trucks in defense and military
3.8.2    Industry pitfalls & challenges
3.8.2.1   High purchase and maintenance costs of expedition vehicles
3.9    Growth potential analysis
3.10    Porter’s analysis
3.11    PESTEL analysis
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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electronalytics · 1 year ago
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Battery Elimination in Electronics and Electrical Engineering Market Latest Trends and Analysis, Future Growth Study by 2032
The concept of "battery elimination" in electronics and electrical engineering typically refers to the development and adoption of technologies that reduce or eliminate the need for traditional batteries in devices. Here's a brief overview of the market related to battery elimination:
Market Definition: The battery elimination market focuses on creating and implementing alternative power solutions and energy-harvesting technologies to replace or supplement traditional batteries in electronic and electrical devices.
Motivation: The drive behind battery elimination is to reduce environmental impact, maintenance costs, and the size and weight of electronic devices while ensuring continuous power supply.
Technologies:
Energy Harvesting: Devices harness energy from ambient sources like solar, kinetic, thermal, or RF (radio frequency) to power themselves.
Wireless Charging: Wireless charging technologies enable devices to charge without physical connections to power sources.
Supercapacitors: Supercapacitors offer high-power density and rapid charging/discharging, making them an alternative to traditional batteries in some applications.
Fuel Cells: Hydrogen fuel cells and other types of fuel cell technologies provide longer-lasting power solutions in certain scenarios.
Applications: The battery elimination approach is applied in various industries, including IoT devices, wearables, medical devices, industrial sensors, and more.
Market Drivers:
Sustainability: Environmental concerns drive the demand for battery-free or low-battery solutions, reducing waste and reliance on non-renewable resources.
Cost Efficiency: Energy-harvesting technologies can lead to cost savings over time as they reduce the need for battery replacement.
Miniaturization: Battery elimination technologies can enable smaller and more compact electronic designs.
Challenges:
Energy Efficiency: Energy-harvesting technologies must become more efficient to meet the power demands of various devices.
Intermittent Power: Some energy sources, like solar or kinetic, are intermittent, requiring effective energy storage or backup solutions.
Market projections and forecasts are underpinned by extensive primary research, further validated through precise secondary research specific to the Battery Elimination in Electronics and Electrical Engineering Market. Our research analysts have dedicated substantial time and effort to curate essential industry insights from key industry participants, including Original Equipment Manufacturers (OEMs), top-tier suppliers, distributors, and relevant government entities.
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Market Segmentations:
Global Battery Elimination in Electronics and Electrical Engineering Market: By Company • Cargo Trike • EnOcean • IFEVS • MARS UK • Nuna8 • Stella • Triboelectric toys USA • University of Washington Global Battery Elimination in Electronics and Electrical Engineering Market: By Type • Airborne Wind Energy • Multi-mode Global Battery Elimination in Electronics and Electrical Engineering Market: By Application • Aircraft • EV • Solar Golf Cars • Other 
Regional Analysis of Global Battery Elimination in Electronics and Electrical Engineering Market
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Battery Elimination in Electronics and Electrical Engineering market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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Report includes Competitor's Landscape:
➊ Major trends and growth projections by region and country ➋ Key winning strategies followed by the competitors ➌ Who are the key competitors in this industry? ➍ What shall be the potential of this industry over the forecast tenure? ➎ What are the factors propelling the demand for the Battery Elimination in Electronics and Electrical Engineering? ➏ What are the opportunities that shall aid in significant proliferation of the market growth? ➐ What are the regional and country wise regulations that shall either hamper or boost the demand for Battery Elimination in Electronics and Electrical Engineering? ➑ How has the covid-19 impacted the growth of the market? ➒ Has the supply chain disruption caused changes in the entire value chain?
