Global Electric Vehicle Charging Stations Market–Trends, Insights and Forecast (2020-2027)

  • Publish Date
    October 30, 2021
  • No of Pages
    290
  • SKU Code
    GIR 6920
  • Format

Global Electric Vehicle Charging station Market – Overview

  • The report will cover the overall analysis and insights in relation to the size and growth rate of the “Global EV Charging station Market ” by various segments at a global and regional level for the 2014-2027 period, with 2014-2019 as historical data, 2020 as a base year, 2021 as an estimated year and 2021-2027 as forecast period.

Global Electric Vehicle Charging station Market – Introduction

  • An Electric Vehicle (EV) charging station is a device that connects an EV to a source of electricity, permitting electric cars, neighborhood EVs, and plug-in hybrids to be charged. Some charging stations offer advanced features like smart metering, cellular connectivity, and network connectivity, while others are simpler.
  • The EV industry is growing rapidly around the world, especially in China and the United States. The EV charging industry is a dynamic industry with a wide range of applications. Government initiatives of several countries around the world play a vital role in the development of vehicle charging stations. For instance, the central government of China has approved the development of fast-charging stations by national policies. Similarly, in the United States, the government plays a vital role by providing mandatory standards and funds to develop EV charging stations. However, in some countries/regions, there is still a shortage of commercial charging stations, which leads the consumers to rely only on the charging methods available at the workplaces and homes.
  • Additionally, the growing advancement in communication technologies such as real-time information on all-electric vehicle charging stations for smart connectivity will help to propel the market growth. However, the increasing number of electric cars may affect the functioning of the charging stations, such as the amount of power generation, the load level of the transformer, and the load curve.

Global Electric Vehicle Charging station Market Report Scope

  • The scope of the report covers the clear understanding and overview of the product.
  • Analysis of market trends in the region, with market data considering 2020 as the base year, 2021 as the estimate year and forecast for 2027 with projection of CAGR from 2021 to 2027.
  • The report covers discussion of economic trends and technology.
  • Market estimates represent revenue.
  • In-depth analysis of the market segmentation assists in determining the prevailing market scope.

Segments Covered in Global Electric Vehicle Charging station Market

  • The fast charger segment holds a significant share in the market. The segment fast charger will showcase an exponential growth owing to the charger’s ability to charge vehicles in the short period during the projected period. Moreover, its ability to protect car batteries while charging will favor market growth.
  • The slow/ moderate charger segment has low growth and low penetration in 2020. The slow/ moderate charger segment accounted for a 16.24% market share in 2020. The segment will show low growth during the projected period due to the high time required to charge EVs.
  • The residential application segment accounts for a significant electric vehicle charging stations market share and is projected to dominate the forecast period. This is attributable to the growing sales of EVs, coupled with the increasing number of charging infrastructure.
  • The commercial segment will showcase significant growth backed by the rising government funding to develop public charging stations in the forthcoming years.

Covid-19 Impact on the Global Electric Vehicle Charging station Market

  • The production and sales of new vehicles had come to a halt across the globe as the whole ecosystem had been disrupted in the initial outbreak of COVID 19. OEMs had to wait until lockdowns were lifted to resume production, which affected their businesses. Hence, vehicle manufacturers had to adjust the production volume. However, when it came to EV charging stations, their numbers grew at a faster rate compared to previous year as varioous countries are planning to speed up the EV usage and have increased investment in EV charging infrastructure. The automotive industry is highly capital-intensive and relies on frequent financing to continue operations. Thus, the production suspension during the outbreak and lower demand may have an unprecedented impact on electric vehicle sales. During the pandemic, the number of level 2 EV charging stations grew at a fast rate as many people adopted to semi-personal usage of ev charging points set up in their home garages, office areas etc.
  • Due to the COVID-19 pandemic, many countries had imposed a complete lockdown of more than two months, which, in turn, has impacted electric vehicle charging stations production. Manufacturing units around the world were shut down, and EV charging sales had taken a huge hit in the first two quarters of 2020. However, the majority of the automakers and EV charging providers resumed EV chargers production with limited production and necessary measures.
  • Although most OEMs did not report any major losses, there were few OEMs, which suffered from the outbreak. For instance, BYD’s profits fell by 85% in the first quarter of 2020. Similarly, companies like Tesla, ChargePoint, Shell, BP, ABB, Shneider electric, Siemens etc suffered losses in Q1 2020, however their EV charging business had recovered by Q3 2020 and kept growing since then. In the following months their EV charging stations business improved compared to the previous year.

