Payments for Electric Vehicle Charging Stations Market
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| Base Year: | 2020 | Forecast Period: | 2021-2028 |
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The key participating players of the global payments for electric vehicle charging stations market include Apple Inc, Samsung, Google Inc., among others. |
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| Market Size: | US$ xxxx Mn | CAGR (2021 -2028): | xx% |
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Payments for Electric Vehicle Charging Stations Market Overview
The report is titled ‘Payments for Electric Vehicle Charging Stations Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the payments for electric vehicle charging stations market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. The payments for electric vehicle charging stations market is expected to grow at a significant rate in the near future.
The global payments for electric vehicle charging stations market is estimated to reach at a value of US$ xx Mn by the end of 2021 and expected to reach at a value of US$ xx Mn by 2028 with a significant CAGR of xx%
Payments for Electric Vehicle Charging Stations Introduction
The electric vehicle sector has developed at an expedited rate in the recent few years, along with beyond 1 million electric cars sold in the year 2017 solely – putting forward the worldwide absolute to over 3 million EVs. This is all prepped to speed up even further. Considering the fact that the countries have turned more cognizant of the environmental influence of fossil fuel engines, authorities have been developing incentives and benefits for EV holders. Such a significant shift from conventional to electric vehicles poses a demand for a group of standardized infrastructure and techniques to be established and incorporated with a view to oblige the transformation from conventional to electric vehicles.
The technology needed to execute an open payment infrastructure for electric vehicle charging is already established. Open payment technology can be powered effectively employing the ISO 151181 Vehicle-to-Grid communication standard. Open payments technology provides safe, inter-operating, and suitable solutions. The universal execution of mobile device payment, chip card technology, and tokenization composes a cornerstone on which to line up user-friendly, safe open payments technology into tomorrow’s EVs.
Payments for Electric Vehicle Charging Stations Market Dynamics
In today’s contemporary world, the electric vehicle sector has emerged as one of the most appealing and cutting-edge approaches, which compelled millions of people around the world to shift their preference towards electric vehicles. In support of that, notably, the sales of electric vehicles (EV) have soared up, with rise in all three top automotive markets: the US, China, and Europe. The electric vehicle sales surged by 160% in the initial half of the year 2021 from a former year, to 2.6 million units, reflecting 26% of fresh sales in the worldwide automotive market. Infact, over 1 million electric cars have been sold in the year 2017 only, making it complete to over 3 million EVs. Attributing to such rapid sales and massive traction, there is an emerging need for an appropriate EV charging payment infrastructure and convenient technologies that will facilitate accessible, secure payments.
In the current times, open payments technology provides safe, inter-operating, and suitable solutions. The global execution of mobile device payment, chip card technology, and tokenization composes a cornerstone on which to line up user-friendly, safe open payments technology into tomorrow’s EVs. Therefore, the payments for electric vehicle charging stations market is projected to rise significantly in the following years.
Numerous countries all around the world are inclining towards electric vehicles as they get more mindful towards environment safety, which is further estimated to contribute positively in the market growth in the near future. However, there is still a lack of an appropriate infrastructure and solutions as it is all the same early days for the electric vehicles industry, which resultantly open up a world of questions for end-consumers who are considering to adopt electric vehicles.
One major challenge EV drivers at present observe is a contradictory experience at the charging station. Attributing to the evolving nature of the ecosystem, drivers time and again are not aware of what to expect. Such factors are likely to restrain the market growth over the forecast period.
Payments for Electric Vehicle Charging Stations Market Segmentation
The global payments for electric vehicle charging stations market is segmented on the basis of payment type, end user, and by region.
By Payment Type
Cashless
Bank Cards
Credit
Debit
Smartphone Wallet
Apple Pay
Android Pay
Samsung Pay
eCommerce
Website Payments
QR Code Payments
Contactless (NFC)
By End User
Commercial
On Road
Public Parking
Other Commercial Sites
Non-Commercial
Non-Residential
Residential
By Region
North America
Latin America
Europe
Asia Pacific
Middle East
Africa
Payments for Electric Vehicle Charging Stations Market Key Players
The key participating players of the global payments for electric vehicle charging stations market include Apple Inc, Samsung, Google Inc., among others.
Reports & Insights Overview on Payments for Electric Vehicle Charging Stations Market Report
The non-identical approach of Reports and Insights stands with conceptual methods backed up with the data analysis. The novel market understanding approach makes up the standard of the assessment results that give a better opportunity for the customers to put their effort.
A research report on the Payments for Electric Vehicle Charging Stations market by Reports and Insights is an in-depth and extensive study of the market based on the necessary data crunching and statistical analysis. It provides a brief view of the dynamics flowing through the market, which includes the factors that support the market and the factors that are acting as impedance for the growth of the market.
