Charging as a Service Market Size will boost to USD 76.93 Billion by 2028. Growing at 44.5% CAGR: Introspective Market Research
The Global Charging as a Service Market Size Was Valued at USD 5.86 Billion In 2021, And Is Projected to Reach USD 76.93 Billion By 2028, Growing at A CAGR of 44.45% From 2022 To 2028.
CaaS (Charging as a Service) is a subscription-based electric vehicle charging plan that offers comprehensive EV charging options at a low upfront cost. Instead of paying all the upfront fees at once, pay the monthly subscription price over a period of time. As more and more people buy electric vehicles, the demand for charging stations also increases. Retaining employees, increasing the number of high-value tenants, and meeting environmental goals are just a few of the benefits of installing electric vehicle charging stations on commercial areas.
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Fast charging service is expected to grow significantly during the forecast period due to the growing demand for electric vehicle charging as a service at commercial locations such as malls, clubs, public buildings, etc. pellets, etc. In addition to fast charging services, slow charging is also expected to become popular, but fast charging services have a wider user base. In addition, developed and developing economies increasingly provide convenient electric vehicle charging services to consumers. As a result, the electric vehicle charging as a service market will also witness growth. The government supports electric vehicle charging as a service provider for the development of charging services at car parks.
Bright Opportunity For Commercial Bay And Business Complexes
New jobs are needed in the design, manufacture, installation and maintenance of electric vehicle charging stations. Although the electric vehicle market has grown tremendously in the past 10 years, there is still a long way to go as more and more people switch to electric vehicles. In addition, wireless charging, faster DC fast charging, plug and charge adoption, utility demand, and two-way charging are all technological breakthroughs that need to be realized in charging stations for electric vehicles. There is a huge growth in employment available within the company due to the installation of more charging stations and the advancement of future charging technologies.
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Segmentation Analysis Of Charging as a Service
By Type, the AC segment dominates the Charging as a Service Market. The primary benefit of AC stations is that they are inexpensive. They are 7x-10x less expensive than comparable DC charging stations. Their second advantage is that, because of their cheaper price, they are considerably more widely available.
By Level of Charging, Level 3 is anticipated to dominate the Charging as a Service Market. Level 3 charging is the quickest available and can recharge an electric vehicle at a pace of 3 to 20 miles per minute.
By Charging Service, Battery Charging Service dominates the Charging as a Service Market. Currently, governments across the globe are pushing the EV market by heavily investing in the growth of EV charging infrastructure to attract more crowds to Electric vehicles.
By Level of Charging
• Level 1
• Level 2
• Level 3
By Charging Service
• Battery Charging Service
• Battery Swapping Service
Regional Analysis Of Charging as a Service Market:
The Europe region dominates the Charging as a Service Market. The European market has evolved to the largest market in EV sales and registration in 2020 by crossing China. In terms of adoption, the European government has been a major force in terms of pushing the electric vehicle agenda to reduce the dependency on fossil fuels. The number of new electric car registrations has more than quadrupled to 1.4 million, representing a 10% market share. Germany registered 395 000 new electric cars in the major market, whereas France registered 185 000. Registrations in the United Kingdom more than quadrupled, reaching 176 000. With such growing numbers of EV sales, charging infrastructure is one of the important factors which boost the overall market for Charging as a service.
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• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
• Middle East & Africa (GCC Countries, South Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of South America)
Players Covered in Charging as a Service Market are:
• EVgo Services LLC.
• ChargePoint Inc.
• Blink Charging Co.
• Schneider Electric
• Toshiba Corporation
• Wi Tricity Corporation
• Mojo Mobility Inc.
• AeroVironment Inc.
• Robert Bosch GmbH
• General Electric
• Evatran Group
• Chargemaster plc
• Siemens AG
• Tesla. and othert major players.
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Key Industry Developments In Charging as a Service Market:
March 2022, The Save Mart Companies, California's biggest regional grocer with more than 200 stores throughout California and Northern Nevada, has announced an extension of its EVgo Advantage program in cooperation with EVgo Inc, the world's largest public fast-charging network for electric cars (EVs).
March 2022, Enel X, the Enel Group's advanced energy services arm, and Ok2Charge have formed a partnership in which Enel X will provide Ok2Charge with co-branded smart electric vehicle charging stations to be installed across vacation rental properties around the world, allowing guests to charge while staying there.
Table Of Content
Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
3.1 By Type
3.2 By Level Of Charging
3.3 By Charging Service
Chapter 4: Market Landscape
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Supplier
4.1.2 Threat of New Entrants
4.1.3 Threat of Substitutes
4.1.4 Competitive Rivalry
4.1.5 Bargaining Power Among Buyers
4.2 Industry Value Chain Analysis
4.3 Market Dynamics
4.4 Pestle Analysis
4.5 Technological Roadmap
4.6 Regulatory Landscape
4.7 SWOT Analysis
4.8 Price Trend Analysis
4.9 Patent Analysis
4.10 Analysis of the Impact of Covid-19
4.10.1 Impact on the Overall Market
4.10.2 Impact on the Supply Chain
4.10.3 Impact on the Key Manufacturers
4.10.4 Impact on the Pricing
Chapter 4: Charging as a Service Market by Type
4.1 Charging as a Service Market Overview Snapshot and Growth Engine
4.2 Charging as a Service Market Overview
4.3.1 Introduction and Market Overview
4.3.2 Historic and Forecasted Market Size (2016-2028F)
4.3.3 Key Market Trends, Growth Factors and Opportunities
4.3.4 AC: Grographic Segmentation
4.4.1 Introduction and Market Overview
4.4.2 Historic and Forecasted Market Size (2016-2028F)
4.4.3 Key Market Trends, Growth Factors and Opportunities
4.4.4 DC: Grographic Segmentation
Chapter 5: Charging as a Service Market by Level Of Charging
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