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The global electric vehicle (EV) fast-charging system market is projected to reach $10.82 billion in terms of revenue by 2031 at a CAGR of 16.56%, reveals the premium market intelligence study by BIS Research.

The EV fast-charging system market is getting traction around the world owing to reducing the charging time. Increased research and development activities are underway to develop EV fast-charging system-based products, which are anticipated to propel the market.

Increasing investments in the R&D of EV fast-charging systems is one of the major opportunities in the Global EV Fast Charging System Market. Additionally, the EV fast-charging system market is in a growth phase in some regions and in the introduction phase in others.

The detailed study is a compilation of 173 market data tables and 37 figures spread through 249 pages and in-depth TOC on “Global EV Fast Charging System Market – Analysis and Forecast, 2021-2031”

USP of the Report

This extensive report can help with:

  •  Extensive competitive benchmarking of the top 20 players (including Chinese and Non-Chinese companies) has been done to offer a holistic view of the global EV fast-charging system market landscape.
    •    Market ranking analysis based on product portfolio, recent developments, and regional spread
    •    Investment landscape including product adoption scenario and evolving business models in the market.

Analyst’s Take on the Market:

According to Ayan Bandopadhyay, Lead Analyst, BIS Research“EV fast-charging system market is in a growing phase, and we have witnessed tremendous growth in this market. This growth is expected to shape the market in the upcoming years. Manufacturers are focusing on key development activities such as product launches, collaborations, and expansions which will have an optimistic impact on the market. Constantly evolving business models offered by manufacturers are propelling the market growth. There are many start-ups coming into the market and making their mark. Manufacturers who use a diversity of corporate and business strategies may gain more benefits in the market. Advancement in technologies with newly upgraded fast charging system offered by manufacturers anticipated to spur the EV fast-charging system market”.

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Key Companies Operating in the Market and Competition Landscape

The companies that are profiled have been selected based on inputs gathered from primary experts and analyzing company coverage, product portfolio, and market penetration.

The top segment players which are leading include EV fast-charging system-based Chinese players in the market capturing around 57% of the market share. Whereas Non-Chinese players in the market capture around 43% of the market share in the global EV fast-charging system market.

Some of the prominent names established in this market are:

ABB, Blink Charging Co., Delta Electronics, Inc., Tritium Pty Ltd, Proterra Inc., Star Charge, ShenZhen SETEC Power Co., Ltd., and more.

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Key Questions Answered in the Report:

  • What is an EV fast-charging system?
  • What are the key trends in the EV fast-charging system
  • What kind of new strategies are being adopted by the existing market players to strengthen their market position in the industry?
  • For a new company looking to enter the EV fast-charging system market, which areas could it focus upon to stay ahead of the competition?

Who should buy this report?

  • EV network operators.
  • Original equipment manufacturers.
  • EV fast-charging system software and hardware solution providers.

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Wiring Harnesses and Connectors for Electric Vehicles Market

About BIS Research: 

BIS Research is a global B2B market intelligence and advisory firm focusing on deep technology and related emerging trends which can disrupt the market dynamics in the near future. We publish more than 200 market intelligence studies annually that focus on several deep technology verticals. 

Our strategic market analysis emphasizes market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data, and other important market parameters useful in the strategic decision-making for senior management. 

BIS Research offers syndicate as well as custom studies and expert consultations to firms, providing them specific and actionable insights on novel technology markets, business models, and competitive landscape. 

BIS Healthcare vertical offers intelligence in the healthcare technology market for Medical Devices, Digital Health, Life Sciences, Robotics and Imaging, Information Technology, Precision Medicine, and other emerging healthcare technologies, covering the entire industry spectrum. In the past 5 years, BIS Healthcare has published more than 50 reports under the precision medicine banner. Additionally, BIS Research has been nominating Top 25 Voices in Precision Medicine on its Insight Monk platform for the past two years successfully.  

 

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Tags: technology, Electric Vehicles, EV Charging, Automotive Industry, Market Research, Mobility, EV, AutoTech