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Electric Vehicle Supply Equipment (ESVE) Market Research Report 2020-2025

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Research and Markets

Apr 16, 2020, 10:00 ET

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DUBLIN, April 16, 2020 /PRNewswire/ -- The "Electric Vehicle Supply Equipment Market Research Report: By Type, Application - Industry Size, Share and Demand Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The electric vehicle supply equipment (EVSE) market is predicted to witness a 10.7% CAGR during the forecast period (2020-2025) to see an increase in its revenue to $2.7 billion in 2025, from $1.5 billion in 2019.

The market is being positively impacted by the increasing sale of electric vehicles, investments being poured in by manufacturers, and government support for installing such charging stations.

Based on type, the EVSE market is bifurcated into direct current (DC) and alternating current (AC) chargers. Of these, AC chargers held the larger share during the historical period (2014-2019), as they are cost-effective in their operation, installation, and manufacturing. During the forecast period, DC chargers will witness swifter growth, owing to their faster charging ability, which is also why they are mostly installed along highways, rather than at homes.

The installation of DC fast chargers is itself a key trend being witnessed in the market. Apart from their quick charging ability, they eliminate the need for having an AC-to-DC convertor on-board the vehicle, as they are themselves capable of performing the electricity conversion. Due to the concerns regarding the longer time taken by AC chargers, the installation of DC variants is increasing. For instance, during 2017-2018, the share of DC chargers in the total number of chargers in China rose from 24% to 36%.

The two bifurcations under the application segment are private and public, of which private chargers dominated the EVSE market in 2019. This is because of the rapid adoption of EVSE at the homes of individual EV owners, primarily in China. As such vehicles require a long charging time, people prefer to energize their batteries comfortably in their homes. During the forecast period, faster progress would be witnessed by the public bifurcation, as governments in numerous countries are taking initiatives to develop the EV charging infrastructure for public use.

The major driving factor for the EVSE market growth is the rapid adoption of EVs, which is resulting in the increasing need for electricity supply infrastructure. With the air pollution levels increasing due to the burning of fossil fuels in conventional vehicles, electric variants are being promoted in numerous nations. The International Energy Agency reports a 2 million surge in EV sales, which crossed the 5 million mark in 2018. These sales are further expected to grow at a rate of 30% in the coming years, thereby boosting EVSE deployment.

The government of several countries are taking efforts to install EV charging stations. For instance, the South Korean government has targeted the deployment of 10,000 fast chargers by 2022. Similarly, India has plans to install 2,700 charging stations by 2023, in cities with more than 4 million residents. In the same vein, Canada sanctioned $4.6 million in 2019 for the installation of 92 DC chargers, while the Californian government has proposed a funding of $900 million for the deployment of 250,000 charging points by 2025.

Geographically, Asia-Pacific (APAC) was the largest EVSE market in 2019, as it accounts for the highest sale of EVs and installation of supporting infrastructure, led by China. As per the Electric Vehicle Charging Infrastructure Promotion Agency (EVCIPA), China had 330,000 EV supply stations in 2019, in comparison to the 67,500 in the U.S, in 2018-end.

Apart from the extreme air pollution levels and government efforts to reduce them, the decreasing cost of ownership is also responsible for this. Hence, with the growing adoption of EVs, the demand for equipment to supply electricity will keep increasing.

