China's electric vehicle charging stations market is anticipated to expand at a CAGR of 38.52% to attain US$58.15 billion by 2029 from US$11.40 billion in 2024.
An EV (electric vehicles) charging station is a hub or center that offers charging solutions to these vehicles. This links an EV to a power source, allowing electric vehicles, like passenger cars, two/three wheel EVs, fleets, and electric transport vehicles, to charge their batteries. The EV charging station market is expected to grow significantly in China, mainly with the increasing ownership of electric vehicles and theintroduction of new policies and investment plants to boost the nation's EV infrastructure.
The increasing demand for electric vehicles nationwide is anticipated to boost the Chinese electric vehicle charging station market. With this increased demand, the need for suitable and efficient infrastructure will rise, pushing the market growth. Similarly, the Chinese electric vehicle charging station market is also estimated to witness a massive increase with the introduction of new policies and governmental initiatives, which are aimed at developing the EV infrastructure and ecosystem in the country.
The International Energy Agency (IEA), in its report, stated that China’s EV sales reached 8.1 million in 2021. The total number ofbattery electric vehicles sold in China in 2021 was recorded at about 3.3 million, which expanded further to 6 million in 2022. China is also among the leading producers of electric vehicles globally. The electric vehicle stock in China has grown massively in thepast few years. The agency stated that in 2021, the total electric vehicle stock of China was recorded at about 6.2 million, reaching 10.7 million in 2022. In 2023, the total EV stock almost doubled from 2021, reaching about 16.1 million units.
An EV (electric vehicles) charging station is a hub or center that offers charging solutions to these vehicles. This links an EV to a power source, allowing electric vehicles, like passenger cars, two/three wheel EVs, fleets, and electric transport vehicles, to charge their batteries. The EV charging station market is expected to grow significantly in China, mainly with the increasing ownership of electric vehicles and theintroduction of new policies and investment plants to boost the nation's EV infrastructure.
The increasing demand for electric vehicles nationwide is anticipated to boost the Chinese electric vehicle charging station market. With this increased demand, the need for suitable and efficient infrastructure will rise, pushing the market growth. Similarly, the Chinese electric vehicle charging station market is also estimated to witness a massive increase with the introduction of new policies and governmental initiatives, which are aimed at developing the EV infrastructure and ecosystem in the country.
China Electric Vehicle Charging Stations Market Drivers:
- The rising demand for Electric Vehicles
The International Energy Agency (IEA), in its report, stated that China’s EV sales reached 8.1 million in 2021. The total number ofbattery electric vehicles sold in China in 2021 was recorded at about 3.3 million, which expanded further to 6 million in 2022. China is also among the leading producers of electric vehicles globally. The electric vehicle stock in China has grown massively in thepast few years. The agency stated that in 2021, the total electric vehicle stock of China was recorded at about 6.2 million, reaching 10.7 million in 2022. In 2023, the total EV stock almost doubled from 2021, reaching about 16.1 million units.
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Industry and Market Insights, Opportunity Assessment, Product Demand Forecasting, Market Entry Strategy, Geographical Expansion, Capital Investment Decisions, Regulatory Framework & Implications, New Product Development, Competitive IntelligenceReport Coverage:
- Historical data & forecasts from 2022 to 2029
- Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behaviour, and Trend Analysis
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China's Electric Vehicle Charging Stations Market is segmented and analyzed as follows:
- By Type of Electric Vehicle
- Battery Electric Vehicle (BEVs)
- Plug-in Hybrid Electric Vehicle (PHEV)
- By Application
- Public
- Private
Table of Contents
1. INTRODUCTION
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
5. CHINA ELECTRIC VEHICLE CHARGING STATIONS MARKET BY TYPE OF ELECTRIC VEHICLE
6. CHINA ELECTRIC VEHICLE CHARGING STATIONS MARKET BY APPLICATION
7. COMPETITIVE ENVIRONMENT AND ANALYSIS
8. COMPANY PROFILES
Companies Mentioned
Some of the key companies profiled in this China Electric Vehicle Charging Stations Market report include:- ABB Ltd
- En+ Technologies
- WONIK PNE CO., LTD.
- Invt Electric Co.
- Delta Electronics
- XPENG Inc.
- Shell Energy (China) Co., Ltd.
- Tesla Inc.
- Zhejiang Benyi New Energy Co, Ltd.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 107 |
| Published | October 2024 |
| Forecast Period | 2024 - 2029 |
| Estimated Market Value ( USD | $ 11.4 Billion |
| Forecasted Market Value ( USD | $ 58.15 Billion |
| Compound Annual Growth Rate | 38.5% |
| Regions Covered | China |
| No. of Companies Mentioned | 9 |
