EV Charging Equipment Market Report 2019-2026 | ABB Ltd, Robert Bosch GmbH, Schneider Electric SE, Tesla Motors Inc.
EV Charging Equipment Introduction
EV charging equipment is an element which supplies electricity for the recharging of the electric vehicles including electric cars, plug-in hybrids, and neighborhood electric vehicles. EV charging equipment is also known as EV supply equipment. EV charging equipment is extensively used to charge battery electric vehicle and plug-in hybrid electric vehicle.
Scope of EV Charging Equipment Market
This report studies the EV Charging Equipment market from the perspectives of enterprises, regions, product types and terminal industries, and forecasts the market through the analysis of the status quo. In this study, 2018 has been considered as the base year and 2019 to 2026 as the forecast period to estimate the market size for EV Charging Equipment.
The global EV Charging Equipmentmarket size is valued at USD 253,617 million in 2019 and is projected to reach USD 1,189,836 million by 2026, witnessing a CAGR of 24.71% throughout the forecast period.
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The increase in the use of electric vehicles will lead to a rise in the use of electric vehicle charging equipment. National and international policy frameworks, aiming to support the deployment of Electric Vehicle Supply Equipment, are also driving the EV charging equipment market growth. Countries, such as China, France, Korea, and the Netherlands, among others, are some of the key nations developing their EV charging infrastructure through various policy supports. Furthermore, heavy investments from the automotive industry players in electrical vehicles are creating an avenue for the EV charging equipment growth. On the other hand, the short range of vehicles and high prices of electric vehicles along with the lack of standardization in EC charging is restraining the growth of the market over recent years.
Currently, there are many manufacturers in the market. Key global participants in the EV Charging Equipment market include ABB Ltd, Robert Bosch GmbH, Schneider Electric SE, Tesla Motors Inc., AEROVIRONMENT, Inc, CHARGEMASTER Plc, Clippercreek, Inc., DBT SA, ENGIE SA, FORTUM Oyj, SIEMENS AG, LEVITON MANUFACTURING Co., and etc. To grab more market, main companies have to increase the technology innovation and speed up the product upgrading. In the future, the EV charging equipment market will be a market of fierce competition.
As of 2018, North America dominated the EV charging equipment market, followed by Europe and Asia-Pacific, possessing the market share of 39.62%, 31.05%, and 26.14% respectively. Owing to the influx of plug-in vehicles and the active participation deployed in the electric vehicle charging equipment infrastructure, the North American market has witnessed significant growth. However, Europe is predicted to experience significant growth over the forecast period especially demand from western European countries such as France, Germany, and others.
The growth in Asia-Pacific region 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, the country surpassed the United States in the number of EV vehicles on road. Rapid urbanization and increase in the purchasing power among people, across the countries in Asia-Pacific, are expected to further propel the growth of the EV charging equipment market, during the forecast period.
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On the basis of type, the market comprises of DC Charging, AC Charging, Wireless, Networking, and Other.
By application, the EV Charging Equipment market is segmented into Residential Charging, Public Charging, and Other.
Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of EV Charging Equipment Market
2 Market Trends and Competitive Landscape
3 Segmentation of EV Charging Equipment Market by Types
4 Segmentation of EV Charging Equipment Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of EV Charging Equipment Market in Major Countries
7 North America EV Charging Equipment Landscape Analysis
8 Europe EV Charging Equipment Landscape Analysis
9 Asia Pacific EV Charging Equipment Landscape Analysis
10 Latin America, Middle East & Africa EV Charging Equipment Landscape Analysis
11 Major Players Profile
11.1 ABB Ltd
11.1.1 ABB Ltd Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 Robert Bosch GmbH
11.3 Schneider Electric SE
11.4 Tesla Motors Inc.
11.5 AEROVIRONMENT, Inc
11.6 CHARGEMASTER Plc
11.7 Clippercreek, Inc.
11.8 DBT SA
11.9 ENGIE SA
11.10 FORTUM Oyj
11.11 SIEMENS AG
11.12 LEVITON MANUFACTURING Co.
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EV Charging Equipment manufacturers
Distributors and resellers of EV Charging Equipment
EV Charging Equipment industry associations
Product managers, EV Charging Equipment industry administrator, C-level executives of the industries
Market research and consulting firms
EV Charging Equipment potential investors
EV Charging Equipment end-user sectors
Small and Medium-sized Enterprises (SMEs)
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