Electric Vehicle Supply Equipment Market Overview
Maximize Market Research is an Electric Vehicle Supply Equipment research firm that has delivered a detailed analysis of the “Electric Vehicle Supply Equipment Market”. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape.
Electric Vehicle Supply Equipment Market Value :
- Valued at USD 4.04 billion in 2022
- Expected to reach USD 20.72 billion by 2029
- Projected CAGR of 26.3% during the forecast period (2023-2029)
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Electric Vehicle Supply Equipment Market Dynamics:
The Global Electric Vehicle Supply Equipment Market Report highlights the crucial role of EV charging infrastructure in driving electric vehicle adoption. It emphasizes government support, advancements in technology, and challenges faced by the industry. The report provides invaluable insights for industry stakeholders, decision-makers, and investors seeking a comprehensive understanding of the evolving EVSE landscape.
Government Support: Initiatives by governments worldwide to promote electric vehicle adoption and reduce pollution are driving the demand for EV charging infrastructure.
Zero Emission Push: Increasing focus on low-emission vehicles and incentives for EV ownership are boosting the demand for EVSE.
High Installation Costs: The relatively high cost of installing charging infrastructure and operational challenges are hindering market growth.
Electric Vehicle Supply Equipment Market Scope and Methodology:
The Global Electric Vehicle Supply Equipment Market Report offers a comprehensive analysis of the EVSE industry, covering market trends, drivers, restraints, and regional insights. The report provides a detailed overview of EV charging infrastructure and examines the factors shaping the market from 2023 to 2029.
The report employs a robust research methodology, utilizing macro and micro perspectives to accurately calculate market size. Secondary research is conducted to identify segment specifications, along with qualitative and quantitative data. The report references press releases, company reports, government websites, and research papers for valuable insights.
Electric Vehicle Supply Equipment Market Regional Insights
The report includes a thorough analysis of all the factors, market size, growth rate, and import and export in regions. The Regional Analysis provides the Electric Vehicle Supply Equipment market status of various countries included in the report. The Electric Vehicle Supply Equipment market is broadly segmented into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
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Electric Vehicle Supply Equipment Market Segmentation
Global Electric Vehicle Supply Equipment Market, by Type (2022-2029)
• Level 1
• Level 2
• Level 3
Based on kind, the Level 2 type had the highest market share of xx% in 2021. Level 2 chargers are the most prevalent; they charge faster but cost more than Level 1 ones. Workplaces, public venues, and private households all have Level 2 chargers. While residential Level 2 chargers are offered separately from the vehicle, they are frequently purchased together and typically require professional installation. Level 2 chargers charge faster since they can handle voltages beyond 200 volts, and the current supported by Level 2 chargers ranges from 12 to 80 amps (compared to Level 1 chargers, which are limited to 10-12 amps). Because of this, they are the most popular type found at public charging stations.
Global Electric Vehicle Supply Equipment Market, by Product Type (2022-2029)
• Train stations
• Government buildings
In 2022, the EV charging kiosk segment dominated the market by product type. as a result of the adoption of self-service charging options such as augmented intelligence interactive EV kiosks. Furthermore, technological advancements such as the usage of Near Field Communication (NFC) and Radio-Frequency Identification (RFID) in EVSE have improved the efficiency of digital payments for EV users of the infrastructure. Furthermore, due to a shortage of additional manpower in industrialised countries such as the United States, the United Kingdom, and Germany, operators of electric vehicle charging stations have found it difficult to assign customer service representatives during periods of high traffic. This is a major driving force in the EV charging kiosk business.
Global Electric Vehicle Supply Equipment Market, by Application (2022-2029)
• EV Charging Kiosk
• Onboard Charging Station
According to application, the market has been segmented into commercial and residential segments, with the commercial segment dominating the market in 2022. Beneficial government programmes such as the Trans-Canada Highway Project, the Norway-Italy Electric Highway, and the West Coast Electric Highway (WCEH) are propelling the market. Electric car supply equipment makers are also putting a heavy emphasis on the building of electric vehicle charging stations in hotels, malls, and resorts to meet the demand for charging stations. Another factor fueling the segment’s expansion is a growing emphasis on the installation of electric vehicle charging stations by hospitality organisations such as Hyatt Corporation and Marriott International, Inc.
Electric Vehicle Supply Equipment Market Key Players
1. Liberty Plugins (US)
2. Clipper Creek (US)
3. Coritech (US)
4. EVgo Services LLC (US)
5. Blink Charging Co. (US)
6. BTC Power (US)
7. Chargepoint (US)
8. Tesla Motors (US)
9. Andromeda Interfaces Inc (US)
10.Bosch Automotive Service Solutions Inc (US)
11.BYD Motors (US)
12.Eaton Corporation plc (US)
13.General Electric Company (US)
14.Leviton Manufacturing Co. Inc. (US)
15.Delta Electronics, Inc (US)
16.Webasto Group (Germany)
17.Siemens AG (Germany)
19.Schneider Electric SE (France)
20.ABB Ltd. (Switzerland)
22.Efacec Electric Mobility S.A. (Portugal)
Frequently Asked Questions:
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Table Of Content :
1. Global Electric Vehicle Supply Equipment Market: Research Methodology
2. Global Electric Vehicle Supply Equipment Market: Executive Summary
2.1 Market Overview and Definitions
2.1.1. Introduction to Global Electric Vehicle Supply Equipment Market
2.2.1. Key Findings
2.2.2. Recommendations for Investors
2.2.3. Recommendations for Market Leaders
2.2.4. Recommendations for New Market Entry
3. Global Electric Vehicle Supply Equipment Market: Competitive Analysis
3.1 MMR Competition Matrix
3.1.1. Market Structure by region
3.1.2. Competitive Benchmarking of Key Players
3.2 Consolidation in the Market
3.2.1 M&A by region
3.3 Key Developments by Companies
3.4 Market Drivers
3.5 Market Restraints
3.6 Market Opportunities
3.7 Market Challenges
3.8 Market Dynamics
3.9 PORTERS Five Forces Analysis
3.11 Regulatory Landscape by region
• North America
• Asia Pacific
• The Middle East and Africa
• South America
3.12 COVID-19 Impact
Key questions answered in the Electric Vehicle Supply Equipment Market are:
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Electric Vehicle Supply Equipment Market?
- What major challenges could the Electric Vehicle Supply Equipment Market face in the future?
- What segments are covered in the Electric Vehicle Supply Equipment Market?
- Who are the leading companies and what are their portfolios in Electric Vehicle Supply Equipment Market?
- What segments are covered in the Electric Vehicle Supply Equipment Market?
- Who are the key players in the Electric Vehicle Supply Equipment market?
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- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
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