Market Overview:
The EV charging infrastructure is electrical source that recharge the depleted battery of an electric Vehicle with the help of the Electric Vehicle Supply Equipment or EVSE. Electric vehicle owners can charge their vehicle at home using home chargers or at the electric vehicle charging stations installed at public places such as shopping centres, parking spaces. These infrastructures are being frequently developed within the city limits, which is benefiting the customers to charge their cars at high speed with reduced time and cost. The growth of electric vehicles offers an opportunity to transform the transportation sector.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Mojo Mobility (United States), EVgo Services LLC (United States), ABB Group (Switzerland), Schneider Electric SE (France), Chargemaster Plc (United Kingdom), Siemens AG (Germany), Tata Power (India), Delta Electronics, Inc. (Taiwan), GENERAL ELECTRIC (United States) and ChargePoint (United States) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region or narrow down segments in the final scope subject to feasibility |
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics of major and emerging geographies across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Key Manufacturers of EV Charging Infrastructure Market Study:
Mojo Mobility (United States), EVgo Services LLC (United States), ABB Group (Switzerland), Schneider Electric SE (France), Chargemaster Plc (United Kingdom), Siemens AG (Germany), Tata Power (India), Delta Electronics, Inc. (Taiwan), GENERAL ELECTRIC (United States) and ChargePoint (United States)
EV Charging Infrastructure Market Segment Analysis
Scope | Sub-Segments |
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Application / End User | Commercial and Residential |
Type | AC, DC and Wireless |
Installation Type | Single Family,Multi Family,Public |
Charger Classifications | Level 1 [120 Volt Charging],Level 2 [208/240 Volt Charging],DC Fast Charge (DCFC) |
Influencing Trend:
Innovation in Automobiles Inventing High Power Electric Vehicle and Stringent Pollution-Control Policies
Market Growth Drivers:
Increasing Consumption of Automobiles with Hybrid and Battery Power
Challenges:
High Cost of Equipment and Installation
Restraints:
Less Number of Electric Charging Stations
Opportunities:
Increasing Demand for Electric Vehicles and Infrastructural Development in Emerging Economies
Some of the other players that are also part of study are Leviton Manufacturing Co., Inc. (United States), Pod Point (United Kingdom), AeroVironment, Inc. (United States), Eaton Corporation (Ireland) and Wi Tricity Corporation (United States). The Global EV Charging Infrastructure market is gaining huge competition due to involvement of United States companies that constantly invest in research & development to meet market expectation with new innovation.
Latest Industry Highlights:
In August 2023, Tritium, an Australian EV charging technology company, launched its Megawatt Charger, capable of delivering up to 750 kW of power. This ultra-fast charger is designed for commercial vehicles and heavy-duty trucks, potentially revolutionizing charging for these segments.
In August 2023, Electrify America, a major EV charging network in the US backed by Volkswagen, announced a partnership with General Motors to install fast-charging stations at GM dealerships across the country. This will significantly expand the availability of charging options for GM EV owners.
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global EV Charging Infrastructure market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in EV Charging Infrastructure market.
Identification of total players or companies operating in the global market which is further concentrated to fewer or most impacting players which are considered under the reports scope. In order to make a priority list sorting is done based on revenue generated based on the latest reporting with the help of paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers of EV Charging Infrastructure/Station, Service Provider of EV Charging Station, Automobile Industry and Governmental Bodies.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.