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sueheaven · 2 years ago
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EV Charging Infrastructure Market is set for a Potential Growth Worldwide: Excellent Technology Trends with Business Analysis
Latest business intelligence report released on Global EV Charging Infrastructure Market, covers different industry elements and growth inclinations that helps in predicting market forecast. The report allows complete assessment of current and future scenario scaling top to bottom investigation about the market size, % share of key and emerging segment, major development, and technological advancements. Also, the statistical survey elaborates detailed commentary on changing market dynamics that includes market growth drivers, roadblocks and challenges, future opportunities, and influencing trends to better understand EV Charging Infrastructure market outlook. List of Key Players Profiled in the study includes market overview, business strategies, financials, Development activities, Market Share and SWOT analysis are:
Mojo Mobility (United States)
EVgo Services LLC (United States)
ABB Group (Switzerland)
Schneider Electric SE (France)
Chargemaster Plc (United Kingdom)
Siemens AG (Germany)
Tata Power (India)
Delta Electronics, Inc. (Taiwan)
GENERAL ELECTRIC (United States)
ChargePoint (United States)
The EV charging infrastructure is electrical source that recharge the depleted battery of an electric Vehicle with the help of the Electric Vehicle Supply Equipment or EVSE. Electric vehicle owners can charge their vehicle at home using home chargers or at the electric vehicle charging stations installed at public places such as shopping centres, parking spaces. These infrastructures are being frequently developed within the city limits, which is benefiting the customers to charge their cars at high speed with reduced time and cost. The growth of electric vehicles offers an opportunity to transform the transportation sector. Key Market Trends: Innovation in Automobiles Inventing High Power Electric Vehicle
Stringent Pollution-Control Policies
Opportunities: Increasing Demand for Electric Vehicles
Infrastructural Development in Emerging Economies
Market Growth Drivers: Increasing Consumption of Automobiles with Hybrid and Battery Power Challenges: High Cost of Equipment and Installation The Global EV Charging Infrastructure Market segments and Market Data Break Down by Type (AC, DC, Wireless), Application (Commercial, Residential), Installation Type (Single Family, Multi Family, Public), Charger Classifications (Level 1 (120 Volt Charging), Level 2 (208/240 Volt Charging), DC Fast Charge (DCFC))
Presented By
AMA Research & Media LLP
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efrost · 2 years ago
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Wireless EV Charging Market to Observe Strong Growth to Generate Massive Revenue in Coming Years
Latest study released by AMA Research on Global Wireless EV Charging Market research focuses on latest market trend, opportunities and various future aspects so you can get a variety of ways to maximize your profits. Wireless EV Charging Market predicted until 2027*. Wireless EV charging is highly efficient, convenient and easy-to-use wireless charging technology for charging electric vehicles (EV). Wireless charging uses an electromagnetic field for the transmission of energy between two objects through electromagnetic induction. Then, energy is sent through an inductive coupling to an electrical device, which can use that energy to charge batteries or run the device. The wireless EV charging market is expected to witness a high growth owing to the increase in demand for electric vehicle, global warming across the globe and the need for efficient battery charging technologies
Some of Key Players included in Wireless EV Charging Market are
Continental AG (Germany)
Robert Bosch GmbH (Germany)
Qualcomm, Inc. (United States)
Toyota Motor Corporation (Japan)
Bombardier Inc. (Canada)
Witricity Corporation (United States)
Hella KGaA Hueck & Co. (Germany)
Evatran Group Inc. (United States)
Toshiba Corporation  (Japan)
ZTE Corporation (China)
Market Trends: Inclination towards wireless charging system technology
Drivers: Increasing demand for electric vehicle worldwide
Rising demand for safety and convenience
Challenges: Requires high level of safety
Long distance for dynamic charging
Opportunities: Development of wireless charging systems for commercial electric vehicles
The titled segments and Market Data are Break Down by Type (Commercial Charging Stations, Home Charging Stations), Power Supply Range (3-<11 kW, 11-50 kW, > 50 kW), Charging Type (Dynamic Wireless Charging System, Stationary Wireless Charging System), Propulsion (Battery Electric Vehicle (BEV), Plug-In Hybrid Electric Vehicle (PHEV)), Component (Base Charging Pad, Power Control Unit, Vehicle Charging Pad)
Presented By
AMA Research & Media LLP
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prajnene · 2 years ago
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Gallium Nitride Device Market to See Huge Demand by Forecast to 2029
The global gallium nitride (Gan) device market is set to gain impetus from the high demand for fast chargers worldwide. This information is given by Fortune Business Insights™ in a new study, titled, “Gallium Nitride Device Market Size, Share & Industry Analysis, By Device Type (Opto-Semiconductor Device, Power Semiconductor Device, and RF Semiconductor Device), By Wafer Size (2-Inch Wafer, 4-Inch Wafer, and 6-Inch and Above Wafer), By Component (Transistor, Diode, Rectifier, Power IC, and Other), By Application (Light Detection & Ranging, Wireless and EV Charging, Radar and Satellite Radio Frequency, and Others), By End User (Aerospace, Defense, Healthcare, Renewables, Information and Communication Technology, and Others) and Regional Forecast, 2020-2027.” The study further mentions that the GaN device market size was USD 20.56 billion in 2019 and is projected to reach USD 28.40 billion by 2027, exhibiting a CAGR of 4.28% during the forecast period.
