Indian automotive industry is rapidly expanding and is expected to hold the 3rd position in the world by 2030. In addition to this to cater the advancing need of 1.30 billion people of India, Indian automotive industry has dramatically transformed and is expected to show a similar trend in the near future. One such transformation is the advent of Zero Emission Vehicles (ZEVs)/ Electric Vehicles (EVs) within the country. The excessive dependence on imported crude oil, rise in Greenhouse Gases (GHGs) content, growing demand of EVs and increase in governmental support through subsidies and incentives are some of the major factors driving the market of EVs in the country. At present, Indian EV industry is at its nascent stage although the country planned to be 100% electric by 2030. Hence, to accommodate the growing number of EVs, the network of charging outlets is anticipated to grow in the coming years. Over the past few years several incentives, subsidies and investments are passed by the central/local government to promote green mobility within the country. The growing focus on green mobility consequently increased the need for easy accessibility of the charging structures to keep them running. In India, local governments have also planned to increase the installation base of public EV charging outlets. The central bodies have agreed that the green mobility is possible only with the suffice availability of EV chargers at public locations. The below figure presents the complete EV ecosystem and explains how different entities such as central government, automotive OEMs, utility providers, battery manufacturers and consumers, among others are related in the industry.
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 83.7% during the forecast period (2018-2025). 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 EV battery. On the other hand, level 2 chargers charge the EVs 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 most preferred charger type. The number of Level 2 chargers are anticipated to reach 12,744 by 2025, growing at a CAGR of 75.2% during the forecast period. 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 steadily catching up the speed. The wireless chargers are expected to grow at the fastest rate of 97.5% during the forecast period. Some of the major key players operating in the India public EV charging outlets market includes ABB, ChargePoint Inc., Fortum OYJ, National Thermal Power Corporation (NTPC), Bharat Heavy Electricals Limited (BHEL), Tata Power, and Delta Electronics. These players adopted several strategies partnerships, merger-acquisitions, joint-ventures, product launches and business expansions to strengthen their position in India public EV charging outlets market.
Indian automotive industry is one of the promising market in the world, as the country ranks 5th largest vehicle producer globally. However, the growing automotive industry in India immensely increased the carbon content, owing to which the adoption of Zero Emission Vehicles (ZEVs) is increasing on a yearly basis, with government initiative propelling the overall demand. Witnessing the positive impacts of ZEVs, central government also issued a number of policies, initiatives and investment plans to promote the sales of electric vehicles within the country. These factors are anticipated to fuel the installation of EV charging outlets in India. However high cost associated with the equipment and its installation acts as the major challenge for the cost sensitive Indian market, which acts as one of the major challenging factor for the Indian electric vehicle market, in turn electric vehicle charging outlets infrastructure market in India. The impact of this restraint is expected to remain high during the forecast period (2018-2025). However, the increase in partnerships between equipment suppliers, utility providers, local and central government is expected to bolster India's public electric vehicle charging outlets market in the coming years. Information related to private charger is not that explicitly available on secondary and primary domain hence the report contain number for public charging outlets installed in India.
Market Segmentation
India public EV charging outlets market is segmented based on charging time an EV charging outlets takes, this includes slow and fast chargers. Slow chargers dominated the market in 2017 and is expected to remain dominant during the forecast period, owing to its lower cost as compared to fast chargers.
The market is further segmented based on the level of charging including level 1, level 2 and level 3. These chargers differ in the electrical specifications and charging levels. Level 1 and Level 2 chargers also fall under the slow chargers while the level 3 chargers are the level 3 chargers. The charging time of level 1 and level 2 chargers is more than the level 3 chargers. At present, Level 2 chargers dominate the market owing to this lower cost than level 3 chargers and faster charging than level 1 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, followed by wireless. However, wireless chargers are expected to witness highest CAGR growth during the forecasted period.
