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Europe AC Electric Vehicle Charging Station Market Trends

Report ID: GMI11070
Published Date: Aug 2024
Report Format: PDF

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Europe AC Electric Vehicle Charging Station Market Trends

The rising adoption of data analytics and connectivity, along with increasing regulatory measures promoting electric vehicle adoption to reduce emissions is driving market expansion. Data analytics and connectivity features are being integrated into AC charging stations to provide insights into charging behaviour, energy consumption, and grid management. These capabilities enable operators to optimize charging station deployment, manage peak demand and offer value-added services to customers. Additionally, regulatory developments including building codes, zoning regulations, and EV infrastructure mandates, are influencing the AC EV charging station market. Governments are implementing 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 Europe AC electric vehicle charging station was worth over USD 1.3 billion in 2023 and is anticipated to register 32.7% CAGR between 2024 to 2032, owing to the expansion of regional electric vehicle adoption, coupled with economic factors.

Europe AC electric vehicle charging station industry from the level 2 segment will record USD 17 billion by 2032, due to the increasing number of smart city initiatives in developing regions and ongoing urbanization.

Netherlands AC electric vehicle charging station industry size will reach USD 2 billion by 2032, fueled by government incentives such as tax benefits and subsidies for EV buyers and stringent environmental regulations.

ABB, Bosch Automotive Service Solutions LLC., Blink Charging Co., ChargePoint, Inc., Eaton, Delta Electronics, EVBox, Elli, Enphase Energy, Leviton Industries, SIGNET EV, and Schneider Electric, among others.