Electric Vehicle Charging Equipment Market In-depth Analysis Report, Covering Companies Like (ClipperCreek, Bosch, Nissan, Signet, Coulomb Technologies, ECOtality)
Electric Vehicle Charging Equipment is commonly called a charging station or charging dock. These charging stations are built into the EV charging standard for electrical safety; first for the user, then the vehicle and then the power grid.
According to the report, the global Electric Vehicle Charging Equipment market is valued at approximately USD 9,457 million in 2019 and is expected to generate revenue of around USD 20,072 million by 2026, growing at a CAGR of roughly 11.35% from 2019 and 2026.
Electric vehicles, plug-in hybrid electric vehicles (PHEV) and other alternative fuel vehicles are grabbing market share from traditional gasoline and diesel models. Besides, as countries seek to solve future energy demand in a rapidly growing and changing world, achieving sustainable transportation is becoming a crucial task. However, the growth of PHEV and electric vehicle market is hindered by "interval anxiety". Consumers are worried about getting into trouble due to poor battery performance or lack of charging infrastructure. In order to expand the PHEV and electric vehicle markets, the development of charging infrastructure has become a top priority. Therefore, the importance of the availability of charging infrastructure to the growth prospects of the electric vehicle market requires continued support for the deployment of electric vehicle charging equipment.
Get FREE Sample of Electric Vehicle Charging Equipment Market Report at:
Electric Vehicle Charging Equipment Market: Type Outlook
l Level 2
l DC Fast Charging
Electric Vehicle Charging Equipment Market: Application Outlook
l Residential
l Commercial
l Public Charging
l Others
Electric Vehicle Charging Equipment Market: Region Outlook
l North America (U.S., Canada, Mexico)
l Europe (Germany, France, Italy, Spain, U.K., Nordic Countries, Belgium, Russia, Rest of Europe
l Asia Pacific (China, India, Australia, Japan, South Korea, Australia and New Zealand, Rest of Asia Pacific)
l Latin America, Middle East & Africa (Brazil, Nigeria, Argentina, South Africa, GCC Countries.
l Others
Highlight: Key Trends of the Global Electric Vehicle Charging Equipment Market
Regulatory Framework-Promoting the Market
National and international policy frameworks, aiming to support the deployment of Electric Vehicle Supply Equipment (EVSE), are driving the EV charging equipment market growth. Such factor is important for providing financial incentives, fiscal advantages, and other forms of monetary incentives for individuals, businesses, and local authorities, who are willing to invest in the installation of EV charging stations. Countries such as China, France, South Korea, and the Netherlands are some of the key countries that support the development of electric vehicle charging infrastructure through various supports.
In China, the central government supports municipalities deploying public-charging infrastructure, by subsidizing the construction of charging stations. In France, financial incentives can take the form of a tax credit equivalent to 30% of a home charger or subsidies for the installation of residential or workplace chargers. Norway provides EVSE public funding for fast-charging stations every 50 km (on average) on main roads and contributes to deployment incentives for public chargers. Many other countries also provide this kind of financial support, which is expected to be adopted by the various nations of Asia-Pacific and Europe in the next few years, thus further boosting the market growth.
Asia-Pacific – The Largest Regional Market
Asia-Pacific held the largest share of the market in 2018, accounting for close to 32.57% share, with annual production value nearly USD 2,766 million. The Asia-Pacific is projected to continue the same over the forecast period. This growth can be attributed to the strong EV market, effective government policies and subsidies, and incentives by countries, such as China, Japan, India, and South Korea, among others. In the past few years, China witnessed growth in, both, electric vehicles and their charging infrastructure. Recently, China surpassed the United States in the number of EV vehicles on road. Furthermore, in 2016, Japan surpassed the number of petrol stations with EV charging outlets. In 2017, India launched its first EV charging station. Rapid urbanization and increase in the purchasing power among people, across the countries in Asia-Pacific, are predicted to further propel the growth of the EV charging equipment market during the forecast period.
