The global electric vehicle supply equipment market size is expected to reach USD 104.3 billion by 2025, registering a CAGR of 33.1% from 2019 to 2025, according to a new report by Radiant Insights, Inc. The market is driven by development of charging equipment and infrastructure at various highway and destination locations such as hotels, shopping malls, and national parks.
Growing demand for electric vehicle charging equipment is prompting manufacturers of charging equipment to innovate and launch new products. For instance, in 2017 Qualcomm Incorporated designedand built a wireless Dynamic Electric Vehicle Charger (DEVC) system capable of charging an electric vehicle (EV) dynamically at up to 20 kW at highway speeds (100 km/h).
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Growing adoption of EVSE among logistics operators and FMCG manufacturers such as FedEx and Frito-Lay North America, Inc. is expected to drive demand over the forecast period. Frito-Lay North America, Inc. has installed charging stations at the Bronx, Albany, Rochester, Buffalo, and New Paltz. Moreover, various government agencies are providing funding to logistics companies for development of fleet charging stations. Besides this, increasing adoption of electric cars for shared electric mobility and development of autonomous electric cars is expected to drive the demand for EVSE for fleet charging.
Falling prices of lithium-ion batteries are expected to provide ample opportunities to electric vehicle manufacturers and in turn, drive the demand for EVSE. For instance, in March 2018, United Parcel Service (UPS) increased the number of electric vehicles in its fleet in London from 65 to 170 under the 'Onsite Energy Storage Batteries' initiative. The move is supported by a smart-grid charging technology developed under the 'Smart Electric Urban Logistics (SEUL)' project in partnership with Cross River Partnership and UK Power Networks. UPS envisages reducing its delivery costs and carbon emissions associated with its fleet of vehicles. These initiatives are expected to drive the demand for EVSE over the next few years.
Further key findings from the report suggest:
• The DC power segment is anticipated to register the fastest growth over the forecast period as a result of ongoing investments by governments in countries such as U.S., Germany, and France for the development of sustainable electric highways
• The EV charging kiosk segment is expected to exhibit a high CAGR over the forecast period as a result of technological developments such as Near-Field Communication (NFC) and Radio Frequency Identification (RFID) for digital payments at EV charging stations
• The super charging segment is expected grow significantly over the forecast period owing to rising emphasis of governments on setting up charging stations for e-buses
• The destination charging application segment is expected to expand at a rapid pace over the coming years as a result of growing focus of automotive manufacturers for the development of electric vehicle charging stations at hotels, shopping malls, and resorts
• Key players in market are AeroVironment Inc.; ABB Ltd.; ChargePoint, Inc.; ClipperCreek, Inc.; Chargemaster PLC; Eaton Corporation; Leviton Manufacturing Co., Inc.; Leviton Manufacturing Co., Inc.; Leviton Manufacturing Co., Inc.; and Siemens.
Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/electric-vehicle-supply-equipment-market
Table of Contents
Chapter 1 Methodology and Scope
1.1 Research Methodology
1.2 Research Scope and Assumptions
1.3 List of Data Sources
Chapter 2 Executive Summary
2.1 Electric Vehicle Supply Equipment (EVSE) - Industry Snapshot & Key Buying Criteria, 2014-2025
2.2 Global Electric Vehicle Supply Equipment (EVSE) Market, 2014 - 2025
2.2.1 Global Electric Vehicle Supply Equipment (EVSE) market, by region, 2014 - 2025
2.2.2 Global Electric Vehicle Supply Equipment (EVSE) market, by power type, 2014 - 2025
2.2.3 Global Electric Vehicle Supply Equipment (EVSE) market, by product, 2014 - 2025
2.2.4 Global Electric Vehicle Supply Equipment (EVSE) market, by charging station type, 2014 - 2025
2.2.5 Global Electric Vehicle Supply Equipment (EVSE) market, by application, 2014 - 2025
