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EV Fast Charging Infrastructure Market Growth and Trends

According to the market research report published by P&S Intelligence, the revenue of the electric vehicle fast-charging infrastructure market was $3,240.7 million in the year 2021, and it is likely to touch $18,909.8 million by 2030, at a mammoth compound annual growth rate of around 21.7% in the years to come. This will be because of the increasing EV sales all around the world as a result of the growing necessity for zero-emission transportation.

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EV Fast Charging Infrastructure Market Growth and Trends

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  1. EV Fast Charging Infrastructure Market: Size, Share, Growth, Development and Demand Forecast to 2030 1 © Prescient & Strategic Intelligence Private Limited. All rights reserved

  2. In 2021, the electric vehicle fast-charging market contributed $3,240.7 million, and it is projected to generate $18,909.8 million revenue in 2030, rising at a rate of 21.7% from 2021 to 2030. It is ascribed to the worldwide growing sales of the EV, resulting in zero-emission transportation. Moreover, public charging holds a substantial share of the industry, and it is expected to rise at a rate of 22% from 2021 to 2030, ascribed to the massive installation of public fast chargers for the adoption of EVs. Numerous EV and OEM network operators are establishing public fast chargers at hospitality facilities, retail houses, government offices, parking lots, offices, gas, fuel stations, and other areas. To receive free sample pages of this report@ https://www.psmarketresearch.com/market-analysis/electric-vehicle- fast-charging-infrastructure-market/report-sample The Bipartisan Infrastructure Law has allocated around $7 billion for EV charging infrastructure development in the U.S., aiming at the deployment of 500,000 public chargers by 2030 in the country. The rising adoption of the E.V. proliferates the demand for the development of the EV charging infrastructure. The vehicle-to-grid EV charging technology facilitates electrical energy flow in both directions, to and from power grid and plug-in electric vehicles. In addition, this technology enables electrical vehicles for storing and discharging unused energy to the grid, to the improvement of electrical component performance that adds value to electric vehicle owners. GB/T holds the significant revenue share of the EV fast charging infrastructure industry, amounting to ~$1.2 billion, and it is expected to rise at a 20% rate in the coming future. It is attributed to GB/T DC fast-charging technology provides faster charging of up to 250 kW of power. Inquire before purchase@ https://www.psmarketresearch.com/send- enquiry?enquiry-url=electric-vehicle-fast-charging-infrastructure- market Moreover, superchargers are projected to experience extensive development in the coming future, as they fit the long-distance travel and intend to charge Tesla swiftly. This is why Tesla Inc. captures a larger share of the global electric car industry. Superchargers, provide lucrative opportunities to industry players. Moreover, the price drop in the Tesla models leads to their rising sales which, in turn, fuels the growth of the supercharger industry. EV fast chargers with a capacity of <100-kW are projected to capture a significant share of the industry in the coming future, rising at a rate of over 2 © Prescient & Strategic Intelligence Private Limited. All rights reserved

  3. 21% from 2021 to 2030. It is due to fast chargers with a 100-kW power output that are affordable and provide fast charging in 1 to 2 hours. These are usually installed at retail shops, hotels, and shopping malls. Another major factor that supports the sales of <100-kW chargers in the EV fast-charging infrastructure industry is the growing need for energy from higher- kW chargers and the lack of energy, due to unreliable grid connectivity, for supporting such technology. APAC holds a massive share of the industry, rising at an extensive rate of around 22.0% from 2021 to 2030. It is ascribed to the growing demand for clean transportation, resulting in surging adoption of the EV in the public fleet, which in turn, creates demand for electric vehicle fast charging infrastructure. The major companies operating in the industry are ABB Ltd., Blink Charging Co., Elmec Inc., Proterra Inc., Valent Power, Hong Kong EV Power Limited, EVBox, and Delta Electronics Inc. Therefore, the rising adoption of electric vehicles leads to the growing demand for the EV fast charging infrastructure. The research offers the size of the global electric vehicle fast-charging infrastructure market for the period 2017–2030. Market Segmentation by Application Market Segmentation by Application Public Private Market Segmentation by Connector Type Market Segmentation by Connector Type Supercharger SAE Combo Charging System GB/T CHAdeMO Market Segmentation by Charging Power Market Segmentation by Charging Power <100 kW 100–200 kW >200 kW Market Segmentation by Region Market Segmentation by Region North America Electric Vehicle Fast-Charging Infrastructure Market • • • • • • • • • • oBy application oBy connector type oBy charging power 3 © Prescient & Strategic Intelligence Private Limited. All rights reserved

  4. oBy country – U.S. and Canada Europe Electric Vehicle Fast-Charging Infrastructure Market • oBy application oBy connector type oBy charging power oBy country – Germany, France, Italy, Spain, U.K., and Rest of Europe Asia-Pacific (APAC) Electric Vehicle Fast-Charging Infrastructure Market • oBy application oBy connector type oBy charging power oBy country – China, Japan, India, Australia, South Korea, and Rest of APAC Latin America (LATAM) Electric Vehicle Fast-Charging Infrastructure Market • oBy application oBy connector type oBy charging power oBy country – Brazil, Mexico, Colombia, and Rest of LATAM Middle East and Africa (MEA) Electric Vehicle Fast-Charging Infrastructure Market • oBy application oBy connector type oBy charging power oBy country – U.A.E., South Africa, Saudi Arabia, Egypt, and Rest of MEA 4 © Prescient & Strategic Intelligence Private Limited. All rights reserved

  5. Disclaimer: P&S Intelligence always keeps its customers’ interests at the core while carrying out research activities. P&S Intelligence ensures the reliability and accuracy of information and data provided in its market research publications. However, the information in publications is subject to fluctuations, as it is based on primary interviews of officials from various companies or organizations. P&S Intelligence is not responsible for any incorrect data provided by the key industry players of the concerned domain. The information or analysis in P&S Intelligence publications represents opinions based on research and should not be interpreted as statements of fact. Information in this report was believed to be correct at the time of publication, but cannot be guaranteed. P&S Intelligence does not endorse any product, service, or vendor depicted in its research publications. All intellectual properties, including trademarks and copyrights, belong to their respective owners and may be protected by copyright. Under no circumstance can these be reproduced in any form without prior written agreement of their owners. An order for market research report is intended for internal use of the company only and not for disclosure to third parties or any other publication in general. No service, report, or part thereof provided by P&S Intelligence can be reproduced, republished, resold, revealed, distributed, circulated, or sublicensed in any medium or form now realized or hereafter become realized, including but not limited to, all forms of optical-based media, magnetic, electronic, or digital, without a written permission from Prescient & Strategic Intelligence Pvt. Ltd. Kindly write to: enquiry@psmarketresearch.com B-13, Sector – 2, Noida, U.P. – 201301, INDIA Contact No: +91 120 4541 337 US/Canada Toll-Free: 1-888-778-7886 4 ©P&SIntelligence.Allrightsreserved 5 © Prescient & Strategic Intelligence Private Limited. All rights reserved

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