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Research and Markets: Electric Vehicle Charging Station Market in China 2011-2015

Research and Markets: Electric Vehicle Charging Station Market in China 2011-2015 – The Electric Vehicle (EV) Charging Station Market in China to Grow At A CAGR Of 107.6 Percent Over the Period 2011-2015

DUBLIN–(BUSINESS WIRE)–Research and Markets (http://www.researchandmarkets.com/research/kz5r3r/electric_vehicle_c) has announced the addition of the “Electric Vehicle Charging Station Market in China 2011-2015” report to their offering.

“Electric Vehicle Charging Station Market in China 2011-2015”
One of the key factors contributing to this market growth is the increase in shortage of oil reserves. The EV Charging Station market in China has also been witnessing rapid growth of the Transportation sector. However, limited performance of EVs could pose a challenge to the growth of this market.

Key vendors dominating this market space include NARI Technology Development Co. Ltd., XJ Electric Co. Ltd., Rongxin Power Electronic Co. Ltd., and Henan Senyuan Electric Co. Ltd.

Commenting on the report, an analyst from TechNavio’s Clean Tech team said; With the majority of the Chinese population living in apartments, public Electric Vehicle (EV) charging stations will be in huge demand, which can be clearly anticipated by the government when promoting the installation of public EV charging stations. Hence, level 2 public station manufacturers will witness huge demand for their products. This increased demand for level 2 stations will drive the growth of the EV Charging Station market in China.

According to the report, the scarcity of oil reserves is one of the major factors encouraging the growth of the EV Charging Station market in China. The main reasons for oil scarcity are the rapid demand for oil from developing countries and a simultaneous decline in oil supply. This shortage of oil reserves and the increasing demand for vehicle fuels are leading some countries to seek alternative ways to reduce their dependence on oil. As a result, governments are funding and subsidizing EV and equipment manufacturers to increase the adoption of EVs.

Further, the report also discusses that lack of proper battery range of EVs is one of the most significant barriers to the growth of the EV Charging Station market in China.

For more information visit http://www.researchandmarkets.com/research/kz5r3r/electric_vehicle_c

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Research and Markets
Laura Wood, Senior Manager.
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Sector: Nanotechnology
Source businesswire.com

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