EV Charging Equipment Market Share, Market Trends, Demand and Growth Forecast 2017 to 2022
EV charging equipment is extensively used to charge battery electric vehicle and plug-in hybrid electric vehicle. Need of EV charging equipment is growing and it is widely distributed so that public can access efficiently. This equipment has residential and on-street facilities which is provided by the electric utility firms or operated by private firms. EV charging equipment market is driven by a number of factors including increasing need of a reduction in the carbon emitted from the vehicles and rising adoption of electric vehicles.
EV charging equipment is extensively used to charge battery electric vehicle and plug-in hybrid electric vehicle. Need of EV charging equipment is growing and it is widely distributed so that public can access efficiently. This equipment has residential and on-street facilities which is provided by the electric utility firms or operated by private firms. EV charging equipment market is driven by a number of factors including increasing need of a reduction in the carbon emitted from the vehicles and rising adoption of electric vehicles.
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<strong>EV</strong> <strong>Charging</strong> <strong>Equipment</strong> <strong>Market</strong> <strong>Share</strong>, <strong>Market</strong> <strong>Trends</strong>,<br />
<strong>Dem<strong>and</strong></strong> <strong>and</strong> <strong>Growth</strong> <strong>Forecast</strong> <strong>2017</strong> <strong>to</strong> <strong>2022</strong><br />
<strong>EV</strong> <strong>Charging</strong> <strong>Equipment</strong> <strong>Market</strong> Report provides in-depth analysis of industry<br />
by Production, <strong>Share</strong>, Size, <strong>Dem<strong>and</strong></strong>, Proposition, Development, Opportunistic<br />
<strong>Growth</strong>, Economic <strong>Trends</strong>, Technologies Research, Segmentation, Key<br />
Futuristic Investment Feasibility, Major key players, SWOT Analysis <strong>and</strong><br />
<strong>Forecast</strong>.<br />
<strong>EV</strong> charging equipment is an element which supplies electricity for the recharging of the electric<br />
vehicles including electric cars, plug-in hybrids, <strong>and</strong> neighborhood electrics vehicles. <strong>EV</strong> charging<br />
equipment is also known as <strong>EV</strong> supply equipment (<strong>EV</strong>SE). <strong>EV</strong> charging equipment is extensively used<br />
<strong>to</strong> charge battery electric vehicle <strong>and</strong> plug-in hybrid electric vehicle. Need of <strong>EV</strong> charging equipment<br />
is growing <strong>and</strong> it is widely distributed so that public can access efficiently. This equipment has<br />
residential <strong>and</strong> on-street facilities which is provided by the electric utility firms or operated by private<br />
firms. <strong>EV</strong> charging equipment market is driven by a number of fac<strong>to</strong>rs including increasing need of a<br />
reduction in the carbon emitted from the vehicles <strong>and</strong> rising adoption of electric vehicles.<br />
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https://www.millioninsights.com/industry-reports/electric-vehicle-ev-charging-equipmentmarket
Increasing use of electric vehicles will result in a rise in the use of <strong>EV</strong> charging equipment for<br />
recharging the electric vehicles. Furthermore, government initiatives <strong>to</strong> spread awareness regarding<br />
carbon emission <strong>and</strong> <strong>to</strong> use electrical vehicles are driving the market growth. In addition <strong>to</strong> this,<br />
government subsidies <strong>and</strong> incentives are also propelling the growth of the market. However, the short<br />
range of vehicles <strong>and</strong> high prices of electrical vehicles along with the lack of st<strong>and</strong>ardization in EC<br />
charging is restraining the growth of the market over the recent years. Heavy investments from the<br />
au<strong>to</strong>motive industry players in electrical vehicles are creating an avenue for the <strong>EV</strong> charging<br />
equipment growth.<br />
<strong>EV</strong> <strong>Charging</strong> <strong>Equipment</strong> <strong>Market</strong> is segmented on the basis of vehicle type in<strong>to</strong> battery electric vehicle<br />
(B<strong>EV</strong>), <strong>and</strong> plug-in hybrid electric vehicle (PH<strong>EV</strong>). PH<strong>EV</strong> is further classified in<strong>to</strong> parallel <strong>and</strong> series<br />
PH<strong>EV</strong>. Battery electric vehicles were estimated as the largest market <strong>and</strong> are expected <strong>to</strong> dominate<br />
over the forecast period. On the basis of charging station, the market is segregated in<strong>to</strong> three sec<strong>to</strong>rs<br />
including AC charging station, DC charging station, <strong>and</strong> inductive charging station. AC charging<br />
segment is expected <strong>to</strong> be the largest segment over the projected period. On the basis of connec<strong>to</strong>r<br />
type, the market is classified in<strong>to</strong> chademo, CCS <strong>and</strong> others. <strong>EV</strong> charging equipment is the market is<br />
segmented on the basis of location in<strong>to</strong> public <strong>and</strong> private locations.<br />
