Asia-Pacific Electric Vehicle Charging Station Market - Industry Size, Opportunity, Growth, Demand, & Forecast To 2027

The growing concerns towards the high vehicular pollution levels, have raised the demand for the electric vehicles in Asia Pacific region. However, even the government initiatives are creating awareness for reducing the use carbon footprints, is also reason behind the growth of EVs in the region. Adding to this many government bodies are offering subsidies and some financial aids to promote the purchase of electric vehicles. The increase in the purchase rate has also increased the EV charging station infrastructures.   It has been observed that in the recent years the government bodies have been heavily investing in the development of the high-capacity public charging infrastructures. However, the growing installation of the Combined Charging System (CCS) and the Tesla supercharger connectors are also driving the market. They are driving because of their compatibility and their ultra-fast charging speeds. In all the other three levels of charging the level 3 is the fastest charging level. It delivers more power, faster and ideal for charging. This level provides DC (direct current) charging and can be installed in the residential areas too. On the other side the level 1 and 2 chargers AC (alternate current) into the electric vehicle and then it is converted into DC through a small onboard charger. As there is a limited space given inside the EV, the charge’s size is also limited. This is the reason behind having the maximum speed of level 2 around 22 kW to 43 kW. The major difference between level 3 with DC charging and level 1 and 2 with AC charging. Its simple that the level 3 chargers convert the alternate current and direct current within a charging station and allows the direct current to flow directly from the station itself to the electric vehicle’s battery. The level 3 chargers don’t take much time to charge, can be fully charged in 10 to 15 minutes. According to the research report published by Actual Market Research titled as “Asia Pacific Electric Vehicle Charging Station Market Outlook, 2027”, Asia Pacific’ charging station market is estimated to grow with CAGR of 23.41% by the end of forecasted year. As per research, China is dominating the Asia Pacific region as the largest manufacturer as well as service providers of EV charging stations. China has always been at the top in terms of technology and even now in the segment of electric vehicles and its charging stations. EVs are very popular in this region compared to the other regions and is also expected to be with the highest market share by the end of the forecasted year 2027. The electric vehicles or EVs are gradually gaining huge popularity as an alternative for fuel and gas vehicles in the market. These vehicles have become more popular because of the increase in harmful side effects to the environment such as drastic climate changes leading to global warming, zero-emission mobility for electric vehicles and these also reduces the urban air and noise pollution. Therefore, in a positive way these electric vehicles can save the planet from getting polluted in coming few years. Major Companies present in the market: ChargePoint Holdings, Inc., Shell, Tesla Inc., BP, ABB, RWE, Siemens, Efacec, BLINK CHARGING co. , Eaton Corporation plc, SCHNEIDER ELECTRIC, WEBASTO GROUP, Leviton Manufacturing Co. Inc., Phihong USA Corp., EV Safe Charge Inc., Tata Power. Considered in this report • Geography: Asia Pacific • Base year: 2021 • Estimated year: 2022 • Forecast year: 2027 Aspects covered in this report • Asia Pacific Electric Vehicle Charging Station market with its value and forecast along with its segments • Country-wise electric vehicle charging station market analysis • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation Countries covered in the report • China • Japan • India • Australia • South Korea Types of charger in the report • Slow/ Moderate • Fast Type of charging levels: • Level 1 (AC charging) • Level 2 (AC charging) • Level 3 (DCFC) By Application type: • Public • Private The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to electric vehicle charging station industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry. This report would help you answer the following questions: 1. At what rate the Asia Pacific electric vehicle charging station market will grow in forecast period? 2. What are the types of electric vehicle chargers? 3. What are the different types of electric vehicle charging levels? 4. Which electric vehicle charger type is leading the market? 5. What is the impact of COVID-19 on the Asia Pacific electric vehicle charging station Market? 6. What are the different types of charging station by applications?