Press release
Global Electric Vehicle (EV) Charging Equipment Market 2023 By Manufacturers, Regions, Type And Application, Forecast To 2030
The Global Electric Vehicle (EV) Charging Equipment Market is anticipated to develop at a significant growth rate over the analysis period, and for the market estimations, 2021 is considered the base year.
EV charging equipment is an electronic device used to replenish the battery of electric vehicles, including passenger cars and light commercial vehicles. It acts as a crucial intermediary between a power source and a vehicle with a depleted battery. Typically, EV charging equipment takes the form of a fixture directly connected to an electrical distribution panel or an outlet. It is user-friendly, environmentally friendly, and offers safety features like protection against sparks and electric shocks. Growing concerns over vehicle emissions and government regulations aimed at reducing carbon footprints are fueling the demand for electric vehicles.
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Key Players For The Electric Vehicle (EV) Charging Equipment Market
• Blink Charging Co.
• NEMA
• ABB
• General Electric
• Siemens Corporation
• Etrel
• TOSHIBA ELECTRONIC DEVICES & STORAGE CORPORATION
• Garo
• Liquid Sky Technologies
• Qualcomm Halo
• Leviton Manufacturing Co. Inc.
• Eaton Corporation
• Fuji Electric co. Ltd.
• Bosch Automotive Service Solutions Inc.
• Andromeda Power LLC
• Delphi Automotive PLC and Other Major Players.
Market Dynamics:
Driver:
The increasing focus on reducing carbon emissions and combating climate change has led to stricter emission regulations for vehicles. This, coupled with growing environmental consciousness among consumers, is driving the demand for electric vehicles and, subsequently, the need for EV charging equipment. Governments worldwide are implementing various initiatives and offering incentives to promote the adoption of electric vehicles and develop charging infrastructure. These include tax benefits, subsidies, grants, and investments in charging infrastructure, which is driving the growth of the EV charging equipment market.
Opportunities:
The expansion and development of charging infrastructure present significant opportunities for the EV charging equipment market. As the adoption of electric vehicles increases, there is a need for more charging stations in public places, commercial areas, and residential complexes, creating opportunities for the installation of EV charging equipment. furthermore, The integration of EV charging infrastructure with the smart grid enables efficient management of energy demand and grid stability. It allows for the optimization of charging patterns, load balancing, and the incorporation of renewable energy sources. The implementation of smart grid integration offers opportunities for innovation and growth in the EV charging equipment market.
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Market Segmentation
By Charger Type
• DC Charger
• AC Charger
By Application
• BEV
• HEV
• PHEV
By End Users
• Residential Charging Stations
• Commercial Charging Stations
By Region
• North America (US, Canada, Mexico)
• Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
• Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
• Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
• South America (Brazil, Argentina, Rest of SA)
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Key Industry Developments In The Electric Vehicle (EV) Charging Equipment Market
In August 2021, Siemens announced its intention to invest in and expand its U.S. manufacturing operations to support America's electric vehicle infrastructure. The VersiCharge Level 2 AC series product line of commercial and residential EV chargers will be added to the company's existing EV infrastructure manufacturing footprint. With this addition, Siemens plans to produce over 1 million electric vehicle chargers for the United States over the next four years.
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 Charger Type
3.2 By Applications
3.3 By End Users
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
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.5.4 Challenges
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 5: Electric Vehicle (EV) Charging Equipment Market by Charger Type
5.1 Electric Vehicle (EV) Charging Equipment Market Overview Snapshot and Growth Engine
5.2 Electric Vehicle (EV) Charging Equipment Market Overview
5.3 DC Charger
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size (2016-2028F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 DC Charger: Geographic Segmentation
5.4 AC Charger
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size (2016-2028F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 AC Charger: Geographic Segmentation
Chapter 6: Electric Vehicle (EV) Charging Equipment Market by Applications
6.1 Electric Vehicle (EV) Charging Equipment Market Overview Snapshot and Growth Engine
6.2 Electric Vehicle (EV) Charging Equipment Market Overview
6.3 BEV
6.3.1 Introduction and Market Overview
6.3.2 Historic and Forecasted Market Size (2016-2028F)
6.3.3 Key Market Trends, Growth Factors and Opportunities
6.3.4 BEV: Geographic Segmentation
6.4 HEV
6.4.1 Introduction and Market Overview
6.4.2 Historic and Forecasted Market Size (2016-2028F)
6.4.3 Key Market Trends, Growth Factors and Opportunities
6.4.4 HEV: Geographic Segmentation
6.5 PHEV
6.5.1 Introduction and Market Overview
6.5.2 Historic and Forecasted Market Size (2016-2028F)
6.5.3 Key Market Trends, Growth Factors and Opportunities
6.5.4 PHEV: Geographic Segmentation
Chapter 7: Electric Vehicle (EV) Charging Equipment Market by End Users
7.1 Electric Vehicle (EV) Charging Equipment Market Overview Snapshot and Growth Engine
7.2 Electric Vehicle (EV) Charging Equipment Market Overview
7.3 Residential
7.3.1 Introduction and Market Overview
7.3.2 Historic and Forecasted Market Size (2016-2028F)
7.3.3 Key Market Trends, Growth Factors and Opportunities
7.3.4 Residential: Geographic Segmentation
7.4 Commercial
7.4.1 Introduction and Market Overview
7.4.2 Historic and Forecasted Market Size (2016-2028F)
7.4.3 Key Market Trends, Growth Factors and Opportunities
7.4.4 Commercial: Geographic Segmentation
Chapter 8: Company Profiles and Competitive Analysis
To be continue…
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