The report forecasts the electric vehicle charging station market in China to grow at a CAGR of 115.84% during the period 2016-2020.
Commenting on the report, an analyst from the research team said: An upcoming trend which will boost market growth is the increased adoption of V2G (vehicle to grid) systems. A vehicle to grid (V2G) system enables the flow of power between a grid and electric drive vehicles such as BEVs, PHEVs, and FCVs. These systems also provide a network to help the owner to communicate with the power grid. The V2G technology enables demand response services to the power grid, thereby enhancing the efficiency of the system during heavy loads.
According to the report, a key growth driver is the need for energy independence. Energy independence is the practice of reducing the reliance of a country on foreign oil imports to power its vehicles. In China, the dependence of the country's transport sector on gasoline has increased drastically in the past two decades. Owing to the volatility in oil prices, China is taking steps to scale down its imports and become self-reliant on imports to meet its energy demand. Considering the increasing share of the transport sector in gasoline consumption, China is promoting the use of EVs to reduce the burden on gasoline. Beijing also exempts small passenger EVs from rush-hour restrictions.
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
- Hong Kong EV Power
- ShangaHai Xundao New Energy Technology
- SORO Electronics
- Zhejiang Wanma Group
- UTEK New Energy Technology
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market segmentation by charging modes
PART 06: Market Segmentation by end-users
PART 07: Key leading cities
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Key vendor analysis
PART 15: Appendix
PART 16: About the Author
For more information visit http://www.researchandmarkets.com/research/gmswl9/electric_vehicle
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SOURCE Research and Markets