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Electric Vehicle Charging System Market Growth & Key Business Strategies by Leading Industry Players General Electric Company, Evatran Group, Inc., Robert Bosch GmbH, Delta Electronics, Inc., Schneider Electric SE, Eaton Corporation Plc. Tesla Motors, Inc

12-10-2018 02:45 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Allied Market Research

Electric Vehicle Charging System Market

Electric Vehicle Charging System Market

Based on mode of charging, the market has been segmented into plug-in charging systems and wireless charging systems. Plug-in charging systems dominated the market in 2015, accounting for over 90% of the market revenue. The segment is projected to continue its dominance throughout the forecast period due to increasing government investments in the commercial charging solutions, where plug-in charging solutions are generally preferred.

Electric Vehicle Charging System Market is expected to garner $8.02 billion by 2022, registering a CAGR of 30.7% during the forecast period 2016-2022. Electric vehicle charging systems supply electric energy to the battery of an electric vehicle. In other words, these systems provide electric energy for recharging electric vehicles such as electric cars. 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 and similar others.

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The global market for electric vehicle charging systems is exhibiting a positive growth, worldwide, with a significant rise in the adoption of electric vehicles in the past few years. Increasing awareness and ongoing environment friendly efforts across the globe is fuelling growth of the electric vehicles market, which in turn, is driving the market of electric vehicle charging systems. Moreover, the technological advancements aimed at developing affordable charging solutions are likely to drive the market growth. However, safety concerns with respect to the use of electric vehicle charging systems, might limit the adoption of these systems to a certain extent.

The penetration of electric vehicles is high in developed regions, namely North America and Europe, thereby making them the leading revenue generators of the electric vehicle charging system market. Asia-Pacific is a lucrative market with high growth potential owing to the rapidly increasing numbers of electric vehicles in countries such as China and Japan. Within Asia-Pacific region, Japan has the highest penetration of fast electric vehicle charging stations.

The global electric vehicle charging system market is segmented based on product type, mode of charging, level of charger and geography. Based on product type, the market is segmented into home charging systems and commercial charging stations. In 2015, home charging systems segment dominated the market with around 71.0% market share owing to high penetration of home charging facility in the U.S. and major European countries.

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On the basis of charging voltage level, the market has been segmented into Level 1 (0V-120V), Level 2 (121V-240V) and Level 3 (241V and above). Level 2 chargers are used in both, home and commercial applications, as a result of which, this segment is projected to lead the market over the forecast period.

Further, the world electric vehicle charging system market has been segmented based on geography into North America, Europe, Asia-Pacific and LAMEA. In 2015, Europe was the highest revenue generating region, which accounted for around 37% market revenue, followed by North America and Asia-Pacific.

The report also highlights the competitive scenario of global electric vehicle charging system market. It provides a comprehensive analysis of key growth strategies adopted by prominent players operating in the market. Major players operating in the market follow product launch, strategic alliances and collaboration as their key growth strategies to expand their presence and gain a competitive edge. For instance, in March 2015, General Electric Company entered into a joint marketing and product agreement with EV Connect, a leading supplier of electric vehicle charging solutions.

The agreement was aimed at expanding the global capabilities of both companies in the fast growing electric vehicle market. Major companies profiled in the report include General Electric Company, Evatran Group, Inc., Robert Bosch GmbH, Delta Electronics, Inc., Schneider Electric SE, Eaton Corporation Plc. Tesla Motors, Inc., Delphi Automotive LLP, Siemens AG and ClipperCreek, Inc.

List of Tables

TABLE 1 WORLD ELECTRIC VEHICLE CHARGING SYSTEM MARKET REVENUE, BY GEOGRAPHY, 2015-2022 ($MILLION)
TABLE 2 ELECTRIC VEHICLE AND CHARGING INFRASTRUCTURE TARGETS, BY REGION, 2014
TABLE 3 WORLD ELECTRIC VEHICLE CHARGING SYSTEM MARKET REVENUE, BY PRODUCT TYPE, 2015-2022 ($MILLION)
TABLE 4 WORLD HOME CHARGING SYSTEMS MARKET REVENUE, BY GEOGRAPHY, 2015-2022 ($MILLION)
TABLE 5 WORLD COMMERCIAL CHARGING STATIONS MARKET REVENUE, BY GEOGRAPHY, 2015-2022 ($MILLION)
TABLE 6 WORLD ELECTRIC VEHICLE CHARGING SYSTEMS MARKET REVENUE, BY MODE OF CHARGING, 2015-2022 ($MILLION)
TABLE 7 WORLD PLUG-IN CHARGING SYSTEMS MARKET REVENUE, BY GEOGRAPHY, 2015-2022 ($MILLION)
TABLE 8 WORLD WIRELESS CHARGING SYSTEMS MARKET REVENUE, BY GEOGRAPHY, 2015-2022 ($MILLION)
TABLE 9 SPECIFICATIONS OF ELECTRIC VEHICLE CHARGERS, BY CHARGING VOLTAGE LEVEL
TABLE 10 WORLD ELECTRIC VEHICLE CHARGING SYSTEM MARKET REVENUE, BY CHARGING LEVEL, 2015-2022 ($MILLION)
TABLE 11 WORLD LEVEL 1 (120 VOLTS) CHARGING SYSTEM MARKET REVENUE, BY GEOGRAPHY, 2015-2022 ($MILLION)
TABLE 12 WORLD LEVEL 2 (240 VOLTS) CHARGING SYSTEM MARKET REVENUE, BY GEOGRAPHY, 2015-2022 ($MILLION)
TABLE 13 WORLD LEVEL 3 (500 VOLTS) CHARGING SYSTEM MARKET REVENUE, BY GEOGRAPHY, 2015-2022 ($MILLION)
TABLE 14 WORLD ELECTRIC VEHICLE CHARGING SYSTEM MARKET REVENUE, BY GEOGRAPHY, 2015-2022 ($MILLION)
TABLE 15 NORTH AMERICA ELECTRIC VEHICLE CHARGING SYSTEM MARKET REVENUE, BY PRODUCT TYPE, 2015-2022 ($MILLION)
TABLE 16 EUROPE ELECTRIC VEHICLE CHARGING SYSTEM MARKET REVENUE, BY PRODUCT TYPE, 2015-2022 ($MILLION)
TABLE 17 ASIA-PACIFIC ELECTRIC VEHICLE CHARGING SYSTEM MARKET REVENUE, BY PRODUCT TYPE, 2015-2022 ($MILLION)
TABLE 18 LAMEA ELECTRIC VEHICLE CHARGING SYSTEM MARKET REVENUE, BY PRODUCT TYPE, 2015-2022 ($MILLION)
TABLE 19 SNAPSHOT OF GENERAL ELECTRIC COMPANY
TABLE 20 SNAPSHOT OF EVATRAN GROUP, INC.
TABLE 21 SNAPSHOT OF ROBERT BOSCH GMBH
TABLE 22 SNAPSHOT OF DELTA ELECTRONICS INC.
TABLE 23 SNAPSHOT OF SCHNEIDER ELECTRIC SE
TABLE 24 SNAPSHOT OF EATON CORPORATION PLC
TABLE 25 SNAPSHOT OF TESLA MOTORS INC.
TABLE 26 SNAPSHOT OF DELPHI AUTOMOTIVE PLC
TABLE 27 SNAPSHOT OF SIEMENS AG
TABLE 28 SNAPSHOT OF CLIPPERCREEK INC.

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About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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