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Electric Vehicle Supply Equipment Market By Power Type (AC Power and DC Power), Product (Portable Charger, EV Charging Kiosk, Onboard Charging Station, and Others), Charging Station Type (Normal Charging, Super Charging, and Inductive Charging), and Application (Commercial and Residential): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026
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Electric Vehicle Supply Equipment Market
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Industry Insights
This specialized and expertise oriented industry research report scrutinizes the technical and commercial business outlook of the electric vehicle supply equipment industry. The report analyzes and declares the historical and current trends analysis of the electric vehicle supply equipment industry and subsequently recommends the projected trends anticipated to be observed in the electric vehicle supply equipment market during the upcoming years.
The electric vehicle supply equipment market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire electric vehicle supply equipment market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of value (USD Million) from FY 2016 – 2026.
The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the electric vehicle supply equipment industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.
Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the electric vehicle supply equipment industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the electric vehicle supply equipment market.
The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the electric vehicle supply equipment industry. The electric vehicle supply equipment market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.
The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the electric vehicle supply equipment sector. Key strategic developments in the electric vehicle supply equipment market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the electric vehicle supply equipment market are appropriately highlighted in the report.
The electric vehicle supply equipment market research report delivers an acute valuation and taxonomy of the electric vehicle supply equipment industry by practically splitting the market on the basis of different types, category and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the electric vehicle supply equipment industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the electric vehicle supply equipment industry is provided for the leading economies of the world.
Electric vehicle supply equipment is generally referred as charging dock OR charging station. These equipment provide power to electric vehicles for charging EV batteries. Electric vehicle supply equipment are used for charging plug-in electric vehicles such as electric cars, etc. Charging stations offer a wide range of special connectors to meet various standards.
In recent years, the number of electric vehicles sold in developed countries has increase significantly owing to government policies and subsidiaries on electric vehicles. This has driven the adoption of EV, which in turn has led to an increase in the investment of charging stations. Such rising investment in electric vehicle charging infrastructure is driving the global electric vehicle supply equipment market. Moreover, automakers are also installing new private electric charging stations for creating a wide spread network of charging stations. This has been also a key growth fueling factor for the global electric vehicle supply equipment market.
The electric vehicle supply equipment market is segmented based on power type, product, charging, application, and region. On the basis of power type segmentation, the market is classified into AC power and DC power. On the basis of product, the market is classified into portable charger, EV charging kiosk, onboard charging station, and others. On the basis of charging station type, the market is classified into normal charging, super charging, and inductive charging. On the basis of application, the market is classified into commercial and residential.
Some of the essential players operating in the electric vehicle supply equipment market, but not restricted to include AeroVironment Inc., ABB Ltd., ChargePoint Inc., ClipperCreek Inc., Chargemaster PLC, Eaton Corporation, Leviton Manufacturing Co. Inc., Siemens, and Others.
The taxonomy of the electric vehicle supply equipment industry by its scope and segmentation is as follows:
By Power Type Segmentation Analysis
- AC Power
- DC Power
By Product Segmentation Analysis
- Portable Charger
- EV Charging Kiosk
- Onboard Charging Station
- Others
By Charging Station Type Segmentation Analysis
- Normal Charging
- Super Charging
- Inductive Charging
By Application Segmentation Analysis
- Commercial
- Residential
Regional Segmentation Analysis
- North America
- The U.S.
- Canada
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Covid-19
Electric Vehicle Supply Equipment Market
The pandemic continues to cause unprecedented disruption across industries worldwide.Get detailed insights regarding the impact of COVID-19 on the market. Request Sample
Table of Content
Covid-19
Electric Vehicle Supply Equipment Market
The pandemic continues to cause unprecedented disruption across industries worldwide.Get detailed insights regarding the impact of COVID-19 on the market. Request Sample
Key Insights from Primary Research
- As per our primary respondents, the global electric vehicle supply equipment market is expected to grow at a CAGR of nearly 33% over projected period.
- Soaring investment in developing commercial EV charging infrastructure is a key factor fueling the electric vehicle supply equipment market.
- Based on application, the commercial segment dominated to the global electric vehicle supply equipment market in 2019, accounting for a market share of around 70%.
- Our primary respondents estimated that development of smart charging infrastructure is anticipated to create new avenues for the global electric vehicle supply equipment market.
- By geography, the North America region held a major share of approximately 40% in the global electric vehicle supply equipment market in 2019.
Key Recommendations from Analysts
- According to our automotive analysts, government benefits and tax benefits have attracted private companies and customers for installing EV charging infrastructure has contributed to rising commercialization of ESEV's.
- The global electric vehicle supply equipment market was valued at approximately USD 18 billion in 2019 and is anticipated to grow to a market value of nearly USD 140 billion by 2026.
- Our analysts recommend that the Asia Pacific region is predicted to foresee a rapid growth attributed to the rapid growing EV sector in China.
- In terms of power type, the DC power segment held a major share in the global electric vehicle supply equipment market in 2019, constituting for a market share of nearly 65%.
- Based on charging station type, the normal charging segment dominated the global electric vehicle supply equipment market in 2019, accounting for a market share of around 40%.
Market Share Analysis by Application
Covid-19
Electric Vehicle Supply Equipment Market
The pandemic continues to cause unprecedented disruption across industries worldwide.Get detailed insights regarding the impact of COVID-19 on the market. Request Sample
Industry Major Market Players
- AeroVironment Inc.
- ABB Ltd.
- ChargePoint Inc.
- ClipperCreek Inc.
- Chargemaster PLC
- Eaton Corporation
- Leviton Manufacturing Co. Inc.
- Siemens
Frequently Asked Questions
Which key factors will influence the Electric Vehicle Supply Equipment Market growth over 2021-2028?
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