Concerns toward environment depletion is driving the growth of the global electric two-wheeler charging infrastructure market, in the forecast period, 2022-2026F.
According to TechSci report on, “Global Electric Two-Wheeler Charging Infrastructure Market - By Region, Competition, Forecast & Opportunities, 2026”, Global electric two-wheeler charging infrastructure market value was USD2624.16 million in the year 2020 and is expected to continue its growth with 32.09% CAGR in forecast years 2022 to 2026 to reach a value of USD11790.60 million by 2026. The global electric two-wheeler charging infrastructure market owes its growth to the factors like growing demand for electric two-wheelers for shared mobility and logistic services. Increasing air-pollution causing severe health issues is also inclining consumer preferences to the electric automotive and thus supporting the growth of the global electric two-wheeler charging infrastructure market in the upcoming five years. Due to rising concerns toward depleting environment and worsening climatic conditions, the governments across the globe have taken measures and beneficial initiatives to promote electric vehicles and provide supportive schemes for their launches and consumer uses, thus aiding the growth of the global electric two-wheeler charging infrastructure market in the next five years. Initiatives like introducing multiple emission-free public transportation systems in their respective countries to tackle the problem are advancements from governments trying to deal with the increasing carbon emission.
Additionally, increasing e-commerce sector demand further substantiates the growth of the global electric two-wheeler charging infrastructure market in the future five years. With increasing globalization, e-commerce giants are expanding their operations in wider geographies, and their need for on-time delivery further builds a positive scope for the increasing demand for charging infrastructure and thus aid the growth of the global electric two-wheeler charging infrastructure market in the forecast years, until 2027.
Browse over 153 market data Figures spread through 229 Pages and an in-depth TOC on "Global Electric Two-Wheeler Charging Infrastructure Market"
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The global electric two-wheeler charging infrastructure market is segmented by type, charging mode, installed location, connector type, type of charging, regional distribution, and competitive analysis. Based on charging mode, the market is further bifurcated into plug-in and wireless charging. Plug-in charging modes are expected to lead the market with the largest revenue shares of more than 94% in the upcoming five years on account of ease of accessibility to the system. Moreover, higher number of AC charging stations further drives the growth of the global electric two-wheeler charging infrastructure market in the next five years. Wireless charging may register growth in the future five years on account of advancing technology and increased research for the provision of more feasible and accessible services to the consumer. Advancement for faster charging is further anticipated to substantiate the growth of the global electric two-wheeler charging infrastructure market in the forecast years until 2026.
On the basis of installed location, the market is further fragmented between residential and commercial locations. The commercial sub-segment is anticipated to hold the largest revenue shares of the market and dominate the market segment in the upcoming five years on the grounds of higher installation costs. Installing an electric charging system at residential locations is expensive and requires maintenance. Maintenance further adds to the cost of the complete infrastructure. The requirement of experts for charging and installation is also another responsible factor toward the growth of the sub-segment and drives the growth of the global electric two-wheeler charging infrastructure market in the next five years.
A partial list of major market players of the global electric two-wheeler charging infrastructure market includes:
- ChargePoint, Inc.
- Schneider Electric SE
- EVBox B.V.
- ABB Ltd.
- Siemens AG
- Eaton Corporation plc
- Royal Dutch Shell Plc
- Blink Charging Co.
- TGOOD Global Ltd.
- Exicom Tele-Systems Limited
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“The regional analysis of the market is conducted between Asia Pacific, Europe, America region along with rest of the world considered separately. Asia Pacific region is expected to dominate the segment analysis in the upcoming five years on the account of increasing usage of electric two-wheelers in the regional countries like China, India, Thailand, etc. China holds the largest revenue share of the market in the Asia Pacific region. The country is growing rapidly over government support and involvement toward developing electric two-wheeler charging infrastructures. The E-commerce industry is also expanding in the region. With the presence of global giants in the region's industry also substantiates the future growth of the global electric two-wheeler charging infrastructure market in the next five years.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Electric Two-Wheeler Charging Infrastructure Market - Global Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2016-2026, Segmented By Type (AC and DC), By Charging Mode (Plug-in and Wireless), By Installed Location (Residential and Commercial), By Connector Type (UK 3-Pin, Industrial Commando, Type 1, Type 2, CHAdeMO, and CCS), By Type of Charging (Slow and Fast), By Region” has evaluated the future growth potential of global electric two-wheeler charging infrastructure market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global electric two-wheeler charging infrastructure market.
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