Dublin, April 05, 2023 (GLOBE NEWSWIRE) -- The "United Kingdom Electric Vehicle Charging Infrastructure Market By Vehicle Type, By Type, By Charging Mode, By Installed Location, By Connector Type, By Type of Charging, By Region, Competition Forecast & Opportunities, 2027" report has been added to ResearchAndMarkets.com's offering.
United Kingdom electric vehicle charging infrastructure market is anticipated to register growth with an impressive CAGR in the forecast period, 2023-2027.
Market value of the United Kingdom electric vehicle charging infrastructure market in the year 2021 was USD400.61 million, where further growth is anticipated in the forecast years.
The market growth can be attributed to the higher demand for electric vehicles in the country. Due to rising concerns related to the degrading environment, consumers are highly inclined toward choosing electric vehicles and thus driving the demands for the charging infrastructure.
With a surge in demand for efficient charging, the demand for the electric vehicle charging infrastructure is further increasing; the factor, coupled with increased investment in the sector by the government, is expected to further support the growth of the United Kingdom electric vehicle charging infrastructure market in the next five years.
Electric Vehicle Sales Drive Market Growth
Rapidly increasing sales of electric vehicle is the major factor responsible for the growth of the United Kingdom electric vehicle charging infrastructure market in the upcoming five years. Electric vehicle car sales have increased by 76.3% in the year 2021.
More than 450,000 electric cars are currently running in the country. The demand for electric vehicles is further expected to increase due to the consumer's inclination toward affordable fuel and green fuel for vehicles.
While the demand for hybrid vehicles has also increased, which provides a better shift in consumer preferences toward electric vehicles, there were over 775,000 hybrid vehicles as of April 2022. A further increase is anticipated due to rising awareness among the population regarding the harmful effects of carbon-burning fuels and their exhaustion that would affect the environment and energy consumption in the future years.
A surge in demand for electric vehicles has generated considerable growth in the United Kingdom electric vehicle charging infrastructure market in the next five years.
Competitive Landscape
Detailed analysis of the major companies present in United Kingdom electric vehicle charging infrastructure market.
- Chargemaster Limited (BP Pulse)
- SWARCO UK (ChargePlace Scotland)
- ChargeYourCar Ltd
- Fastned
- Geniepoint
- Gridserve
- Tesla Inc.
- Pod Point
- ABB Ltd.
- Instavolt
Report Scope:
United Kingdom Electric Vehicle Charging Infrastructure Market, By Vehicle Type:
- Two- Wheeler
- Passenger Car
- Commercial Vehicle
United Kingdom Electric Vehicle Charging Infrastructure Market, By Type:
- AC
- DC
United Kingdom Electric Vehicle Charging Infrastructure Market, By Charging Mode:
- Plug-in
- Wireless
United Kingdom Electric Vehicle Charging Infrastructure Market, By Installed Location:
- Commercial
- Residential
United Kingdom Electric Vehicle Charging Infrastructure Market, By Connector Type:
- Type 1
- Type 2
- UK 3-Pin
- CHAdeMO
- CCS
- Others
United Kingdom Electric Vehicle Charging Infrastructure Market, By Type of Charging:
- Slow
- Fast
United Kingdom Electric Vehicle Charging Infrastructure Market, By Region:
- London
- East Anglia
- Southwest
- Southeast
- Scotland
- East Midlands
- Yorkshire & Humberside
For more information about this report visit https://www.researchandmarkets.com/r/6pqydx
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