Furthermore, the report includes the various trends and opportunities in the respective market in different regions for a better understanding of readers that helps to analyze the potential of the market.
Factors that are benchmarked while estimating the market
Various factors that are benchmarked while estimating the market growth includes (but not restricted to):
New product designs and launches
Current product compliance
Reimbursement
Concerns for use of Payments for Electric Vehicle Charging Stations
Advantages of Payments for Electric Vehicle Charging Stations
Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to make informed decisions.
A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment where one/two manufacturer(s) dominates the market, it’s product sales, previous growth rates and market expansion plans are considered to generate market share in the global market.
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1. Global Payments for EV Charging Stations Market Report Overview
1.1. Introduction
1.2. Report Description
1.3. Methodology
2. Global Payments for EV Charging Stations Market Overview
2.1. Introduction
2.1.1. Introduction
2.1.2. Market Taxonomy
2.2. Executive Summary
2.3. Global Payments for EV Charging Stations Market Snapshot
2.4. Global Payments for EV Charging Stations Market Size And Forecast, 2020–2028
2.4.1. Introduction
2.4.2. Market Value Forecast And Annual Growth Rate (AGR) Comparison (2020–2028)
2.5. Global Payments for EV Charging Stations Market Dynamics
2.5.1. Drivers
2.5.2. Restraints
2.5.3. Opportunity
2.5.4. Trends
2.6. Porter’s Five Forces Model
2.7. SWOT Analysis
2.8. Challenges to EV Charging Payments
2.9. Factors Affecting Infrastructure Growth
2.10. ISO 15118 Fundamentals
3. Payments for EV Charging Stations Assessment and Analysis
3.1. Payments for EV Charging Stations Impact Analysis
3.2. EMV Payment Technology
3.3. Frameworks for Secure Open Payments for EV Charging
3.4. Potential Analysis
4. Global Payments for EV Charging Stations Market, By Payment Type
4.1. Introduction
4.1.1. Annual Growth Rate Comparison, By Payment Type
4.1.2. BPS Analysis, By Payment Type
4.2. Market Revenue (US$Mn) and Forecast, By Payment Type
4.2.1. Cashless
4.2.1.1. Bank Cards
4.2.1.2. Credit
4.2.1.3. Debit
4.2.2. Smartphone Wallet
4.2.2.1. Apple Pay
4.2.2.2. Android Pay
4.2.2.3. Samsung Pay
4.2.3. eCommerce
4.2.3.1. Website Payments
4.2.3.2. QR Code Payments
4.2.4. Contactless (NFC)
4.3. Global Payments for EV Charging Stations Market Attractiveness Index, By Payment Type
5. Global Payments for EV Charging Stations Market, By End User
5.1. Introduction
5.1.1. Annual Growth Rate Comparison, By End User
5.1.2. BPS Analysis, By End User
5.2. Market Revenue (US$Mn) and Forecast, By End User
5.2.1. Commercial
5.2.1.1. On Road
5.2.1.2. Public Parking
5.2.1.3. Other Commercial Sites
5.2.2. Non-Commercial
5.2.2.1. Non-Residential
5.2.2.2. Residential
5.3. Global Payments for EV Charging Stations Market Attractiveness Index, By End User
6. Global Payments for EV Charging Stations Market, By Region
6.1. Introduction
6.1.1. Annual Growth Rate Comparison, By Region
6.1.2. BPS Analysis, By Region
6.2. Market Revenue (US$Mn) and Forecast, By Region
6.2.1. North America
6.2.2. Latin America
6.2.3. Europe
6.2.4. Asia Pacific
6.2.5. Middle East
6.2.6. Africa
6.3. Global Payments for EV Charging Stations Market Attractiveness Index, By Region
7. North America Payments for EV Charging Stations Market Analysis and Forecast, 2020–2028
7.1. Introduction
7.1.1. Annual Growth Rate Comparison, By Country
7.1.2. BPS Analysis, By Country
7.2. Market Revenue (US$Mn) and Forecast, By Country
7.2.1. U.S. Payments for EV Charging Stations Market
7.2.2. Canada Payments for EV Charging Stations Market
7.3. North America Payments for EV Charging Stations Market Revenue (US$Mn) and Forecast, By Payment Type
