India EV Charging Equipment Market expected to generate USD 120 Mn owing to surge in government initiatives for development of EV charging infrastructure: Ken Research

India News
Key Findings
• Electric Vehicles (EVs) in India could represent $1.9 Bn opportunity by 2025
• Surge in government initiatives for development of electric vehicle charging infrastructure through FAME II Initiative to increase the charging points in India in various states
• Further, limited number of EV charging stations, lack of standardization of EV charging, rise in demand for luxury and feature enabled vehicles, and wireless charging for EVs to have strong impact on the market.

Strong Government Push: The government has increased the budget allocation for FAME II by eight times compared to FAME I. As of January 2020, 2,636 EV chargers have been allotted the incentive in 24 states and union territories, out of which 1633 fast chargers and 1003 slow chargers have been sanctioned. The government is planning to set up at least one EV charging kiosk at around 69,000 petrol pumps across the country to induce people to go for electric mobility.

Battery Swapping: Battery swapping or battery-as-a-service allows customers to lease batteries as a separate component of the car. The customer can take out the discharged battery and change it with a fully charged one. Battery swapping could address some of the key challenges in electric vehicles, such as the high battery replacement cost, long charging duration, and insufficient charging infrastructure.

For More Information on the research report, refer to below link:-
https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/india-ev-charging-equipment-market-outlook-to-fy-2026/504386-100.html

EaaS (Energy-as-a-service) as an opportunity for utilities: EaaS companies are buying installing LEDs and solar arrays to EV charging stations for a monthly fee or at a fixed rate per unit of energy consumed. Ahome charging EaaS subscription service can give customers access to a home charger at an affordable monthly rate & cost savings benefit provided by smart software.

Scaling EV charging infrastructure with focus on interoperability: Interoperability is the open communication and exchange of data between and among devices and/or software systems. It can be a big boon to the EV charging infrastructure. The open exchange of operational data between EV charging stations, network operators, and back-end payment systems is critical to public and private charging infrastructure.

The report titled “India EV Charging Equipment Market Outlook to 2026– Driven by Increasing Adoption of Electric Vehicles along with Implementation of FAME II Policy by Government” provides a comprehensive analysis of the potential of Electric Vehicle Charging Equipment industry in India.

The report covers various aspects including the current EV Scenario and charging infrastructure status in India, revenue generated from EV Charging equipment, its segmentations viz Type of Charger – Fast (DC) vs. Slow (AC), Type of Charging Stations, Application (4W vs. 3W vs. 2W), Geographic Distribution, Distribution Channel and By Organized and Unorganized Sector, major trends and development, issues and challenges, government regulations and product analysis. The report concludes with market projections for future of the industry including forecasted industry size by revenue along with analyst recommendations and key market opportunities.

Key Segments Covered in India Electric Vehicle Charging Equipment Market:-

By Type of Charger

Fast (DC Chargers)

Slow (AC Chargers)

By Type of Charging Stations

Portable Chargers

Private Charging

Public Charging

By Application

4W

3W

2W

By Geographic Distribution

South

North

West

East

By Distribution Channel

Direct Sales

Indirect Sales

By Organized and Unorganized Sector

Organized

Unorganized

Key Target Audience:-

EV Manufacturers

EV Dealers/Distributors

Fleet Aggregators

Government Agencies

Automobile Consultants

Multiple Unit Dwellings and Transport Infrastructure

Time Period Captured in the Report:-

Historical Period: FY’2016-FY’2021

Forecast Period: FY’2021-FY’2026

Companies Covered:-

ABB India

AEIDTH Technologies

Amplify Mobility

ChargeMOD

EVQpoint

LUBI EV Solutions

Mass-Tech

Okaya Power Group

P2 Power Solutions

RRT Electro Power (P)

Uznaka Solutions Pvt. Ltd.

Volttic

Magenta Power

PlugNGo

ChargeMyGaadi

Delta Electronics

Key Topics Covered in the Report:-

Overview of India EV Market

Genesis and Overview of India EV Charging Equipment Market

Charging Infrastructure for India EV Market

India EV Charging Equipment Market Segmentations

Overview of Charge Point Operators in India

Competition Analysis : Market Share of Charge Point Operators in India, FY’2021

Product Landscape of Key Manufacturers (ChargeMOD, AEIDTH Technologies , ABB, Lubi EV Solution, Mass Tech, P2 Power Solution , RRT Electro Power)

Government Initiatives and Regulations in India EV Charging Equipment Market

SWOT Analysis of EV Charging Equipment Market

Key Trends in India EV Charging Equipment Market

Issues and Challenges in India EV Charging Equipment Market

Impact of COVID 19 on EV sales

Outlook and Future Projections for India EV Charging Equipment Market

Future Plans on Establishment of Charging Stations in India

Recommendations / Success Factors

Research Methodology

Appendix

For More Information on the research report, refer to below link:-
https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/india-ev-charging-equipment-market-outlook-to-fy-2026/504386-100.html

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https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/automotive-industry-outlook-to-2025-coverage-on-bhutan-sri-lanka-bangladesh-and-nepal/476499-100.html

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