China Investing Heavily in EV Stations
China has the largest electric vehicle charging network in the world. In 2017, the number of public NEV (New Energy Vehicle) charging points nationwide increased to 214,000. China’s national grid is investing in EV charging stations and, by 2020, it expects to invest nearly RMB 25 billion into charging stations. In 2016, the total number of electric vehicles in China surpassed that in the United States, becoming the country with the largest number of electric vehicles in the road network. This evolution can be attributed to China's fast-growing BEV market, where BEVs have continued to dominate over PHEVs. However, the plan to phase out subsidies by 2020 and the underutilization of public charging stations pose challenges to the Chinese market.
Purchase a copy of Electric Vehicle Charging Equipment report at:
Leading Company for Driving Industry development
The global Electric Vehicle Charging Equipment market growth is also reliant on the development of active players in the industry, which are ClipperCreek, Bosch, Bosch, Nissan, Signet, Coulomb Technologies, ECOtality, Elektromotive, Efacec, AeroVironment, Leviton, ABB, Eaton Corporation Plc., Siemens, Evatran, Schneider Electric, Fuji Electric, Webasto Charging Systems, Blink Charging Co., General Electric, and etc.
January 2018 - An oil giant, BP is likely to trial mobile charging points for electric vehicles at its UK forecourts, after investing USD 5 million (GBP 3.6 million) in US-based firm FreeWire Technologies. BP announced that it will roll out FreeWire’s mobile rapid chargers across a number of petrol stations in the United Kingdom and Europe in 2018.
November 2017 - Cab service provider, Ola launched India’s first electric vehicle charging station in Nagpur, in collaboration with state-run Indian Oil Corporation (IOC).
March 2017 - ENGIE acquired EV-Box, the largest European electric vehicle charging player.
Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Electric Vehicle Charging Equipment Market
…
2 Market Trends and Competitive Landscape
3 Segmentation of Electric Vehicle Charging Equipment Market by Types
4 Segmentation of Electric Vehicle Charging Equipment Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Electric Vehicle Charging Equipment Market in Major Countries
7 North America Electric Vehicle Charging Equipment Landscape Analysis
8 Europe Electric Vehicle Charging Equipment Landscape Analysis
9 Asia Pacific Electric Vehicle Charging Equipment Landscape Analysis
10 Latin America, Middle East & Africa Electric Vehicle Charging Equipment Landscape Analysis
11 Major Players Profile
11.1 ClipperCreek
11.1.1 ClipperCreek Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 Bosch
11.3 Nissan
11.4 Signet
11.5 Coulomb Technologies
11.6 ECOtality
11.7 Elektromotive
11.8 Efacec
11.9 AeroVironment
11.10 Leviton
11.11 ABB
11.12 Eaton Corporation Plc.
11.13 Siemens
11.14 Evatran
11.15 Schneider Electric
11.16 Fuji Electric
11.17 Webasto Charging Systems
11.18 Blink Charging Co.
11.19 General Electric
11.20 Hitachi
…
Ask for a discount at:
Key Stakeholders
l Electric Vehicle Charging Equipment manufacturers
l Raw material suppliers of Electric Vehicle Charging Equipment
l Downstream vendors and end-users
l Traders, distributors, and resellers of Electric Vehicle Charging Equipment
l Electric Vehicle Charging Equipment industry associations and research organizations
l Product managers, Electric Vehicle Charging Equipment industry administrator, C-level executives of the industries
l Market Research and consulting firms
l Small and Medium-sized Enterprises (SMEs)
Years considered for the study
l Base Year: 2018
l Estimated Year: 2019
l Forecast Period: 2019 to 2026
Global Market Monitor:
One Pierrepont Plaza, 300 Cadman Plaza W, Brooklyn,
NY 11201, USA
Name: Rebecca Hall
Phone: + 1 (347) 467 7721
Email: info@globalmarketmonitor.com
Web Site: https://www.globalmarketmonitor.com
We provide more professional and intelligent market reports to complement your business decisions.
Chinese