Recent Developments in Global Electric Vehicle Charging station Market

  • In September 2020, Tesla acquired German ATW automation, which is a company specializing in battery modules.
  • In September 2020, Seimens received a supply contract to power E-Buses across New-Zealand.
  • In August 2020, BYD launched mobile charging service to enable customers to charge their EV’s on the go in emergency conditions.
  • In July 2020, ABB started construction of a USD 30 Million facility for construction of EV chargers for global demand in Netherlands.
  • In March 2020, BYD announced plans to expand into Brazil for EV charging stations and EV market.
  • In march 2020, ABB acquired Chinese EV charging provider, ChargeDot to strengthen its emobility portfolio.
  • In October 2019, Shell introduced its business hub for companies which require swiching or scaling up e-mobility.
  • In September 2019, ChargePoint launched HomeFlex charger (50amp).
  • In March 2019, Tesla launched the 3rd generation supercharger.
  • In September 2018, ABB launched a new AC Wallbox for low cost EV charging for businesses and private use.
  • In April 2018, Siemens made a supply contract to supply EV chargers for Ebuses in Denmark.
  • In December 2017, Chargepoint introduced Vallet view, a feature to see real time charging status.

Key Market Players in Global Electric Vehicle Charging station Market

  • The major players in the Global Electric Vehicle Charging station Market are ABB Ltd.; AeroVironment, Inc.; Alfen N.V.; Allego; Blink Charging Co.; ChargePoint, Inc.; ClipperCreek, Inc.; EFACEC Group; ENGIE Group; EVgo Services LLC.; Leviton Manufacturing Co., Inc.; Schneider Electric SA; SemaConnect Inc.; Siemens AG; Tesla, Inc.; TGOOD Global Limited and Others.
  • Also, the Global Electric Vehicle Charging station Market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

Objectives of the Global Electric Vehicle Charging station Market

  • To provide detailed information regarding drivers, restraints, opportunities and challenges are influencing the growth in the Global Electric Vehicle Charging station Market.
  • To analyze the competitive intelligence of players based on company profiles and their key growth strategies.
  • To strategically analyze micro markets with respect to the individual growth trends, their prospects, and their contribution to the total Global Electric Vehicle Charging station Market.
  • To analyze competitive developments such as expansions, and product launches, along with research & development (R&D) activities undertaken in the Global Electric Vehicle Charging station Market.
  • A unique model is created customized for each study also offers suggestions that help enterprises to identify and mitigate risks.

Note

  • Global Industry Reports will also support you post-purchase for a period of 6 months to answer any of your queries related to the following market and to provide you any more data if you need, for your analysis.
  • Also, you can buy some selected Chapters from the report.

GLOBAL ELECTRIC VEHICLE CHARGING STATION MARKET – INTRODUCTION

Global Electric Vehicle Charging Station Market – Objectives Of The Study

Global Electric Vehicle Charging Station Market Definition

Global Electric Vehicle Charging Station Market Scope

Global Electric Vehicle Charging Station Market Stakeholders

Global Electric Vehicle Charging Station Market Limitations

Summary of changes in Global Electric Vehicle Charging Station Market

RESEARCH METHODOLOGY

Research data

Secondary data

Primary data

Global Electric Vehicle Charging Station Market Size Estimation

Global Electric Vehicle Charging Station Market Breakdown & Data Triangulation

Global Electric Vehicle Charging Station Market Share Analysis

Global Electric Vehicle Charging Station Market Risk assessment/limitations

Assessment Of The Impact Of Covid-19 On The Global Electric Vehicle Charging Station Market

