About Charging the EV by using PV system
Charging an electric vehicle (EV) using a photovoltaic (PV) system, also known as solar panels, refers to the process of using solar energy to power your EV. charging your EV with a PV system is a sustainable and potentially cost-effective way to power your vehicle. However, it's important to consider the limitations and ensure the system size meets your charging needs. By overcoming challenges like initial investment costs and ensuring grid stability, solar-powered EV charging has the potential to revolutionize the transportation sector and create a more sustainable future.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market in the near future. Players are anticipated to focus on the development of new compounds, which is likely to encourage the growth of the global market throughout the forecast period. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Charging the EV by using PV system market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
PowerFlex (United States), EmPower Solar (United States), Paired Power (United States), KEBA (Austria), Bharat Heavy Electricals Limited (India), ChargePoint, Inc. (United States), HES Solar. (United States), iSun, Inc. (United States), Zhejiang Benyi New Energy Co., Ltd. (China) and Brightfield Transportation Solutions. (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Charging the EV by using PV system market by , Application (Private EV Charger and Public EV Charger) and Region.
On the basis of geography, the market of Charging the EV by using PV system has been segmented into South America (Brazil, Argentina, Chile, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Singapore, Indonesia, Thailand, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Spain, Sweden, Belgium, Finland, Denmark, Russia, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by System, the sub-segment i.e. Off Grid will boost the Charging the EV by using PV system market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising use of photovoltaic system
Market Growth Drivers:
Increased Electric Vehicle (EV) Adoption
Challenges:
Expensive Installing a PV system
Restraints:
Limited charging infrastructure and Rising Solar Panel Installers
Opportunities:
Technological innovation of EV systems
Market Leaders and their expansionary development strategies
In December 2021, KEBA acquired the Stuttgart/Germany-based software company drag and bot. The start-up develops an innovative operating system for robots. KEBA strengthens its position in industrial automation and strategically expands its product portfolio with flexible automation software with this new acquisition.
In September 2022, Power announced the launch of its new, transportable solar canopy, PairTree, with built-in EV charging capabilities. PairTree can be utilized with or without grid connection with its modular, fast-install design. This development helped the company to increase revenue.
Key Target Audience
Manufacturing Companies, Research & Development, Market Reserach & Consultancy Firm, Potential Investors and Others
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.