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DC Fast Electric Vehicle Charging Station Market Trends

Report ID: GMI5785
Published Date: May 2023
Report Format: PDF

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DC Fast Electric Vehicle Charging Station Market Trends

Rising innovations in charging technologies are creating lucrative opportunities for DC fast electric vehicle charging station market growth. Growing demand for short charging time for EVs has compelled many industry players to develop advanced solutions. In April 2021, E.ON Next, the part of renewable electricity provider E.ON, inked a deal with ev.energy, a provider of EV charging solutions to jointly launch ‘Next Drive’, an app bundle solution for electric vehicles. Governments across the world are also making substantial investments in advancing EV charging technologies, which may foster the business development.

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

The market size of DC fast electric vehicle charging station exceeded USD 17.6 billion and is expected to witness 30.9% CAGR from 2024 to 2032, driven by surging need for fast EV charging infrastructure.

Public DC fast electric vehicle charging station industry size will observe 27.5% growth till 2032, owing to the high availability of public EV charging stations worldwide.

Asia Pacific DC fast EV charging station industry size is estimated to amass USD 26 billion by 2032, on account of favorable government schemes for EV adoption in the regsion.

Some of the leading DC fast EV charging station business players are Leviton Manufacturing Co., Inc., Delta Electronics, Inc., Fortum, Tesla, Eaton, and Blink Charging Co., among others.