Dublin, Nov. 18, 2024 (GLOBE NEWSWIRE) -- The "Peer-to-Peer Electric Vehicle Charging - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Peer-To-Peer Electric Vehicle Charging was estimated at US$244.2 Million in 2023 and is projected to reach US$804.3 Million by 2030, growing at a CAGR of 18.6% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth of the peer-to-peer EV charging market is driven by several key factors, including the rise in electric vehicle ownership, advancements in technology, and the increasing need for accessible and decentralized charging infrastructure. One of the primary drivers is the growing adoption of electric vehicles worldwide, driven by government incentives, stricter emissions regulations, and consumer interest in sustainable transportation. As more people purchase EVs, the demand for flexible and accessible charging solutions has increased, particularly in areas where public charging infrastructure is limited.
Another important driver is technological innovation. The development of smart charging solutions, blockchain-based payment systems, and user-friendly mobile applications has made it easier for hosts and users to participate in P2P charging networks. These technologies provide transparency, security, and convenience, making the process of finding, booking, and paying for a charging session more seamless. Additionally, the integration of dynamic pricing models allows hosts to adjust prices based on demand, energy costs, and time of day, which incentivizes more participation in the P2P market.
Urbanization and the shift towards sustainable living are also playing a significant role in the expansion of the P2P EV charging market. As cities become more congested and environmental concerns rise, urban residents are increasingly opting for electric vehicles. However, many of these consumers do not have access to private garages or dedicated charging stations, leading them to seek out shared charging options in their neighborhoods. The peer-to-peer model allows for the utilization of existing infrastructure in residential areas, offices, and public spaces, providing a more distributed and accessible charging network.
Lastly, government policies promoting clean energy and the development of electric vehicle infrastructure have contributed to the growth of the P2P EV charging market. Many governments are offering incentives for the installation of EV chargers in homes and businesses, as well as encouraging the use of renewable energy sources for charging. These initiatives not only support the growth of the EV market but also create opportunities for P2P charging networks to thrive. The combination of rising EV adoption, technological advancements, and supportive policies ensures that the peer-to-peer EV charging market will continue to grow in the coming years.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 89 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $244.2 Million |
| Forecasted Market Value (USD) by 2030 | $804.3 Million |
| Compound Annual Growth Rate | 18.6% |
| Regions Covered | Global |
Key Topics Covered:
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Global Economic Update
- Peer-To-Peer Electric Vehicle Charging - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
MARKET TRENDS & DRIVERS
- Growing Electric Vehicle (EV) Adoption Spurs Demand for Peer-to-Peer Charging Solutions
- Advancements in Battery Technology Strengthens Business Case for Peer-to-Peer Charging Networks
- Rise of Decentralized Energy Grids Expands Addressable Market Opportunity for P2P Charging
- Increasing Urbanization and Smart City Initiatives Propel Growth of Peer-to-Peer EV Charging Infrastructure
- Widespread Availability of Charging Points Throws the Spotlight on Convenience for EV Owners
- Growth in Renewable Energy Integration Accelerates Demand for Green Peer-to-Peer Charging Solutions
- Regulatory Support for EV Infrastructure Drives Adoption of Peer-to-Peer Charging Platforms
- Consumer Demand for Cost-Effective Charging Solutions Spurs Growth in P2P EV Charging Models
- Blockchain Technology and Secure Payment Systems Propel Growth in Peer-to-Peer Charging Market
- Growing Environmental Awareness Expands Opportunities for Sustainable P2P Charging Networks
- The Sharing Economy Concept Strengthens Business Case for Collaborative EV Charging Models
- Technological Innovations in Mobile Apps and Connectivity Drives Adoption of P2P Charging Services
- High Charging Infrastructure Costs Propel Growth in Peer-to-Peer Models as Cost-Efficient Alternatives
FOCUS ON SELECT PLAYERS:Some of the 34 companies featured in this Global Peer-To-Peer Electric Vehicle Charging market report include
- AeroVironment, Inc.
- ChargePoint, Inc.
- ClipperCreek, Inc.
- Enel X
- EV Meter
- EVBox
- Greenlots
- Innogy
- IONITY
- Power Hero
For more information about this report visit https://www.researchandmarkets.com/r/typcdp
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