Research conducted by Technavio reveals, that the Chinese Electric Vehicle Charging Station market is expected to grow rapidly. The report, which focuses exclusively on China indicates, that the market is currently driven by the various green initiatives under taken by the government to promote the use of electric vehicles.
China, the largest automobile market in the world, has been witnessing increased pollution. As a result, the government has been promoting electric vehicles by providing grants and subsidies. This in turn has been driving the growth of electric vehicle charging stations, reports Technavio analyst.
In spite of the need, the lack of standards and infrastructure hinder the growth of this market. However, the scarcity of oil reserves is another factor that will drive growth in this market.
The Electric Vehicle Charging Station market is marked by several energy companies entering the charging station segment. This makes the study an important one for companies to fully understand the potential in the market and formulate its own strategy.
The report, Chinese Electric Vehicle Charging Station Market 2010-2014, is based on an extensive research from inputs by industry experts, vendors and end-users. It examines the factors- including the key trends, drivers and challenges, impacting the evolution of this market. Further, it contains an in-depth understanding of the key vendors including their SWOT analysis. Companies mentioned in this report include: NARI, XJ Electric, Rongxin Power Electronic and Henan Senyuan Electric.
TechNavio’s analysts forecast the Chinese Electric Vehicle Charging Station market to grow at a CAGR of 153.2 percent over the period of 2010-2014. One of the key factors contributing to this market growth is scarcity of oil reserves in China. The Chinese Electric Vehicle Charging Station has also been witnessing government initiative to build the infrastructure required for Electric Vehicles. However, lack of standards and infrastructure could hinder the growth of this market.
Key vendors dominating this market space include Nari, XJ Electric, Rongxin Power Electronic, and Henan Senyuan Electric.
TechNavio’s Chinese Electric Vehicle Charging Station Market 2010-2014 has been prepared based on an in-depth analysis of the market with inputs from industry experts. The report focuses on the Chinese market; it covers the Electric Vehicle Charging Station market landscape and its growth prospects.
Key questions answered in this report: What will the market size be in 2014 and at what rate will it grow? What key trends is this market subject to? What is driving this market? What are the challenges to market growth? Who are the key vendors in this market space? What are the opportunities and threats faced by each of these key vendors? What are the strengths and weaknesses of each of these key vendors?
Find out more here.