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Moreover, China's Belt and Road Initiative (BRI) continues to be a significant driver of economic development in 2024. By investing in infrastructure projects and economic partnerships across Asia, Africa, and Europe, China is not only expanding its global influence but also creating new avenues for trade, investment, and economic cooperation. The BRI serves as a catalyst for economic growth, promoting connectivity and interdependence among participating countries and regions.
DAYTONA BEACH, Fla. (AP) — RJ Felton had 21 points in East Carolina's 71-64 victory over Stetson on Friday. Felton also added eight rebounds for the Pirates (5-1). Joran Riley scored 14 points while going 4 of 11 and 5 of 6 from the free-throw line and added five rebounds. Cam Hayes shot 3 for 7 (2 for 4 from 3-point range) and 5 of 6 from the free-throw line to finish with 13 points. The Hatters (1-5) were led in scoring by Mehki, who finished with 15 points and two steals. Abramo Canka added 14 points for Stetson. Jordan Wood had 12 points. East Carolina led Stetson at the half, 39-33, with Hayes (10 points) its high scorer before the break. East Carolina took the lead for good with 6:56 left in the second half on a free throw from Felton to make it a 60-59 game. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .None
Moreover, the government may also explore collaborations with industry stakeholders and financial institutions to facilitate easier access to credit and financing options for consumers. By providing additional support and resources, policymakers aim to empower individuals to make more informed purchasing decisions and drive economic activity at a grassroots level.NEW YORK , Dec. 5, 2024 /PRNewswire/ -- Report on how AI is driving market transformation - The global electric vehicle supply equipment (EVSE) market size is estimated to grow by USD 92.31 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 30.8% during the forecast period. Favorable government policies and subsidies is driving market growth, with a trend towards deployment of smart grids for EVS. However, lack of standardization of ev charging poses a challenge. Key market players include ABB Ltd., Alfen NV, Blink Charging Co., BP Plc, ChargePoint Holdings Inc., Chroma ATE Inc., Comeca Group, Delta Electronics Inc., Eaton Corp. Plc, Efacec Power Solutions SGPS SA, Enphase Energy Inc., E.ON SE, Leviton Manufacturing Co. Inc., LS Power Development LLC, Phihong USA Corp., Schneider Electric SE, Shell plc, Siemens AG, Webasto SE, and ZF Friedrichshafen AG. Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF Electric Vehicle Supply Equipment (Evse) Market Scope Report Coverage Details Base year 2023 Historic period 2018 - 2022 Forecast period 2024-2028 Growth momentum & CAGR Accelerate at a CAGR of 30.8% Market growth 2024-2028 USD 92309 million Market structure Fragmented YoY growth 2022-2023 (%) 29.01 Regional analysis APAC, North America, Europe, South America, and Middle East and Africa Performing market contribution APAC at 46% Key countries China, US, France, Germany, and The Netherlands Key companies profiled ABB Ltd., Alfen NV, Blink Charging Co., BP Plc, ChargePoint Holdings Inc., Chroma ATE Inc., Comeca Group, Delta Electronics Inc., Eaton Corp. Plc, Efacec Power Solutions SGPS SA, Enphase Energy Inc., E.ON SE, Leviton Manufacturing Co. Inc., LS Power Development LLC, Phihong USA Corp., Schneider Electric SE, Shell plc, Siemens AG, Webasto SE, and ZF Friedrichshafen AG Market Driver The Electric Vehicle Supply Equipment (EVSE) market is experiencing significant growth as the shift towards electric vehicles (EVs) continues. Charging stations and docks are essential for EVs, requiring electrical conductors and related equipment to transfer electric power to the vehicle's batteries. EVSE systems adhere to various communications protocols, such as DC Fast Chargers, and are used by major stakeholders like auto manufacturers, electric utilities, commercial fleets, public transit, retail establishments, seaports, airports, bus depots, hotels, parks, highways, corporate offices, homes, and more. NEMA Members are involved in the development of codes, rating systems, and standards for EVSE infrastructure. Contractors and installers require training programs to ensure proper installation. Incentives like tax benefits and subsidies encourage EV adoption. IEA reports show electric car sales increasing, with passenger car sales from automobile manufacturers being impacted by the shutdown of operations due to liquidity issues and carbon emission concerns. Smart cities aim to reduce reliance on non-renewable sources like crude oil and CO2 emission, leading to the growth of the EVSE market. Charging station finance, types like normal charging, supercharging, and inductive charging, and installation types like fixed chargers and portable chargers, are key areas of focus. The novel coronavirus pandemic has affected import-export and the workforce, leading to a supply-demand gap. Future estimations indicate investment pockets in EVSE market, especially in charging infrastructure development. The Electric Vehicle Supply Equipment (EVSE) market is witnessing significant growth due to the increasing adoption of electric vehicles (EVs) and the deployment of advanced charging infrastructure, specifically smart grids. Smart grids enable real-time communication between EV charging stations and the power grid, providing crucial information on load requirements and power quality. This data supports the integration of variable generation technologies and serves as a foundation for Vehicle-to-Grid (V2G) infrastructure, which includes grid applications like smart energy meters, SCADA systems, IT, and communication networks. The implementation of smart grids is expanding rapidly in countries such as China , the US, India , Spain , Germany , and France . For instance, in August 2021 , Singapore Power initiated a V2G pilot project to explore the potential of EVs as small energy storage systems, addressing renewable energy's intermittency. Request Sample of our comprehensive report now to stay ahead in the AI-driven market evolution! Market Challenges The Electric Vehicle Supply Equipment (EVSE) market is witnessing significant growth due to the increasing adoption of electric vehicles (EVs). Challenges in this market include the need for advanced charging stations and docks, reliable electrical conductors, and related equipment. Communication protocols, such as DC Fast Charger and NEMA Members, are essential for seamless integration with EVSE infrastructure. Major stakeholders include auto