How Covid-19 Is Transforming the EV Charging Infrastructure Market? Major Key Players: Volkswagen, Shell, Greenway Infrastructure, Exxn Mobil, E.ON, Schneider Electric, Nissan Motor, Mercedes, Eaton, BMW, Hyundai, ABB, Blink, RWE, EVgo, ChargePoint, Renau
Increasing EV adoption specifically in California and Northwest Pacific region along with greater infiltration of single-family houses is set to influence the U.S. charging infrastructure market growth. Various programs & projects from the ESCOs aimed at construction, development, funding and design of public infrastructure projects will strengthen the industry landscape. For instance, in 2018, Southern California adopted USD 343 million program to deploy infrastructure at over 870 sites thereby supporting the electrification of over 8,000 heavy and medium duty vehicles.
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Key industry participants for EV charging infrastructure market comprise of Pacific Gas & Electric, Volkswagen, Shell, Greenway Infrastructure, Exxn Mobil, E.ON, Schneider Electric, Nissan Motor, Mercedes, Eaton, BMW, Hyundai, ABB, Blink, RWE, EVgo, ChargePoint, Renault, EVBox and Siemens.
Increasing awareness toward environment sustainability along with escalating demand for low carbon, electric fueled and energy efficient transportation is set to drive the EV charging infrastructure market growth. Growing energy prices, rapid industrialization coupled with numerous collaborations amongst various vehicle manufacturing companies including BMW Group and Nissan will encourage the product installation. Strict government policies and mandates aiming at carbon emission reduction will further boost the industry scenario.
DC charging unit is projected to grow owing to ongoing R&D activities, connections to the grid, ability to store energy along with capability to receive & send utility pricing signals. Efficient connector standards including CCS, CHAdeMO, GB/T and Tesla Supercharger complemented by the surging demand for fast & efficient charging stations is set to foster the industry landscape. The ability of systems to add extra miles of range to vehicle amounting up to 90 miles with 30 minutes of charging will boost the product adoption.
Rising demand for electricity along with increasing number of green energy vehicles will influence the product installation. Technological advancements combined with mounting investments in charging infrastructure development is set to propel the product penetration. Moreover, increasing focus toward clean power equipment to accomplish the set energy levels coupled with an improvement in the air quality are the underline parameters augmenting the business outlook.
Netherlands EV charging infrastructure market by 2025 is anticipated to exceed 200 thousand units. Introduction of stringent government policies and mandates for emission reduction coupled with issuance of vehicle rebates & tax credits will augment the industry landscape. Rising concerns toward the expanding carbon footprint owing to the fuel usage in vehicles will boost the product penetration. Furthermore, adoption of the monetary incentive programs is set to positively impact the product demand.
Public charging stations in 2018 were valued over USD 4 billion. Growing production of electric vehicles along with promotional government subsidies and incentives is anticipated to stimulate the product adoption. Progressive advancements in the battery technology leading to gradual installation of battery swapping stations will strengthen the business landscape. In addition, improved and efficient charging stations owing to advancement in machineries for faster charging process, in comparison to the conventional units will boost the business scenario.
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Table of Content:
Chapter 1. Methodology & Scope
Chapter 2. Executive Summary
Chapter 3. EV Charging Infrastructure Industry Insights
Chapter 4. EV Charging Infrastructure Market, By Current
Chapter 5 EV Charging Infrastructure Market, By Charging Site
Chapter 6. EV Charging Infrastructure Market, By Region
Chapter 7. Company Profiles
Global Electric Vehicle Charging Infrastructure Market Insights, Forecast to 2025
The Electric Vehicle Charging Infrastructure market was valued at Million US$ in 2018 and is projected to reach Million US$ by 2025, at a CAGR of during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Electric Vehicle Charging Infrastructure. The following manufacturers are covered in this report:
o ChargePoint, Inc.
o AeroVironment Inc.
o Chargemaster Plc
o General Electric
o Leviton Manufacturing Co., Inc.
o Eaton Corporation
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