2.2.5.1 Market, by commercial application, 2014 - 2025
2.2.5.1.1 Market, by destination charging station, by power type, 2014 - 2025
2.2.5.1.2 Market, by highway charging station, by power type, 2014 - 2025
2.2.5.1.3 Market, by bus charging station, by power type, 2014 - 2025
2.2.5.1.4 Market, by fleet charging station, by power type, 2014 - 2025
2.2.5.1.5 Market, by other charging stations, by power type, 2014 - 2025
2.2.6 Market, by residential application, by power type, 2014 - 2025
Chapter 3 Electric Vehicle Supply Equipment (EVSE) Industry Outlook
3.1 Market Segmentation & Scope
3.2 Market Size and Growth Prospects
3.3 Electric Vehicle Supply Equipment (EVSE) Market - Value Chain Analysis
3.3.1 Vendor landscape
3.4 Electric Vehicle Supply Equipment (EVSE) - Market Dynamics
3.4.1 Market driver analysis
3.4.1.1 Growing contribution of transportation sector toward carbon emissions
3.4.1.2 Advances in battery technology and growing emphasis on autonomous vehicles
3.4.1.3 Government regulations and tax exemptions further promote the adoption of EVs
3.4.2 Market challenge analysis
3.4.2.1 High costs of setting-up EV infrastructure
3.4.2.2 Need for dedicated charging space and fluctuating power tariffs
3.4.2.3 Emergence of hydrogen fuel cell vehicles
3.4.3 Market opportunity analysis
3.4.3.1 Declining lithium-ion battery costs
3.5 Penetration and Growth Prospect Mapping
3.6 Electric Vehicle Supply Equipment (EVSE) Market - Company Market Share Analysis, 2018
3.7 Electric Vehicle Supply Equipment (EVSE) Market - Porter's five forces analysis
3.8 Electric Vehicle Supply Equipment (EVSE) Market - PESTEL Analysis
3.9 Original Equipment Manufacturers (OEM) Involvement In Infrastructure Development
3.10 Wireless Electric Vehicle Charging Analysis
3.10.1 Overview
3.10.2 Benefits
3.10.3 Challenges
3.10.4 Major manufacturers
3.10.5 Use cases
Continued…
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About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assists and facilitate organizations and individuals procure market research reports, helping them in the decisions making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Phone: (415) 349-0054
Toll Free: 1-888-928-9744
Address: 201 Spear Street 1100, Suite 3036,
City: San Francisco; State: California; Country: United States
Email: sales@radiantinsights.com
Website: https://www.radiantinsights.com/
Growing demand for electric vehicle charging equipment is prompting manufacturers of charging equipment to innovate and launch new products. For instance, in 2017 Qualcomm Incorporated designedand built a wireless Dynamic Electric Vehicle Charger (DEVC) system capable of charging an electric vehicle (EV) dynamically at up to 20 kW at highway speeds (100 km/h).
Download Free Sample Report @ https://www.radiantinsights.com/research/electric-vehicle-supply-equipment-market/request-sample
 |
| Electric Vehicle Supply Equipment Market |
Growing adoption of EVSE among logistics operators and FMCG manufacturers such as FedEx and Frito-Lay North America, Inc. is expected to drive demand over the forecast period. Frito-Lay North America, Inc. has installed charging stations at the Bronx, Albany, Rochester, Buffalo, and New Paltz. Moreover, various government agencies are providing funding to logistics companies for development of fleet charging stations. Besides this, increasing adoption of electric cars for shared electric mobility and development of autonomous electric cars is expected to drive the demand for EVSE for fleet charging.
Falling prices of lithium-ion batteries are expected to provide ample opportunities to electric vehicle manufacturers and in turn, drive the demand for EVSE. For instance, in March 2018, United Parcel Service (UPS) increased the number of electric vehicles in its fleet in London from 65 to 170 under the 'Onsite Energy Storage Batteries' initiative. The move is supported by a smart-grid charging technology developed under the 'Smart Electric Urban Logistics (SEUL)' project in partnership with Cross River Partnership and UK Power Networks. UPS envisages reducing its delivery costs and carbon emissions associated with its fleet of vehicles. These initiatives are expected to drive the demand for EVSE over the next few years.
