About EV Charger Service
EV charger is a piece of equipment that supplies electrical power for charging plug-in electric vehicles (including hybrids, neighborhood electric vehicles, trucks, buses, and others). Electric Vehicle (EV) chargers are used to provide charging to electric vehicles with a battery and the electrical source that helps to charge the battery. Electric vehicles reduce the carbon footprints released into the atmosphere, which contain toxic gas.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Companies in the market are concentrating on providing EV Charger Service. In Europe, high adoption of electric vehicles. Countries such as Norway, Luxembourg, Germany, and the U.K. has a large number of electric vehicles, owing to the demand for EV charging service. In the Asia Pacific and Europe, 40% of electric vehicles are in the fleet of government vehicles. Increased government support and subsidiaries are propelling the market during the forecast period. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global EV Charger Service 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.
EVgo Services LLC. (United States), ChargePoint, Inc. (United States), Blink Charging Co. (United States), Toshiba Corporation (Japan), Schneider Electric (Europe), Wi Tricity Corporation (United States), General Electric (United States), Siemens AG (Europe) and Tesla (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 AeroVironment, Inc. (United States) and Robert Bosch GmbH (Europe).
Segmentation Overview
AMA Research has segmented the market of Global EV Charger Service market by , Application (Commercial and Residential) and Region.
On the basis of geography, the market of EV Charger Service 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 Power Rating , the sub-segment i.e. AC (Alternate Current) will boost the EV Charger Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Vehicle Type, the sub-segment i.e. BEV (Battery Electric Vehicle) will boost the EV Charger Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Charging Station , the sub-segment i.e. AC Charging Station will boost the EV Charger Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising battery electric vehicles day-by-day and Rising electric and hybrid electric vehicles
Market Growth Drivers:
The increasing number of electric vehicles, the demand for rapid charging is increasing and Increase in market penetration of electric vehicles
Challenges:
Government regulations to limit environmental pollution and Government initiatives for the development of electric vehicle charging infrastructure
Restraints:
Lack of standardization of EV charging
Opportunities:
Development of higher-efficiency EV batteries and vehicles and Increased government support and subsidiaries
Market Leaders and their expansionary development strategies
In December 2023, Amazon announced partnered with EVgo, a prominent EV charging network operator, to offer a streamlined charging experience. this service will allow users to locate, pay for, and even initiate charging sessions at EVgo stations directly through their Alexa-enabled devices. This is expected to significantly enhance convenience and accessibility for EV drivers.
In June 2023, Stellantis, the automaker behind iconic brands like Peugeot, Citroën, and Fiat, debuted its Free2move Charge service in North America and Europe in June 2023. This comprehensive service offers various options for EV drivers, including access to charging stations through partnerships with multiple providers, home charger installation and financing, and complete energy management systems for businesses.
Key Target Audience
Electrical Manufacturing, Suppliers, Consumers Electronics, Electric Vehicles Manufacturing and Manufacturing Industries
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.