About DC Fast Chargers
DC fast charger is the direct current charger that built for recharging electric vehicles. DC fast charger market is expected to mark significant growth over forecasted period owing to increasing awareness about transportation pollution and technological advancement. DC fast charger offers fast network for ultrafast charging stations which result in rising popularity of ecofriendly vehicles platforms and escalating need for high-speed adoption of fast charging stations in developing countries that may trigger demand and help in industry expansion.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 202 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
CAGR | 25.0% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new product launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States and Chinese Players will contribute the maximum growth to Global DC Fast Chargers 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.
NEC Corporation (Japan), ABB (Switzerland), Tritium Pty Ltd (Australia), Circontrol (Spain), DBT (India), Signet EV (South Korea), Schneider Electric (France), Siemens AG (Germany) and Efacec Electric Mobility (Portugal) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are GS Yuasa Corporation (Japan), Nichicon Corporation (Japan) and Tesla Motors, Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global DC Fast Chargers market by Type (CHAdeMO, Combined Charging System (CCS) and Tesla Supercharger), Application (Commercial Use, Home Use and Office Use) and Region.
On the basis of geography, the market of DC Fast Chargers 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). North America region held largest market share in the year 202. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Power Output, the sub-segment i.e. Less than 100 KW will boost the DC Fast Chargers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increase research and developments in the field of DC fast charger.
Market Growth Drivers:
Increase in Number of Electronic Vehicles that boost the DC Fast Charger Market. and Increase in Demand of DC Fast Charger in EV Industries that Fuelled up the Market.
Challenges:
Lack of Awareness among the Customers that are anticipated to Challenge the Market.
Restraints:
High Cost Associated With DC Fast Charger Hampers the Market. and Efficient Individuals Required for Installations of DC Fast Charger in Various Industries.
Opportunities:
Proliferation of DC Fast Charger in Developing Countries that Leads to Grow the Market. and Upsurge Demand of DC Fast Charger in Automobiles and Industrial Sector.
Market Leaders and their expansionary development strategies
In September 2022, Siemens launches new SICHarge CC high-power charging solution for commercial vehicles. this caters to the growing need for fast-charging solutions for electric trucks and buses.
“According to government of New Zealand Electrical Safety regulations, the EVs that registered to be use on the road as a standard class vehicles which are wholly or partly derived from external sources of electricity.”
Key Target Audience
DC fast Charger Manufacturers, DC fast Charger Traders, End-Use Market Participants of Different Segments of DC fast Charger, Government and Research Organizations, R&D Institutions 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.