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Electric Vehicle Charging Infrastructure Market in APAC Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2021-2025

Electric Vehicle Charging Infrastructure Market in APAC Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2021-2025

Published: Oct 2021 120 Pages SKU: IRTNTR71149

Market Overview at a Glance

$15.70 B
Market Opportunity
29.58%
CAGR
YoY growth 2019-2020(%)

The electric vehicle charging infrastructure market share in APAC is expected to increase by USD 15.70 billion from 2021 to 2025, and the market’s growth momentum will accelerate at a CAGR of 29.58%.

This electric vehicle charging infrastructure market research report of APAC provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by type (AC and DC) and geography (China, South Korea (Republic of Korea), Japan, and Rest of APAC). The electric vehicle charging infrastructure market report of APAC also offers information on several market vendors, including ABB Ltd., ChargePoint Inc., Daimler AG, Renault SA, Royal Dutch Shell Plc, Schneider Electric SE, Siemens AG, Tesla Inc., TotalEnergies SE, and Webasto SE among others.

What will the Electric Vehicle Charging Infrastructure Market Size in APAC be in 2021?

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Electric Vehicle Charging Infrastructure Market in APAC: Key Drivers and Trends

The growing production of EVs is notably driving the electric vehicle charging infrastructure market growth in APAC, although factors such as lack of standardization and infrastructure may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the electric vehicle charging infrastructure industry in APAC. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

  • The increase in the production of EVs will drive the demand for EV charging infrastructure, thus supporting the growth of the market in focus during the forecast period. 
  • The rise in concerns about environmental pollution is encouraging countries to shift from diesel- or petrol-based vehicles to EVs.
  • A full EV has zero tailpipe emissions, and this makes them cleaner, greener, and better for the environment than petrol or diesel vehicles. Such advantages are increasing the demand for EVs.
  • The growing need to control emissions and reduce air pollution, as well as the increase in demand from consumers, is encouraging automotive manufacturers to focus on the development and launch of EVs. 
  • Government funding, incentives, and subsidies for the development and expansion of EV charging infrastructure are key factors influencing the growth of the market in focus.
  • Governments have taken several initiatives and have increased subsidies and incentives for the development of EV charging infrastructures.
  • They are providing subsidies and incentives in various markets for the use of EV charging solutions, thereby boosting the sales of BEVs and PHEVs.
  • They are extending support in the form of reduced taxes, funding, or easier and simpler installation of EV charging stations at various public places, as well as in the residential and commercial sectors.

This electric vehicle charging infrastructure market analysis report of APAC also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Electric Vehicle Charging Infrastructure Market Vendors in APAC?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • ABB Ltd.
  • ChargePoint Inc.
  • Daimler AG
  • Renault SA
  • Royal Dutch Shell Plc
  • Schneider Electric SE
  • Siemens AG
  • Tesla Inc.
  • TotalEnergies SE
  • Webasto SE

 

This statistical study of the EV charging infrastructure market in APAC encompasses successful business strategies deployed by the key vendors. The Asia-Pacific electric vehicle charging infrastructure market is fragmented and the vendors are deploying growth strategies such as product launches and mergers and acquisitions to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The electric vehicle charging infrastructure market forecast report of APAC offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Electric Vehicle Charging Infrastructure Market in APAC?

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92% of the market’s growth will originate from China during the forecast period. China is a key market for electric vehicle charging infrastructure in APAC. Market growth in China will be faster than the growth of the market in South Korea (Republic of Korea) and Japan.

The growing adoption and sales of EVs, the enactment of various laws, subsidies, and policies to promote the adoption of EVs, and the declining battery costs will facilitate the EV charging infrastructure market growth in China over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Type Segments in the Electric Vehicle Charging Infrastructure Market in APAC?

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The electric vehicle charging infrastructure market share growth in APAC by the AC segment will be significant during the forecast period. The adoption of AC charging infrastructures is higher due to their lower cost of production, operation, and installation than their counterparts. Therefore, the tariffs to charge from an AC EV charging infrastructure is also lower than its counterparts. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the EV charging infrastructure market size in APAC and actionable market insights on post COVID-19 impact on each segment.

 

Electric Vehicle Charging Infrastructure Market Scope in APAC

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 29.58%

Market growth 2021-2025

$ 15.70 billion

Market structure

Fragmented

YoY growth (%)

23.99

Regional analysis

China, South Korea (Republic of Korea), Japan, and rest of APAC

Performing market contribution

China at 92%

Key consumer countries

China

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

ABB Ltd., ChargePoint Inc., Daimler AG, Renault SA, Royal Dutch Shell Plc, Schneider Electric SE, Siemens AG, Tesla Inc., TotalEnergies SE, and Webasto SE

Market Dynamics

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Factors Covered in this Electric Vehicle Charging Infrastructure Market Report of APAC?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive Asia-Pacific electric vehicle charging infrastructure market growth during the next five years
  • Precise estimation of the Asia-Pacific electric vehicle charging infrastructure market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the electric vehicle charging infrastructure industry across China, South Korea (Republic of Korea), Japan, and rest of APAC
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of electric vehicle charging infrastructure market vendors in APAC

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Type

    • Market segments
    • Comparison by Type
    • AC - Market size and forecast 2020-2025
    • DC - Market size and forecast 2020-2025
    • Market opportunity by Type

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • China - Market size and forecast 2020-2025
      • South Korea (Republic of Korea) - Market size and forecast 2020-2025
      • Japan - Market size and forecast 2020-2025
      • Rest of APAC - Market size and forecast 2020-2025
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Vendor landscape
      • Landscape disruption
      • Competitive scenario

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • ABB Ltd.
      • ChargePoint Inc.
      • Daimler AG
      • Renault SA
      • Royal Dutch Shell Plc
      • Schneider Electric SE
      • Siemens AG
      • Tesla Inc.
      • TotalEnergies SE
      • Webasto SE

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Methodology

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      INFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases

      DATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts

      REPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape

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      Frequently Asked Questions

      Electric Vehicle Charging Infrastructure market growth will increase by 15696.71 million during 2020-2025 .

      The Electric Vehicle Charging Infrastructure market is expected to grow at a CAGR of 29.58% during 2020-2025 .

      Electric Vehicle Charging Infrastructure market is segmented by Type( AC, DC) Geographic( China, South Korea (Republic of Korea), Japan, Rest of APAC)

      ABB Ltd., ChargePoint Inc., Daimler AG, Renault SA, Royal Dutch Shell Plc, Schneider Electric SE, Siemens AG, Tesla Inc., TotalEnergies SE, Webasto SE are a few of the key vendors in the Electric Vehicle Charging Infrastructure market.

      China will register the highest growth rate of 91.99% among the other regions. Therefore, the Electric Vehicle Charging Infrastructure market in China is expected to garner significant business opportunities for the vendors during the forecast period.

      China

      • Growing production of EVs is the driving factor this market.

      The Electric Vehicle Charging Infrastructure market vendors should focus on grabbing business opportunities from the AC segment as it accounted for the largest market share in the base year.