Electric Vehicle Supply Equipment Market Worth $104.3 Billion By 2025 | AeroVironment Inc.; ABB Ltd.; ChargePoint, Inc.; ClipperCreek, Inc.; Chargemaster PLC

Electric Vehicle Supply Equipment Market Worth $104.3 Billion By 2025 | AeroVironment Inc.; ABB Ltd.; ChargePoint, Inc.; ClipperCreek, Inc.; Chargemaster PLC

“Grand View Research, Inc. – Market Research And Consulting.”
According to report published by Grand View Research, The electric vehicle supply equipment market is driven by development of charging equipment and infrastructure at various highway and destination locations such as hotels, shopping malls, and national parks.

The global electric vehicle supply equipment market size is expected to reach USD 104.3 billion by 2025, registering a CAGR of 33.1% from 2019 to 2025, according to a new report by Grand View Research, Inc. The market is driven by development of charging equipment and infrastructure at various highway and destination locations such as hotels, shopping malls, and national parks. Growing demand for electric vehicle charging equipment is prompting manufacturers of charging equipment to innovate and launch new products. For instance, in 2017 Qualcomm Incorporated designedand built a wireless Dynamic Electric Vehicle Charger (DEVC) system capable of charging an electric vehicle (EV) dynamically at up to 20 kW at highway speeds (100 km/h).

Growing adoption of EVSE among logistics operators and FMCG manufacturers such as FedEx and Frito-Lay North America, Inc. is expected to drive demand over the forecast period. Frito-Lay North America, Inc. has installed charging stations at the Bronx, Albany, Rochester, Buffalo, and New Paltz. Moreover, various government agencies are providing funding to logistics companies for development of fleet charging stations. Besides this, increasing adoption of electric cars for shared electric mobility and development of autonomous electric cars is expected to drive the demand for EVSE for fleet charging.

Falling prices of lithium-ion batteries are expected to provide ample opportunities to electric vehicle manufacturers and in turn, drive the demand for EVSE. For instance, in March 2018, United Parcel Service (UPS) increased the number of electric vehicles in its fleet in London from 65 to 170 under the ‘Onsite Energy Storage Batteries’ initiative. The move is supported by a smart-grid charging technology developed under the ‘Smart Electric Urban Logistics (SEUL)’ project in partnership with Cross River Partnership and UK Power Networks. UPS envisages reducing its delivery costs and carbon emissions associated with its fleet of vehicles. These initiatives are expected to drive the demand for EVSE over the next few years.

Get Details For “Sample Report, TOC, Segmentation & Methodology of Electric Vehicle Supply Equipment Market” Click Link Below:

https://www.grandviewresearch.com/industry-analysis/electric-vehicle-supply-equipment-market

U.S. Electric Vehicle Supply Equipment (EVSE) market size, by power type, 2014-2025 (USD Million)

Further key findings from the report suggest:

  • The DC power segment is anticipated to register the fastest growth over the forecast period as a result of ongoing investments by governments in countries such as U.S., Germany, and France for the development of sustainable electric highways

  • The EV charging kiosk segment is expected to exhibit a high CAGR over the forecast period as a result of technological developments such as Near-Field Communication (NFC) and Radio Frequency Identification (RFID) for digital payments at EV charging stations

  • The super charging segment is expected grow significantly over the forecast period owing to rising emphasis of governments on setting up charging stations for e-buses

  • The destination charging application segment is expected to expand at a rapid pace over the coming years as a result of growing focus of automotive manufacturers for the development of electric vehicle charging stations at hotels, shopping malls, and resorts

  • Key players in market are AeroVironment Inc.; ABB Ltd.; ChargePoint, Inc.; ClipperCreek, Inc.; Chargemaster PLC; Eaton Corporation; Leviton Manufacturing Co., Inc.; Leviton Manufacturing Co., Inc.; Leviton Manufacturing Co., Inc.; and Siemens.

Would you Like to Take a Look On “Sample Report” of Electric Vehicle Supply Equipment Market Click the Link Below:

https://www.grandviewresearch.com/industry-analysis/electric-vehicle-supply-equipment-market/request/rs1

Europe Electric Vehicle Supply Equipment (EVSE) market share, by application, 2018 (%)

 

Charging Station Type

Based on charging station type, the market has been segmented into normal charging, super charging, and inductive charging. The normal charging segment dominated the market in 2018 as a result of the introduction of favorable government initiatives for development of public charging infrastructure across cities such as Amsterdam, Melbourne, and Beijing. Furthermore, there has been a significant rise in the demand for vehicles equipped with onboard charging stations that use AC voltage for charging vehicles. Additionally, growing demand for electric vehicles used for shorter commutes and those that require few hours of daily charging is driving the segment.

The inductive charging segment is projected to exhibit the highest CAGR over the forecast period owing to ongoing research and development activities in the field of wireless charging technologies. Additionally, adoption of driverless, ridesharing, electric vehicles that are expected to use inductive charging technology in the coming years are is expected to drive the inductive charging segment. However, concerns related to inductive fast-chargers, such as induction loss, are expected to challenge segment growth.

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Grand View Research has segmented the global Electric Vehicle Supply Equipment market based on power type, product, charging station type, application, and region:

EVSE Power Type Outlook (Volume, Units; Revenue, USD Million, 2014 – 2025)

  • AC Power

    • Level 1

    • Level 2

    • Level 3

  • DC Power

    • Level 1

    • Level 2

    • Level 3

EVSE Product Outlook (Volume, Units; Revenue, USD Million, 2014 – 2025)

  • Portable Charger

  • EV Charging Kiosk

  • Onboard Charging Station

  • Others

EVSE Charging Station Type Outlook (Volume, Units; Revenue, USD Million, 2014 – 2025)

  • Normal Charging

  • Super Charging

  • Inductive Charging

EVSE Application Outlook (Volume, Units; Revenue, USD Million, 2014 – 2025)

  • Commercial

    • Destination Charging Station

    • Highway Charging Station

    • Bus Charging Station

    • Fleet Charging Station

    • Others

  • Residential

EVSE Regional Outlook (Volume, Units; Revenue, USD Million, 2014 – 2025)

  • North America

    • U.S.

    •  Canada

  • Europe

    • Netherlands

    • U.K.

    • France

    • Norway

    •  Germany

  • Asia Pacific

    • China

    • Japan

    • South Korea

  • Latin America

    • Brazil

    •  Mexico

  • Middle East & Africa (MEA)

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About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 126 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 4126 analysts and consultants, the company adds 121200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 600 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

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