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Q. WHAT IS THE MARKET SIZE OF THE GLOBAL ELECTRIC VEHICLES CHARGING STATIONS MARKET?

A. The electric vehicle charging stations market is projected to reach USD 27.7 billion by 2027 from an estimated USD 2.5 billion in 2019, at a CAGR of 34.7% during the forecast period.

Q. Who are the top players in the electric vehicles charging stations market?

A. The global electric vehicle charging stations market is dominated by major players such as Tesla (US), ABB (Switzerland), Siemens (Germany), and Bosch (Germany).

Q. What are the latest developments in this market?

A. In March 2019, Tesla unveiled V3 Supercharging, the next step in the growth of Tesla’s Supercharger network. V3, which is born from Tesla’s experience in building the world’s largest grid-connected batteries, enables vehicles to charge faster than any other electric vehicle in the market today.

Q. Europe dominates the power-to-gas market with an increasing demand for decarbonizing the energy sector operations through hydrogen generation. Countries such as Germany and Denmark are looking to effectively integrate the excess renewable energy productio

A. Europe dominates the power-to-gas market with an increasing demand for decarbonizing the energy sector operations through hydrogen generation. Countries such as Germany and Denmark are looking to effectively integrate the excess renewable energy production

Q. WHICH CHARGING LEVEL WILL DOMINATE THE MARKET BY 2027?

A. Level 1 charging is expected to dominate the market by 2027. Level 3 charging would register the maximum growth during the forecast period.aders, ITM power, entered into a partnership with INOVYN, Storengy, Cadent, and Element Energy to deploy a 100+ MW paders, ITM power, entered into a partnership with INOVYN, Storengy, Cadent, and Element Energy to deploy a 100+ MW power-to-gas project in the UK.