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AC Electric Vehicle Charging Station Market Trends

Report ID: GMI9654
Published Date: May 2024
Report Format: PDF

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AC Electric Vehicle Charging Station Market Trends

Rising adoption of data analytics & connectivity along with increasing regulatory regimes towards the adoption of electric vehicles to curb down the emission is facilitating the market expansion. Data analytics and connectivity features are increasingly being integrated into AC charging stations to provide insights into charging behavior, energy consumption, and grid management. These features enable operators to optimize charging station deployment, manage peak demand, and offer value-added services to customers.

In addition, regulatory developments, including building codes, zoning regulations, and EV infrastructure mandates, are shaping the AC EV charging station industry. Governments are enacting policies to incentivize the deployment of charging infrastructure and ensure interoperability and accessibility for EV owners.

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

The market size of AC electric vehicle (EV) charging station reached USD 15.1 billion in 2023 and will grow at 22.2% from 2024 to 2032, led by global electric vehicle market expansion.

The level 2 segment is expected to surpass USD 92 billion by 2032, driven by continuous urbanization along with rising smart city initiatives.

Asia Pacific market is anticipated to exceed USD 63 billion by 2032, propelled by growing demand for electric vehicles along with increasing technological advancements.

ABB, Blink Charging Co, Bosch Automotive Service Solutions LLC, ChargePoint, Inc, Charge Zone India, Delta Electronics, Eaton, Elli, Enphase Energy, and EVBox among others.