Product ID: SQMIG25C2056
Global Electric Mobility Networks Market Size, Share, Growth Analysis, By Charging Infrastructure(Public Charging Stations, Private Charging Stations), By Software and Services(Payment Processing, Energy Management), By End-User(Commercial, Residential) - Industry Forecast 2024-2031
Report ID:
SQMIG25C2056 |
Region:
Global |
Published Date: February, 2024
Pages:
233
|
Tables:
90 |
Figures:
76
Global Electric Mobility Networks Market Insights
Electric Mobility Networks Market size was valued at USD 279.45 billion in 2019 and is poised to grow from USD 355.46 billion in 2023 to USD 2436.06 billion by 2031, growing at a CAGR of 27.2% in the forecast period (2024-2031).
As more consumers choose to buy electric vehicles, there is a greater demand for charging infrastructure and other components of electric mobility networks. This trend is expected to continue as EVs become more affordable and more charging stations are built.
The global automotive industry is experiencing a once-in-a-century revolution. Electric vehicle economics are rapidly changing, and automotive electrification is increasing, resulting in an exponential increase in electric vehicle sales. Furthermore, the expansion of the electric vehicle required to charge service network and infrastructure development are driving the growth of the electric mobility market.
According to the International Energy Agency (IEA), global EV sales will surpass 3 million units by 2031. Government initiatives to provide subsidies and tax breaks for electric vehicle purchases contributed significantly to sales growth. Incentives offered in Europe on EV purchases in 2019, for example, have fueled EV sales in the region and increased the global e-mobility market. Furthermore, shifting consumer preferences from conventional to electric vehicle purchases due to environmental concerns and tightening emission norms globally has influenced market growth.
US Electric Mobility Networks Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Electric Mobility Networks Market Report Snapshots
Want to customize this report?
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATION
USA (+1) 351-333-4748