The gallium nitride (GaN) device market is a rapidly growing industry due to the many benefits of GaN technology over traditional silicon-based devices. GaN devices offer higher efficiency, smaller size, and greater power density. This has led to an increase in demand for GaN-based power electronics in various industries such as automotive, consumer electronics, and telecommunications. The market is expected to continue to grow in the coming years, driven by advancements in GaN technology and increasing demand for energy-efficient solutions.
Browse In-depth Summary of This Research Insight:
Drivers & Restraints-
Expansion of Telecommunications Domain to Accelerate Growth
The demand for energy efficient GaN devices is surging rapidly owing to the expansion of the telecommunications domain. Most of the internet service providers are nowadays focusing on providing lower latency with optical cable wires, ubiquitous connectivity, and network with higher capacity. Apart from that, the rising utilization of GaN devices in the 5G infrastructure is likely to propel the gallium nitride device market growth in the near future. However, the high cost associated with the maintenance and development of gallium nitride devices may hinder growth.
Segment-
Opto-semiconductor Device Segment to Grow Rapidly Backed by Increasing Usage in Lasers
Based on device type, the opto-semiconductor device segment procured the highest gallium nitride market share in 2019. This growth is attributable to their increasing usage in various aerospace applications, such as Light Detection and Ranging (LiDAR) and pulsed lasers. Besides, they are used in optoelectronics, LEDs, lasers, photodiodes, and solar cells.
Regional Insights-
High Demand for Wireless Devices to Favor Growth in Europe
Geographically, North America generated USD 7.38 billion in 2019 because of the presence of numerous prominent manufacturers, such as MACOM, Cree, Inc., Northrop Grumman Corporation, Efficient Power Conversion Corporation, Microsemi, and others in this region.
Europe, on the other hand, is anticipated to grow significantly on account of the rising demand for wireless devices in Germany, France, and the U.K. In Asia Pacific, the rising demand for gallium nitride devices from emerging nations, such as India and China would aid growth.
Competitive Landscape-
Key Companies Focus on Winning New Contracts to Intensify Competition
The global market for gallium nitride devices is highly fragmented with the presence of numerous reputed manufacturers. Most of them are focusing on achieving new contracts from significant governments, as well as private agencies to deliver their in-house products. Below are the two latest industry developments:
June 2020: Raytheon Missiles & Defense provided a contract worth USD 2.3 billion to the U.S. Missile Defense Agency (MDA). The latter will deliver seven GaN-based Army Navy/Transportable Radar Surveillance (AN/TPY-2) units. It is a part of the company’s Terminal High Altitude Area Defense (THAAD) system.
July 2019: Transphorm announced a new contract worth USD 18.5 million from the U.S. Department of Defense (DoD) Office of Naval Research (ONR). It includes a Base Program that is aimed at commercializing nitrogen polar GaN.
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Profitable Landscape of Worldwide Ev Charging Market Outlook: Ken Research Buy Now The Wireless charging is also well-known as the conductive charging or battery-operated charging. The Wireless charging is completed by utilizing an electromagnetic field to allocate the energy among the two objects or points from end to end electromagnetic induction.
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ashwetu · 3 months ago
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Meticulous Research® Publishes Report on Global Electric Vehicle Market, Forecasting Robust Growth Through 2031
Meticulous Research®, a renowned leader in global market research, has released its latest report, titled Electric Vehicle (EV) Market by Vehicle Type, Propulsion Type, End Use, Power Output, Charging Standard, and Geography - Forecast to 2031. According to the report, the global electric vehicle (EV) market is expected to experience significant growth, reaching $6,916.43 billion by 2031, with a compound annual growth rate (CAGR) of 28.0% from 2024 to 2031. In terms of volume, the market is projected to reach 446.54 million units by 2031, at a CAGR of 20.5%.
