DUBLIN--(BUSINESS WIRE)--The "Asia-Pacific Electric Vehicle Charging System Market 2021-2028" report has been added to ResearchAndMarkets.com's offering.

Asia-Pacific electric vehicle charging system market is to develop at a CAGR of 42.17% through the years 2021-2028.

South Korea is among the top manufacturers of automotive vehicles globally. Moreover, the country exports a large portion of its automobile production as it is involved in free trade agreements with the European Union and the US. Furthermore, the government is encouraging the developments that amplify the sales of electric vehicles, creating interest among the consumers.

Besides, the country is strategizing to install innovative fast-charging stations for electric vehicles. Above all, in January 2021, the government revised its electric vehicle subsidy scheme to eliminate the high-prices electric cars. All these factors are propelling the electric vehicle charging system on a growth path across South Korea.

On the other hand, Singapore is anticipated to observe a spike in the electric vehicle charging operators as efforts are taken to expand the charging infrastructure for green cars. This step is considering the government's effort to phase out internal combustion engines by 2040. Under the Singapore Green Plan, a large number of electric vehicle charging points will be constructed at public parks and private premises, adding to the electric vehicle charging system market's progress in Singapore.

Competitive Outlook

The major companies in the electric vehicle charging system market comprise Delta Electronics, Inc., Siemens, ChargePoint, ABB Ltd, Schneider Electric, SemaConnect, and Eaton.

Key Topics Covered:

1. Asia-Pacific Electric Vehicle Charging System Market - Summary

2. Industry Outlook

2.1. Key Insights

2.1.1. Rise in Investments in Electric Vehicle Industry

2.1.2. Rising Environmental Pollution Increases Growth Prospects for the Market

2.1.3. Many Countries Have Set Targets to Phase-Out Internal Combustion Engine Vehicles

2.2. Impact of COVID-19 on Electric Vehicle Charging System Market

2.3. Porter's Five Forces Analysis

2.4. Market Attractiveness Matrix

2.5. Industry Components

2.6. Vendor Scorecard

2.7. Key Market Strategies

2.8. Market Drivers

2.8.1. Growth in Electric Vehicle Sales

2.8.2. Governmental Initiatives in Favor of the Market

2.8.3. Technological Innovations

2.9. Market Challenges

2.9.1. High Setup Costs

2.9.2. Lack of Standardization

2.9.3. Extended Charging Time and Competition from Other Technologies

2.10. Market Opportunities

2.10.1. Advancements in Wireless Charging Technology

2.10.2. Growth in Vehicle-To-Grid (V2G) Technologies

2.10.3. Opportunities from Changing Market Dynamics

3. Asia-Pacific Electric Vehicle Charging System Market - by Product Type

3.1. Home Charging Systems

3.2. Commercial Charging Systems

4. Asia-Pacific Electric Vehicle Charging System Market - by Mode of Charging

4.1. Plug-In Charging System

4.1.1. Level 1

4.1.2. Level 2

4.1.3. Level 3

4.2. Wireless Charging System

5. Asia-Pacific Electric Vehicle Charging System Market - Regional Outlook

5.1. China

5.2. Japan

5.3. India

5.4. South Korea

5.5. Singapore

5.6. Australia & New Zealand

5.7. Rest of Asia-Pacific

6. Competitive Landscape

• ABB Ltd
• Alfen
• Allego
• Blink
• ChargePoint
• Delta Electronics, Inc.
• Eaton
• Efacec
• EVBox
• EVgo
• Schneider Electric
• SemaConnect
• Siemens
• Tesla
• Webasto

For more information about this report visit https://www.researchandmarkets.com/r/nkcgms

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