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EV Electric Charging Stations Will Reach $39.2 Billion Globally By 2027; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Joins Tesla, Inc. (NASDAQ: TSLA) And Blink Charging Co. (NASDAQ: BLNK) In Sector With Dedicated EV Charging Solutions Division


The EV electric charging market will soar to $39.2 billion globally by 2027, predicts Precedence Research, reflecting the growth of all-electric vehicles worldwide. Solar Integrated Roofing Corp. (OTC:SIRC) recently launched its own dedicated EV Charging Solutions Division, joining fast-growing Tesla, Inc. (NASDAQ:TSLA) and Blink Charging Co. (NASDAQ:BLNK) in the electric vehicle (EV) charging sector. David Massey, CEO of SIRC, said the company would address both the residential and commercial market infrastructure for network operators. features specialized coverage of related stocks in the solar, roofing and battery charging energy industry such as Solar Integrated Roofing Corp. (OTC:SIRC), Blink Charging Co. (NASDAQ:BLNK), Tesla, Inc. (NASDAQ:TSLA), SolarEdge Technologies, Inc. (NASDAQ:SEDG), First Solar, Inc. (NASDAQ:FSLR), SunPowerCorp. (NASDAQ:SPWR), Gibraltar Industries, Inc. (NASDAQ:ROCK),  Sunrun, Inc. (NASDAQ:RUN) and Canadian Solar Inc. (NASDAQ:CSIQ).

EV Electric Charging Stations Will Reach $39.2 Billion Globally By 2027; Solar Integrated Roofing Corp. (OTC:SIRC) Joins Tesla, Inc. (NASDAQ:TSLA) And Blink Charging Co. (NASDAQ:BLNK) In Sector With Dedicated EV Charging Solutions Division

The move by Solar Integrated Roofing Corp. (OTC:SIRC), Tesla, Inc. (NASDAQ:TSLA) and Blink Charging Co. (NASDAQ:BLNK) to enter the EV Charging Station solutions market were made of necessity (for TSLA) and opportunity (SIRC and BLNK). In Tesla’s case, the national network of EV charging stations was executed of necessity to support its own electric cars. The $39.2 billion seen for the market worldwide by the new Precedence Research Report is a result of consumers who own electric vehicle wanting time saving fast-charging stations and a boost for battery performance.

North American Growth In EV Charging Stations Seen

While other regions, such as Asia Pacific, represent attractive markets in this sector, North America and Europe are also presented in this research report as "significant revenue contributors'' in the future growth of EV Charging Stations. Moreover, North America has a bright future in this category because, "being center for several technological giants, the regions are investing significantly by providing loans and other benefits to the EV startups and established manufacturers."

SIRC Establishes Dedicated Division For EV Charging Station Space

Key to the growth of the new division will be cross-selling of existing customers as well as through the potential acquisition of existing EV charging providers. Massey said the future is bright as electric vehicles accounted for 7.84% of new cars in California in 2018. California has a legislatively targeted goal for all new cars to have zero emissions by 2035. Legislative tailwinds favor this sector. EV Electric Charging Stations Will Reach $39.2 Billion Globally By 2027; Solar Integrated Roofing Corp. (OTC:SIRC) Joins Tesla, Inc. (NASDAQ:TSLA) And Blink Charging Co. (NASDAQ:BLNK) In Sector With Dedicated EV Charging Solutions Division.

SIRC To Leverage Existing Customer Base, Explore EV Charging Acquisitions

Massey, CEO of Solar Integrated Roofing Corp. (OTC:SIRC), said, "I am pleased to announce the launch of our newest initiative to aggressively enter the EV charging space, addressing a large, rapidly growing market with significant regulatory tailwinds. We intend to leverage our existing customer base for improved cross-selling opportunities and to explore acquisitions of existing EV charging solutions providers to position us to grow market share over the long term. I look forward to continued execution into 2021 as we work to create sustainable value for our shareholders."

Blink Charging Co. (NASDAQ:BLNK) Raises $221.4 Million In Offering

Blink Charging Co. (NASDAQ:BLNK) earlier this week closed on the public offering sale of 5.4 million shares of its common stock for gross proceeds of $221.4 million. The Company said it would use the proceeds to supplement its operating cash flows, fund EV charging station deployment and enable it to finance the costs of acquiring competitive and complementary businesses, the Company said. BLNK has deployed 23,000 charging stations.

Solar Energy Battery Storage Systems And EV Charging Stations See Growth

EV charging solutions providers and solar energy battery storage systems are a niche key to the boom in solar, enabling homeowners to cut electricity costs and store energy for evening and cloudy day usage. As a result, Verified Market Research now projects that the solar battery market is growing at a CAGR OF 34.5% and will reach $1.8 billion by 2026 as solar continues its dynamic growth. Tesla, Inc. (NASDAQ:TSLA) markets its own Powerwall line of lithium-ion solar batteries. EV Electric Charging Stations Will Reach $39.2 Billion Globally By 2027; Solar Integrated Roofing Corp. (OTC:SIRC) Joins Tesla, Inc. (NASDAQ:TSLA) And Blink Charging Co. (NASDAQ:BLNK) In Sector With Dedicated EV Charging Solutions Division.

Solar Integrated Roofing Corp. (OTC:SIRC), is forecasting a record-breaking $40 million volume by FY 2022. Fast-growing Tesla, Inc. (NASDAQ:TSLA) And Blink Charging Co. (NASDAQ:BLNK) Are Brand Names In EV Charging Station Sector; Now Solar Integrated Roofing Corp. (OTC:SIRC) Launches Dedicated EV Charging Solutions Division.

Niche Solar Battery System Growth Appeals To Solar Marketers, Installers

Research firm Verified Market Research reports that the solar energy and battery storage market is projected to reach $1.8 billion by 2026 growng at a CAGR of 34.5% from 2019-2026.  That kind of growth is appealing to solar installers and makes solar and its savings even more appealing to homeowners. Within its Southern California market, Solar Integrated Roofing Corp. (OTC:SIRC) has been fast-growing with organic and acquisition growth. Solar Integrated Roofing Corp. (OTC:SIRC) Expands Into New Mexico

Solar powerhouse Solar Integrated Roofing Corp. (OTC:SIRC) sees multiple expansion opportunities. One is its recent expansion into New Mexico where it is expanding into the Albuquerque/Santa Fe metropolitan market with its partnership with SunPower Corporation as a premier dealer.

SIRC Projects FY 2022 Volume Hitting Record-Breaking $40+ Million

SIRC projects that its volume will report a record breaking $40+ million in fiscal 2022. Solar Integrated Roofing Corp. (OTC:SIRC) forecast that it would report record volume of $20 million for FY 2021.

Learn more about Solar Integrated Roofing Corp. (OTC:SIRC) at its website.

Source: Stock Market Press

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