With increasing sales of Electric Vehicles (EVs) paired with the support from the local governments increased, the need for EV charging outlet's network have increased considerably. Over the past few years several incentives, subsidies and tax rebates have been allowed by the governmental figures to promote zero emission vehicles. The growing focus on green mobility consequently increased the need for easy accessibility of the charging structures to keep them running. Across the world, the local governments have planned to increase the installation base of EVs both at private and public locations. Owing to this, the number of EV charging outlets have increased, however the number of chargers at private location dominate the public segment. The increased ownership of EVs and lack of public EV chargers are attributed to be the major factor for the dominance of private places (home and workplace) in the industry. However the legislative bodies have agreed that the green mobility revolution is possible only with the sufficient availability of the charging systems at public locations. As a result the investment in public EV charging infrastructures have considerably increased. For instance, in February 2018, European Union commission approved US$ 81 million for public electric buses and charging infrastructure in Germany. In addition to this, several local governments also declared to increase the installation base of public EV charging outlets in their respective countries. For instance, in June 2017, South Korean government planned to increase the number of public EV chargers to 3,000 by 2020 and 6,000 by 2025. Similarly, in March 2018, Germany's new government planned to install 100,000 public EV charging outlets by 2020.
Owing to the substantial promotional packages of government plans, the EV charging outlets industry is anticipated to propel in the years to come. Among different types of chargers, slow chargers are expected to dominate the market however, fast chargers are expected to grow at highest CAGR of 37.1% during the forecast period. Based on power level offered to the EVs, slow EV chargers can be of two type level 1 and level 2 chargers. Level 1 chargers charge the EVs through 120V supply and takes approximately 12 hours to charge a fully depleted battery. On the other hand, level 2 chargers through 240V supply and takes 6-8 hours charging time. The fast chargers or level 3 are known as rapid charger, as they take only 20-30 minutes charging time to completely charge the electric vehicle, however high equipment and installation cost of the level 3 chargers make level 2 chargers more preferred charger type. Level 2 chargers are anticipated to reach 14.11 billion in volume by 2025.
Electric vehicles can be charged through different modes, such as wireless and plug-in charging. The plug-in chargers dominate the market, however, the wireless chargers are steading catching up the speed. As Plugless Power expanded its business to provide its wireless charging kit to BMW i3, Mercedes S550e and Tesla Model S for more than US$ 3,000. Similarly, General Motors is working with WiTricity to test wireless EV charging system in vehicles. Owing to this, the wireless chargers are expected to grow at the fastest rate of 40.5% during the forecast period. Furthermore, across different geographies, Asia Pacific (APAC) dominated the market in 2017 and is expected to remain the largest market for EV charging outlets during the forecast period. The growing market of EVs, supportive governmental programs and initiatives and continuously decreasing cost of batteries, especially in China are attributed to be the major factors behind the highest market share of Asia-Pacific region.
Some of the major key players operating in the global EV charging outlets market includes BYD, EVBox, EVgo, Eaton Corporation., Tesla Inc., ChargePoint Inc., The New Motion, Fortum, General Electric and Schneider Electric. These players are entering into several strategies partnerships, merger-acquisitions, joint-ventures, product launches and business expansions to strengthen their position in the EV charging outlets market. Top players in the market are partnering with governments in their initiate to electrify their transportation sector through wide adoption of electric vehicle, which in turn would increase the overall market for EV charging infrastructure. In addition, to the tie-ups with governments these companies are also investing in the EV charging infrastructure to increase their presence, in turn market share in the fast growing electric vehicle charging infrastructure market.
Electric vehicle charging outlet is the infrastructural element that provides energy for recharging the electric vehicle (EV). The installation of charging outlet is continuously growing and is expected to grow exponentially in the coming decade. Increasing sales of EV, government regulations on greenhouse gases, government incentives and tax rebates on charging outlet installations are attributed to be the major drivers for the market growth. At the global level, almost all the countries have their own futuristic models for electric vehicle and charging installations. Such optimistic view towards the market is anticipated to fuel the market in the coming years. However high cost associated with the equipment and its installation is enormously hampering the market growth of Electric vehicle charging outlet. The impact of this restraint is expected to be high during the forecast period (2018-2025). Meanwhile, countries such as India, Brazil, and South Korea among others, which are developing rapidly on the technological front, are anticipated to be the key growth areas in this industry.