Market Drivers and Opportunities
The market growth is driven by a variety of factors, including supportive government policies, growing investments from leading automotive manufacturers, rising environmental awareness, and decreasing battery costs. Increasing consumer interest in sustainable transportation solutions and the adoption of autonomous EVs are further propelling the market forward. Emerging economies are also placing a greater emphasis on electric mobility, presenting substantial opportunities for industry stakeholders.
Download Sample Report Here: https://www.meticulousresearch.com/download-sample-report/cp_id=5179
However, certain challenges could temper this growth. High upfront costs of EVs and insufficient charging infrastructure, particularly in developing regions, remain obstacles. Additionally, concerns around range limitations and reduced EV performance in cold climates pose challenges. Despite these hurdles, trends such as shared mobility, smart EV charging, and innovations in wireless and solar-powered EV charging stations are shaping the future of the global electric vehicle market.
In-Depth Market Segmentation
The report provides a detailed analysis of the EV market, segmented by vehicle type, propulsion type, power output, end use, and geography:
By Vehicle Type: The passenger vehicle segment is anticipated to dominate the market in 2024, driven by government incentives, heightened environmental awareness, and rising fuel prices. Major automotive manufacturers are actively engaged in producing electric passenger vehicles to meet the growing demand.
By Power Output: The less-than-100 kW segment is expected to capture the largest market share, primarily due to the increasing popularity of electric scooters and mopeds, along with supportive government policies and incentives for EV infrastructure.
Check complete table of contents with list of table and figures: https://www.meticulousresearch.com/product/electric-vehicle-market-5179
By Propulsion Type: Battery electric vehicles (BEVs) are set to lead the propulsion type segment, driven by stringent emission standards, demand for high fuel efficiency, and a growing preference for zero-emission vehicles.
By End Use: Private EVs will likely account for the largest share of the market due to consumer awareness of environmental concerns, stringent emission regulations, and incentives for EV purchase and usage.
By Geography: The Asia-Pacific region is forecasted to be the largest regional market for EVs in 2024, with China, Japan, and South Korea providing robust government support in the form of subsidies, tax incentives, and regulatory measures aimed at reducing emissions and air pollution.
Quick Buy: https://www.meticulousresearch.com/Checkout/58539564
Key Industry Players
The report profiles major players operating in the global EV market, including Tesla, Inc. (U.S.), BMW AG (Germany), BYD Company Ltd. (China), Volkswagen AG (Germany), Hyundai Motor Company (South Korea), Volvo Group (Sweden), Mercedes-Benz Group AG (Germany), Ford Motor Company (U.S.), and others. The competitive analysis highlights recent developments, market shares, and strategic initiatives undertaken by these companies to maintain their market position.
Report Insights and Sample Download
The comprehensive report answers critical questions, such as high-growth market segments, historical and forecasted market sizes, competitive landscape, key geographic trends, and the strategies of major industry players.
For a deeper analysis of the global electric vehicle market, download a free sample of the report here: https://www.meticulousresearch.com/download-sample-report/cp_id=5179
Contact Us
For more information, please contact:
Meticulous Research® Email: [email protected] Phone: +1-646-781-8004 LinkedIn: Meticulous Research®
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severepeanutperfection · 2 years ago
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Micro-mobility Charging Infrastructure Market Estimated to Expand at a Robust CAGR By 2032
The Global Micro-mobility Charging Infrastructures Market was valued at US$ 3.8 Bn in 2021 and is expected to reach US$ 31.8 Bn by 2032, finds Future Market Insights (FMI) in a recent market survey. As per the findings of the report, wired Micro-mobility Charging Infrastructures will remain pivotal for the market as the bulk of revenue will be generated through this category, with a forecasted CAGR of 21.9%.
Wired Chargers to contribute the most to revenue
Wired Charging is expected to continue being the top category. It has an advantage over Wireless charging in speed, range and the ease of managing the thermal loss. Switching over to wireless may become an emerging technology as research increases in improving their efficiency.
