According to a new market intelligence report by BIS Research, titled "Global Electric Vehicle Fast Charging System Market - Analysis and Forecast, 2019-2025", The global electric vehicle fast-charging system market accounted for 133,992 fast-charging systems installed in 2019 and is expected to reach 226,857 by 2025. The market is anticipated to grow at a CAGR of 10.37 during the forecast period 2020 to 2025. Factors such as increasing number of electric vehicles in developed as well as developing regions, increasing push from government for the deployment of highway chargers as well as fast bus chargers, and technological advancement (transition from level 2 to level 3 chargers) are expected to drive the global market for electric vehicle fast charging system market during the forecast period (2019-2025).  Electric vehicles (EVs) are automobiles that run using power from non-conventional power sources, which is converted to useful operation by an electric motor, with very little or no requirement of any kind of additional fuel. The idea, conceived as early as the 19th century, has been used for mass commercialization over the last few decades. At present, electric vehicles have transformed from an experimental mode of vehicle to a necessity, with automakers worldwide putting in efforts to make EVs available in all the economic ranges.
An electric vehicle fast charging system is an integral part of the electric vehicle ecosystem and is used to charge the battery of electric vehicles fast as compared to other chargers. These chargers supply electric energy to the electric vehicle to charge the battery of electric vehicles and plug-in hybrid vehicles. Due to the growing popularity of the market, BIS Research has published a report titled, “Global Electric Vehicle Fast Charging System Market, Estimation and Forecast 2019-2025”, incorporating a comprehensive segmentation of the market into type, application, and geography.

The ongoing changes in the industry have led the study to incorporate a detailed chapter on the market dynamics including the key driving and restraining forces, along with the opportunities for the global electric vehicle fast charging system market during the forecast period. The market numbers play an important role in the industry, following which, proper market sizing and estimation by type, application, and geographical location have been undertaken for the study. The report has skillfully identified the potential for further development in the form of product launches and development and business expansions, among others. The report includes a separate section for detailed competitive landscape. The recent activities by the key players in this market have also been tracked in the form of company profiles. 

The market report provides a detailed analysis of the recent trends influencing the market, along with a comprehensive study of the future trends and developments. It also includes a competitive analysis of the leading players in the industry, including corporate overview, product overview, and functional areas in the EVSE ecosystem. The overall market has been segmented by charger type and application. The report also includes a comprehensive section on the geographical analysis which has been sub-segmented into four major regions, namely, North America, Europe, Asia-Pacific and Rest-of-the-World (RoW).

This report is a meticulous compilation of research on approximately 150 players operating in the electric vehicle and EV charger ecosystem. Additionally, this report provides the market size of electric vehicle fast charging system under three scenarios, namely pessimistic, realistic, and optimistic. Moreover, it draws upon insights from in-depth interviews of key opinion leaders of more than 25 leading companies, market participants, and vendors. The report also profiles around 16 companies, namely ABB, Advanced Vehicle Manufacturing, Inc, Blink Charging Co, ChargePoint, Inc, Delta Electronics, Inc, EVBox, Elemec Inc, GARO, Hong Kong EV Power Limited, POD Point, Proterra Inc, Schneider Electric, Services FLO Inc, Shenzhen SORO Electronics Co., Ltd, Siemens, and Valent Power, which are key contributors in the market.

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Key questions answered in the report

What is electric vehicle charging system?
What are the major technological trends which are expected to affect the market ecosystem?
What are the major business models followed by the EV fast charging network providers?
Which global factors are expected to impact the electric vehicle fast charging system market?
What are the key market strategies adopted by the electric vehicle fast charging system players?
How wide is the electric vehicle fast charging system market in terms of revenue, and what is the compound annual growth rate “CAGR” (2019-2029)?
What is the revenue generated by different types of fast charger used for charging electric light duty vehicles and electric buses?
What is the revenue generated by different applications of fast charging system, namely public charging and private charging?
What is the revenue breakdown in different regions, namely North America, Europe, Asia-Pacific, and Rest-of-the-World (RoW)?
Which are the key companies operating in the electric vehicle fast charging system market?

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BIS Research is a global B2B market intelligence and advisory firm focusing on those emerging technological trends which are likely to disrupt the dynamics of the market.

With over 150 market research reports published annually, BIS Research focuses on high technology verticals such as 3D Printing, Advanced Materials and Chemicals, Aerospace and Defense, Automotive, Healthcare, Electronics and Semiconductors, Robotics and UAV, and other emerging technologies.