NEW YORK, Feb. 25, 2022 /PRNewswire/ — The global peer-to-peer electric vehicle charging market is expected to reach a valuation of US$ 1.08 Bn in 2022. With growing advancements in the electric vehicle industry, the market is projected to register growth at a CAGR of 20%, exceeding US$ 6.7 Bn during the forecast period (2022-2032).

Growing focus of manufacturers and government towards developing charging infrastructure in parking spaces is projected to increase the sales in peer-to-peer electric vehicle charging market.

For instance, in March 2021, the Government of India declared that the buildings in New Delhi, such as hospitals, hotels, and malls, having parking space for 100 and above vehicles need to give at least 5% of the parking space for electric vehicles and charging points.

Such developments and initiatives are projected to create lucrative opportunities for the peer-to-peer electric vehicle charging market players.  

For Critical Insights on this Market, Request for More Info at:

https://www.factmr.com/connectus/sample?flag=S&rep_id=7153

Further, growing preference toward electric vehicles due to increasing fuel prices and to reduce carbon emission is anticipated to increase the demand in peer-to-peer electric vehicle charging market.

Subsequently, favorable initiatives by government across the U.S., China, and India to reduce the carbon footprints are spurring the sales of electric vehicles. This is likely to create remunerative growth prospects for the peer-to-peer electric vehicle charging market.

Additionally, collaborations and initiatives among leading companies and residential & commercial sectors for setting accessible electric charging stations will enable the sales of peer-to-peer electric vehicle charging over the assessment period.

Meanwhile, some of the manufacturers are focusing on advancing their electric vehicle production capacities and improving their research and development for high-grade peer-to-peer EV chargers.

Key Takeaways:

• North America is expected to account for more than 33% of the market share owing to the presence of leading manufacturers in the U.S.
• Asia Pacific is anticipated to hold more than 20% of overall market share on the back of favorable government initiatives to boost the adoption of electric vehicles in India.
• Based on charger type, Level 2 segment is projected to account for nearly 70% of the overall demand share.
• In terms of application, the residential segment is estimated to hold 60% of the market share for peer-to-peer electric vehicle charging.

Growth Drivers:

• Increasing establishment of charging stations at parking spaces is anticipated to bolster the demand for peer-to-peer electric vehicle charging stations.
• Favorable government initiatives for subsidies and policies is projected to spur the sales of electric vehicles, which, in turn, will aid the growth in the market.

To Gain In-Depth Insights on Peer-to-Peer Electric Vehicle Charging Market, Request Methodology at

https://www.factmr.com/connectus/sample?flag=RM&rep_id=7153

Competitive Landscape:

Leading players in the peer-to-peer electric vehicle charging market are focusing advancing their product line and improving their production capacities to strengthen their global presence. Some of the other players are adopting marketing strategies such as mergers and acquisitions, collaborations, partnerships, and joint ventures to gain a competitive edge.

For instance,

• February 2022: Chargepoint Inc. partnered with Sonepar for installing charging stations in different parts of France. The partnership is expected to help the organization in increasing the number of charging points in France and help Sonepar strengthen its footprint across France.
• February 2022: Enphase Energy Inc. entered into a partnership with Swell Energy Inc. to gain presence across New York, California, and Hawaii.
• March 2021: Charge Point extended its partnership with Volvo to introduce the in-car Charge Point app and provide the Volvo car drivers with continuous charging functionality. 

Key Companies Profiled by Fact.MR

• Chargepoint Inc.
• innogy
• Power Hero
• Enphase
• EV Meter
• Greenlots
• has·to·be gmbh
• Enel X
• EVBox
• Webasto Group

More Valuable Insights on Peer-to-Peer Electric Vehicle Charging Market

Fact.MR, in its report, offers a market analysis on the global peer-to-peer electric vehicle charging market providing unbiased analysis for the forecast period of 2022 to 2032. This survey also reveals the key growth factors and opportunities in the peer-to-peer electric vehicle charging market on the basis of:

By Charger Type:

By Application:

• Commercial
• Destination Charging Station
• Fleet Charging Station
• Workplace Charging Station
• Others
• Residential

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia & Oceania
• MEA

To Remain ‘Ahead’ of Your Competitors, Buy the Report Now!

https://www.factmr.com/checkout/7153

Key Questions Covered in the Peer-to-Peer Electric Vehicle Charging Market Report

• Which are the factors driving global peer-to-peer electric vehicle charging market growth?
• What is the expected CAGR value for the global peer-to-peer electric vehicle charging market during the forecast period?
• What was the growth rate for peer-to-peer electric vehicle charging market during 2017-2021?
• Which are the leading players in the global peer-to-peer electric vehicle charging market?
• Which is the leading region in the global peer-to-peer electric vehicle charging market?

Explore Fact.MR’s Coverage on the Technology Domain

Battery Management System Market Trends – Growing demand for batteries in the UPS and other renewable energy systems is anticipated to bolster the market growth. Moreover, the implementation of constant technical innovations within the energy storage systems is projected to expand the battery management system market.

Commerce Cloud Market Scope – Growth in the e-commerce business worldwide is propelling the sales of commerce cloud solutions at a robust pace. Subsequently, the need for brands to build all-in-one commerce and buying experience across various digital sources, such as mobile, social media, web, and others is projected to increase the demand for commerce cloud.

Schottky Rectifiers Market Forecast – The global schottky rectifiers market is expected to grow due to the increasing demand from the diode industry. Additionally, rising demand for fast reverse recovery time and fast switching speed for various applications is expected to create lucrative opportunities for market players.

SiC & GaN Power Semiconductor Market Growth – Due to their widespread use in leading power modules, motor drivers, power supply, and PV inverters around the world, demand for these semiconductors is increasing. The Asia-Pacific region’s use of SiC and GaN power semiconductors has increased as the number of solar devices installed has increased over the last five years.

About Fact.MR

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have in our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & chemical and materials, our coverage is expansive, but we ensure even the most niche categories are analysed. Reach out to us with your goals, and we’ll be an able research partner.

Access MarketNgage: The On Demand, Subscription based platform from Future Market Insights

www.marketngage.com 

Now avail flexible Market Research Subscription through MarketNgage, the Market Research Subscription Platform from Future Market Insights and other iconic market research powerhouses. Go beyond just reports and access research multi-format through downloadable executive summaries, chapters, databooks, infographics, charts, interactive playbook for data visualization and full reports across all major industries, 200+ sub sectors and 1200+ niche markets, through MarketNgage.

Sign Up for a 7 day free trial!

Contact:              

Mahendra Singh
US Sales Office
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E: [email protected]

SOURCE Fact.MR

Source: https://www.prnewswire.com/news-releases/peer-to-peer-electric-vehicle-charging-market-to-register-20-cagr-amid-growing-electric-vehicle-sales-301490421.html