About Electric Vehicle DC Charging Station
Electric vehicle (EV) chargers are used to supply charging to electric powered motors with a battery and the electrical supply that helps to cost the battery. Charging of such motors can be carried out thru distinctive degrees of charging, i.e., stage 1, stage 2, and degree three the value in addition to protection price of electric powered cars is decrease than traditional petrol/diesel cars. Electric motors decrease the carbon footprints launched into the atmosphere, which incorporate poisonous gas. DC quick chargers are substantially quicker than normal AC charging stations taking between 15 and forty five minutes to cost most passenger electric powered automobiles up to eighty percent—making it speedy and convenient to cost on the go. DC charger has the converter internal the charger itself. That potential it can feed electricity without delay to the car's battery and does not want the on-board charger to convert it. DC chargers are bigger, faster, and a thrilling step forward when it comes to EVs.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing towards the production technologies, efficiency enhancement and product life. There is various growth opportunity in this market which is captured by leading players via tracking the ongoing process enhancement and huge invest in market growth strategies. Analyst at AMA Research estimates that Chinese Manufacturers will contribute the maximum growth to Global Electric Vehicle DC Charging Station market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Shaihai Potevio Energy Science and Technology Co., Ltd (China), WAN MA GROUP (China), SHEN ZHEN AUTO ELECTRIC POWER PLANT CO., LTD (China), Mitsubishi (Japan), NARI Technology Co., Ltd (China), HOPE NEW ENERGY TECHNOLOGY INC (China), ABB Ltd (Switzerland), Toyota (Japan), Elektromotive Limited (Singapore) and Charge Point (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are XJ Electric Co., Ltd (China), Schneider Electric SE (France) and AeroVironment Inc (United States).
Segmentation Overview
AMA Research has segmented the market of Global Electric Vehicle DC Charging Station market by , Application (Private and Public) and Region.
On the basis of geography, the market of Electric Vehicle DC Charging Station has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, 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 Installation, the sub-segment i.e. Fixed will boost the Electric Vehicle DC Charging Station market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Charging Service, the sub-segment i.e. EV Charging Service will boost the Electric Vehicle DC Charging Station market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by DC Fast Charging , the sub-segment i.e. Fast will boost the Electric Vehicle DC Charging Station market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing trend of Mobility as a Service Model and Rise in Subscription-based Model
Market Growth Drivers:
Rising EV Sales Worldwide Will Increase Demand for EV Charging Stations
Challenges:
Stringent Rules for Installation of EV Charging Stations
Restraints:
Lack of Standardization of Current EV Charging Infrastructure and High Initial Set up Cost for EV Charging Stations
Opportunities:
Use of V2G EV Charging Stations for Electric Vehicles
Market Leaders and their expansionary development strategies
In 2021, ABB has signed a settlement collectively with the organization named charging answer issuer Bornes Québec in order to affirm the considerable availability of handy and quickest charging stations of electric powered cars in the place of Quebec and in order to hasten Canada's step in the direction of sustainable transportation.
In September 2021, ABB launched the world’s quickest EV charging station Terra 360, which can cost most EVs in much less than 15 minutes. It can supply one hundred km vary in much less than three minutes. This is made for public charging stations and can cost up to four EVs simultaneously.
The traditional gas-powered automobile makes use of an interior combustion engine to generate power. In a perfect scenario, the combustion machine totally incinerates the gasoline and solely creates carbon dioxide and water as waste; however, the combustion device generates a variety of greenhouse gases, main to environmental pollution. On the different hand, an electric powered automobile makes use of an electric powered motor powered with the aid of a non-stop provide of current; hence, it does no longer create any pollutants. The U.S., Germany, France, and China have carried out stringent authority’s legal guidelines and rules for vehicular emission, making it obligatory for the car producers to use superior applied sciences to fight high-emission tiers in vehicles.
Key Target Audience
Electric vehicle DC Charging Station Manufacturers, Raw Material Suppliers, Government Bodies 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.