Market Definition
An electric vehicle charging station is a device or equipment that is used to connect electric vehicles and plug-in electric vehicles to a source of electricity to recharge them. Private companies or electric utility companies install charging stations at public locations such as shopping centers, parking, and others. In addition, electric vehicle charging station provides different types of charging levels such as level 1, level 2, and level 3. Moreover, electric vehicle charging stations have multiple configurations such as wall-mounted or freestanding, single charging head or multi-head, commercial or residential grade, and indoor or outdoor installment. Electric vehicle (EV) chargers are used to provide charging to electric vehicles with a battery and the electrical source that helps to charge the battery. Charging of such vehicles can be carried out through different levels of charging, i.e., level 1, level 2, and level 3. The cost in addition to the maintenance cost of electric vehicles is lower than conventional petrol/diesel cars. Electric vehicles reduce the carbon footprints released into the atmosphere, which contain toxic gas.
Market Outlook
The Indian government has announced several initiatives to promote the adoption of electric vehicles and encourage the development of charging infrastructure in the country. One of the most significant initiatives is the Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME India) scheme, which provides incentives to buyers of electric vehicles and promotes the development of charging infrastructure in the country. Under this scheme, the government provides subsidies to charging station operators for setting up charging infrastructure in public places. Additionally, the government has also set a target of achieving 30% electric mobility by 2030. To achieve this target, the government is providing financial assistance to state transport corporations, municipal corporations, and other public agencies for the procurement of electric buses, electric three-wheelers, and electric two-wheelers. This move is expected to increase the demand for electric vehicles, thereby driving the demand for charging infrastructure.
The need for green mobility solutions has become a crucial concern in India, primarily due to rising pollution levels, which has resulted in deteriorating air quality in many urban areas. In addition to this, the dependence on fossil fuels such as petrol and diesel has resulted in a significant increase in greenhouse gas emissions, contributing to global warming and climate change. The Indian government has recognized the importance of reducing carbon emissions and improving air quality, and has taken several steps to promote the adoption of electric vehicles. As a result, the demand for green mobility solutions has been growing in recent years, with electric vehicles being seen as a viable solution to reduce pollution levels and carbon emissions.
Research Objectives
• Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region
• Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling
• Identify factors influencing market growth and challenges, opportunities, drivers and restraints
• Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates
• Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities
• Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market
• To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.
• Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives
Request Sample: https://www.globalinsightservices.com/request-sample/GIS24655/?utm_id=Snehalkast
Market Segmentation
Based on the technology, it is segmented into rapid/DC chargers, slow chargers, and fast/AC chargers. Based on technology, the Slow Chargers segment accounted for the largest India Charging Stations and Chargers for Electric 2W and 3W Vehicles Market share in 2021, and Rapid/DC Chargers segment is expected to be the fastest-growing segment during the forecast period.
Request Customization: https://www.globalinsightservices.com/request-customization/GIS24655/?utm_id=Snehalkast
Major Players
The key players studied in the India Charging Stations and Chargers for Electric 2W and 3W Vehicles Market are Charzer Tech Pvt Ltd., Mass-Tech Controls Pvt Ltd., ABB Ltd., Tata Power Company Limited, Automovil, Delta Electronics India, Bright Blu, Fortum Oyj, Kinetic Green Energy, and Power Solutions Ltd. and Exicom Telesystem Ltd., among others.
Request Discounted Pricing: https://www.globalinsightservices.com/request-special-pricing/GIS24655/?utm_id=Snehalkast
Research Scope
• Scope – Highlights, Trends, Insights. Attractiveness, Forecast
• Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
• Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
• Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
• Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
• Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis
Buy your copy here: https://www.globalinsightservices.com/checkout/single_user/GIS24655/?utm_id=Snehalkast
With Global Insight Services, you receive:
• 10-year forecast to help you make strategic decisions
• In-depth segmentation which can be customized as per your requirements
• Free consultation with lead analyst of the report
• Infographic excel data pack, easy to analyze big data
• Robust and transparent research methodology
• Unmatched data quality and after sales service
Contact Us:
Global Insight Services LLC
16192, Coastal Highway, Lewes DE 19958
E-mail: [email protected]
Phone: +1-833-761-1700
Website: https://www.globalinsightservices.com/
About Global Insight Services:
Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.