Market Segmentation:
Electric vehicle charging outlets market is segmented on the basis of deployment type i.e. public or private (home, commercial building, shopping malls, private parking spaces etc.) charging outlets. Among these two types of charging outlets, public charging outlets dominated the market in 2017 and is expected to maintain its dominance during the forecasted period. In the coming years, both the segments are anticipated to grow, however the public application is expected to growth at a higher pace than the private applications. Factors such as rise in support by the governmental bodies and the ease in usage of the public charging outlets are propelling the growth of the public Electric Vehicle Charging Outlets market. Based on efficiency of charging the Public and private charging outlets are bifurcated into slow and fast chargers. Low cost of the equipment and its installation are the primary factors behind the major share of slow chargers. However fast chargers take less time compared to slow chargers to completely charge the electric vehicle.
The market is further segmented based on the level of charging including Level 1 (0-120 Volt, 15 Amps), Level 2 (121-240 volts, 30 Amps), Level 3 (241 volts & above, 100 Amps). Level 1 and Level 2 chargers are slow chargers, wherein Level 3 are the DC fast chargers. Level 2 chargers dominated the market as these chargers are deployed in both home and public placed such as commercial building, shopping malls, private parking spaces etc. In addition, low cost of installing level 2 charger also help the market to gain more momentum compared to level 3 chargers. On the basis of mode of charging, the market is segmented into plug in and wireless chargers. In 2017, plug in chargers dominated to market with more than 90% share, followed by wireless. However, wireless chargers are expected to witness highest CAGR growth during the forecasted period.
Electric Vehicle Charging Outlets market is further segmented across several geographical regions to provide a better picture of the industry. This segment includes regions such as North America, Europe, Asia Pacific, and rest of the world. These regions are further analysed on the country level to understand the penetration of electric vehicle and charging infrastructure in the country. Owing to the tremendous sale of EVs in China, Asia Pacific held the largest share in electric vehicle charging outlets market. In addition, China is registered as the maximum revenue generator in 2017, the country also planned to deploy 5 million EVs on road by 2020. Hence the growing number of EVs in Asia Pacific is driving the market for charging outlets in the region.
Major Market Players:
Some of the key players profiled in the global electric vehicle charging outlets market report are BYD Company Ltd, ChargePoint Inc., Eaton Corporation, EV BOX, Evgo, Fortum, General Electric Company, Schneider Electric SE, Tesla Inc. and The New Motion. These players are adopting several market strategies, such as merger, acquisition, and collaboration, among others to strengthen their foothold in the industry.
Reasons to buy this report:
Historical and forecasted market volume validated through primary and secondary sources
In depth analysis of prominent industry peers with primary focus on key business financials, product portfolio, expansion strategies, SWOT analysis and recent developments
Examination on drivers, restraints, key trends and opportunities prevailing in the industry
Regulatory scenario, programs, investments and initiatives for EV charging outlets present in different countries & region
Examination of industry attractiveness with the help of Porter's Five Forces analysis
Comprehensive coverage of the market across different market segments
Deep dive country level analysis of the industry
Customization Options:
The Global EV Charging Outlets Market can be customized to regional/country level or any other market segment. Besides this, UMI understands that you may have your own business need, please connect with our analyst, who will ensure you get a report that suits your needs.
