Raw Material Market for Electric Vehicle Charging Stations, 2028-Segmented by Stainless Steel, Carbon Steel, Aluminum, Copper, PC Resin, PC Compound, Elastomer, Polyurethane, TPU-ResearchAndMarkets.com

2021-12-08 09:06:36 By : Mr. Gangjin Zhao

Dublin, October 12, 2021--(BUSINESS WIRE)--ResearchAndMarkets.com added "Electric Vehicle Charging Station Raw Material Market by Material Type, Application and Charging Type-Global Forecast to 2028" report.

By 2028, the electric vehicle charging station raw material market is expected to reach 4.91 billion U.S. dollars, with a compound annual growth rate of 34.1% during the forecast period of 2021-2028.

In terms of volume, the market is expected to grow at a compound annual growth rate of 45.0% from 2021 to reach 665,984.3 metric tons by 2028.

The growth of this market is mainly attributable to factors such as the government's support policies for electric vehicle charging stations, the increase in the adoption rate of electric vehicles, and the increase in initiatives by private companies to deploy electric vehicle charging infrastructure. The increasing adoption of electric vehicles in emerging economies provides important growth opportunities for market participants.

The raw material market for electric vehicle charging stations is mainly divided into metals and alloys and polymers according to the type of material. During the forecast period, in terms of value, the polymer sector is expected to grow at the highest compound annual growth rate. The main factors for the rapid growth of this sector are the polymer’s excellent heat resistance, weather resistance, strength and light weight; it can be easily molded into any shape and size; and its high aesthetic quality enables charging stations to be tailored to any requirements of network operators. Color for brand identity.

According to the application, the electric vehicle charging station raw material market is subdivided into power cords, connector guns, shells, charger plug holsters, nylon sealing sleeves/lock nuts, circuit breakers, electric energy meters and timers, internal wiring, and flexible conduits , Thermal switches, cable hangers, display stands and other applications.

It is expected that during the forecast period, the connector gun segment will grow at the highest compound annual growth rate. The rapid growth of this market segment is mainly attributable to the increasing demand for DC fast charging stations in European countries and the United States, emerging economies are increasingly adopting electric vehicles, and the governments of India, Thailand, Singapore and other countries have taken more and more initiatives. many. Southeast Asian countries are rapidly deploying electric vehicle charging infrastructure and developing an electric vehicle ecosystem to manufacture electric vehicle parts.

According to the charging type, the raw material market for electric vehicle charging stations is divided into level 1, level 2 and DC fast charging. During the forecast period, the DC fast charging segment is expected to grow at the highest compound annual growth rate.

The rapid growth of this segment is mainly attributable to the government's initiatives to increase the installation of fast charging stations, rebates for the purchase of DC fast charging stations, and increased investment by automakers in the development of DC fast charging station infrastructure to support their long-term use. A range of battery electric vehicles, and DC fast chargers provide faster charging capabilities compared to level 1 and level 2 charging stations.

The Asia-Pacific region is expected to witness the fastest growth during the forecast period.

The factor leading to the rapid growth of the region is the massive adoption of electric vehicles and related infrastructure to fulfill climate change commitments, reduce air pollution and improve energy security; increase catch-up and even promote more mature automobile manufacturing centers for economies with underdeveloped automobile manufacturing capabilities Opportunities for industry participants; countries continue to invest in the construction of strong charging infrastructure for shopping malls, public buildings and parking facilities.

The government's support policy for electric vehicle charging stations

Private companies increase their deployment of electric vehicle charging infrastructure

Potential shortage of mining capacity

Environmental impact of mining in ecologically sensitive areas

Emerging economies are increasingly adopting electric vehicles

The main players operating in the raw material market for electric vehicle charging stations are

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