Further key findings from the report suggest:
• The DC power segment is anticipated to register the fastest growth over the forecast period as a result of ongoing investments by governments in countries such as U.S., Germany, and France for the development of sustainable electric highways
• The EV charging kiosk segment is expected to exhibit a high CAGR over the forecast period as a result of technological developments such as Near-Field Communication (NFC) and Radio Frequency Identification (RFID) for digital payments at EV charging stations
• The super charging segment is expected grow significantly over the forecast period owing to rising emphasis of governments on setting up charging stations for e-buses
• The destination charging application segment is expected to expand at a rapid pace over the coming years as a result of growing focus of automotive manufacturers for the development of electric vehicle charging stations at hotels, shopping malls, and resorts
• Key players in market are AeroVironment Inc.; ABB Ltd.; ChargePoint, Inc.; ClipperCreek, Inc.; Chargemaster PLC; Eaton Corporation; Leviton Manufacturing Co., Inc.; Leviton Manufacturing Co., Inc.; Leviton Manufacturing Co., Inc.; and Siemens.
Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/electric-vehicle-supply-equipment-market
Table of Contents
Chapter 1 Methodology and Scope
1.1 Research Methodology
1.2 Research Scope and Assumptions
1.3 List of Data Sources
Chapter 2 Executive Summary
2.1 Electric Vehicle Supply Equipment (EVSE) - Industry Snapshot & Key Buying Criteria, 2014-2025
2.2 Global Electric Vehicle Supply Equipment (EVSE) Market, 2014 - 2025
2.2.1 Global Electric Vehicle Supply Equipment (EVSE) market, by region, 2014 - 2025
2.2.2 Global Electric Vehicle Supply Equipment (EVSE) market, by power type, 2014 - 2025
2.2.3 Global Electric Vehicle Supply Equipment (EVSE) market, by product, 2014 - 2025
2.2.4 Global Electric Vehicle Supply Equipment (EVSE) market, by charging station type, 2014 - 2025
2.2.5 Global Electric Vehicle Supply Equipment (EVSE) market, by application, 2014 - 2025
2.2.5.1 Market, by commercial application, 2014 - 2025
2.2.5.1.1 Market, by destination charging station, by power type, 2014 - 2025
2.2.5.1.2 Market, by highway charging station, by power type, 2014 - 2025
2.2.5.1.3 Market, by bus charging station, by power type, 2014 - 2025
2.2.5.1.4 Market, by fleet charging station, by power type, 2014 - 2025
2.2.5.1.5 Market, by other charging stations, by power type, 2014 - 2025
2.2.6 Market, by residential application, by power type, 2014 - 2025
Chapter 3 Electric Vehicle Supply Equipment (EVSE) Industry Outlook
3.1 Market Segmentation & Scope
3.2 Market Size and Growth Prospects
3.3 Electric Vehicle Supply Equipment (EVSE) Market - Value Chain Analysis
3.3.1 Vendor landscape
3.4 Electric Vehicle Supply Equipment (EVSE) - Market Dynamics
3.4.1 Market driver analysis
3.4.1.1 Growing contribution of transportation sector toward carbon emissions
3.4.1.2 Advances in battery technology and growing emphasis on autonomous vehicles
3.4.1.3 Government regulations and tax exemptions further promote the adoption of EVs
3.4.2 Market challenge analysis
3.4.2.1 High costs of setting-up EV infrastructure
3.4.2.2 Need for dedicated charging space and fluctuating power tariffs
3.4.2.3 Emergence of hydrogen fuel cell vehicles
3.4.3 Market opportunity analysis
3.4.3.1 Declining lithium-ion battery costs
3.5 Penetration and Growth Prospect Mapping
3.6 Electric Vehicle Supply Equipment (EVSE) Market - Company Market Share Analysis, 2018
3.7 Electric Vehicle Supply Equipment (EVSE) Market - Porter's five forces analysis
3.8 Electric Vehicle Supply Equipment (EVSE) Market - PESTEL Analysis
3.9 Original Equipment Manufacturers (OEM) Involvement In Infrastructure Development
3.10 Wireless Electric Vehicle Charging Analysis
3.10.1 Overview
3.10.2 Benefits
3.10.3 Challenges
3.10.4 Major manufacturers
3.10.5 Use cases
Continued…
Read all Reports of this category @ https://www.radiantinsights.com/catalog/automotive
About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assists and facilitate organizations and individuals procure market research reports, helping them in the decisions making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Phone: (415) 349-0054
Toll Free: 1-888-928-9744
Address: 201 Spear Street 1100, Suite 3036,
City: San Francisco; State: California; Country: United States
Email: sales@radiantinsights.com
Website: https://www.radiantinsights.com/
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