Albany, NY -- (SBWIRE) -- 07/16/2018 -- It is a well-known fact that electric cars are growing in popularity, and along with this, more electric car charging stations are likely to start popping up all over the country. According to the latest study findings, the global electric vehicle charging stations market is forecasted to witness a massively positive growth trajectory. To elaborate further, Market Research Reports Search Engine (MRRSE) has revealed a fresh study titled "Electric Vehicle Charging Station Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025" has been added to its massive online repository, which aims to analyze the future growth prospects of the market by covering its market landscape. This 246-page study also analyzed the potential of the market and provides statistics and information on market size, shares and growth factors.

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As per the active research evaluations, the global electric vehicle charging station market is expected to showcase a tremendous CAGR of 30.8% between 2017 and 2025. At this pace, the market's valuation will touch a value of US$37.48 bn by the end of 2025.

For its readers, the report majorly covers different sections on market definition, market dynamics including the key drivers, restraints and trends that are governing the market. To pour more light on this, geographical analysis has been presented. The regional analysis section of the report enlightens the reader about the market size and forecast for each region. Regions underlined in the study include Asia Pacific, South America, North America, Europe, and Middle East & Africa (MEA).

Some of the major highlights of the study include-

Presently, growing awareness about benefits electric vehicles provide, the market is gaining from favorable government policies. For instance, governments have introduced various subsidies to promote the sales of electric vehicles. This, as a result, increasing to a higher demand for number of electric vehicle charging stations.
In terms of geography, the research finds that the Asia Pacific is estimated to be a dominant region until the end of forecast period. The prime drivers of the electric vehicle charging station market in Asia Pacific region are refining infrastructure, favorable government regulations and growing environmental awareness.
Moreover, the research has analyzed market opportunities on the basis of technology, and end-use application. Major end-use include government, public space and municipalities, commercial office space, healthcare, retail, hospitality, residential, logistics and transportation (fleet services), education, and others. Based on technology, the market is segmented into level 1, level 2, and level 3. The report finds that the adoption of level 2 charging stations is expected to grow steadily in the coming years.
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As the report concludes, the report also provides extensive competitive analysis and profiles of the principal companies in the industry, including Bosch Automotive Service Solutions Inc., Hitachi, Ltd., ChargePoint, Inc., General Electric Co., ClipperCreek, Inc., Delta Group, Tesla Motors, Inc., AeroVironment, Inc., Eaton Plc, Enel Group, E-Station Pty Ltd., Siemens AG, KYOCERA Corp., Leviton Manufacturing Co., Inc., Nichicon Corp., Panasonic Corp., Schneider Electric SE, SemaConnect, Inc., Signet Systems Inc., Toyota Industries Corp.

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