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Asia Pacific AC Electric Vehicle Charging Station Market Trends

Report ID: GMI10908
Published Date: Aug 2024
Report Format: PDF

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Asia Pacific AC Electric Vehicle Charging Station Market Trends

Rapid urbanization and smart city initiatives are driving the demand for AC EV charging stations. Governments are integrating EV infrastructure into urban planning to promote sustainable transportation. Smart cities in China, India, and Southeast Asia are incorporating EV charging solutions to reduce carbon emissions and improve urban mobility. In addition, there is an increasing focus on integrating renewable energy sources with EV charging infrastructure. Solar-powered charging stations are gaining popularity as they offer sustainable and cost-effective solutions. Countries like Australia and India are investing in solar-powered EV charging networks to reduce dependence on the grid and promote green energy.

Authors: Ankit Gupta , Shashank Sisodia

Frequently Asked Questions (FAQ) :

Asia Pacific market for AC electric vehicle charging station was worth over USD 12.5 billion in 2023 and will exhibit an 18.9% CAGR from 2024 to 2032, attributed to government incentives, advancements in technology, strategic partnerships, and growing consumer demand for electric vehicles.

Asia Pacific AC electric vehicle charging station industry from the public charging site segment will garner 19.5% CAGR through 2032, owing to the growing need for widespread and accessible charging infrastructure.

China AC electric vehicle charging station industry will surpass USD 2 billion by 2032, fueled by government incentives, including tax benefits and subsidies for electric vehicle (EV) buyers, along with stringent environmental regulations designed to lower carbon emissions.

ABB, Blink Charging Co., ChargePoint, Inc., Eaton, Delta Electronics, Efacec, EVBox,EVSE Australia Pty Ltd., Elli, Enphase Energy, Leviton Industries, LG Electronics Inc., Starcharge, SIGNET EV, Schneider Electric, Siemens, Volta Industries Inc., and Vinfast, among others.