7.3.1. Cashless
7.3.1.1. Bank Cards
7.3.1.2. Credit
7.3.1.3. Debit
7.3.2. Smartphone Wallet
7.3.2.1. Apple Pay
7.3.2.2. Android Pay
7.3.2.3. Samsung Pay
7.3.3. eCommerce
7.3.3.1. Website Payments
7.3.3.2. QR Code Payments
7.3.4. Contactless (NFC)
7.4. North America Payments for EV Charging Stations Market Revenue (US$Mn) and Forecast, By End User
7.4.1. Commercial
7.4.1.1. On Road
7.4.1.2. Public Parking
7.4.1.3. Other Commercial Sites
7.4.2. Non-Commercial
7.4.2.1. Non-Residential
7.4.2.2. Residential
7.5. North America Payments for EV Charging Stations Market Attractiveness Index
7.5.1. By Country
7.5.2. By Payment Type
7.5.3. By End User
8. Latin America Payments for EV Charging Stations Market Analysis and Forecast, 2020–2028
8.1. Introduction
8.1.1. Annual Growth Rate Comparison, By Country
8.1.2. BPS Analysis, By Country
8.2. Market (US$Mn) Forecast, By Country
8.2.1. Brazil Payments for EV Charging Stations Market
8.2.2. Mexico Payments for EV Charging Stations Market
8.2.3. Rest Of Latin America Payments for EV Charging Stations Market
8.3. Latin America Payments for EV Charging Stations Market Revenue (US$Mn) and Forecast, By Payment Type
8.3.1. Cashless
8.3.1.1. Bank Cards
8.3.1.2. Credit
8.3.1.3. Debit
8.3.2. Smartphone Wallet
8.3.2.1. Apple Pay
8.3.2.2. Android Pay
8.3.2.3. Samsung Pay
8.3.3. eCommerce
8.3.3.1. Website Payments
8.3.3.2. QR Code Payments
8.3.4. Contactless (NFC)
8.4. Latin America Payments for EV Charging Stations Market Revenue (US$Mn) and Forecast, By End User
8.4.1. Commercial
8.4.1.1. On Road
8.4.1.2. Public Parking
8.4.1.3. Other Commercial Sites
8.4.2. Non-Commercial
8.4.2.1. Non-Residential
8.4.2.2. Residential
8.5. Latin America Payments for EV Charging Stations Market Attractiveness Index
8.5.1. By Country
8.5.2. By Payment Type
8.5.3. By End User
9. Europe Payments for EV Charging Stations Market Analysis and Forecast, 2020–2028
9.1. Introduction
9.1.1. Annual Growth Rate Comparison, By Country
9.1.2. BPS Analysis, By Country
9.2. Market (US$Mn) Forecast, By Country
9.2.1. U.K. Payments for EV Charging Stations Market
9.2.2. Germany Payments for EV Charging Stations Market
9.2.3. Italy Payments for EV Charging Stations Market
9.2.4. France Payments for EV Charging Stations Market
9.2.5. Spain Payments for EV Charging Stations Market
9.2.6. Russia Payments for EV Charging Stations Market
9.2.7. Rest Of Europe Payments for EV Charging Stations Market
9.3. Europe Payments for EV Charging Stations Market Revenue (US$Mn) and Forecast, By Payment Type
9.3.1. Cashless
9.3.1.1. Bank Cards
9.3.1.2. Credit
9.3.1.3. Debit
9.3.2. Smartphone Wallet
9.3.2.1. Apple Pay
9.3.2.2. Android Pay
9.3.2.3. Samsung Pay
9.3.3. eCommerce
9.3.3.1. Website Payments
9.3.3.2. QR Code Payments
9.3.4. Contactless (NFC)
9.4. Europe Payments for EV Charging Stations Market Revenue (US$Mn) and Forecast, By End User
9.4.1. Commercial
9.4.1.1. On Road
9.4.1.2. Public Parking
9.4.1.3. Other Commercial Sites
9.4.2. Non-Commercial
9.4.2.1. Non-Residential
9.4.2.2. Residential
9.5. Europe Payments for EV Charging Stations Market Attractiveness Index
9.5.1. By Country
9.5.2. By Payment Type
9.5.3. By End User
10. Asia Pacific Payments for EV Charging Stations Market Analysis and Forecast, 2020–2028
10.1. Introduction
10.1.1. Annual Growth Rate Comparison, By Country
10.1.2. BPS Analysis, By Country
10.2. Market (US$Mn) Forecast, By Country
10.2.1. China Payments for EV Charging Stations Market
10.2.2. India Payments for EV Charging Stations Market
10.2.3. Japan Payments for EV Charging Stations Market
10.2.4. Australia and New Zealand Payments for EV Charging Stations Market
10.2.5. South Korea Payments for EV Charging Stations Market
10.2.6. Rest of Asia Pacific Payments for EV Charging Stations Market
10.3. Asia Pacific Payments for EV Charging Stations Market Revenue (US$Mn) and Forecast, By Payment Type
10.3.1. Cashless
