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Electric Vehicle Charging Infrastructure Market Set to Reach USD 18.1 Billion by 2034, Reveals Transparency Market Research Inc.

will encourage investments in charging stations, grid connectivity, and renewable energy sources.Asia Pacific, especially nations like China, India, Japan, and South Korea, is a center for technical innovation. For electric vehicle charging infrastructure to be effective and sustainable, battery technology, materials science, and smart grid solutions must remain at the forefront of innovation.Sustainable transportation solutions will become more and more important as people in many Asian cities become more conscious of environmental problems and air pollution.Sustainability must be given top priority when choosing materials for EV charging infrastructure. This includes integrating renewable energy sources, using recycled materials, and designing with low energy consumption.Asia Pacific cities' urban planning programs will place a greater emphasis on creating EV-friendly infrastructure, including charging stations in public places, business districts, and residential areas. The materials utilized in urban infrastructure projects must be able to withstand the rigors of various environments and patterns of use.

Global Materials for Electric Vehicle Charging Infrastructure Market: Competitive Landscape

A number of key players are offering products designed specifically for the power connection of electric vehicle charging infrastructure in the global market for electric vehicle charging infrastructure materials. Halogen-free and flame retardant (HFFR) properties are offered by these products.

Key Players Profiled

Prysmian GroupNexansSouthwire Company LLCLeoni AGLAPP GroupTE Connectivity Ltd.Amphenol CorporationFurukawa Electric Co., Ltd.Sumitomo Electric Industries, Ltd.

Key Developments

In March 2023, Southwire, a leading producer of wire and cable in North America and an emerging player in the electrical sector, became the official wire and cable supplier for Formula E.In February 2024, the Prysmian Group joined CharIn, an industry group dedicated to standardizing a super-fast charging infrastructure that allows electric vehicle (EV) drivers to recharge their vehicles on the road easily and quickly during long-distance trips by promoting the Charging Interface Initiative.

Global Materials for Electric Vehicle Charging Infrastructure Market: Segmentation

By Material Type

MetalsPolymersCompositesCeramicsConductive MaterialsOthers

By Component

Charging StationsPower Distribution Units (PDUs)Charging CablesConnectors and PlugsPower ElectronicsEnergy Storage Systems (ESSs)Others

By Charging Station Type

AC Charging StationsDC Charging StationsBattery Swapping Stations

By End Use

Commercial Charging InfrastructureResidential Charging Infrastructure

By Region

North AmericaEuropeAsia PacificLatin AmericaMiddle East & Africa

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