manufacturers, electric utilities, and charging station installers. Training programs for contractors and installers are crucial to ensure proper installation and maintenance of EVSE systems. Codes, rating systems, and standards play a vital role in ensuring safety and interoperability. Major players in the market include Andrei Moldoveanu and Resources. Commercial fleets, public transit, retail establishments, seaports, airports, bus depots, hotels, parks, highways, corporate offices, and homes are potential customers for EVSE. Batteries, incentives, tax benefits, and subsidies are key factors driving EV sales. The IEA estimates electric car sales to surpass passenger car sales by 2035. However, challenges include the shutdown of operations due to the novel coronavirus, supply-demand gap, and the shift from non-renewable sources like crude oil and fossil fuel. Charging station finance, charging station type (normal charging, supercharging, and inductive charging), installation type (fixed charger and portable charger), and the impact of import-export, workforce, factories, testing of systems, and the supply-demand gap are other critical factors. The future of the EVSE market lies in investment pockets, smart cities, and the transition away from carbon emission, ICE vehicles, and road tax, purchase tax, and registration fees. The Electric Vehicle Supply Equipment (EVSE) market faces a significant challenge due to the lack of standardization in EV charging infrastructure. Vendors are actively expanding charging networks, but the absence of universal EV charger and installation standards in public places is a concern. Each region or market has distinct charging standards, such as CHAdeMO in Japan , CCS in Europe , the US, and South Korea , and GB/T 20234 in China , which is similar to the IEC 62196 standard in Germany . Standardization is crucial to streamline the EV charging experience and ensure compatibility among various EV models and charging networks. Discover how AI is revolutionizing market trends- Get your access now! Segment Overview This electric vehicle supply equipment (evse) market report extensively covers market segmentation by Type 1.1 Level 2 1.2 Level 1 1.3 Level 3 Application 2.1 Residential 2.2 Commercial Geography 3.1 APAC 3.2 North America 3.3 Europe 3.4 South America 3.5 Middle East and Africa 1.1 Level 2- Level 2 charging refers to the electric vehicle supply equipment that delivers power at a higher voltage (240 volts, AC) and amperage than a standard household power outlet. This infrastructure caters to both residential and commercial applications, providing a convenient and reliable charging solution for electric vehicle owners. Level 2 charging stations are commonly found in parking garages, workplaces, public locations like shopping centers, universities, and hotels. These charging stations offer faster and more efficient charging, enabling EV owners to charge their vehicles while they park, work, or engage in daily activities. Companies and parking garage operators recognize the growing demand for EV charging and are installing level 2 charging stations to accommodate their customers and employees. Homeowners can also install level 2 charging stations in their garages or driveways for a convenient and fast charging solution. The increasing popularity of level 2 charging infrastructure is expected to fuel the growth of the level 2 segment in the global electric vehicle supply equipment market. Download a Sample of our comprehensive report today to discover how AI-driven innovations are reshaping competitive dynamics Research Analysis The Electric Vehicle Supply Equipment (EVSE) market refers to the infrastructure required to charge electric vehicles (EVs), including charging stations, charging docks, and related equipment. These systems facilitate the transfer of electric power from the grid to the vehicle's batteries. EVSE systems consist of electrical conductors and other necessary components. EVSE is essential for various sectors such as Bus depots, Hotels, Parks, Highways, Corporate offices, Homes, and more. Batteries are an integral part of the EV ecosystem, and EVSE plays a crucial role in their charging. Governments and organizations offer incentives like tax benefits to promote the adoption of EVs and EVSE. EVSE includes different charging technologies like Supercharging, Inductive charging, Fixed chargers, and Portable chargers. The EVSE market has been impacted by the Novel Coronavirus pandemic, with import-export and non-essential items facing disruptions. The workforce involved in EVSE manufacturing and installation has also been affected. Market Research Overview The Electric Vehicle Supply Equipment (EVSE) market refers to the infrastructure required to charge electric vehicles (EVs), including charging stations, charging docks, and related equipment. EVSE systems utilize electrical conductors and communications protocols to transfer electric power from the grid to the vehicle's batteries. DC Fast Chargers are a popular type of EVSE, providing quick charging solutions for long-distance travel. NEMA Members and major stakeholders, such as auto manufacturers, electric utilities, commercial fleets, public transit, retail establishments, seaports, airports, bus depots, hotels, parks, highways, corporate offices, homes, and batteries, are major players in the EVSE infrastructure development. Incentives like tax benefits, subsidies, and codes and rating systems are crucial for the growth of the EVSE market. EVSE standards and training programs for contractors and installers ensure safe and efficient installation and maintenance. Major challenges include the supply-demand gap, liquidity issues, and the shift from ICE vehicles to EVs. The COVID-19 pandemic has impacted the EVSE market, affecting import-export and non-essential items. The future of the EVSE market depends on the continued growth of electric car sales, the transition away from non-renewable sources like crude oil, and the development of smart cities. Table of Contents: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation Type Level 2 Level 1 Level 3 Application Residential Commercial Geography APAC North America Europe South America Middle East And Africa 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.com Website: www.technavio.com/ View original content to download multimedia: https://www.prnewswire.com/news-releases/electric-vehicle-supply-equipment-evse-market-to-grow-by-usd-92-31-billion-from-2024-2028--driven-by-favorable-government-policies-and-ai-powered-market-evolution---technavio-302322433.html SOURCE Technavio © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.