North America was estimated as the largest market for <strong>EV</strong> charging equipment market in 2015,<br />
followed by Asia-Pacific <strong>and</strong> Europe. Owing <strong>to</strong> the influx of plug-in vehicles <strong>and</strong> active involvement of<br />
deployment in the infrastructure for <strong>EV</strong> charging equipment’s, this market has witnessed significant<br />
growth in the market. However, Europe is expected <strong>to</strong> experience significant growth over the forecast<br />
period especially dem<strong>and</strong> from western European countries such as France. Germany <strong>and</strong> others.<br />
Asia-Pacific will be the fastest-growing market for <strong>EV</strong> charging equipment’s, as government initiatives<br />
for an adoption of electric vehicles due <strong>to</strong> growing environmental issues <strong>and</strong> incentives & subsidies<br />
are given by the government. The presence of powerhouses such as China, Japan, <strong>and</strong> India is<br />
expected <strong>to</strong> contribute <strong>to</strong> the growth of the market.<br />
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Some of the key players in the market are ABB Ltd., Ea<strong>to</strong>n Corporation PLC., Semaconnect Inc.,<br />
Aerovironment, Inc., Siemens AG, POD Point Ltd., Elektromotive Limited, Levi<strong>to</strong>n Manufacturing Co.,<br />
Inc., Delphi Au<strong>to</strong>motive PLC. , Tesla Mo<strong>to</strong>rs Inc., Schneider Electric SE , Chargepoint Inc., General<br />
Electric Company <strong>and</strong> others. Innovative designs <strong>and</strong> equipment are being introduced in the market,<br />
as the players are focusing on R&D activities for overcome st<strong>and</strong>ardization in <strong>EV</strong> charging. Some of<br />
the key players are also entering in<strong>to</strong> mergers & acquisitions, collaborations, <strong>and</strong> agreements <strong>to</strong><br />
strengthen their market position <strong>and</strong> enhance their market presence globally.
Growing use of the electric vehicles <strong>and</strong> production of low-cost <strong>EV</strong> charging equipment along with<br />
rising awareness of disadvantages pertaining <strong>to</strong> fuel based vehicles are the key trends that will be<br />
fuelling the growth of the market over the forecast period. The major companies such as ABB Ltd.,<br />
Ea<strong>to</strong>n Corporation PLC., Semaconnect Inc., Aerovironment, Inc., Siemens AG, POD Point Ltd.,<br />
Elektromotive Limited, Levi<strong>to</strong>n<br />
Manufacturing Co., Inc., Delphi Au<strong>to</strong>motive PLC. , Tesla Mo<strong>to</strong>rs Inc., Schneider Electric SE,<br />
Chargepoint Inc., <strong>and</strong> General Electric Company are expected <strong>to</strong> drive the market over the projected<br />
period due <strong>to</strong> their continuous efforts intended <strong>to</strong> design <strong>and</strong> emphasize on new product<br />
developments <strong>to</strong> produce low-cost <strong>EV</strong> charging equipment. This industry is expected <strong>to</strong> become<br />
highly competitive over the forecast period <strong>to</strong> owing <strong>to</strong> rising adoption of electric vehicles <strong>and</strong> rising<br />
awareness pertaining <strong>to</strong> advantages of electrical vehicles.<br />
<strong>Market</strong> Segment:<br />
Geographically, this report is segmented in<strong>to</strong> several key Regions, with production, consumption,<br />
revenue (million USD), market share <strong>and</strong> growth rate of <strong>EV</strong> <strong>Charging</strong> <strong>Equipment</strong> in these regions,<br />
from 2012 <strong>to</strong> <strong>2022</strong> (forecast), covering<br />
• North America<br />
• Europe<br />
• China<br />
• Japan<br />
• Southeast Asia<br />
• India<br />
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Global <strong>EV</strong> <strong>Charging</strong> <strong>Equipment</strong> market competition by <strong>to</strong>p manufacturers, with production, price,<br />
revenue (value) <strong>and</strong> market share for each manufacturer; the <strong>to</strong>p players including<br />
• Chargepoint
• ABB<br />
• Ea<strong>to</strong>n<br />
• Levi<strong>to</strong>n<br />
• Blink<br />
• Schneider<br />
• Siemens<br />
• General Electric<br />
• AeroVironment<br />
• Panasonic<br />
• Chargemaster…<br />
On the basis of product, this report displays the production, revenue, price, market share <strong>and</strong><br />
growth rate of each type, primarily split in<strong>to</strong><br />
• DC <strong>Charging</strong><br />
• AC <strong>Charging</strong><br />
On the basis on the end users/applications, this report focuses on the status <strong>and</strong> outlook for major<br />
applications/end users, consumption (sales), market share <strong>and</strong> growth rate of <strong>EV</strong> <strong>Charging</strong><br />
<strong>Equipment</strong> for each application, including<br />
• Residential <strong>Charging</strong><br />
• Public <strong>Charging</strong><br />
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https://www.millioninsights.com/industry-reports/electric-vehicle-ev-charging-equipmentmarket
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