Electric Vehicle Charging Infrastructure Market, Sector / Industry Report & Analysis, 2025 (Includes Business Impact of COVID-19)

  • TBI883981
  • August 01, 2019
  • Global
  • 132 pages
  • HCCResearch
                                          

Abstract, Snapshot, Market Analysis & Market Definition: Global Electric Vehicle Charging Infrastructure Market

The global Electric Vehicle Charging Infrastructure market size is projected to reach US$ 80.47 billion by 2026, from US$ 14.8 billion in 2020, at a CAGR of 32.6% during 2021-2026. Growing sales of EVs due to government initiatives and support, in terms of tax credits and lucrative subsidies, is expected to drive the global market over the forecast period. Lower operating and maintenance cost and rising consumer awareness regarding the environmental benefits are further encouraging consumers to use EVs, which is also contributing to the demand, thereby boosting the global market. Moreover, major automotive manufacturers are heavily investing in the development of EV charging stations and new technologies, such as lithium-ion batteries, ultra-fast DC charging networks, autonomous park-and-charge, and wireless charging, to boost the EV sales. For instance, Volkswagen Group is working on the development of V-Charge, an EU research project focusing on automating the parking and charging of EVs. V-Charge completely automates the process of identifying a parking spot and charging using a network of multiple sensory devices, including wide-angle cameras, digital maps, 3D cameras, ultrasound sensors, and the ˜Car2X technology for the vehicles to communicate with the charging infrastructure. To control the increasing levels of carbon emission in the environment, governments and vehicle manufacturers are promoting the adoption of EVs. In 2016, the European Commission approved new rules (National Emissions Ceilings (NEC) Directive) for its member states to reduce the air pollution levels. In addition, EVs also offer enhanced safety to commuters as they do not contain highly flammable fuels, which minimizes the probability of death due to fire in case of accident. The emergence of self-driving vehicles and rising popularity of shared mobility are also anticipated to have a significant impact on the global EV sales. Growth of ride-hailing and ridesharing services will enable increased vehicle utilization, which, in turn will provide economical transportation facility to commuters. Furthermore, growing popularity of Mobility-as-a-Service (MaaS) model is also anticipated to lead to increased adoption of EVs.

Market Segmentation, Outlook & Viewpoint: Global Electric Vehicle Charging Infrastructure Market

Charger Type Market Segmentation & Outlook (Revenue, USD Million; Volume, Units, 2014 - 2025)

  • Slow
  • Fast

Connector Market Segmentation & Outlook (Revenue, USD Million; Volume, Units, 2014 - 2025)

  • CHAdeMO
  • CCS
  • Others

Application Market Segmentation & Outlook (Revenue, USD Million; Volume, Units, 2014 - 2025)

  • Commercial
  • Residential

Key Players, Recent Developments & Regional Insights: Global Electric Vehicle Charging Infrastructure Market

On the basis of application, the market has been classified into commercial and residential. The commercial segment, which includes chargers at non-residential places, is expected to witness the fastest CAGR from 2019 to 2025 owing to the initiatives and allocation of funding by the governments and automobile manufactures for expanding the public EVCI infrastructure. Manufacturers are now focusing on the development of residential and commercials EV chargers to ensure easy availability. Electric Vehicle Supply Equipment (EVSE) manufacturers are collaborating with the EV manufacturers, charging network operators, corporates, and utility service providers to deploy fast charging stations to expand their geographical presence and to enable cost-effective deployment of EV charging network. Increased deployment of EV charging stations at public places, such as shopping malls, commercial apartments, airports, railway stations, paid parking facilities, and restaurants, is anticipated to drive the commercial segment in future.

Charger Type Insights

On the basis of charger type, the market has been segmented into slow and fast chargers. The fast charger segment led the market in 2018 owing to increased demand for these chargers in commercial stations. The segment includes rapid AC chargers (up to 43 kW), DC chargers, and Tesla Superchargers. These chargers have the potential to charge an EV battery up to 80% within 30 minutes. They have the capability to charge an EV in lesser time compared to residential chargers. Also, increasing popularity of fast DC chargers along with higher participation and emphasis on deployment from major automobile manufacturers to support long-range Battery Electric Vehicles (BEVs) is anticipated to drive the segment over the forecast period.