GLOBAL ELECTRIC VEHICLE CHARGING STATION MARKET – EXECUTIVE SUMMARY

GLOBAL ELECTRIC VEHICLE CHARGING STATION MARKET OUTLOOK / MARKET OVERVIEW

Global Electric Vehicle Charging Station Market – Introduction

Global Electric Vehicle Charging Station Market Dynamics

Global Electric Vehicle Charging Station Market Drivers

Rising EV sales worldwide

Government policies and subsidies

Environmental pollution treated as an alarming issue

Increasing vehicle range per charge

Countries

Global Electric Vehicle Charging Station Market restraints

Lack of standardization in charging infrastructure

Primitive power grid infrastructure

Global Electric Vehicle Charging Station Market Opportunities

Use of Vehicle-To-Grid (V2G) EV charging stations for electric vehicles

EV charging stations powered by renewable sources

Global Electric Vehicle Charging Station Market Challenges

High initial cost of EVs in comparison to ICE vehicles

Stringent rules for the installation of charging stations

Porters Five Force Model

Moderate-to-high bargaining power of suppliers
Moderate-to-high threat of new entrants
Moderate threat of substitutes
High-to-moderate intensity of rivalry
Moderate bargaining power of buyers

GLOBAL ELECTRIC VEHICLE CHARGING STATION MARKET INDUSTRY INSIGHTS

Introduction

Industry trends

Strategic benchmarking

Pricing analysis

Value chain analysis

Ecosystem analysis

Patent analysis

Trade analysis

IMPACT OF COVID-19 ON THE GLOBAL ELECTRIC VEHICLE CHARGING STATION MARKET

GLOBAL ELECTRIC VEHICLE CHARGING STATION MARKET, BY ELECTRIC BUS CHARGING

Off-board top-down pantograph

On-board bottom-up pantograph

Charging via connector

GLOBAL ELECTRIC VEHICLE CHARGING STATION MARKET, BY APPLICATION

Private

Public

GLOBAL ELECTRIC VEHICLE CHARGING STATION MARKET, BY CHARGING INFRASTRUCTURE TYPE

CCS

CHADEMO

Normal Charge

Tesla Super Charger

Type 2 (IEC 621196)

GLOBAL ELECTRIC VEHICLE CHARGING STATION MARKET, BY LEVEL OF CHARGING TYPE

Level 1

Level 2

Level 3

GLOBAL ELECTRIC VEHICLE CHARGING STATION MARKET, BY CHARGING POINT TYPE

Normal Charging

Super Charging

Inductive Charging

GLOBAL ELECTRIC VEHICLE CHARGING STATION MARKET, BY DC FAST CHARGING TYPE

Fast

Ultra Fast

GLOBAL ELECTRIC VEHICLE CHARGING STATION MARKET, BY INSTALLATION TYPE

Portable Charger

Fixed Charger

GLOBAL ELECTRIC VEHICLE CHARGING STATION MARKET, BY GEOGRAPHY

Overview

North America

U.S.

Canada

Mexico

Europe

Germany

U.K.

France

Rest of Europe

Asia Pacific

China

Japan

India

Rest of Asia Pacific

Rest of the World

Latin America

Middle East & Africa

GLOBAL ELECTRIC VEHICLE CHARGING STATION MARKET – COMPETITIVE LANDSCAPE

Introduction

Footprint analysis of the top players in the global electric vehicle charging station market

Product & service portfolio matrix

Market share analysis

Company evaluation quadrant

Company evaluation quadrant for start-ups/smes

Competitive scenario

GLOBAL ELECTRIC VEHICLE CHARGING STATION MARKET – COMPANY PROFILES

(Business overview, Products & services offered, Recent Developments, Competitive analysis, SWOT Analysis,)

  1. ABB Ltd.
  2. AeroVironment, Inc.
  3. Alfen N.V.
  4. Allego
  5. Blink Charging Co.
  6. ChargePoint, Inc.
  7. ClipperCreek, Inc.
  8. EFACEC Group
  9. ENGIE Group
  10. EVgo Services LLC.
  11. Leviton Manufacturing Co., Inc.
  12. Schneider Electric SA
  13. SemaConnect Inc.
  14. Siemens AG
  15. Tesla, Inc.
  16. TGOOD Global Limited
  17. Others 75.