The US to continue being the leading component of revenue in the forecast period
The US will continue to be the leading market for micro-mobility charging infrastructure demand. Legislature such as the Bipartisan Infrastructure Law or the Infrastructure Investment and Jobs act, which assigned approximately US$ 7.5 Bn as funding for the building of a national network of EV chargers, and other programs such as the CMAQ Program and Surface Transportation Block Grant funding, will positively influence demand.
“Micro-mobility Charging Infrastructure manufacturers nowadays are closely working on improving their customer base, adapting to government policies, and developing safer and greener technologies.” comments an analyst at Future Market Insights.
Micro-mobility Charging Infrastructures Market: Competition Insights
At present, Micro-mobility Charging Infrastructure providers are largely aiming at gaining a foothold in the market and adapting to new technology and legislation. The key companies operating in the flexible screen market include Ather Energy, Beam, Bike-energy, Bikeep, Duckt, Electrify America LLC, Flower Turbines, Get Charged, Inc., Giulio Barbieri SRL., Gogoro, Ground Control Systems, Kuhmute Inc., Magment GmbH, Meredot SIA, Numocity Technologies Pvt Ltd., PBSC Urban Solutions, Perch Mobility, Robert Bosch GmbH, Siemens AG, Solum PV. Swiftmile, The Mobility House GmbH, Tier and WiTricity among others
Some of the recent developments by key providers of Micro-mobility Charging Infrastructure are as follows:
In June 2022, Statiq, a charging network provider and Hala mobility, a mico-mobility EV startup announced a partnership that will allow Hala’s users to benefit from Statiq’s charging network.
In April 2022, Gogoro went public, listing on NASDAQ after a SPAC deal merger with Poema Global as Gogoro, Inc under the symbols GGROW and GGR for warrants and shares.
In March 2022, Germany-based Swobbee raised US$6.5 Mn in Series A funding. The company focuses on the commercialization of battery swapping.
In February 2022, South Korea’s Swing raised US$24 Mn in Series B funding. The company plans to use the funds raised to increase their fleet and progress into the market in Japan.
In January 2022, Germany’s Soltsol AG and announced a strategic partnership with Swiftmile. They plan to collaborate to establish LEV hubs at locations throughout the European Union, starting with Germany.
In September 2021, Perch Mobility announced a partnership with LAZ Parking. The two companies plan to collaborate through the establishment of Perch’s Community Charging Portals in LAZ spots.
In May 2021, South Korea’s LG Electronics Inc announced a partnership with Kickgoing. The two collaborated to establish 20 wireless electric scooter charging spots in Bucheon, South Korea.
In October 2021, in the joint venture created by battery swapping provider Gogoro and China’s Yadea and DaChangJiang, both vehicle manufacturers invested a combined US$ 50 Mn into the venture. They initially launched 45 battery swap stations and compatible vehicles in Hangzhou, under the Huan Huan brand.
In April 2021, HeroMotoCorp and GogoroInc announced a strategic partnership. Under this partnership, they plan to establish a battery swapping joint venture under which they will combine Gogoro’s battery swapping expertise and Hero’s expertise in the manufacturing of scooters to introduce new vehicles for the Indian Market.
More Insights Available
Future Market Insights, in its new offering, presents an unbiased analysis of the micro-mobility charging infrastructure Market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.
The study reveals extensive growth in micro-mobility charging infrastructure in terms of Vehicle Type (E-scooters, E-bikes, E-unicycles, E-skateboards) By Charger Type (Wired, Wireless), By Power Source (Solar Powered, Battery Powered), by End-Use (Commercial, Residential), across five regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).
For More Info@ https://www.futuremarketinsights.com/reports/micro-mobility-charging-infrastructure-market
About Future Market Insights (FMI)
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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marketinsightshare · 2 years ago
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Electric Vehicle Charging Stations Market - Forecast(2022 - 2027)
The Electric Vehicle Charging Station market is forecast to reach $5.6 billion by 2026, growing at a CAGR of 5.0% from 2021 to 2026. EV charging services consist of electric vehicle charging station to recharge the electric vehicles. The rising demand for electric vehicles is significantly boosting the demand for EV charging services. The significant implementation of the stringent emission norms globally is set to boost the demand for electric vehicles, thereby contributing to the Electric Vehicle Charging Station Market. The need for smart connectivity in passenger vehicles, especially among electric vehicles is boosting the demand for electric vehicle supply equipment including for EV charging stations.
