Electric Vehicle Infrastructure Market Set to Grow at CAGR 27% till 2021
Rising adoption of electric
vehicles and increasing government focus on reducing carbon emissions to drive
global electric vehicle infrastructure market through 2021
According to TechSci
Research report “Global Electric Vehicle Infrastructure
Market
By Type, By Installed Location, By Region, Competition Forecast and Opportunities,
2011 - 2021”, the global market for electric vehicle infrastructure
is projected to grow at a CAGR of over 27% during 2016-2021, on account of increasing electric
vehicle fleet size and implementation of stringent regulations by local
governments to promote use of electric vehicles in the transportation sector.
Rising concerns over Increasing pollution from the
transportation sector and depleting natural resources is leading to adoption of
policies that discourage use of conventional vehicles and promote the use electric
vehicles, which is in turn anticipated to bolster growth in global electric
vehicle infrastructure market during 2016-2021. Global sales of electric
vehicles are forecast to reach 3.86 million units by 2020, up from 1.37 million
units in 2012.Global Sector Wise CO2 Emissions, By Percentage, 2013 |
Others
include agriculture, forestry, etc.
Source:
IEA
In 2013, the transport sector accounted for a share of 23% in
the overall global carbon dioxide emissions. Increasing penetration of electric
vehicles in the transport sector is projected to reduce pollution and lower
dependence on conventional fuels. Consequently, with increasing use of electric
vehicles across the globe, global electric vehicle infrastructure market is
projected to witness an upsurge in the forecast period. Furthermore, incentives
and subsidies offered by local governments and deployment of rapid charging
infrastructure for quick charging of electric vehicles is projected to increase
adoption of these vehicles and related charging infrastructure across
commercial and residential sectors. In order to promote the use of electric
vehicles, governments across the globe are focusing on the development of robust
charging infrastructure.
Browse 17 market data Tables and 51 Figures
spread through 167 Pages and an in-depth TOC on "Global Electric Vehicle Infrastructure
Market"
http://www.techsciresearch.com/report/global-electric-vehicle-infrastructure-market-by-type-ac-charger-dc-charger-by-installed-location-commercial-residential-by-region-north-america-europe-asia-pacific-competition-forecast-and-opportunities-2011-2021/688.html
“Demand
Response Program, conducted by electric utilities, is projected to fuel growth
in the global electric vehicle infrastructure market during the forecast
period. This program enables electric vehicle owners to feed electricity back
to the grid, thereby helping owners reduce total cost of ownership of electric
vehicles. Demand Response Program aims at managing load profile of electricity
grid, with electric vehicle owners being able to manage their consumption and also
feed power back to the grid.” said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
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“Global Electric Vehicle Infrastructure Market By Type, By
Installed Location, By Region, Competition Forecast and Opportunities, 2011
- 2021” has evaluated the future growth potential of global electric
vehicle infrastructure market
and provided statistics and information on market structure, industry behavior
and trends. The report includes market projections and demand forecasting. The
report is intended to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes emerging trends along with essential drivers,
challenges and opportunities available in global electric vehicle infrastructure market.
About TechSci Research
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