Table of Contents
1 MARKET INTRODUCTION
1.1 Market Definition
1.2 Objective of the Study
1.3 Limitation
1.4 Stakeholders
1.5 Currency used in the Report
2. RESEARCH METHODOLOGY OR ASSUMPTION
2.1 Secondary Data
2.1.1 Key Secondary Sources
2.2 Primary Data
2.2.1 Sampling Techniques & Data Collection Methods
2.2.2 Primary Participants
3. REGULATORY FRAMEWORK AND KEY DEVELOPMENT
3.1 General Overview
3.1.1 North America Key Development for EV & EV Charging Infrastructure
3.1.2 European Key Development for EV & EV Charging Infrastructure
3.1.3 Asia Pacific (APAC) Key Development for EV & EV Charging Infrastructure
3.1.4 Rest of World (RoW) Key Development for EV & EV Charging Infrastructure
4. INDUSTRY PERFORMANCE
5. EXECUTIVE SUMMARY
6. MARKET OVERVIEW
6.1 Introduction
6.2 Market Dynamics
6.2.1 Market Trend & Drivers
6.2.1.1 Stringent Government Regulations to Reduce Carbon Emission
6.2.1.2 Rise in Ownership of Electric Vehicles
6.2.1.3 Increase in Governmental and Private Investments for EV Adoption
6.2.1.4 Falling Price of Electric Vehicle batteries
6.2.2 Market Challenges
6.2.2.1 High Price of EVs Coupled With Availability of Substitute
6.2.2.2 High price of Outlet Hardware and its Installation
6.2.2.3 Ambiguity in Charging Standards
6.2.3 Market Opportunities
6.2.3.1 Increasing Demand of EVs in Emerging Asian Countries
6.2.3.2 Increased Government Initiatives to Electrify Transport Sector
6.2.3.3 Growing Adoption of Solar EV Charging Stations
7. KEY MARKET INDICATORS
7.1 General Overview
7.1.1 Demand and Supply Side Analysis
7.1.1.1 Top Winning Strategies
7.1.1.1.1 Top Product launches
7.1.1.1.2 Top Business Expansions
7.1.1.1.3 Top Investments
7.1.1.1.4 Top Acquisition and Collaborations
7.1.2 Value Chain Analysis
8. PRICING ANALYSIS OF EV CHARGING OUTLETS
8.1 General Overview
8.2 Cost of Residential Chargers
8.3 Cost of Public Chargers
8.3.1 Public Slow (AC) Chargers
8.3.2 Public Fast (DC) Chargers
8.4 Other Costs
8.5 Regional Cost Analysis
8.5.1 North America Costing Analysis of EV Charging Outlets
8.5.2 Europe Costing Analysis of EV Charging Outlets
8.5.3 Asia Pacific Costing Analysis of EV Charging Outlets
8.6 Areas of Cost Reduction
9. MARKET INSIGHTS, BY DEPLOYMENT TYPE
9.1 General Overview
9.1.1 Public Charging Outlets
9.1.2 Private Charging Outlets
10. MARKET INSIGHTS, BY CHARGER TYPE
10.1 General Overview
10.1.1 Slow Charging Outlets
10.1.2 Fast Charging Outlets
11. MARKET INSIGHTS, BY LEVEL OF CHARGING
11.1 General Overview
11.1.1 Level 1 Charger
11.1.2 Level 2 Chargers
11.1.3 Level 3 Chargers
12. MARKET INSIGHTS, BY MODE OF CHARGING
12.1 General Overview
12.1.1 Plug-In Charging Outlets
12.1.2 Wireless Charging Outlets
13. MARKET INSIGHTS, BY REGION
13.1 General Overview
13.2 North America EV Charging Outlets Market (2018-2025)
13.2.1 GHG Emissions in North America, by Country
13.2.2 North America EV and Charging Outlets Count, (2014 & 2017)
13.2.3 North America EV Charging Outlets Forecast, by Volume (2018-25)
13.2.4 North America EV Charging Outlets Market, by Deployment Type
13.2.5 North America EV charging Outlets Market, by Charger Type
13.2.6 North America EV charging Outlets Market, by Level of Charging
13.2.7 North America EV charging Outlets Market, by Mode of Charging
13.2.8 North America EV charging Outlets Market, by Country
13.2.8.1 The United States EV Charging Outlet Market
13.2.8.1.1 U.S. EV and Public EV Charging Outlets, by Volume (2014-17)
13.2.8.1.2 Government Programs & Initiatives
13.2.8.1.3 EV Charging Outlets & Outlets in North-Eastern State of US
13.2.8.1.4 The US Charging Outlets Forecast, by Volume (2018-25)