Report Coverage
The report: “Electric Vehicle Charging Station Market – Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the following segments of the Electric Vehicle Charging Station market.
By Charging Station: AC Charging Station, DC Charging Station, Inductive Charging Station.
By Connector Type: CHAdeMO, CCD and Others.
By Location: Residential and Commercial.
By Vehicle Type: PHEV, BEV.
By Charging Level: Level 1, Level 2, Level 3.By Geography - North America (U.S, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Russia and Others), APAC (China, Japan India, SK, Aus and Others), 
South America(Brazil, Argentina and others), and RoW (Middle East and Africa).
Key Takeaways
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Electric Vehicle Charging Station Market Segment Analysis - By Installation Type
Commercial is analysed to hold highest share in 2020 with 76.1% and is set to grow at highest rate during the forecast period 2021-2026 majorly attributed to the growing public EV charging stations. The government of India announced to increase the Electric Vehicle usage to 30% by 2030, hence the exponentially growing charging infrastructure across the country is set to contribute to the market. Indian government announced the initiatives such as developing a national EV policy, the FAME II scheme, which includes a subsidy for setting up of 2,636 public electric vehicle charging stations across the country.
EV Charging Station Market Segment Analysis - By Vehicle Type
The EV Charging Station Market is segmented into Plug-in hybrid electric vehicles (PHEV), Battery electric vehicles (BEV) by vehicle type. The BEV segment is expected to witness the highest growth of around 8.6% during the forecast period 2021 – 2026. Leading automotive companies such as Tesla, BMW, and Nissan are now offering wireless charging in BEV models such as Tesla Model S, BMW i3, and Nissan Leaf, thereby driving the demand for wireless EV charging market. OEMs are focused on BEVs for curbing rising pollution due to strict government regulations. Increasing sales of BEV and funding from government is expected to drive the overall demand.
Electric Vehicle Charging Station Market Segment Analysis - By Geography
APAC is the fastest growing market in 2020 at 8.1% CAGR. The large growth is majorly attributed to the presence of large production bases in China and India and improving governmental subsidies. In 2019, the Government of India announced its plan to provide subsidies to set up 5,000 electric charging stations in cities and highways of India. The main aim of the subsidy program is promoting India’s plan to shift 40% fleet to battery operated vehicles. In January 2020, EESL and BHEL announced partnership to build the EV charging station all over India. The development of plug-in vehicles in France is seen as a symbolic step towards achieving national goals in the direction of more environmentally friendly transport. An investment plan to support public infrastructure was also announced by the Government.
Electric Vehicle Charging Station Market Drivers
Increasing sales of the Electric Vehicles
The development of electric vehicle charging stations for electric vehicles has gained significant momentum over the past decade. Adoption of charging station services for electric vehicles help in reducing the pollution in large population centers, increase customer loyalty, and attract new customers, thereby driving the market growth. According to International Energy Agency (IEA), the number of battery electric vehicles have been increased from 1.19 million units to 3.29 million units during 2016-2018 period at global level. Growing adoption of EV charging stations with increasing usage of electric vehicles set to fuel the market growth.
Rise in number of convenience charging stations in both developed and developing economies
The rapidly evolving electric vehicle (EV) market is driving innovation in EV technology and associated infrastructure. Electric vehicles offer multiple advantages such as reduced fuel consumption and decreased emissions from tailpipes, which significantly boost their demand across the globe. This in turn is expected to escalate the need for charging stations for electric vehicles, thereby driving the market growth. Charging stations are being rapidly developed as a part of government initiative programs and EV manufacturers are being involved in the development of charging spots in the parking locations. EV manufacturers are focusing on the establishment of charging stations for electric cars to enhance the sales of electric vehicles.
Electric Vehicle Charging Station Market Challenges
Infrastructure Limitations for Charging Stations 
High cost and infrastructure limitation is the major hurdle that hampers the electric vehicle charging infrastructure market growth. The cost of establishing charging infrastructure is quite high. This hampers the market growth. Charging cars require fixed space and an individual for maintenance the charger and space. This cost becomes the major issue as it makes the station finance unviable. The government of various countries has imposed certain restrictions on the per unit price that can be charged to the customer. This has been hampering the condition for charger owners. 
