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2022-2027 :
According to the latest report by IMARC Group, titled " India Electric Vehicle Charging Station Market: Industry Trends, Share, Size, Growth, Opportunity a nd Forecast 2022-2027
," the India electric vehicle charging station market is expected to grow a CAGR of 8.90% during 2022-2027. An electric vehicle charging station refers to a setup that is generally built to provide a source of electricity for electric vehicles and hybrid electric cars. It is equipped with a facility meter, power grid, energy controller, charger, network operating center, software platform, and lithium-ion batteries. Besides this, it comprises different degrees of charging level that differs on the basis of the types of connectors used, charging speed, cost of installation and battery size. Due to the increasing adoption of EVs among the masses, there has been a considerable rise in the development of EV charging stations across the country.
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The market in India is primarily driven by significant growth in the automotive industry. Coupled with the increasing manufacturing and sales of electric vehicles, this is propelling the demand for charging stations across the country. Along with this, the growing pollution levels are encouraging individuals to shift towards the usage of EVs, thereby catalyzing the market growth. Moreover, numerous initiatives undertaken by the government, including the implementation of various policies and programs for emobility and financial assistance for fleet businesses, are creating a positive market outlook. In line with this, heavy investments by private and public agencies in the development of EV charging stations across geographically extended locations and public facilities are acting as other major growth-inducing factors. Furthermore, continual technological advancements, such as the integration of the internet of things (IoT) with charging stations, are impacting the market favorably. Other factors, including rapid urbanization, continuous expansion of smart cities and extensive research and development (R&D) activities conducted by key players, are further contributing to the market across India.
View Report TOC, Figures and Tables: https://www.imarcgroup.com/india-electric-vehicle-charging-station-market
•The report has also analysed the competitive landscape of the market along with the profiles of the key players.
1. What is the expected growth rate of the India electric vehicle charging station market during 2022-2027?
What are the key factors driving the India electric vehicle charging station market?
What has been the impact of COVID-19 on the India electric vehicle charging station market?
What is the breakup of the India electric vehicle charging station market based on the charging station type?
What is the breakup of the India electric vehicle charging station market based on the vehicle type?
What is the breakup of the India electric vehicle charging station market based on the installation type?
What is the breakup of the India electric vehicle charging station market based on charging level?
What is the breakup of the India electric vehicle charging station market based on the connector type?
What is the breakup of the India electric vehicle charging station market based on the application? 10. What are the key regions in the India electric vehicle charging station market?
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