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Electric Vehicle Fast Charging System
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Electric Vehicle Fast Charging System Market Size Worth USD 2.30 Billion By 2027 www.emergenresearch.com Growing demand for heavy duty vehicles and electrification in the public transport systems is driving the demand for the market.
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Market Summary The Global Electric Vehicle Fast Charging System Market is projected to reach USD 2.30 billion in 2027. The market is expected to be driven due to a higher proliferation of the proliferation of the global electric vehicle sales, technological advancements in EV charging infrastructure, battery management, & electric vehicle sustainability, and increasing push from the governments for the deployment of highway electric vehicles and fast public charging infrastructure and its wide availability. The increasing focus by various automotive firms such as BMW, Tesla, Volkswagen Group, and ChargePoint, Inc., among others, on the installation of the advanced charging stations throughout various destinations, including movie theatres, shopping malls, stadiums, hotels, and airports, among others, is projected to fuel the demand for the overall market. Also, numerous public transport agencies collaborating with automotive companies for the setting up of charging stations that are capable of offering fast charging systems for electric buses are causing a huge market growth. www.emergenresearch.com
Market Summary • Further key findings from the report suggest • The market in the Asia Pacific region, in terms of value, contributed to the largest market share of plug-in hybrid PHEV in 2019 and is likely to grow at the fastest rate of 39.8% in the forecast period, attributed to increasing concern towards environmental pollution and government support to promote sustainable mobility. • Heavy duty vehicles are unable to use a similar fast charging infrastructure as the passenger cars. They require bigger battery packs, higher-power stations, and draw more energy and require faster charging systems to charge quickly. This way, the demand for the heavy duty vehicles are deliberately being boosted. • In March 2019, Tesla introduced V3 Supercharging, the next step towards the growth of Tesla’s Supercharger network. • In January 2019, Tesla planned on installing more superchargers for its electric vehicles across Europe. Major expansions happened in Southern and Eastern Europe. • Key players in the market include Advanced Vehicle Manufacturing, Inc., Delta Electronics, Inc., EVBox, ABB, Blink Charging Co, ChargePoint, Inc., ElmecInc, Hong Kong EV Power Limited, GARO, Proterra Inc., Schneider Electric, and Siemens, among others. • Request Free Sample Copy@ https://www.emergenresearch.com/request-sample/67 www.emergenresearch.com
Market Summary • Vehicle Type Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027) • Light Duty Vehicles • Heavy Duty Vehicles • Charger Type Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027) • CCS • CHADEMO • Tesla Supercharger • Installation Type Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027) • Portable • Fixed • Application Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027) • Public • Private • Battery Type Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027) • Lead-Acid • Nickel-Cadmium (Ni-Cd) • Vehicle Technology Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027) • Plug-in Hybrid Electric Vehicles (PHEVs) • Battery Electric Vehicles (BEVs) • Read More@ https://www.emergenresearch.com/industry-report/electric-vehicle-fast-charging-system-market
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