Electric Vehicle Charging Station Market Landscape
Acquisitions, partnerships and R&D activities are key strategies adopted by players in the EV Charging Station market. EV Charging Station market is expected to be dominated by major companies such as Aerovironment, Blink Charging Co., Chargepoint Inc., Chargemaster PLC., Delphi Automotive plc., Mojo Mobility Inc., among others.
Acquisitions/Technology Launches/Partnerships
In January 2019, Enel X installed and activated the first charging station on the Italian motorway network at Q8 Rho Sud service area. After the Enel X and Q8 agreement has been signed, drivers can travel with their electric cars between Turin and Milan without having to exit the motorway to recharge their vehicles.
In May 2019, Panasonic announced the launch of smart EV charging service in India providing charging stations, swap stations, board charges and so on.
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moremarketresearch · 2 years ago
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Wireless EV Charging Market is expected to generate a revenue of USD 2,744 Million by 2030, Globally, at 85% CAGR
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Wireless EV Charging Market is expected to generate a revenue of USD 2,744 Million by 2030, Globally, at 85% CAGR. Rising electric vehicles sale across the globe, Technological developments in the automobile industry, as well as innovations in the electronics and telecommunications industries, all contribute to the Wireless EV Charging Market growth. JERSEY CITY, N.J., Oct. 14, 2022 - Verified Market Research recently published a report, "Wireless EV Charging Market" By Vehicle Type (Electric Commercial Vehicle, Electric Bike), By Propulsion Type (BEV, PHEV), and By Geography. As per the deep research carried out by Verified Market Research, the global Wireless EV Charging Market size was valued at USD 8.95 Million in 2021 and is projected to reach USD 2,744 Million by 2030, growing at a CAGR of 85% from 2022 to 2030.
Global Wireless EV Charging Market Overview
Electric vehicles without cables Charging is a very efficient, practical, and simple technique for wirelessly recharging electric automobiles (EV). It consists of a transmission coil that generates a magnetic field and inducts energy into a nearby reception coil. A property of the distance between the two coils is the proportion of the magnetic field generated by the transmitter coil that reaches the receiving coil and helps with power transfer. Qualcomm has played a significant part in the development of practical wireless charging technology. Wireless charging is the primary factor driving the market. Compared to conventional public charging stations, wireless EV charging technology is more efficient, versatile, and damage resistant. Rarely does the user need to exit the EV to deal with difficult connectors, lengthy wires, or a difficult user interface. Overall, the EV charging procedure has been made simpler, which improves the user experience. The demand for wireless EV charging will rise as a result of reasons such as rising global electric vehicle sales and the desire of auto OEMs for autonomous driving technology. Wireless EV charging is a technique for charging electric vehicles at charging stations whether they are moving or idle. A power transmission coil must be mounted on the charging station and a power collecting coil must be fitted below the bodywork of the car in order to deliver electricity. The autos' batteries need to be charged. Electric vehicles integrate into a charging station to draw power from the grid.
Key Developments
- In May 2022, Continental announced the launch of new sensors that will protect the battery of EVs. They are actually designed for electric mobility to enhance road safety and electric technology. - In May 2022, Toshiba and Japan Semiconductor collaborated to develop an improved Analog platform having embedded non-volatile memory for various applications in the automotive industry.
Key Players
The major players in the market are Robert Bosch GmbH, Continental AG, PowerbyProxi, WiTricity Corp, Toyota Motor Corporation, Toshiba Corporation, WiTricity Corporation, Qualcomm, Inc., Evatran Group, and Integrated Device Technology. Verified Market Research has segmented the Global Wireless EV Charging Market On the basis of Vehicle Type, Propulsion Type, and Geography. Wireless EV Charging Market, By Vehicle Type - Electric Commercial Vehicle - Electric bike - Passenger Car Wireless EV Charging Market, By Propulsion Type - BEV - PHEV Wireless EV Charging Market, by Geography - North America- U.S - Canada - Mexico - Europe- Germany - France - U.K - Rest of Europe - Asia Pacific- China - Japan - India - Rest of Asia Pacific - ROW- Middle East & Africa - Latin America Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample/?rid=7083 Read the full article
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