APPENDIX

Discussion guide

Available customizations

Related reports

Methodology

Research Methodology is the process used to collect information and data for the purpose of making business decisions. The success of a research project is entirely dependent on the research methodology adopted by the company. Research Methodology and Scope We have implemented a mix of primary and secondary research for our market estimate and forecast. Secondary research formed the initial phase of our study, where we conducted extensive data mining, referring to verified data sources such as independent studies, company annual reports, white papers, case studies, government and regulatory published articles, technical journals, magazines, and paid data sources. It was also used to obtain important information about the key players and market classification & segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives. A database of the key industry leaders was also prepared using secondary research.

In the primary research process, various primary sources from both supply and demand sides have been interviewed to obtain qualitative and quantitative information important for respective regions. The primary sources from the supply side included industry experts such as CEOs, VPs, marketing directors, technology and innovation directors, and related executives from key companies and organizations operating in the respective regions. The primary data has been collected through questionnaires, e-mails, and telephonic interviews, end-user surveys, consumer surveys, technology distributors and wholesaler’s surveys.

  • Quantitative methods (e.g. surveys) are best for measuring, ranking, categorizing, identifying patterns and making generalizations
  • Qualitative methods (e.g. interviews) are best for describing, interpreting, contextualizing, and gaining in-depth insight into specific concepts or phenomena
  • Mixed methods allow for a combination of numerical measurement and in-depth exploration.

Market drivers and restraints, along with their current and expected impacts, technological scenario and expected developments, end-use industry trends and dynamics  and consumer behavior trends  these forecasting parameters were considered.

Ethical approach, attention to detail, consistency, latest trend in the market and highly authentic source these are benefits of company’s research methodology.

Global Industry Reports

Market size estimation methodology top-down and bottom-up approaches

Both top-down and bottom-up approaches have been used to estimate and validate the total size of the virtual reality market. These methods have also been extensively used to estimate the sizes of various market subsegments. Estimating the size of the market in each region by adding the sizes of country-wise markets and tracking the ongoing and upcoming implementation of virtual reality projects by various companies in each region and forecasting the size of the virtual reality market based on these developments and other critical parameters, including COVID-19 related impacts

Data Triangulation

After arriving at the overall market size—using the market size estimation processes explained above—the market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. It provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, company profiles, key player strategies competitive developments and key developments) influencing the virtual reality market growth.

Statistical Model

Our market estimates and forecasts are derived through simulation models. A unique model is created customized for each study. Gathered information for market dynamics, technology landscape, application development and pricing trends is fed into the model and analyzed simultaneously. These factors are studied on a comparative basis, and their impact over the forecast period is quantified with the help of correlation, regression and time series analysis.

Frequently Asked Questions ?

Companies such as ChargePoint, BYD, Tesla, Shell, Blink Charging, ABB, BP, engie, Schneider electric, EVgo etc. fall under the winners’ category. These companies have been competing for developing advanced and innovative electric scooters and motorcycles. With advanced R&D facilities, large production capacities, and strong distribution networks (geographical presence), these companies have managed to stay ahead of other companies.

In the initial phase, the EV charging station manufacturers were badly affected with losses visible in companies like BYD, Tesla, Shell, ChargePoint, ABB, BP, Schneider Electric etc. specially in the first quarter of 2020. These companies recovered their sales of EV charging stations by end of 3rd quarter 2020 and went beyond previous years sale. Hence, even though due to lockdowns, the business was affected in the early stage, due to steps taken by manufacturers and growing demand for EV in market, the charging stations business recovered quite fast and outperformed previous years data.

Battery swapping, IOT in charging infrastructure, Ultra fast charging, flash charging and smart charging systems are the key market trends or technologies which will have a major impact on the electric vehicle charging station market in the future.

As of 2020, most electric vehicle charging stations are offered with different types of plugs like CCS, CHAdeMO, Type-2, Tesla SC, Normal Charger . US and European countries mostly use CCS for fast chargers, while Japan and China use CHAdeMO for their fast chargers. Normal chargers, Type 2 are used for Level 1, Level 2 chargers while Tesla uses its own Tesla SC plug. Different types of chargers are thus needed for different purposes and different vehicle models. .

 

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