About Electric Vehicle Charging Services
Electric vehicle (EV) charging service comprises an EV charging station where an electric vehicle can be re-charged or batteries can be charged for swapping. It is Similar to fuel stations, charging stations are used for refilling the charge into electric vehicle batteries. The rising number of electric vehicles, and demand for rapid charging is increasing.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The fragmented market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, increasing demand for electric vehicles, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Electric Vehicle Charging Services 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.
ABB (Switzerland), EVgo Services LLC. (United States), ChargePoint, Inc. (United States), Blink Charging Co. (United States), Allego (United States), Schneider Electric (France), Toshiba Corporation (Japan), Wi Tricity Corporation (United States), Mojo Mobility Inc. (United States), AeroVironment, Inc. (United States) and Robert Bosch GmbH (Germany) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are General Electric (United States), Evatran Group (United States) and Tesla (United States).
Segmentation Overview
AMA Research has segmented the market of Global Electric Vehicle Charging Services market by , Application (Commercial and Residential) and Region.
On the basis of geography, the market of Electric Vehicle Charging Services 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 Current Type, the sub-segment i.e. Direct current (DC) will boost the Electric Vehicle Charging Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Charger type, the sub-segment i.e. Conductive will boost the Electric Vehicle Charging Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Power Output, the sub-segment i.e. Less than 11KW will boost the Electric Vehicle Charging Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Emerging trends of greener energy to reduce Pollution
Market Growth Drivers:
Rising adoption rate of Electric Vehicle and Increasing Production of Electric Vehicle in the Market
Challenges:
Time required for charging is more
Restraints:
Availability of Household EV Chargers
Opportunities:
Rising price of fuel increasing interest towards Electric Vehicles
Market Leaders and their expansionary development strategies
In July 2021- EVgo Services LLC, a US electric vehicle (EV) fast-charging network operator that uses 100% renewable power, is going public to the completion of a merger with a listed special purpose acquisition company (SPAC).
In September 2021- ABB launches the fast charger Can deliver 100km of range in less than three minutes. The main specification of these charger are modular charger which can simultaneously charge up to four vehicles with dynamic power distribution.
Key Target Audience
Electric Vehicle Manufacturing Companies, Electric Vehicle Charging Station Providing Companies, Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Potential Investors and Research and Development Institutes
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.