EV Charging Infrastructure Market Report - Reach $23.39 Bn, Globally, by 2028 at 15.0% CAGR dominated by Asia Pacific during 2021-2028 | The Insight Partners

 

Asia Pacific dominated the EV charging infrastructure market in 2020 with 45.2% of total share and Europe is the second-largest contributor to the global EV charging infrastructure industry in 2020, followed by North America. Due to Surge in global production, sales of electric vehicles and smart charging & connected Infrastructure.

Pune,India, June 28, 2023 (GLOBE NEWSWIRE) -- The Insight Partners published latest research study on “EV Charging Infrastructure Market Size Report, Share, Revenue, Growth Strategy, Industry Trends and Forecast to 2028 - COVID-19 Impact and by Platform, Hardware, Charger Type, IEC Mode, and Geography”, the EV charging infrastructure market was valued at $8.80 billion in 2021 and is projected to reach $23.39 billion by 2028; it is expected to grow at a CAGR of 15.0% from 2021 to 2028. The expansion of electric vehicle market and rise in adoption of electric vehicles owing to government initiatives. However, the high cost of electric vehicle charging infrastructure is expected hinder the growth of the market.

https://www.globenewswire.com/en/news-release/2023/06/28/2696368/0/en/EV-Charging-Infrastructure-Market-Report-Reach-23-39-Bn-Globally-by-2028-at-15-0-CAGR-dominated-by-Asia-Pacific-during-2021-2028-The-Insight-Partners.html