10.3.1.1. Bank Cards
10.3.1.2. Credit
10.3.1.3. Debit
10.3.2. Smartphone Wallet
10.3.2.1. Apple Pay
10.3.2.2. Android Pay
10.3.2.3. Samsung Pay
10.3.3. eCommerce
10.3.3.1. Website Payments
10.3.3.2. QR Code Payments
10.3.4. Contactless (NFC)
10.4. Asia Pacific Payments for EV Charging Stations Market Revenue (US$Mn) and Forecast, By End User
10.4.1. Commercial
10.4.1.1. On Road
10.4.1.2. Public Parking
10.4.1.3. Other Commercial Sites
10.4.2. Non-Commercial
10.4.2.1. Non-Residential
10.4.2.2. Residential
10.5. Asia Pacific Payments for EV Charging Stations Market Attractiveness Index
10.5.1. By Country
10.5.2. By Payment Type
10.5.3. By End User
11. Middle East Payments for EV Charging Stations Market Analysis and Forecast, 2020–2028
11.1. Introduction
11.1.1. Annual Growth Rate Comparison, By Country
11.1.2. BPS Analysis, By Country
11.2. Market (US$Mn) Forecast, By Country
11.2.1. GCC Countries Payments for EV Charging Stations Market
11.2.2. Israel Payments for EV Charging Stations Market
11.2.3. Rest Of Middle East Payments for EV Charging Stations Market
11.3. Middle East Payments for EV Charging Stations Market Revenue (US$Mn) and Forecast, By Payment Type
11.4. Middle East Payments for EV Charging Stations Market Revenue (US$Mn) and Forecast, By End User
11.4.1. Commercial
11.4.1.1. On Road
11.4.1.2. Public Parking
11.4.1.3. Other Commercial Sites
11.4.2. Non-Commercial
11.4.2.1. Non-Residential
11.4.2.2. Residential
11.5. Middle East Payments for EV Charging Stations Market Attractiveness Index
11.5.1. By Country
11.5.2. By Payment Type
11.5.3. By End User
12. Africa Payments for EV Charging Stations Market Analysis and Forecast, 2020–2028
12.1. Introduction
12.1.1. Annual Growth Rate Comparison, By Country
12.1.2. BPS Analysis, By Country
12.2. Market (US$Mn) Forecast, By Country
12.2.1. South Africa Countries Payments for EV Charging Stations Market
12.2.2. Egypt Payments for EV Charging Stations Market
12.2.3. North Africa Payments for EV Charging Stations Market
12.2.4. Rest of Africa Payments for EV Charging Stations Market
12.3. Africa Payments for EV Charging Stations Market Revenue (US$Mn) and Forecast, By Payment Type
12.3.1. Cashless
12.3.1.1. Bank Cards
12.3.1.2. Credit
12.3.1.3. Debit
12.3.2. Smartphone Wallet
12.3.2.1. Apple Pay
12.3.2.2. Android Pay
12.3.2.3. Samsung Pay
12.3.3. eCommerce
12.3.3.1. Website Payments
12.3.3.2. QR Code Payments
12.3.4. Contactless (NFC)
12.4. Africa Payments for EV Charging Stations Market Revenue (US$Mn) and Forecast, By End User
12.4.1. Commercial
12.4.1.1. On Road
12.4.1.2. Public Parking
12.4.1.3. Other Commercial Sites
12.4.2. Non-Commercial
12.4.2.1. Non-Residential
12.4.2.2. Residential
12.5. Africa Payments for EV Charging Stations Market Attractiveness Index
12.5.1. By Country
12.5.2. By Payment Type
12.5.3. By End User
13. Competitive Landscape
13.1. Competition Dashboard
13.2. Company Profiles
13.3. Apple Inc.
13.3.1.1. Company Overview
13.3.1.2. Financial Overview
13.3.1.3. Key Developments
13.3.1.4. Strategies
13.3.1.5. Product Analysis
13.4. Samsung
13.5. Google Inc.
14. Acronyms
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Frequently Asked Questions
The global payments for electric vehicle charging stations market is estimated to reach at a value of US$ xx Mn by the end of 2021 and expected to reach at a value of US$ xx Mn by 2028 with a significant CAGR of xx%
Rising demand for emission free and safe electric vehicles across the globe and the rapid development of fast-charging infrastructure for electric vehicle are the key factors driving the growth of market
The global payments for electric vehicle charging stations market is segmented on the basis of payment type, end user, and by region.
The key participating players of the global payments for electric vehicle charging stations market include Apple Inc, Samsung, Google Inc., among others.