Germany Electric Vehicle (EV) Charging Station Infrastructure Market Global Size 2029
Research Nester published a report titled “Germany Electric Vehicle (EV) Charging Station Infrastructure Market: Demand Analysis & Opportunity Outlook 2029” which delivers detailed overview of the Germany electric vehicle (EV) charging station infrastructure market in terms of market segmentation by type of charging station, charging mode, charger plug type, type of charger, and by application.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The Germany electric vehicle (EV) charging station infrastructure market is segmented by charger plug type into type 1 and type 2, out of which, the type 2 segment is projected to hold the largest market share by the end of 2021, owing to the increasing availability of electric vehicle fleet that have type 2 charging connector, along with the growing presence of type 2 charging stations in the nation. Moreover, the properties of fast charging supported by type 2 chargers over type 1 chargers is also anticipated to contribute to the growth of the segment in the coming years.
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The Germany electric vehicle (EV) charging station infrastructure market is projected to exhibit a significant CAGR during the forecast period, i.e., 2021-2029, backed by the rising need of the government to deploy a greater number of EV charging stations so as to lower the gap between two different charging sites. Further, increasing sales of electric vehicles, along with the increasing financial aid provided by the government of Germany to develop the infrastructure for electric mobility is also anticipated to drive the market growth in the nation during the forecast period.
Rising Need for EV Charging Stations in Germany
The share of new registrations of electric vehicles in Germany is estimated to almost double in 2019 from 2018, as per the statistics by the European Environment Agency (EEA). Additionally, by 2030, electric vehicles are estimated to take over 40% of the share of total sales of passenger vehicles in the nation.
With the rapid surge in the total fleet of electric vehicles in Germany, there is a rising need to have adequate infrastructure for charging these vehicles at ease. It is estimated that around 5 million public chargers need to be deployed in the nation by 2030 to support the growing EV fleet. Increasing focus of the government of the nation to promote electric mobility by means of proposing numerous stimulus plans and deploying dedicated teams for monitoring the progress of the initiatives framed by the government are some of the factors anticipated to drive the growth of the market in the coming years.
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However, the concern for the high price of EV charging stations is expected to operate as key restraint to the growth of Germany electric vehicle (EV) charging station infrastructure market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the Germany electric vehicle (EV) charging station infrastructure market which includes company profiling of ebee smart technologies GmbH, innogy eMobility Solutions GmbH, MENNEKES Elektrotechnik GmbH & Co. KG, alpitronic GmbH, Tritium Group, E.On Energie Deutschland GmbH, EnBW Energie Baden-Württemberg AG (ETR: EBK), DEKRA SE, Vestel Germany GmbH, and KEBA AG. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the Germany electric vehicle (EV) charging station infrastructure market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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