Key Topics Covered

Chapter 1. Research Background

Chapter 2. Research Methodology

Chapter 3. Executive Summary

Chapter 4. Introduction
4.1 Definition of Market Segments
4.1.1 By Type
4.1.1.1 AC
4.1.1.1.1 Level 1
4.1.1.1.2 Level 2
4.1.1.2 DC
4.1.1.2.1 CHAdeMO
4.1.1.2.2 CCS
4.1.1.2.3 GB/T
4.1.1.2.4 Tesla SC
4.1.1.2.5 Others
4.1.2 By Application
4.1.2.1 Public
4.1.2.2 Private
4.2 Value Chain Analysis
4.3 Market Dynamics
4.3.1 Trends
4.3.1.1 Increasing Penetration of DC Fast Chargers
4.3.2 Drivers
4.3.2.1 Increasing Demand for Electric Vehicles Globally
4.3.2.2 Government Push for Deploying Charging Stations
4.3.2.3 Huge Investments from Manufacturers
4.3.2.4 Impact Analysis of Drivers on Market Forecast
4.3.3 Restraints
4.3.3.1 High Installation Cost of DC Charging Station
4.3.3.2 Lack of Standardization
4.3.3.3 Impact Analysis of Restraints on Market Forecast
4.3.4 Opportunities
4.3.4.1 Development of V2G Technology
4.4 Porter's Five Forces Analysis

Chapter 5. Technological Trends in Global EVSE Market
5.1 Ultra-Fast Charging of EV
5.2 Wireless Electric Vehicle Charging System (WEVCS)
5.2.1 Static Wireless Charging System (SWCS)
5.2.2 Dynamic Wireless Charging System (DWCS)
5.3 RFID Card
5.4 Battery Switch Station/Battery Swapping
5.5 V2G

Chapter 6. Regulatory Landscape
6.1 North America
6.1.1 U.S.
6.1.2 Canada
6.2 Europe
6.2.1 Germany
6.2.2 U.K.
6.2.3 France
6.2.4 Netherlands
6.2.5 Norway
6.3 APAC
6.3.1 China
6.3.2 Japan
6.3.3 India
6.3.3.1 Minimum Requirement for PCI
6.3.3.2 PCI for Long-Distance and Heavy-Duty Electric Vehicles
6.3.3.3 Location of Public Charging Stations
6.3.3.4 Priority for Rollout of Electric Vehicle PCI
6.3.4 Australia
6.4 LAMEA
6.4.1 Brazil
6.4.2 Mexico
6.4.3 UAE
6.4.4 South Africa

Chapter 7. EVSE Business Model
7.1 Electric Vehicle Charging Business Model
7.1.1 By Type
7.1.1.1 Free Charging Business Model
7.1.1.2 Tariff-Based Charging Business Model
7.1.2 By Country
7.1.2.1 Finland
7.1.2.2 Japan
7.1.2.2.1 Pay Per Click Model
7.1.2.2.2 Subscription Model
7.1.2.3 China
7.2 Electric Vehicle Charging as a Service (CaaS) Model

Chapter 8. Global Market Size and Forecast
8.1 By Type
8.1.1 AC Charger Market, by Type
8.1.2 DC Charger Market, by Connector
8.2 By Application
8.3 By Region

Chapter 9. North America Market Size and Forecast

Chapter 10. Europe Market Size and Forecast

Chapter 11. APAC Market Size and Forecast

Chapter 12. LAMEA Market Size and Forecast


Chapter 13. Competitive Landscape
13.1 List of Major Players and Their Offerings
13.2 Market Share Analysis of Key Players
13.3 Competitive Benchmarking of Key Players
13.4 Strategic Developments of Key Players
13.4.1 Product Launches
13.4.2 Partnerships
13.4.3 Client Wins
13.4.4 Other Developments

Chapter 14. Company Profiles
14.1 Leviton Manufacturing Co. Inc.
14.1.1 Business Overview
14.1.2 Product and Service Offerings
14.2 Webasto Charging Systems Inc. (Webasto)
14.3 Chargemaster Ltd.
14.4 ChargePoint Inc.
14.5 Efacec Electric Mobility S.A.
14.6 Blink Charging Co.
14.7 Schneider Electric SE
14.8 ABB Ltd.
14.9 Tesla Inc.
14.10 BYD Co. Ltd.
14.11 Eaton Corporation plc

For more information about this report visit https://www.researchandmarkets.com/r/f8v7kw

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.


Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]   

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