Global Electric Vehicle Charging Station Market: Overview
As the global market for electric vehicles is gaining momentum, manufacturers, vendors and end-users of the industry are looking into development of auxiliary infrastructure required for the product. Electric vehicle charging stations are a pivotal requirement, and their demand is expect to augment over the coming years with incrementing adoption of electric vehicles. Typically, an electric vehicle requires charging time from anywhere between 15 minutes to several hours. Charging stations for electric vehicle are anticipated to offer an exhaustive solution for charging the vehicle’s battery. They may be in the form of simple charging posts for street-side use, as charging cabinets for sheltered parking spots, or fully automated stations comprising of power distribution equipment. In the coming years, battery swapping is expected to gain traction, due to substantial reduction in charging time. On account of these factors, the global electric vehicle charging station market is expected to witness a substantial lift over the coming years.
The study offers an in-depth description of the global electric vehicle charging station market while providing a rich analysis of the market situation, with detailed focus on its drivers, opportunities, restraints and trends. The report delves into the resultant of the product in associated industries and application areas. The global reports provides exhaustive information on the procedures that current vendors in the market could attempt so as to pick up momentum in the business, alongside an examination on entry points for new players. The market intelligence study represents an intensive guide on the global market for electric vehicles charging stations over the forecast duration mentioned.
DC Charging to Remain Lucrative Type Segment over Forecast Period
Segmented on the basis of type, the study considers DC charging, AC charging, and wireless charging. DC charging provides faster charging than the other charging types. With the growing awareness regarding DC charging’s rapid charging feature and other properties, the segment is expected to a prominent market share over the forecast period.
The report classifies the market on the basis of power output, out of which the segment of >50 KW segment holds a significant market share. Charging with >50 KW results in rapid charging- upto 20 minutes for a top-up. Several government are also encouraging the adoption of this segment, leading to its popularity.
Among the end-users, the public segment is expected to dominate the world electric charging station market.
Asia Pacific To Emerge as Leading Regional Market
The report analyzes the global electric vehicle charging station market in terms of geography by dividing it into- Asia Pacific, Europe, North America, South America, and the Middle East and Africa.
Currently, Asia Pacific holds a superior market position amongst the regional markets. The soaring production and sales of electric vehicles, especially in populous China, is a key factor responsible for the dominance of the Asia Pacific electric vehicle charging station market. The country has also adopted fully electric bus fleets across cities such as Shenzhen, fuelling the gigantic rise of the market in the region.
Leading vendors operating in the global electric vehicle charging station market include AeroViroment, Inc., ChargePoint, Inc., Mojo Mobility, Inc., EVgo Services LLC., GENERAL ELECTRIC, Blink Charging Co., and Wi Tricity Corporation.
Electric Vehicle Charging Station Market - Overview
This report analyzes and forecasts the market for electric vehicle charging station at the global and regional level. The market has been forecasted based on revenue (US$ Mn) from 2018 to 2026. The study includes drivers and restraints of the global electric vehicle charging station market. It also covers the impact of these drivers and restraints on the demand for electric vehicle charging station during the forecast period. The report also highlights opportunities and future scope in the electric vehicle charging station market at the global and regional level.
The report comprises a detailed value chain analysis, which provides a comprehensive view of the global electric vehicle charging station market. The Porter’s Five Forces analysis model for the electric vehicle charging station market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein product is benchmarked based on their market size, growth rate, and general market share.
The study provides a decisive view of the global electric vehicle charging station market by segmenting it in terms of charging station type, power output, end-user, supplier type, and geography. These segments have been analyzed based on present and future trends. Regional segmentation includes the current and forecast demand for sun visor in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report also covers demand for individual segments in all major countries across all regions.
The study includes profiles of major companies operating in the global electric vehicle charging station Market. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, recent developments, key executive bios, and manufacturing footprint.
The global electric vehicle charging station market is primarily driven by government support and increased battery life of electric vehicles. Electric vehicles are a non-polluting mode of transportation and hence, governments of several nations across the globe are providing subsidies for electric vehicles. Several nations have announced a ban on the use of diesel powered vehicles in order to reduce emission to meet the Paris Climate Accord, an agreement signed by 195 nations to keep the global temperature rise well below 2 degree Celsius. Companies such as Tesla have developed technologically advanced batteries for electric vehicles, which vehicle has led to the significant increase in traveling distance per charge. Increased battery capacity and availability of various models of electric vehicles are attracting consumers. Increasing number of electric vehicles is likely to offer numerous opportunities for the electric vehicle charging station market.
The report provides the estimated market size of electric vehicle charging station for 2017 and forecast for the next nine years. The global market size of electric vehicle charging station has been provided in terms of revenue. Market numbers have been estimated based on charging station type, power output, end-user, by supplier type, and regional segments of electric vehicle charging station market. Market size and forecast for each charging station type, power output, end-user, and supplier type segments have been provided in terms of global and regional/country markets.
In order to compile the research report, we have gathered data from different government released papers and news from company websites. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of recent trade, technical writing, internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.
Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, and SEC filings, internal and external proprietary databases, and relevant patent and regulatory databases, national government documents, statistical databases, and market reports, news articles, press releases, and webcasts specific to companies operating in the market, National government documents, statistical databases, and market reports, European Alternative Fuels Observatory, PluginIndia, Alternative Fuels Data Center, Electric Vehicle Charging Association, ROEV Association, Electric Automobile Association (EAA), Electric Drive Transportation Association, National Electric Drag Racing Association (NEDRA), Factiva, etc.
Primary research involves e-mail interactions, telephonic interviews, Linked interviews, and face-to-face interviews for each market, category, segment, and sub-segment across geographies. We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate the data and analysis. Primary interviews provide firsthand information on market size, market trends, growth trends, competitive landscape, and outlook, etc. These help validate and strengthen secondary research findings. These also help develop the analysis team’s expertise and market understanding.
The global electric vehicle charging station market has been segmented as follows:
Global Electric Vehicle Charging Station Market, by Charging Station Type
- AC Charging
- DC Charging
- Wireless Charging
Global Electric Vehicle Charging Station Market, by Power Output
- <11 kW
- 11kW-50 kW
- >50 kW
Global Electric Vehicle Charging Station Market, by End-user
- Private Type
- Public Type
Global Electric Vehicle Charging Station Market, by Supplier Type
- OE Charging Station
- Private Charging Station
Global Electric Vehicle Charging Station Market, by Region/Country/Sub-region
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
- Latin America
- Rest of Latin America