Electrified Road for Electric Vehicle Charging Market Projected to Register an Impressive Growth Through 2027
Rising penetration of electric vehicles to drive the
growth of the global production software market.
According to TechSci Research report on, “Electrified Road for Electric
Vehicle Charging Market – Global Industry Size, Share, Trends, Opportunity, and
Forecast, 2027”,
the
global electrified road for electric vehicle charging market is anticipated to
witness robust CAGR over the forecast period 2023-2027. The market growth can
be attributed to the increasing penetration of electric vehicles and lack of
electric vehicle charging infrastructure across the world. Besides, growing
technological innovations in the electrified roads and enhanced focus of
governments for boosting electrification in the country are some of the factors
fueling the growth of the electrified road for electric vehicle charging
market. Electric roads supply vehicles with electricity to power them and
charge them while they are in motion. With electric roads, electric trucks and
buses would not require to be charged frequently since the electrification ensures
heavy long-distance road freight. Some other advantages of electrified roads
are reduced dependence on fossil fuels, lower greenhouse gas emissions, air
pollution, noise in urban areas, and enhanced energy efficiency. In Sweden and
Norway, researchers, businesses, and public sectors are collaborating for
implementation strategies, operations, and maintenance standards for greater
acceptance of electric roads. Installing electric road technology on all European
and National roads in Sweden could reduce carbon emissions from heavy traffic by
approx. 60%, which would lead to cleaner air and reduced noise pollution. Large-scale
deployment of electric roads could also lead to significant gains in terms of
cost of energy used in the transport sector. Hence, rising investments by government
and private players to develop electrified roads across the globe are
anticipated to propel the growth of electrified road for electric vehicle charging
market in the coming years.
Browse over XX market data Figures
spread through 110 Pages and an
in-depth TOC on "Global Electrified Road for Electric Vehicle Charging Market"
“Ever since the introduction of groundbreaking in-road
wireless charging technology, several companies are working towards
implementing it in a real-setting. Several pilot projects for electrified roads
are currently underway across different parts of North America and Europe. Many
research institutes are also finding solutions to make electrified roads as
sustainable and efficient as possible and move the electrification revolution
to mass implementation. The The Sweden government is planning to use the Electreon
technology to electrify more than 3 thousand miles of high-speed highways at
the cost of USD3 billion. Even the Israeli government is planning to invest
USD3.3 million in electrified roads by gradually expanding deployment of the
coils to specified land around the city of Tel Aviv. Hence, increasing
investments by the government to electrify roads for facilitating electric
vehicle charging are expected to fuel the market growth in the coming years.”
said Mr. Karan Chechi, Research Director, TechSci Research, a research based
global management consulting firm.
A
list of major market players of the electrified road for electric vehicle charging
market includes:
- Siemens AG
- Scania AB
- Elonroad
- Vattenfall
- Sytner Group Limited
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“Electrified Road for Electric
Vehicle Charging Market – Global Industry Size, Share, Trends, Opportunity, and
Forecast, 2017-2027” has
evaluated the future growth potential of global electrified road for electric
vehicle charging market and provides statistics & 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 global electrified
road for electric vehicle charging market.
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