13.2.8.2 Canada EV Charging Outlet Market
13.2.8.2.1 Canada EV and Public EV Charging Outlets Volume (2011-2017)
13.2.8.2.2 Government Programs & Incentives
13.2.8.2.3 Canada Charging Outlets Forecast, by Volume (2018-25)
13.2.8.3 Rest of North America EV Charging Outlet Market
13.2.8.3.1 Mexico EV and Public EV Charging Outlets, by Volume (2014-2017)
13.2.8.3.2 Government Programs and Initiatives for Public Charging Outlets
13.2.8.3.3 Rest of NA Charging Outlets Forecast, by Volume (2018-25)
13.3 Europe EV Charging Outlet Market (2018-2025)
13.3.1 Top Greenhouse Gas Emitters in Europe
13.3.2 Government Programs and Initiatives for Public Charging Outlets
13.3.3 Europe EV Charging Outlets Count, by Volume (2014 & 2017)
13.3.4 Europe Charging Outlets Forecast, by Volume (2018-25)
13.3.5 Europe EV charging Outlets Market, by Deployment Type
13.3.6 Europe EV Charging Outlet Count, by Charger Type
13.3.7 Europe EV Charging Outlet Count, by Level of Charging
13.3.8 Europe EV Charging Outlet Count, by Mode of Charging
13.3.9 Europe EV charging Outlets Market, by Country
13.3.9.1 France EV Charging Outlet Market
13.3.9.1.1 France EV & Public EV Charging Outlets, by Volume (2011-2017)
13.3.9.1.2 Government Programs and Initiatives for Public Charging Outlets
13.3.9.1.3 France Charging Outlets Forecast, by Volume (2018-25)
13.3.9.2 Germany EV Charging Outlet Market
13.3.9.2.1 Germany EV Charging Outlets Count, by Volume (2011-2017)
13.3.9.2.2 Government Programs and Initiatives for Public Charging Outlets
13.3.9.2.3 Germany Charging Outlets Forecast, by Volume (2018-25)
13.3.9.3 The Netherlands EV Charging Outlet Market
13.3.9.3.1 The Netherlands EV & Public EV Charging Outlets Count (2011-17)
13.3.9.3.2 Government Programs and Initiatives for Public Charging Outlets
13.3.9.3.3 Netherlands Charging Outlets Forecast, by Volume (2018-25)
13.3.9.4 Norway EV Charging Outlet Market
13.3.9.4.1 Norway EV & Public EV Charging Outlets Count (2011-17)
13.3.9.4.2 Government Programs and Initiatives for Public Charging Outlets
13.3.9.4.3 Norway Charging Outlets Forecast, by Volume (2018-25)
13.3.9.5 Portugal EV Charging Outlet Market
13.3.9.5.1 Portugal EV & Public EV Charging Outlets Count (2011-17)
13.3.9.5.2 Government Programs and Initiatives for Public Charging Outlets
13.3.9.5.3 Portugal Charging Outlets Forecast, by Volume (2018-25)
13.3.9.6 Sweden EV Charging Outlet Market
13.3.9.6.1 Sweden EVs and Public EV Charging Outlets Count (2011-17)
13.3.9.6.2 Government Programs and Initiatives
13.3.9.6.3 Sweden Charging Outlets Forecast, by Volume (2018-25)
13.3.9.7 The United Kingdom EV Charging Outlet Market
13.3.9.7.1 UK EV and Public EV Charging Outlets (2011-17)
13.3.9.7.2 Government Programs and Initiatives for Public Charging Outlets
13.3.9.7.3 The U.K. Charging Outlets Forecast, by Volume (2018-25)
13.3.9.8 Rest of Europe EV Charging Outlet Market
13.3.9.8.1 Rest of Europe EV Charging Outlets Volume (2014-17)
13.3.9.8.2 Government Programs and Initiatives for Public Charging Outlets
13.3.9.8.3 Rest of Europe Charging Outlets Forecast, by Volume (2018-25)
13.4 Asia-Pacific (APAC) EV Charging Outlet Market (2018-2025)
13.4.1 Top Greenhouse Gas Emitters in Asia Pacific
13.4.2 Asia Pacific EVs and EV Charging Outlets Volume (2014 & 2017)
13.4.3 Government Programs and Initiatives for Public Charging Outlets
13.4.4 Asia-Pacific Charging Outlets Forecast, by Volume (2018-25)
13.4.5 APAC EV Charging Outlet Count, by Deployment Type
13.4.6 APAC EV Charging Outlet Count, by Charger Type
