Electric Vehicle Charging Outlets- Market Scope
Electric automobiles, electric cars, and plug-in hybrids may all be recharged at an electric vehicle charging station, which is a piece of technology. While some charging stations are simpler, others include more sophisticated features like Smart metering, cellular capability, and network access. Electric utility providers or private organizations offer charging stations in public parking lots or at retail shopping areas under the name electric vehicle supply equipment (EVSE). These outlets provide distinctive connectors that comply with the various standards for electric charging connectors. An EVSE can be used for a flat-rate monthly or annual fee, or for a fee per kWh or hour. Charging stations are frequently provided free of charge by the local authorities. The primary drivers behind the market's growth are rising demand for electric vehicle fast charging infrastructure, government initiatives to encourage the use of electric vehicles, and an increase in the deployment of electric vehicles by shared mobility providers.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | ABB (Switzerland), ChargePoint Inc. (United States), Siemens (Germany), Shell (Netherlands), Tesla (United States), BYD (China), EVgo (United States), Alfen (Netherlands), EV Charge Solutions (United States), Blink Charging (United States) and BP p.l.c. (United Kingdom) |
CAGR | % |
The market for Electric Vehicle Charging Outlets is highly competitive with several global as well as local players in the market. The global players are trying various strategies such as product innovation and using various marketing strategies to gain a higher market share. Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Electric Vehicle Charging Outlets- market throughout the predicted period.
ABB (Switzerland), ChargePoint Inc. (United States), Siemens (Germany), Shell (Netherlands), Tesla (United States), BYD (China), EVgo (United States), Alfen (Netherlands), EV Charge Solutions (United States), Blink Charging (United States) and BP p.l.c. (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Eaton Corporation plc (Ireland), Hyundai (South Korea) and Schneider Electric (France).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Electric Vehicle Charging Outlets- market by Type , by Application (Plug-in hybrid electric Vehicles (PHEV) and Battery electric vehicles (BEV)) and Region with country level break-up.
On the basis of geography, the market of Electric Vehicle Charging Outlets- 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).
region held largest market share in the year 2021.
On 12 January 2020, BYD (Build Your Dreams) announced its 150kW DC fast charger for buses and trucks has been certified by Underwriters Laboratory (UL), widening the universe of charging solutions available for BYD customers.
Electric Vehicle Charging Outlets- Market Dynamics:
Attributes | Details |
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Trends Influencing Market | - Governments Must Develop Public Charging Stations
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Key Restraints | - High Initial Set Up Cost For EV Charging Stations
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Challenges | - Stringent Regulations By Government Authorities For Charging Stations May Challenge
- Intense Competition Among Players
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Market Opportunities | - Rising Price Of Fuel Increasing Interest Towards Electric Vehicles
- Increasing Demand For Public Charging Station For Electric Vehicle Charging Points
- Stringent Government Regulations For Reducing Environmental Emission
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Key Target Audience
Electric Vehicle Charging Outlets, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others