Electric vehicle charging stations is the
infrastructural element that provides energy for recharging the electric
vehicle (EV). The installation of charging outlet is continuously growing and
is expected to grow exponentially in the coming decade. Increasing sales of
EV, government regulations on greenhouse gases, government incentives and tax
rebates on charging station installations are attributed
to be the major drivers for the market growth. At the global level, almost all
the countries have their own futuristic models for electric vehicle and
charging installations. Such optimistic view towards the market is anticipated
to fuel the market in the coming years. However high cost associated with the
equipment and its installation is enormously hampering the market growth of
Electric vehicle charging station. The impact of this restraint is expected to
be high during the forecast period (2018-2025). Meanwhile, countries such as India, Brazil, and
South Korea among others, which are developing rapidly on the technological
front, are anticipated to be the key growth areas in this
industry.
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“Rise in support by the
governmental bodies and the ease in usage of the public charging outlets are
propelling the growth of the public electric vehicle charging stations market”
Electric vehicle charging outlets market is
segmented on the basis of deployment type i.e. public or private (home,
commercial building, shopping malls, private parking spaces etc.) charging
outlets. Among these two types of charging outlets, public charging outlets
dominated the market in 2017 and is expected to maintain its dominance during
the forecasted period. In the coming years, both the segments are anticipated
to grow, however the public application is expected to growth at a higher pace
than the private applications. Factors such as rise in support by the
governmental bodies and the ease in usage of the public charging outlets are
propelling the growth of the public electric vehicle charging stations market.
Based on efficiency of charging the Public and private charging outlets are
bifurcated into slow and fast chargers. Low cost of the equipment and its
installation are the primary factors behind the major share of slow chargers.
However fast chargers take less time compared to slow chargers to completely
charge the electric vehicle.
“Low installation and
equipment cost of level 2 charger help them to gain more momentum compared to
level 3 chargers in the electric vehicle charging stations market”
The market is further
segmented based on the level of charging including Level 1 (0-120 Volt, 15
Amps), Level 2 (121-240 volts, 30 Amps), Level 3 (241 volts & above, 100
Amps). Level 1 and Level 2 chargers are slow chargers, wherein Level 3 are the
DC fast chargers. Level 2 chargers dominated the market as these chargers are
deployed in both home and public placed such as commercial building, shopping
malls, private parking spaces etc. In addition, low cost of installing level 2
charger also help the market to gain more momentum compared to level 3 chargers.
On the basis of mode of charging, the market is segmented into plug in and
wireless chargers. In 2017, plug in chargers dominated to market with more than
90% share, followed by wireless. However, wireless chargers are expected to
witness highest CAGR growth during the forecasted period.
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“Owing to the
tremendous sale of EVs in China, Asia Pacific held the largest share in electric
vehicle charging stations market”
Electric Vehicle Charging Outlets market is
further segmented across several geographical regions to provide a better
picture of the industry. This segment includes regions such as North America,
Europe, Asia Pacific, and rest of the world. These regions are further analyzed
on the country level to understand the penetration of electric vehicle and
charging infrastructure in the country. Owing to the tremendous sale of EVs in
China, Asia Pacific held the largest share in electric vehicle charging outlets
market. In addition, China is registered
as the maximum revenue generator in 2017, the country also planned to deploy 5
million EVs on road by 2020. Hence the growing number of EVs in Asia
Pacific is driving the market for charging outlets in the region.
Competitive Landscape-Top 10 Market Players
Some of the key players profiled in the global electric
vehicle charging outlets market report are BYD Company Ltd, ChargePoint Inc.,
Eaton Corporation, EV BOX, Evgo, Fortum, General Electric Company, Schneider
Electric SE, Tesla Inc. and The New Motion. These players are adopting several
market strategies, such as merger, acquisition, and collaboration, among others
to strengthen their foothold in the industry.
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Reasons to buy:
Historical and forecasted market volume
validated through primary and secondary sources
In depth analysis of prominent industry peers with primary
focus on key business financials, product portfolio, expansion strategies, SWOT
analysis and recent developments
Examination on drivers, restraints, key trends and
opportunities prevailing in the industry
Regulatory scenario, programs, investments and initiatives
for EV charging outlets present in different countries & region
Examination of industry attractiveness with the help of
Porter’s Five Forces analysis
Comprehensive coverage of the market across different
market segments
Deep dive country level analysis of the industry
The Global electric vehicle charging stations market can be customized to
regional/country level or any other market segment. Besides this, UMI
understands that you may have your own business need, please connect with our
analyst, who will ensure you get a report that suits your needs.
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