Forecast The China Electric Vehicle Market To Grow At a CAGR Of 115.84% During The Period 2017-2020
China has been aggressive in its efforts to promote EV adoption, primarily to cope with the growing pollution scenario. China was placed at the top of the nations with the most carbon dioxide emissions in 2011. Chinas tremendous economic growth has been riding on the countrys manufacturing sector, which has been a key contributor to the emissions. Apart from the manufacturing sector, industrial segments such as thermal power plants have also contributed largely to the countrys carbon emissions. The share of the transportation sector in carbon emissions has increased significantly in the past two decades.
Technavios analysts forecast the electric vehicle charging station market in China to grow at a CAGR of 115.84% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the electric vehicle charging station market in China for 2016-2020.
In order to arrive at the market size, we have considered the total installed EV charging units. The report considers the different modes of charging. For market size calculation, the report considers the total stock of electric cars and buses in China. There is another category of EVs, which are the low-speed EVs. This category of cars was not considered since they are not recognized by Chinas central government and are not counted in the official automotive statistics.
The market is divided into the following segments based on cities:
Shanghai
Jiangsu
Hong Kong
Shenzhen
Beijing
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Technavio's report, Electric Vehicle Charging Station Market in China 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
BYD
Hong Kong EV Power
ShangaHai Xundao New Energy Technology
SORO Electronics
ABB
Other prominent vendors
SGCC
CSPG
Zhejiang Wanma Group
UTEK New Energy Technology
Market driver
Need for energy independence
For a full, detailed list, view our report
Market challenge
Growing market for low-speed EVs
For a full, detailed list, view our report
Market trend
Increased adoption of V2G systems
For a full, detailed list, view our report
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Key questions answered in this report
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?
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