The global electric vehicle supply equipment market is witnessing a steady growth because of the ever increasing demand for electric vehicles all over the world. An electric vehicle supply equipment is an assembly that supplies electric energy to the electric vehicles for the purpose of recharging of batteries at home or at public spaces. Due to the increasing awareness about environmental problems, such as global warming and air pollution because of utilization of the carbon based fuels, governments are encouraging the use of electric vehicles to tackle such problems. Hence, to ensure that more and more people buy electric vehicles, several governments have introduced various subsidies in the form of exemption from paying taxes related to vehicles. On the other hand, manufacturers are working overtime on reducing their cost of production of electric cars, and introducing more sophisticated models of electric vehicles in affordable prices. Due to such factors, which promote the sale of electric vehicles, consequently, the market for electric vehicle supply equipment will also receive a boost due to this.
The electric vehicle supply equipment or systems are the products or assemblies installed in order to safely deliver and manage electrical energy between an electric vehicle and an electrical source. Such type of assemblies are also known as an electric vehicle charging station, EV charging station, electric recharging point, and charging point. The electric vehicle charging equipment supplies electricity for the purpose of recharging electric vehicles such as plug-in electric vehicles, electric cars, and hybrid vehicles.
According to the assessment of Persistence Market Research, the global electric vehicle supply equipment market is forecasted to reach a figure of about US$ 726 Mn by 2022, and is poised to exhibit a moderate CAGR in the period of assessment.
North America Market Set to Dominate the Global Electric Vehicle Supply Equipment Market in Terms of Revenue
The market in North America is set to dominate the global electric vehicle supply equipment market in terms of value, and this trend is projected to sustain itself throughout the assessment period. North America electric vehicle supply equipment market is the most attractive market, growing at a moderate CAGR over the forecast period.
Level 1 (≤ 3.7 kW) Segment Poised to Touch a Value of Nearly US$ 162 Mn in 2022
According to the projections of Persistence Market Research, the level 1 (≤ 3.7 kW) segment is expected to reach a value of about US$ 162 Mn by the year 2022. This signifies a moderate CAGR during the forecast period of 2017-2022. The level 1 (≤ 3.7 kW) segment is estimated to account for more than one-fifth of the revenue share of the charger type segment by the end of the year 2017 and is expected to lose in market share by 2022 over 2017.
Residential Segment to Exhibit a CAGR of 5.1% During the Assessment Period
According to the assessment of Persistence Market Research, the residential segment is poised to touch a figure of about US$ 134 Mn in the year 2022. This signifies a CAGR of 5.1% during the assessment period from 2017 till the year 2022. The residential segment is estimated to account for nearly one-fifth of the revenue share of the end-user segment by the end of the year 2017 and is projected to gain a hike in its market share by 2022 over 2017.
The report also profiles companies that are expected to remain active in the expansion of global electric vehicle supply equipment market through 2022, which include ChargePoint, Inc., ABB Ltd, Tesla Inc., Eaton Corporation PLC, SemaConnect, Inc., General Electric Company, AeroVironment, Inc., Car Charging Group, Inc., Schneider Electric S.E. and Robert Bosch GmbH.
Persistence Market Research delivers yet another unbiased, comprehensive and insightful report titled ‘Electric Vehicle Supply Equipment Market: Global Industry Analysis (2012-2016) and Forecast (2017-2022)’. In this report, the global electric vehicle supply equipment market is explored in great detail, and the market dynamics of the global electric vehicle supply equipment market has been covered comprehensively, explaining the report readers about the drivers, restraints and trends operating in this highly competitive market. Also, analysis of the data over different parameters has been done in order to arrive at market numbers concerning the global electric vehicle supply equipment market. Besides, competition landscape of the global electric vehicle supply equipment market is also covered in this report, giving information about the key companies operating in the global electric vehicle supply equipment market.
In the first part of the report, the executive summary and the introduction are given. The executive summary offers an overview of the global electric vehicle supply equipment market and gives pertinent market numbers that are most significant, and include the historical CAGR growth from 2012 to 2016 and the forecasted CAGR from the year 2017 to the end of the forecast period. Information about lucrative markets from the point of view of leading revenue share and highest CAGR are also included in the executive summary.
In the introduction section, the electric vehicle supply equipment market is defined in detail so that the report readers are clear about the scope of this market. The next section of the report provides information on key dynamics of the electric vehicle supply equipment market. Key points covered in this section include the global economy, fiscal stimulus and bottom line of enterprises.
In the subsequent section of the report, information is given on the cost structure analysis and pricing analysis of the global electric vehicle supply equipment market. An analysis on the market presence of key participants (intensity map) is also offered in this section.
The next part of the report consists of the global electric vehicle supply equipment market analysis and forecast by charger type, end-user and region. This section of the report contains important market numbers in the form of year-on-year growth comparison, market share comparison, and revenue comparison. The global electric vehicle supply equipment market is also analysed across key regions- North America, Latin America, Europe, Japan, APEJ and MEA.
The last section of the report contains the competition landscape, where leading market players operating in the global electric vehicle supply equipment market are profiled in detail. This information is in the form of company overview, product overview, key financials and key developments pertaining to that particular company. The competition landscape also features the SWOT analysis of the selected companies, which gives the report readers information about the strengths, weaknesses, opportunities and the threats that such companies operating in the global electric vehicle supply equipment market are facing. The competition landscape is an invaluable part of the report as it contains all the necessary information to study leading companies operating in the global electric vehicle supply equipment market and how they implement their strategies and vision to stay at the forefront in this highly competitive market.
PMR leverages a tested and proven research methodology for determining the revenue estimations of the global electric vehicle supply equipment market. In-depth secondary research is used to arrive at the overall market size and top industry players. A list of industry players (manufacturers), distributors, retailers, and industry experts is developed along with a comprehensive discussion guide for detailed and exhaustive primary interviews. The data obtained is then scrutinized using advanced tools to glean pertinent insights into the global electric vehicle supply equipment market.