Combined Charging System Market Dynamics, Forecast, Analysis and Supply Demand 2017 – 2027

In today’s scenario, energy efficiency is on high demand, boosted by a foremost concern with climatic changes and by the increasing fuel prices in region that have a significant dependency on imported fossil fuels. A large amount of oil consumption is dependent upon the transportation sector and large portion is used by street vehicles. The transportation sector is going to increase their share in world’s oil consumption by more than 50% by 2030. Regarding to this concern, the demand for electric vehicles is increasing day-by-day, which will support the demand for combined charging system.

The combined charging system includes connector and inlet combination as well as control functions. These manages the communication between EV charging point and electric vehicle. Combined charging system (CSS) deliver high voltage direct current via special electrical connector derived from SAE J1772 (IEC Type 2) and (IEC Type 1) connector. Connector geometries are available for Type 2 (Europe) and Type 1 (North America). These system are developed by leading manufacturers and are used by large number of electric vehicles. For instance, the European Commission (EU) identified use of Type 2 (CCS) charging system in line with IEC 62196 as a uniform standard throughout European countries. Many of the manufacturers support the demand for combined charging system.

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Combined Charging System Market: Dynamics

Growing demand of electric vehicles coupled with strong support from main car manufacturers (ACEA to combo standard and Japanese manufacturers to CHAdeMO) are expected to drive the demand for combined charging systems. Moreover, advanced technology of this system which help to charge electric vehicle in less than thirty minutes will drive the demand of combines charging systems. However, relative high cost of this system (installation and operation of charging points) will restraint the growth of the market in future. Also, customer’s preference towards fuel vehicle over electric vehicle would hamper the demand for combined charging system.

Combined Charging System Market: Outlook/Trend

The MEA region have adopted the European standard type 2 connector for AC charging; on the other hand, the introduction of a combined charging system is still being debated. In terms of DC charging, CHAdeMO charging stations are being installed. North America and Europe also have their own fast Combined Charger System (CCS) and standards. This type of charging station is supported by majority of car manufacturers, such as Chrysler, BMW, VW, GM, Daimler, Porsche, Audi and Ford. Since 2013, the vehicles with CCS standard using fast DC charging capability, have been on road from a way long back.

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Electric vehicles are currently seen by many countries as a way forward preferred choice for public transport. Factors such as addressing climate concern, such as in electric vehicles, may help to overcome the problems with energy security and dependence on traditional fuel. The governments are providing subsidies to support the manufacturers to establish their plants in their region. Moreover, the government and OEMs are investing in infrastructure to install charging station in their country. For instance, Nissan is growing efforts to install charging station, which will help the customers to charge their vehicles free of cost. With the aforementioned reasons, the demand for combined charging system will increase in the near future.

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