Top Company Profiles
Some of the major key players operating in the India public EV charging outlets market includes ABB, ChargePoint Inc., Fortum OYJ, National Thermal Power Corporation (NTPC), Bharat Heavy Electricals Limited (BHEL), Hindustan Petroleum Corporation Limited (HPCL), Indian Oil Corporation Ltd (IOCL), Tata Power, Mahindra Electric and Delta Electronics. These players are adopting several market strategies, such as merger, acquisition, and collaboration, among others to strengthen their foothold in the Indian EV 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
Examination of industry attractiveness in India for the foreign companies
Comprehensive coverage of the market across different market segments
Customization Options:
India public EV charging outlets market can be customized to regional level (Northern, Southern, Eastern and Western India). Besides this, UMI understands that you may have your own business need, please connect with us, to get a report that completely suits your requirements.
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
2.1 Primary Data
2.1.1 Sampling Techniques & Data Collection Methods
2.1.2 Primary Participants
3 INDUSTRY PERFORMANCE
4 EXECUTIVE SUMMARY
5 MARKET OVERVIEW
5.1 Introduction
5.2 Market Dynamics
5.2.1 Market Trend & Drivers
5.2.1.1 Rising Concerns over Carbon Emissions
5.2.1.2 Growing Adoption of Electric Vehicles
5.2.1.3 Increase in Governmental Support
5.2.2 Market Challenges
5.2.2.1 High price of Outlet Hardware and its Installation
5.2.2.2 Lack of Standardization
5.2.3 Market Opportunities
5.2.3.1 Blooming Market of Lithium Ion Batteries
5.2.3.2 Growing Adoption of Solar EV Charging Stations
6 KEY MARKET INDICATORS
6.1 General Overview
6.1.1 Demand and Supply Side Analysis
6.1.2 Value Chain Analysis
7 PRICING ANALYSIS OF EV CHARGING OUTLETS
7.1 General Overview
7.2 Estimated Cost and Revenue Model
7.2.1 The major factors behind the high installation cost of EV Charging outlets are as follows:
7.2.2 Areas of Cost Reduction
8 INDIA EV CHARGING OUTLET MARKET INSIGHTS
8.1 General Overview
8.1.1 Current Scenario of Indian Automotive industry
8.1.2 Carbon Emissions in India
8.1.3 India EV and Public EV Charging Outlets (2011-17)
8.1.4 Government Programs and Initiatives for EVs and EV Charging Outlets
8.1.5 Quick Pilot proposal on EV charging infrastructure
8.1.6 National Electric Mobility Mission Plan (NEMMP) 2020
8.1.7 Faster Adoption and Manufacturing of Hybrid and Electric vehicles (FAME)
8.1.8 NITI Aayog Plan
8.1.9 State-wise Policies and Development
8.1.9.1 Andhra Pradesh
8.1.9.2 Karnataka
8.1.9.3 Maharashtra
8.1.9.4 Telangana
8.1.9.5 Uttar Pradesh
8.1.10 Collaboration with Public Sector Undertakings (PSUs)
8.1.11 EV Chargers Industry Structure in India
8.1.11.1 Existing suppliers
8.1.11.2 Global EV Charger firms
8.1.11.3 Likely Indian firms in EV chargers
8.1.12 Indian EV Chargers Market Characteristics and Business Models
8.1.13 India Public Charging Outlets Forecast, by Volume (2018-25)
8.1.14 Battery Swapping in India
8.1.15 Business Model for Electric 3 Wheelers
8.1.16 Business Model for Electric Buses
8.1.17 Areas of Improvement for the Indian Government
8.1.18 Opportunities for Foreign Players in India
9 MARKET INSIGHTS, BY CHARGER TYPE
9.1 General Overview
9.1.1 Slow Charging Outlets
9.1.2 Fast Charging Outlets
10 MARKET INSIGHTS, BY LEVEL OF CHARGING
10.1 General Overview
10.1.1 Level 1 Charger
10.1.2 Level 2 Chargers
10.1.3 Level 3 Chargers
11 MARKET INSIGHTS, BY MODE OF CHARGING
11.1 General Overview
11.1.1 Plug-In Charging Outlets
11.1.2 Wireless Charging Outlets
12 COMPETITIVE SCENARIO
13 TOP COMPANY PROFILES
13.1 ChargePoint, Inc.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Key Product/Services Offerings
13.1.4 SWOT Analysis
13.1.5 Recent Development
13.2 Delta India Electronics Pvt. Ltd
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Key Product/Services Offerings
13.2.4 Recent Developments
13.3 EV Motors India Pvt Ltd
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Key Product/Services Offerings
13.3.4 Recent Developments
13.4 Fortum OYJ
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Key Product/Services Offerings
13.4.4 SWOT Analysis
13.4.5 Key Financials
13.4.6 Revenue Split
13.4.7 Recent Development
13.5 Bharat Heavy Electricals Limited (BHEL)
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Key Product/Services Offerings
13.5.4 SWOT Analysis
13.5.5 Key Financials
13.5.6 Revenue Split
13.5.7 Recent Developments
13.6 The Tata Power Company Limited(Tata Power)
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Key Product/Services Offerings
