Electric Two-Wheeler Charging Infrastructure Market to Grow with a CAGR of 32.09% until 2026
Concerns
toward environment depletion is driving the growth of the global electric
two-wheeler charging infrastructure market, in the forecast period, 2022-2026F.
According to TechSci report on, “Global
Electric Two-Wheeler Charging Infrastructure Market
- By Region, Competition, Forecast &
Opportunities, 2026”, Global
electric two-wheeler charging infrastructure market value was USD2624.16
million in the year 2020 and is expected to continue its growth with 32.09%
CAGR in forecast years 2022 to 2026 to reach a value of USD11790.60 million by
2026. The global electric two-wheeler charging infrastructure market owes its
growth to the factors like growing demand for electric two-wheelers for shared
mobility and logistic services. Increasing air-pollution causing severe health
issues is also inclining consumer preferences to the electric automotive and
thus supporting the growth of the global electric two-wheeler charging
infrastructure market in the upcoming five years. Due to rising concerns toward
depleting environment and worsening climatic conditions, the governments across
the globe have taken measures and beneficial initiatives to promote electric
vehicles and provide supportive schemes for their launches and consumer uses,
thus aiding the growth of the global electric two-wheeler charging
infrastructure market in the next five years.
Initiatives like introducing multiple emission-free public
transportation systems in their respective countries to tackle the problem are
advancements from governments trying to deal with the increasing carbon
emission.
Additionally,
increasing e-commerce sector demand further substantiates the growth of the
global electric two-wheeler charging infrastructure market in the future five
years. With increasing globalization, e-commerce giants are expanding their
operations in wider geographies, and their need for on-time delivery further
builds a positive scope for the increasing demand for charging infrastructure
and thus aid the growth of the global electric two-wheeler charging
infrastructure market in the forecast years, until 2027.
Browse over 153 market data Figures
spread through 229 Pages and an
in-depth TOC on "Global Electric Two-Wheeler
Charging Infrastructure Market"
https://www.techsciresearch.com/report/electric-two-wheeler-charging-infrastructure-market/8183.html
The global
electric two-wheeler charging infrastructure market is segmented by type,
charging mode, installed location, connector type, type of charging, regional
distribution, and competitive analysis. Based on charging mode, the market is
further bifurcated into plug-in and wireless charging. Plug-in charging modes
are expected to lead the market with the largest revenue shares of more than
94% in the upcoming five years on account of ease of accessibility to the
system. Moreover, higher number of AC charging stations further drives the
growth of the global electric two-wheeler charging infrastructure market in the
next five years. Wireless charging may register growth in the future five years
on account of advancing technology and increased research for the provision of
more feasible and accessible services to the consumer. Advancement for faster
charging is further anticipated to substantiate the growth of the global
electric two-wheeler charging infrastructure market in the forecast years until
2026.
On the basis of
installed location, the market is further fragmented between residential and
commercial locations. The commercial sub-segment is anticipated to hold the
largest revenue shares of the market and dominate the market segment in the
upcoming five years on the grounds of higher installation costs. Installing an
electric charging system at residential locations is expensive and requires
maintenance. Maintenance further adds to the cost of the complete
infrastructure. The requirement of experts for charging and installation is
also another responsible factor toward the growth of the sub-segment and drives
the growth of the global electric two-wheeler charging infrastructure market in
the next five years.
A partial list
of major market players of the global electric two-wheeler charging
infrastructure market includes:
- ChargePoint, Inc.
- Schneider Electric SE
- EVBox B.V.
- ABB Ltd.
- Siemens AG
- Eaton Corporation plc
- Royal Dutch Shell Plc
- Blink Charging Co.
- TGOOD Global Ltd.
- Exicom Tele-Systems Limited
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“The regional analysis of the market is conducted between Asia Pacific,
Europe, America region along with rest of the world considered separately. Asia
Pacific region is expected to dominate the segment analysis in the upcoming
five years on the account of increasing usage of electric two-wheelers in the
regional countries like China, India, Thailand, etc. China holds the largest
revenue share of the market in the Asia Pacific region. The country is growing
rapidly over government support and involvement toward developing electric
two-wheeler charging infrastructures. The E-commerce industry is also expanding
in the region. With the presence of global giants in the region's industry also
substantiates the future growth of the global electric two-wheeler charging infrastructure
market in the next five years.,” said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“Electric
Two-Wheeler Charging Infrastructure Market - Global Industry Size, Share, Trends, Competition, Opportunity and Forecast,
2016-2026, Segmented
By Type (AC and DC), By Charging Mode (Plug-in and Wireless), By Installed
Location (Residential and Commercial), By Connector Type (UK 3-Pin, Industrial
Commando, Type 1, Type 2, CHAdeMO, and CCS), By Type of Charging (Slow and
Fast), By Region” has
evaluated the future growth potential of global electric two-wheeler charging
infrastructure market and provides statistics and information on market size,
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 global electric
two-wheeler charging infrastructure market.
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