DALLAS, December 10, 2014 /PRNewswire/ --
ReportsnReports.com adds Global Electric Vehicle Charger (EVC) Market 2014-2018 and Electric Vehicle Charging Stations - Market Analysis and Forecast to 2020 industry research reports to its online business intelligence and data library.
Global Electric Vehicle Charger market is forecast to grow at 28.28% CAGR over the period 2013-2018, with government subsidies and incentives being one of the major market drivers discussed in Global Electric Vehicle Charger (EVC) Market 2014-2018 research report. The report spread across 60 pages is available at http://www.reportsnreports.com/reports/318725-global-electric-vehicle-charger-market-2014-2018.html . To calculate the market size, the report considers the revenue generated from the three segments: Wired AC EVC, DC EVC, and Wireless EVC. It presents the vendor landscape and a corresponding detailed analysis of the top four vendors in the Global EVC market. In addition, the report discusses the major drivers that influence the growth of the Global EVC market. It also outlines the challenges faced by vendors and the market at large, as well as the key trends that will contribute to the growth of the market.
An EVC, technically known as EVSE, is an electrical device that consists of a box with a cord and a plug. It is used to connect the electric power source, such as a wall socket, to an EV and recharge the batteries installed in the EV. A majority of EV manufacturers provide and install an EVSE along with the EV. EV owners often purchase an additional EVC for installation at an alternate location or as a replacement for an existing malfunctioned EVC. There is high demand for EVCs in the growing Global EV Charging Station market.
Global EVC market 2014-2018 research report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global EVC market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market. Companies like AeroVironment Inc., ChargePoint Inc., GE Co., Schneider Electric SA, ABB, AddEnergie, Aker Wade Power Technologies, Bosch Automotive Service Solutions, CarCharging Group, Chargemaster, ClipperCreek, DBT, Denso, Eaton, ECOtality, Efacec, Energizer, Evatran, eVgo, Greenlots, Hitachi, Ingeteam, Legrand, Leviton, POD Point, Qualcomm Halo, SemaConnect, Siemens, SPX Service Solutions and WiTricity are discussed in this research available for purchase at http://www.reportsnreports.com/Purchase.aspx?name=318725 .
The Electric Vehicle Charging Stations - Market Analysis and Forecast to 2020 research report is spread across 94 pages and provides in-depth analysis of the level 2 and 3 Electric Vehicle (EV) charging station markets at global and country level. The widespread use of EVs has inevitably led to a rise in the installation of EV charging stations. EVs emit less carbon dioxide than Internal Combustion Engine (ICE) vehicles, and many governments have announced EV targets for 2015 and 2020 to reduce emissions from the transportation sector. The markets for EV charging stations have similar prospects worldwide. In North America, Europe and Asia-Pacific they are at an introductory stage but are expected to grow at a significant rate in the coming years.
The US Electric Vehicle (EV) level 2 charging stations market will surge from $67 million in 2013 to approximately $947 million by 2020, catalyzed by President Obama's target of one million EVs on US roads by 2015. This research states that the global market for EV level 2 charging stations will grow exponentially from an estimated $0.2 billion in 2014 to $3.5 billion by 2020.The US is currently the world's leading market, having claimed more than a 30% share of the total annual installations in 2013. The US government is providing a number of incentives to encourage EV charging station installations, with finance delivered under the American Recovery and Reinvestment Act (ARRA).
Treasury grants in lieu of the investment tax credit have been one of the most attractive measures for companies in the US renewable energy industry. ARRA provides more than $30 billion of funds for energy initiatives, such as the smart power grid, advanced battery techniques, and energy efficiency measures. In 2009, the US committed a total of $3.4 billion to the Smart Grid Investment Grant and Smart Grid Demonstration programs, which aim to accelerate the implementation of smart grid technologies and systems.
This EV charging station market report expects sales from level 2 residential chargers to account for over 70% of the US annual sales volume in 2014, while non-residential chargers will account for the remaining 30%. However, the annual sales share of the latter chargers will increase to over 50% by 2020. Non-residential level 2 charger installations are expected to increase, as governments and offices invest in enhancing public charging points with this equipment. A number of offices have already installed these chargers and are finding that existing volumes do not meet demand. With the anticipated rise in EV purchases, more investment in the public EV charging infrastructure will be required at both a commercial and city level.
Supported with 32 tables and 30 figures, the Electric Vehicle Charging Stations - Market Analysis and Forecast to 2020 research report can be purchased at http://www.reportsnreports.com/Purchase.aspx?name=144861 .
Explore more reports on electric vehicles market as well as on the automotive sector and energy and power industries at http://www.reportsnreports.com/market-research/energy-and-power-supplies/ .
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