Vietnam Electric Vehicle Charging Infrastructure Market to grow at a Significant Rate through 2026
Increase in vehicle
ownership and growing need for energy-efficient commuting is expected to drive
the demand for Vietnam electric vehicle charging infrastructure market for
forecast period.
According to TechSci Research report, “Vietnam
Electric Vehicle Charging Infrastructure Market By Vehicle Type
(Two-Wheeler, Four-Wheeler, Commercial Vehicle) By Type (AC and DC) By
Installed Location (Residential and Commercial) By Company, By Region, Forecast
& Opportunities, 2026”, Vietnam electric vehicle charging
infrastructure market is expected to witness steady growth in the next five
years. Vietnam ranks among the top 15 countries with worst air
quality in the world which is the major driver for increase in demand for
electric vehicles. Efforts towards development of electric charging infrastructure
is crucial factor for widespread adoption of electric vehicles. Key players are
collaborating with car service providers to integrate charging stations with
existing infrastructure. Government is offering subsidies and income tax
rebates to buy electric vehicles have led to significant growth of the market.
Electric vehicles operating on electricity reduces the operational cost of
vehicles. Increasing number of electric vehicles can affect the functionality
of charging stations such as load level of transformer, load curve and amount
of power generation. Also, advancements of technology in communication sector
such as collecting of real-time information of all nearby electric charging
stations to enhance the connectivity is expected to boost the market.
Since the onset of pandemic COVID-19, complete lockdown
was imposed all around the globe. Leading authorities released a set of
precautionary measures to guidelines to fight the novel coronavirus.
Manufacturing units were shutdown and shortage of skilled labors was observed
in Vietnam. Automotive industry took a hit and saw a decline in the market
growth. After the ban of lockdown was lifted by leading authorities, companies
began to start production which is expected to foster the growth of the Vietnam
electric vehicle charging infrastructure market.
However, high cost involved for initial setup of fast
charging infrastructure which may hamper the market growth for the forecast
period.
Browse XX Figures spread through XX Pages and an
in-depth TOC on "Vietnam Electric Vehicle Charging Infrastructure Market”.
https://www.techsciresearch.com/report/vietnam-electric-vehicle-charging-infrastructure-market/7618.html
Vietnam
electric vehicle charging infrastructure market is segmented into vehicle type,
type, installed location, regional distribution, and company. Based on vehicle type,
market is categorized into two-wheeler, four-wheeler, and commercial vehicle. Two-wheeler
electric vehicle segment is expected to account for major market share during
the forecast period, 2022-2026 owing to rising awareness regarding harmful
emissions from conventional fuels. Motorbike riders are searching for
environment aware and affordable electric vehicles which is influencing the
electric charging infrastructure market for the next five years. Motorbikes are
cheaper to purchase and is more able to tackle the urban traffic jams
efficiently than four-wheeler vehicles. Based on installed location, market is
further bifurcated into residential and commercial. The commercial space
segment is expected to dominate the electric vehicle charging infrastructure
market to provide the consumers to charge their vehicle according to need and
convenience. Initiatives by leading authorities and key players for expansion of
electric vehicle charging infrastructure has a positive impact on the growth of
the market. Over-night charging of electric vehicles at home is not sufficient
for long distances, so the need for development of supportive electric vehicle
charging infrastructure is expected to boost the market. Building of charging
stations at malls, shopping, and apartment complexes to minimise the pressure
from consumers over the concern for battery drainage to run electric vehicles. Major
market players are employing a team of technicians in the capital city Hanoi to
supply emergency charge if the need arises.
VinFast,
Vietnam Oil & Gas Group (PVOIL), HGPT Mechanical, Electricity of Vietnam’s
Central Power Corporation, Mitsubishi Motors Vietnam are the leading players operating
in Vietnam electric vehicle charging infrastructure market. Manufacturers are
increasingly focusing on research and development process to fuel higher growth
in the market. To meet evolving customer demand with respect to better
efficiency and durability, several electric vehicle charging infrastructure
manufacturers are coming up with their technologically advanced offerings.
Download
Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=7618
Customers can also
request for 10% free customization on this report.
“Vietnam
is going through urban transformation similar to other countries in Southeast
Asia’s region and people are migrating towards cities which is resulting in
increasing the cases of traffic congestion during peak hours. Government is
improving the public transportation networks and the demand for traffic
management systems driven by artificial intelligence is on rise. Manufacturers
or key players can invest to produce electric vehicles which are affordable and
can provide solution to rising pollution levels in Vietnam” said Mr. Karan
Chechi, Research Director with TechSci Research, a global research-based management
consulting firm.
“Vietnam Electric Vehicle
Charging Infrastructure Market By Vehicle Type (Two-Wheeler, Four-Wheeler,
Commercial Vehicle) By Type (AC and DC) By Installed Location (Residential and
Commercial) By Company, By Region, Forecast & Opportunities, 2026” has
evaluated the future growth potential of Vietnam electric vehicle charging
infrastructure market and provided statistics & information on market size,
shares, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in the of Vietnam electric
vehicle charging infrastructure market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]