13.4.7 APAC EV Charging Outlet Count, by Level of Charging
13.4.8 APAC EV Charging Outlet Count, by Mode of Charging
13.4.9 APAC EV charging Outlets Market by Country
13.4.9.1 China EV Charging Outlet Market
13.4.9.1.1 China EV and Public EV Charging Outlets (2011-17)
13.4.9.1.2 Leading Provinces with Maximum EV Charging Outlets
13.4.9.1.3 Chinese Total Investment in Zero Emission Vehicle Industry (2016)
13.4.9.1.4 Government Programs and Initiatives for Public Charging Outlets
13.4.9.1.5 China Charging Outlets Forecast, by Volume (2018-25)
13.4.9.2 Japan EV Charging Outlet Market
13.4.9.2.1 Japan EV and Public EV Charging Outlets (2011-17)
13.4.9.2.2 Government Programs and Initiatives for Public Charging Outlets
13.4.9.2.3 Japan Charging Outlets Forecast, by Volume (2018-25)
13.4.9.3 India EV Charging Outlet Market
13.4.9.3.1 India EV and Public EV Charging Outlets (2011-17)
13.4.9.3.2 Government Programs and Initiatives for Public Charging Outlets
13.4.9.3.3 India Charging Outlets Forecast, by Volume (2018-25)
13.4.9.4 South Korea EV Charging Outlet Market
13.4.9.4.1 South Korea EVs and Public EV Charging Outlets (2011-17)
13.4.9.4.2 Government Programs and Initiatives for Public Charging Outlets
13.4.9.4.3 South Korea Charging Outlets Forecast, by Volume (2018-25)
13.4.9.5 Singapore EV Charging Outlet Market
13.4.9.5.1 Singapore EV Charging Outlets Count (2014-17)
13.4.9.5.2 Government Programs and Initiatives for Public Charging Outlets
13.4.9.5.3 Singapore Charging Outlets Forecast, by Volume (2018-25)
13.4.9.6 Rest of APAC EV Charging Outlet Market
13.4.9.6.1 Rest of APAC EV Charging Outlets Volume (2014-17)
13.4.9.6.2 Government Programs and Initiatives for Public Charging Outlets
13.4.9.6.3 Rest of APAC Charging Outlets Forecast, by Volume (2018-25)
13.5 Rest of World EV Charging Outlet Market (2018-2025)
13.5.1 Rest of World EV Charging Outlets Volume (2014 & 2017)
13.5.2 Government Programs and Initiatives for Public Charging Outlets
13.5.3 Rest of World Charging Outlets Forecast, by Volume (2018-25)
13.5.4 Rest of World EV Charging Outlet Count, by Deployment Type
13.5.5 Rest of World EV Charging Outlet Count, by Charger Type
13.5.6 Rest of World EV Charging Outlet Count, by Level of Charging
13.5.7 Rest of World EV Charging Outlet Count, by Mode of Charging
13.5.8 Rest of World EV charging Outlets Market, by Country
13.5.8.1 The United Arab Emirates EV Charging Outlet Market
13.5.8.1.1 Government Programs and Initiatives for Public Charging Outlets
13.5.8.1.2 The UAE Charging Outlets Forecast, by Volume (2018-25)
13.5.8.2 Chile EV Charging Outlet Market
13.5.8.2.1 Chile EVs and Public EV Charging Outlets (2011-17)
13.5.8.2.2 Chile Charging Outlets Forecast, by Volume (2018-25)
13.5.8.3 South Africa EV Charging Outlet Market
13.5.8.3.1 South Africa EVs and Public EV Charging Outlets (2011-17)
13.5.8.3.2 Government Programs and Initiatives for Public Charging Outlets
13.5.8.3.3 South Africa Charging Outlets Forecast, by Volume (2018-25)
13.5.8.4 Brazil EV Charging Outlet Market
13.5.8.4.1 Brazil EVs and Public EV Charging Outlets (2011-17)
13.5.8.4.2 Brazil Charging Outlets Forecast, by Volume (2018-25)
13.5.8.5 Other Countries EV Charging Outlet Market
13.5.8.5.1 Other Countries EV Charging Outlets Volume (2014-17)
13.5.8.5.2 Other Countries Charging Outlets Forecast, by Volume (2018-25)
14 COMPETITIVE SCENARIO
14.1 Porter
BYD Company Ltd
ChargePoint Inc.
Eaton Corporation
EV BOX
Evgo
Fortum
General Electric Company
Schneider Electric SE
Tesla Inc. and The New Motion
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