An electric vehicle charging station provides electric energy for the recharging of electric vehicles, including electric cars, neighborhood electric vehicles, and plug-in hybrids. It is also called as EV charging station, electric recharging point, electronic charging station (ECS), and electric vehicle supply equipment (EVSE).

Market Dynamics:

Growing Utilizing electric vehicles is a significant step in the direction of minimizing the environmental risks brought on by air pollution. Hazardous gases that cause air pollution are not released by electric automobiles. For this reason, the market for electric vehicles is expanding with the help of numerous governments and environmental organizations. For instance, the Government of India reports that the tax rate for electric vehicles is 12%, whereas the rate for petrol and diesel vehicles is 28%.

Electric vehicles are replacing gasoline-powered automobiles in many Asian nations. For instance, Malaysia is a significant country in the adoption of electric vehicles, according to the Malaysian Ministry of Energy, Science, Technology, Environment and Climate Change. Electric vehicle charging ports.

Electric vehicles have more economic benefits over fuel cars due to which Government of India is taking major steps towards establishing public electric charging stations. According to NITI Ayog report 2017, the Indian government is providing subsidiary for all the private investors to invest in establish infrastructure for electric charging stations. Further, According to government initiative known as National Electric Mobility Blueprint (EMB), country will replace diesel and petrol vehicles with electric vehicles and reduce the dependency on fossil fuel and greenhouse gas emissions. For instance, according to study in University of Michigan, for electric recharge of US$ 1, electric car can travel up to 36kms and for US$ 1, fuel car can travel only up to 18kms. This makes electric vehicles more cost-effective. Thus, the above factors boosting the market growth over forecast period.

Key features of the study:

• This report provides in-depth analysis of the APAC Electric Charging Station Market , and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
• It profiles key players in the APAC Electric Charging Station Market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The APAC Electric Charging Station Market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the APAC Electric Charging Station Market

Detailed Segmentation:

• APAC Electric Charging Station Market, By Charging Station Type:
  • AC Charging
  • DC Charging
  • Wireless Charging
• APAC Electric Charging Station Market, By Technology Type:
  • Level 1
  • Level 2
  • Level 3
• APAC Electric Charging Station Market, By End User:
  • Private
  • Public
• APAC Electric Charging Station Market, By Country:
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • ASEAN
  • Rest of Asia Pacific
• Company Profiles
  • PluginIndia.com
  • Greenlots
  • Mitsubushi Motors Corporation
  • ChargePoint, Inc.
  • Efacec
  • NARI Technology Co., Ltd
  • Blink Charging Co.
  • Toshiba Corporation
  • Magenta Power
  • Star Charge