IMARC Group, a leading market research company, has recently releases report titled, “India Electric Vehicle Charging Station Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028 “, The study provides a detailed analysis of the industry, including the electric vehicle charging station in India market share, size, trends and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advances in the market.
Report Highlights:
How big is the India electric vehicle charging station market?
The India electric vehicle charging station market is expected to exhibit a growth rate (CAGR) of 8.5% during 2023-2028.
What is India electric vehicle charging station?
Electric vehicle charging stations supply electric energy for the charging of plug-in electric vehicles (EVs) and hybrid electric vehicles (HEVs). It comprises a power grid, energy controller, EV charger, facility meter, software platform, and network operating center. It also includes advanced features, such as smart metering, cellular capability, and network connectivity. As it assists in reducing greenhouse gas (GHG) emissions and maintenance costs and improving public health, the demand for electric vehicle charging stations is rising in India.
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What are the growth prospects and trends in the India electric vehicle charging station industry?
At present, the increasing demand for EVs due to their convenience and high efficiency as compared to internal combustion engine (ICE) vehicles represents one of the key primary factors propelling the market growth in India. Besides this, technological advancements in the EV charging to reduce the time of charging are offering a positive market outlook in the country. Apart from this, the Government of India is undertaking several initiatives for promoting the usage of EVs as they are an environment-friendly source of transportation. They are also providing various incentives, subsidies, and reimbursements to the owner of EVs, which is contributing to the market growth in the country. The integration of EV charging stations with advanced technologies, including remote sensors, wireless connectivity, and telematics devices,
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Charging Station Type:
- AC Charging
- DC Charging
- Inductive Charging
Breakup by Vehicle Type:
- Battery Electric Vehicle (BEV)
- Plug-in Hybrid Electric Vehicle (PHEV)
- Hybrid Electric Vehicle (HEV)
Breakup by Installation Type:
- portable charger
- Fixed Charger
Breakup by Charging Level:
- Level 1
- Level 2
- Level 3
Breakup by Connector Type:
- Combines Charging Station (CCS)
- CHAdeMO
- Normal Charging
- Tesla Superchargers
- Type-2 (IEC 621196)
- Others
Breakup by Application:
- Residential
- Commercial
Breakup by Region:
- North India
- West and Central India
- South India
- East India
Competitive Landscape:
- The competitive landscape of the industry has also been examined along with the profiles of the key players.
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