Regional Insights

Asia Pacific led the global market in 2018 owing to increased number of commercial EV chargers in China and Japan. China has invested in the deployment of EV infrastructure to accomplish their target for supporting 5 million EVs, on road, by 2020. To promote manufacturing and adoption of hybrid and EVs, the government of India introduced the Faster Adoption and Manufacture of (Hybrid and) EVs (FAME) in 2015 and is a part of the National Electric Mobility Mission Plan. Furthermore, in 2016, Japan successfully surpassed the number of petrol stations with EV charging outlets. This growth was supported by the government policies and automakers effort to boost EV infrastructure. For instance, in 2014, Toyota Motor Corporation, Honda Motor Co., Ltd., Nissan Motor Co., Ltd., and Mitsubishi Motors Corporation formed a new company called Nippon Charge Service, LLC to encourage the installation of EV chargers. South Korea invested USD 180.3 million for the expansion of EV infrastructure.In 2017, the Singapore government launched an EV car sharing program. Under this initiative, BlueSG (Singapore), a subsidiary of Bollore Group, will install 2,000 EV charging points in 500 charging stations across Singapore.

Electric Vehicle Charging Infrastructure Market Share Insights

Key companies in the market include AeroVironment, Inc.; ABB Ltd.; ChargePoint, Inc.; Chargemaster PLC; ClipperCreek, Inc.; Eaton Corporation; General Electric Company; Leviton Manufacturing Co., Inc.; SemaConnect, Inc.; Schneider Electric SE; Siemens AG; Tesla, Inc.; and Webasto SE. Companies are focusing on the development of new and existing products. They have undertaken several strategic initiatives, such as collaborations with other firms or EV manufacturers. For instance, in 2016, ChargePoint, Inc. collaborated with BMW of North America, LLC and Volkswagen of America, Inc. for setting up approximately 100 DC, fast-charging stations across east and west coasts of U.S. Moreover, companies are consolidating their market shares by undertaking M&A activities. In 2017, Chargemaster Plc acquired Elektromotive Limited, an infrastructure supplier, along with its subsidiary (Charge Your Car). Through this acquisition, the former company expanded its existing portfolio and customer services. Furthermore, in 2018, BP plc acquired Chargemaster Plc, U.K.s leading supplier of EV charging infrastructure and the largest EV charging network. Post-acquisition, Chargemaster Plc was rebranded BP Chargemaster. The acquisition enabled BP Plc to deploy fast and ultra-fast charging network on BPs U.K. forecourts.

Key Insights Covered: Global Electric Vehicle Charging Infrastructure Market

1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Electric Vehicle Charging Infrastructure industry. 2. Global major manufacturers operating situation (sales, revenue, growth rate and gross margin) of Electric Vehicle Charging Infrastructure industry. 3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Electric Vehicle Charging Infrastructure industry. 4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Electric Vehicle Charging Infrastructure industry. 5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Electric Vehicle Charging Infrastructure industry.

Research Methodology: Global Electric Vehicle Charging Infrastructure Market

  • Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
  • Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
  • Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other

Table of Content
Chapter 1 Methodology and Scope
  1.1 Research Methodology
  1.2 Research Scope and Assumptions
  1.3 List of Data SourcesChapter 2 Executive Summary
  2.1 Electric Vehicle Charging Infrastructure - Industry Snapshot & Key Buying Criteria, 2014 - 2025
  2.2 Global Electric Vehicle Charging Infrastructure Market, 2014 - 2025Chapter 3 Electric Vehicle Charging Infrastructure Industry Outlook
  3.1 Market Segmentation & Scope
  3.2 Market Size and Growth Prospects
  3.3 Electric vehicle (EV) charging infrastructure - Value Chain Analysis
      3.3.1 Vendor landscape
  3.4 Electri
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