Electric Vehicle Charging Outlets Market is Set to Experience a Revolutionary Growth | ChargePoint, Fortum, Tata Power, ABB

Latest published market study on Indian Electric Vehicle Charging Outlets Market provides an overview of the current market dynamics in the n Electric Vehicle Charging Outlets space, as well as what our survey respondents—all outsourcing decision-makers—predict the market will look like in 2027. The study breaks market by revenue and volume (wherever applicable) and price history to estimates size and trend analysis and identifying gaps and opportunities. Some of the players that are in coverage of the study are ABB, ChargePoint Inc., Fortum OYJ, National Thermal Power Corporation (NTPC), Bharat Heavy Electricals Limited (BHEL), Tata Power, and Delta Electronics.

Get ready to identify the pros and cons of regulatory framework, local reforms and its impact on the Industry. Know how Leaders in n Electric Vehicle Charging Outlets are keeping themselves one step forward with our latest survey analysis

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Indian automotive industry is rapidly expanding and is expected to hold the 3rd position in the world by 2030. In addition to this to cater the advancing need of 1.30 billion people of India, Indian automotive industry has dramatically transformed and is expected to show a similar trend in the near future. One such transformation is the advent of Zero Emission Vehicles (ZEVs)/ Electric Vehicles (EVs) within the country. The excessive dependence on imported crude oil, rise in Greenhouse Gases (GHGs) content, growing demand of EVs and increase in governmental support through subsidies and incentives are some of the major factors driving the market of EVs in the country. At present, Indian EV industry is at its nascent stage although the country planned to be 100% electric by 2030. Hence, to accommodate the growing number of EVs, the network of charging outlets is anticipated to grow in the coming years. Over the past few years several incentives, subsidies and investments are passed by the central/local government to promote green mobility within the country. The growing focus on green mobility consequently increased the need for easy accessibility of the charging structures to keep them running. In India, local governments have also planned to increase the installation base of public EV charging outlets. The central bodies have agreed that the green mobility is possible only with the suffice availability of EV chargers at public locations. The below figure presents the complete EV ecosystem and explains how different entities such as central government, automotive OEMs, utility providers, battery manufacturers and consumers, among others are related in the industry.

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Owing to the substantial promotional packages of government plans, the EV charging outlets industry is anticipated to propel in the years to come. Among different types of chargers, slow chargers are expected to dominate the market however, fast chargers are expected to grow at highest CAGR of 83.7% during the forecast period (2018-2025). Based on power level offered to the EVs, slow EV chargers can be of two type level 1 and level 2 chargers. Level 1 chargers charge the EVs through 120V supply and takes approximately 12 hours to charge a fully depleted EV battery. On the other hand, level 2 chargers charge the EVs through 240V supply and takes 6-8 hours charging time. The fast chargers or level 3 are known as rapid charger, as they take only 20-30 minutes charging time to completely charge the electric vehicle, however high equipment and installation cost of the level 3 chargers make level 2 chargers most preferred charger type. The number of Level 2 chargers are anticipated to reach 12,744 by 2025, growing at a CAGR of 75.2% during the forecast period. Electric vehicles can be charged through different modes, such as wireless and plug-in charging. The plug-in chargers dominate the market, however, the wireless chargers are steadily catching up the speed. The wireless chargers are expected to grow at the fastest rate of 97.5% during the forecast period.

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Actual Numbers & In-Depth Analysis of Indian Electric Vehicle Charging Outlets Market Size Estimation and Trends Available in Full Version of the Report.

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