Rising penetration of electric vehicles to drive the growth of the global production software market.
According to TechSci Research report on, “Electrified Road for Electric Vehicle Charging Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2027”, the global electrified road for electric vehicle charging market is anticipated to witness robust CAGR over the forecast period 2023-2027. The market growth can be attributed to the increasing penetration of electric vehicles and lack of electric vehicle charging infrastructure across the world. Besides, growing technological innovations in the electrified roads and enhanced focus of governments for boosting electrification in the country are some of the factors fueling the growth of the electrified road for electric vehicle charging market. Electric roads supply vehicles with electricity to power them and charge them while they are in motion. With electric roads, electric trucks and buses would not require to be charged frequently since the electrification ensures heavy long-distance road freight. Some other advantages of electrified roads are reduced dependence on fossil fuels, lower greenhouse gas emissions, air pollution, noise in urban areas, and enhanced energy efficiency. In Sweden and Norway, researchers, businesses, and public sectors are collaborating for implementation strategies, operations, and maintenance standards for greater acceptance of electric roads. Installing electric road technology on all European and National roads in Sweden could reduce carbon emissions from heavy traffic by approx. 60%, which would lead to cleaner air and reduced noise pollution. Large-scale deployment of electric roads could also lead to significant gains in terms of cost of energy used in the transport sector. Hence, rising investments by government and private players to develop electrified roads across the globe are anticipated to propel the growth of electrified road for electric vehicle charging market in the coming years.
Browse over XX market data Figures spread through 110 Pages and an in-depth TOC on "Global Electrified Road for Electric Vehicle Charging Market"
“Ever since the introduction of groundbreaking in-road wireless charging technology, several companies are working towards implementing it in a real-setting. Several pilot projects for electrified roads are currently underway across different parts of North America and Europe. Many research institutes are also finding solutions to make electrified roads as sustainable and efficient as possible and move the electrification revolution to mass implementation. The The Sweden government is planning to use the Electreon technology to electrify more than 3 thousand miles of high-speed highways at the cost of USD3 billion. Even the Israeli government is planning to invest USD3.3 million in electrified roads by gradually expanding deployment of the coils to specified land around the city of Tel Aviv. Hence, increasing investments by the government to electrify roads for facilitating electric vehicle charging are expected to fuel the market growth in the coming years.” said Mr. Karan Chechi, Research Director, TechSci Research, a research based global management consulting firm.
A list of major market players of the electrified road for electric vehicle charging market includes:
- Siemens AG
- Scania AB
- Sytner Group Limited
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“Electrified Road for Electric Vehicle Charging Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027” has evaluated the future growth potential of global electrified road for electric vehicle charging market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global electrified road for electric vehicle charging market.
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