About Electric Vehicle Supply Equipment (EVSE) -
Electric Vehicle Supply Equipment (EVSE) includes the electrical equipment external to the EV that provides a connection for an EV to a power source and is equipped with advanced features like smart metering, cellular capability, and network connectivity. Geographically, North America is the leading region to have alternative Fueling Station Locator reached the milestone of 100,000 public electric vehicle supply equipment (EVSE) ports. For instance, Station Locator has increased by 7.3%, with Level 2 EVSE ports contributing to the majority of growth over the forecast. The demand for the market is huge that is triggering over the forecast period.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. The market is expected to grow in the automobile industry. Several companies such as Tesla Inc, TATA Power EVBox, Charging Point Inc. are operating in the market to provide customers with better offers with various features products & unique offering services. The market is a partially fragmented market with the presence of several market players and local players. The demand in the market is huge that is triggering the market growth over the forecast period Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
ABB (United States), Mass tech (United Kingdom), Amara raja (India), Exicom (India), P2 Power Solution (India), Magenta Group (India), TATA Power (India), Volttic (United States), Zeon Charging (United Kingdom), PlugNGo (United States), Tesla Inc (United States), EVBox (Netherlands), Charging Point Inc (United Kingdom), SemaConnect (United States) and Others are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Electric Vehicle Supply Equipment (EVSE) - market by , Application (Residential and Commercial) and Region.
On the basis of geography, the market of Electric Vehicle Supply Equipment (EVSE) - has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
If we see Market by , the sub-segment i.e. will boost the Electric Vehicle Supply Equipment (EVSE) - market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.Influencing Trend:
use of lithium-ion batteries is cost-effective
Market Growth Drivers:
Electric Vehicle help to reduce emission
Challenges:
the increasing price of raw material
Restraints:
The acceptance of the electric vehicle equipment market is low
Opportunities:
a large amount of investment by the government
Market Leaders and their expansionary development strategies
On March 2021 Eaton has acquire green motion. The acquisition help to accelerate Green Motion’s success internationally by immediately making a global impact on decarbonization to improve the world
June 2023, SAE International, the world's leading authority in mobility standards development, has produced a certification program to establish and verify skills and knowledge of technicians who maintain, repair, and operate Electric Vehicle (EV) charging stations. The SAE Electric Vehicle Supply Equipment (EVSE) Technician Certification will be granted to technicians who have successfully completed a comprehensive training program and passed a rigorous exam administered by SAE ITC Probitas.
Key Target Audience
OEM (Original Equipment Manufacturer), Regulatory Authorities, New Entrants/Investors, Strategic Business Planners, Governments and End-use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.