Global Solar Charging Station Market Size study & Forecast, by Type (Medium and Small Charging Station, Large Charging Station) by Component (EV charger, Solar panel array, Battery energy storage system, Others), by Application (Household, Commercial), by

Global Solar Charging Station Market Size study & Forecast, by Type (Medium and Small Charging Station, Large Charging Station) by Component (EV charger, Solar panel array, Battery energy storage system, Others), by Application (Household, Commercial), by Station Type (On grid solar charging station, Off grid solar charging station), and Regional Analysis, 2022-2029

Global Solar Charging Station Market is valued at approximately USD 550 million in 2021 and is anticipated to grow with a healthy growth rate of more than 18.5% over the forecast period 2022-2029. Solar charging stations are specially designed to convert clean solar energy to electricity. Solar panels constructed of photovoltaic (PV) cell modules are used in solar charging stations to generate electricity from sunlight. The increasing government initiatives and subsidies to encourage the use of solar energy, coupled with the growing R&D investment are attributing to the market growth.

The surge in the adoption of electric vehicles is acting as a prominent factor that is stipulating the market demand globally. Electric vehicles are more environmentally friendly accordingly in order to control carbon emissions. According to according to Statista, the total production of hybrid electric vehicle vehicles worldwide is recorded as 2.9 million vehicles in 2020. Also, the number is projected to grow and reached to 5.4 million vehicles by the year 2025. Thus, these aforementioned factors are bolstering the market expansion. Furthermore, the rise in the installation of solar energy for electricity, as well as increasing initiatives by the key market players is are presenting various opportunities for the growth prospects for the market growth over the forecasting period. However, the lack of charging infrastructure and lack of standardization stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Solar Charging Station Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America dominated the market in terms of revenue, owing to the presence of leading market players and the rise in use of the renewable energy resources. Whereas, the Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as the increasing number of government initiatives, as well as the rising adoption of electric vehicles in the regional market.

Major market players included in this report are:
VCT Group
SunPower Corporation
Solarstone
INHABIT Solar
Giulio Barbieri SRL
Sunworx Solar
Sundial Solar Solutions Ltd.
PROINSO
MDT SUN PROTECTION SYSTEM AG
Solarsense UK Limited

Recent Developments in the Market:
 In October 2021, ATUM Charge unveiled the introduction of 10 Universal EV Charging Station Stations in India. The EV Charging Stations were launched in specially especially Tier 1 and Tier 2 towns and cities and the encouraging rate of adoption of EVs in these states.

Global Solar Charging Station Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Type, Component, Application, Station Type, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Medium and Small Charging Station
Large Charging Station
By Component:
EV charger
Solar panel array
Battery energy storage system
Others
By Application:
Household
Commercial
By Station Type:
On grid solar charging station
Off grid solar charging station
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World

Companies Mentioned
VCT Group
SunPower Corporation
Solarstone
INHABIT Solar
Giulio Barbieri SRL
Sunworx Solar
Sundial Solar Solutions Ltd.
PROINSO
MDT SUN PROTECTION SYSTEM AG
Solarsense UK Limited

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