TechSci Research’s report on the “Global Electrified Road for Electric Vehicle Charging Market – Size, Share, Trends, Opportunity, and Forecast, 2027″ anticipates robust growth with a significant CAGR during the forecast period of 2023-2027. The increasing penetration of electric vehicles and insufficient electric vehicle charging infrastructure worldwide are driving the market growth. Furthermore, the electrified road for electric vehicle charging market’s growth is fueled by technological advancements in electrified roads and government initiatives to boost electrification in the country. Electrified roads provide electricity to power and charge vehicles while they are in motion, allowing electric trucks and buses to travel long distances without frequent charging. The benefits of electrified roads include reduced dependence on fossil fuels, lower greenhouse gas emissions, air pollution, noise pollution, and increased energy efficiency. In Sweden and Norway, researchers, businesses, and public sectors are collaborating on implementation strategies, operations, and maintenance standards for greater acceptance of electric roads. Installing electric road technology on all European and National roads in Sweden could reduce carbon emissions from heavy traffic by approximately 60%, resulting in cleaner air and reduced noise pollution. Large-scale deployment of electric roads could also lead to significant cost savings in the transport sector. As a result, the growth of the electrified road for electric vehicle charging market is expected to be propelled in the coming years by rising investments from government and private players to develop electrified roads worldwide.
Browse over XX market data Figures spread through 110 Pages and an in-depth TOC on “Global Electrified Road for Electric Vehicle Charging Market” – https://www.techsciresearch.com/report/electrified-road-for-electric-vehicle-charging-market/11790.html
Mr. Karan Chechi, Research Director at TechSci Research, a global management consulting firm, stated that numerous companies are working on implementing groundbreaking in-road wireless charging technology in a real-world setting since its introduction. Currently, several pilot projects for electrified roads are underway in different parts of North America and Europe. Many research institutes are also striving to make electrified roads as sustainable and efficient as possible to bring about mass implementation of the electrification revolution. The Sweden government is planning to utilize the Electreon technology to electrify over 3,000 miles of high-speed highways at a cost of USD 3 billion. The Israeli government is also planning to invest USD 3.3 million in electrified roads by gradually expanding the deployment of coils to specific areas around the city of Tel Aviv. Thus, the expected increase in government investments to electrify roads for facilitating electric vehicle charging is anticipated to fuel market growth in the upcoming years.
A list of major market players of the electrified road for electric vehicle charging market includes:
- Siemens AG
- Scania AB
- Elonroad
- Vattenfall
- Sytner Group Limited
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“Electrified Road for Electric Vehicle Charging Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027” has evaluated the future growth potential of global electrified road for electric vehicle charging market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global electrified road for electric vehicle charging market.
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