United Kingdom Electric Vehicle Charging Infrastructure Market Size & Forecast 2027

Rising awareness regarding environment supports the growth of the United Kingdom Electric Vehicle Charging Infrastructure Market, 2027F.

According to TechSci report on, “United Kingdom Electric Vehicle Charging Infrastructure Market - By Region, Competition Forecast & Opportunities, 2027”. United Kingdom electric vehicle charging infrastructure market may flourish with an impressive CAGR during the forecast period of 2023-2027, on the backbone of growing investments in the construction of electric vehicle charging infrastructure. Rising sales & thus the production of the electric vehicle is actively driving the growth of the United Kingdom electric vehicle charging infrastructure market in the upcoming five years. Rapidly increasing pollution and exhausts of the automotives has effectively shifted the preferences toward electric vehicles. Demands for the green fuel, decreasing the environment harming gases, further supports the growth of the United Kingdom electric vehicle charging infrastructure market in the next five years. Consistent research and technological advancement in the electric vehicles are also responsible for the effective growth of the Untied Kingdom electric vehicle charging infrastructure market in the future five years.

Increasing financial support from the government and privatization of the construction of the electric vehicle charging infrastructure is also substantiating the growth of the United Kingdom electric vehicle charging infrastructure market in the forecast years through 2027F. Growing number of the market players investing in the construction, as well as the development of the infrastructure with localized approach to provide efficient charging for the electric vehicle also facilitate the growth of the United Kingdom electric vehicle charging infrastructure market in the forecast period.

Browse over XX market data Figures spread through 70 Pages and an in-depth TOC on "United Kingdom Electric vehicle charging infrastructure Market"

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Electric Vehicle Sales Drive Market Growth

Rapidly increasing sales of the 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 cars 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 the electric vehicles is further expected to increase due to the consumer’s inclination toward affordable fuel and green fuel for the vehicles.

While the demands for the hybrid vehicles have also increased that provide better shift in the consumer preferences toward electric vehicles. There were over 775,000 hybrid vehicles as of April 2022. Further increase is anticipated due to rising awareness among the population regarding harmful effects of the carbon burning fuels and its exhaustion that would affect the environment and energy consumptions in the future years. Surge in the demand for the electric vehicles have generated considerable growth in the United Kingdom electric vehicle charging infrastructure market in the next five years.

The United Kingdom electric vehicle charging infrastructure market is segmented by vehicle type, type, charging mode, installed location, connector type, type of charging, competitional landscape, and regional distribution. Based on vehicle type, the market is further segmented into two- wheeler, passenger car, and commercial vehicle. Passenger cars are anticipated to hold the largest revenue shares of the market and dominate the market segment in the upcoming five years on the grounds of shift in preference of consumers to buy electric vehicles instead of investing in the purchase of traditional vehicles. People buy electric vehicles due to their cost-effectiveness, low maintenance, and environment-friendly nature thereby substantiating the growth of the United Kingdom electric vehicle charging infrastructure market in the next five years.

By type, the market is differentiated between AC and DC. DC charging type is expected to lead the market segment and register largest revenue shares in the account of its advantages over the AC charging. DC charging provides faster charging as compared to AC charging type and is thus more efficient mode, thus driving the growth of the United Kingdom electric vehicle charging infrastructure market in the future five years.

Based on charging mode, the market is differentiated into plug-in and wireless. Based on installed location, the market is divided between commercial and residential. By connector type, the market is fragmented into Type 1, Type 2, UK 3-Pin, CHAdeMO, CCS, and others. Based on type of charging the market is bifurcated between slow and fast charging. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among London, East Anglia, Southwest, Southeast, Scotland, East Midlands, and Yorkshire & Humberside.

A partial list of major market players of the United Kingdom electric vehicle charging infrastructure market includes :

  • Chargemaster Limited (BP Pulse)
  • SWARCO UK (ChargePlace Scotland)
  • ChargeYourCar Ltd ·
  • Fastned
  • Geniepoint
  • Gridserve
  • Tesla Inc.
  • Pod Point
  • ABB Ltd.
  • Instavolt

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Market Segmentation

The United Kingdom electric vehicle charging infrastructure market is segmented by vehicle type, type, charging mode, installed location, connector type, type of charging, competitional landscape, and regional distribution. Based on vehicle type, the market is further segmented into two- wheeler, passenger car, and commercial vehicle. By type, the market is differentiated between AC and DC. Based on charging mode, the market is differentiated into plug-in and wireless. Based on installed location, the market is divided between commercial and residential. By connector type, the market is fragmented into Type 1, Type 2, UK 3-Pin, CHAdeMO, CCS, and others. Based on type of charging the market is bifurcated between slow and fast charging. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among London, East Anglia, Southwest, Southeast, Scotland, East Midlands, and Yorkshire & Humberside.

“United Kingdom has an established market for the electric vehicle and thus the development of electric vehicle charging infrastructure is facilitated due to it. Demands for the electric vehicles, comfortable travelling, coupled with demands for the green fuel working automotives influence the growth of the United Kingdom electric vehicle charging infrastructure market in the future five years. Rising investments in the construction projects, concern for the environmental degradation, and surging demand for the easier charging of the electric vehicle is also actively influencing the growth of the United Kingdom electric vehicle charging infrastructure market in the next five years. New market players may focus on the research and development along with product development with advanced technologies to support their brand establishment in the market players,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

United Kingdom Electric Vehicle Charging Infrastructure Market By Vehicle Type (Two- Wheeler, Passenger Car, Commercial Vehicle), By Type (AC, DC), By Charging Mode (Plug-in, Wireless), By Installed Location (Commercial, Residential), By Connector Type (Type 1, Type 2, UK 3-Pin, CHAdeMO, CCS, Others), By Type of Charging (Slow, Fast), By Region, Competition Forecast & Opportunities, 2027 has evaluated the future growth potential of United Kingdom electric vehicle charging infrastructure 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 United Kingdom electric vehicle charging infrastructure market.

 

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