DUBLIN–(BUSINESS WIRE)–The “Electric
Vehicle Supply Equipment Market by Charging Level, Application, Charging
Infrastructure, Electric Bus Charging, Installation, Charging Station,
and Region – Global Forecast to 2027” report has been added to ResearchAndMarkets.com’s
offering.
The Global Electric Vehicle Supply Equipment Market is
Estimated to Grow from USD 2.54 Billion in 2019 to Reach USD 27.61
Billion by 2027, at a CAGR of 34.7%
Increased emphasis on reduction in carbon emissions is expected to boost
the market. However, high overhaul and maintenance costs for charging
infrastructure can create a hurdle for its growth.
The installation cost of charging infrastructure and
efficiency of vehicles is likely to propel the growth of portable
chargers during the forecast period
The portable charger segment is expected to be the fastest growing
market. With portable chargers, EV drivers could carry the charger with
them and charge the car whenever needed. In addition, a portable charger
eliminates the need to develop charging infrastructure for installing a
stationary charging station. Initially, portable chargers were
introduced as small and light chargers that could generate sufficient
power for short journeys. However, new advanced portable chargers are
expected to generate the same power as stationary charging stations.
The North American market is expected to register the
fastest growth during the forecast period
The North American market is expected to witness the fastest growth,
followed by Europe and the Asia Pacific. The electric vehicle supply
equipment industry in the country is inclined toward innovation,
technology, and development of advanced charging infrastructure. The
increasing demand for reducing carbon emission and developing more
advanced and fast charging stations are expected to propel the growth.
Tesla, Leviton, and ChargePoint are some of the key players in the US
electric vehicle supply equipment industry.
The Asia Pacific is expected to be the largest market during
the forecast period
The Asia Pacific is expected to be the largest market, followed by
Europe. The increasing concerns of carbon emission due to existing
vehicles and efficiency in this mode of transport have led the
authorities to develop a charging infrastructure network that has
propelled the growth of this market. Government initiatives have
encouraged the key players to develop the infrastructure for charging
network.
The electric vehicle supply equipment market is dominated by globally
established players such as Tesla (US), ABB (Switzerland), Siemens
(Germany), and Bosch (Germany).
Global Electric Vehicle Supply Equipment Market
-
Electric Vehicle Supply Equipment Market, By Charging Station and
Application - Electric Vehicle Supply Equipment Market, By Charging Station
- Electric Vehicle Supply Equipment Market, By Charging Infrastructure
- Electric Vehicle Supply Equipment Market, By Level of Charging
- Electric Vehicle Supply Equipment Market, By Application
- Electric Vehicle Supply Equipment Market, By Installation
Market Dynamics
Drivers
- Heavy Investments From Automakers in EVs
- Government Policies and Subsidies
- Environmental Pollution Treated as an Alarming Issue
- Demand for Increasing Vehicle Range Per Charge
Restraints
- Lack of Standardization in Charging Infrastructure
Opportunities
- Use of Vehicle-To-Grid (V2G) EV Charging Stations for Electric Vehicles
- EV Charging Stations Powered By Renewable Sources
Challenges
- High Initial Cost of EVs in Comparison With Ice Vehicles
- Stringent Rules for Installation of Charging Stations
Company Profiles
Key Players
- Tesla
- BYD Auto
- Yazaki
- Schneider Electric
- Bosch
- ABB
- Siemens
- Efacec Power Solutions
- Engie
- Mitsubishi Electric
- Leviton
Other Key Players
North America
- Blink Charging
- Clippercreek
- Semaconnect
- Webasto
- Opconnect
- EVgo
- Volta
- EV Safe Charge
- Chargepoint
- Pulse Charge
Europe
- New Motion B.V
- Alfen
- Allego
- Ionity
- Wallbox
- Heliox
- Spark Horizon
- Bp Chargemaster
- Pod Point
- EcoG
Asia Pacific
- Tgood
- Delta
For more information about this report visit https://www.researchandmarkets.com/r/funio8
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Related
Topics: Electric
and Hybrid Vehicles
