Enjoy complimentary customisation on priority with our Enterprise License!
Below are some of the key findings from our analysis of the electric vehicle charging station market in China
Want a bigger picture? Get a FREE sample of this report now!
See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from this report.
The electric vehicle charging station market research report predicts the market to grow tremendously at a CAGR of about 116% by 2020. The continuous introduction of various government policies and initiatives to promote the increased use of electric vehicles will be a major electric vehicle charging station market driver in the next four years. Various government incentives and tax rebates continue to aid in the growth of the electric vehicle market, which in turn will contribute to the growth of the electric car charging station market. Furthermore, owing to the increasing awareness of climatic change and the rise in government investments, the demand for electric vehicles will increase substantially over the next few years.
The V2G (vehicle to grid) system enables the flow of power between a grid and electric drive vehicles and also provides a network to help the owner communicate with the power grid. This system also enables demand response services, which helps to augment the efficiency of the system during heavy loads. The V2G technology enables the use of EVs as distributed storage devices and also aids in saving the cost of electrical systems by providing regulation services, peak load management, and demand response and spinning reserves. This will lead to the increased adoption of V2G, which will be one of the major trends gaining traction in the electric car charging station market in the next four years.
According to this electric vehicle charging station market analysis report, the regular charging segment dominated the market in 2015 and accounted for about 80% of the total market share. Usually installed in home parking and workplace parking spaces, these electric car charging stations offer slow to medium charging. Though the rise in investments in fast charging technologies will result in this segment enduring a decline in market share, it will continue to dominate the market in the coming years.
Get more value with Technavio’s subscription platform! Gain easy access to all of Technavio’s reports, along with on-demand services. Start your 14-day FREE trial
The public electric vehicle (EV) charging station segment is estimated to account for about 72% of the total electric vehicle charging station market share by 2020 and is anticipated to dominate the market throughout the forecast period. Increasing investments in vehicle charging infrastructure by the central government, local authorities, and major automakers will fuel the growth of this segment.
The market was previously controlled only by the SGCC (State Grid Corporation of China) and the CSPG (China Southern Power Grid). However, the recent shift in government policies has opened the market for a number of private vendors. Additionally, the government’s role in constructing new charging stations across the Chinese region will also lead to a number of new EV charging station manufacturers entering the market.
According to the electric vehicle charging station market forecast report, the leading vendors in the market are:
The other prominent vendors in the market are SGCC, CSPG, Zhejiang Wanma, and UTEK New Energy Technology.
Want to dial in on a specific segment? We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market segmentation by charging modes
PART 06: Market Segmentation by end-users
PART 07: Key leading cities
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Key vendor analysis
PART 15: Appendix
PART 16: Explore Technavio
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.