13.6.4 SWOT Analysis
13.6.5 Key Financials
13.6.6 Revenue Split
13.6.7 Recent Developments
13.7 Tesla Inc.
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Key Product/Services Offerings
13.7.4 SWOT Analysis
13.7.5 Key Financials
13.7.6 Revenue Split
13.7.7 Recent Developments
13.8 National Thermal Power Corporation (NTPC)
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Key Product/Services Offerings
13.8.4 SWOT Analysis
13.8.5 Key Financials
13.8.6 Revenue Split
13.8.7 Recent Developments
13.9 Siemens AG
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Key Product/Services Offerings
13.9.4 SWOT Analysis
13.9.5 Key Financials
13.9.6 Revenue Split
13.9.7 Recent Developments
13.10 ABB Limited
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Key Product/Services Offerings
13.10.4 SWOT Analysis
13.10.5 Key Financials
13.10.6 Revenue Split
13.10.7 Recent Developments
List of Figures
FIG. 1 Electric Vehicle Ecosystem 15
FIG. 2 India Public EV Charging Outlets Market, by Volume 2018-2025 16
FIG. 3 Advent of Green Mobility in India (1998-2010) 17
FIG. 1 India Greenhouse Gas Emissions, by Industrial Sector (%), 2017 19
FIG. 2 India EV (BEV and PHEV) (2008-17), 000 21
FIG. 3 Indian Battery Market, by Segment 27
FIG. 4 Value Chain of EV charging Outlets 31
FIG. 5 Value Chain of EV charging Outlets 32
FIG. 6 India Vehicle Production Trend (Volume in Mn) 37
FIG. 7 GHG Emission in India, by Industrial Sector & by Fuel Type 37
FIG. 8 Top CO2 Emitter, by State, 2017 38
FIG. 9 India EV and Public EV Charging Outlets (2011-17) 39
FIG. 10 EV Policy Planning: Indian Political Structure 39
FIG. 11 Major EV Policies Undertaken in India 40
FIG. 12 India EV Charging Outlets Forecast, by Volume 2018-25 (in Units) 41
FIG. 13 NITI Aayog: Planned Mobility Transformation 42
FIG. 14 India EV Charging Outlets Forecast, by Volume 2018-25 (in Units) 47
FIG. 15 Expected Volume of Electric Vehicles in Different Segments of Indian Transport Industry 50
FIG. 16 India EV Charging Outlets Market Share, by Application, 2018 & 2025 (%) 51
FIG. 17 India Public Slow EV Charging Outlets Market, by Volume 2018-25 52
FIG. 18 India Public Fast EV Charging Outlets Market, by Volume 2018-25 52
FIG. 19 India EV Charging Outlets Market Share, by Level of Charging, 2018 & 2025(%) 53
FIG. 20 India Level 1 Charging Outlets Market, by Volume 2018-25 54
FIG. 21 India Level 2 Charging Outlets Market, by Volume 2018-25 55
FIG. 22 India Level 3 Charging Outlets Market, by Volume 2018-25 55
FIG. 23 India EV Charging Outlets Market Share, by Mode of Charging, 2017 & 2025 (%) 56
FIG. 24 India Public Plug-in Charging Outlets Market, by Volume 2018-25 57
FIG. 25 India Public Wireless Charging Outlets Market, by Volume 2018-25 58
FIG. 26 ChargePoint, Inc., SWOT Analysis 61
FIG. 27 Fortum OYJ, SWOT Analysis 67
FIG. 28 Fortum OYJ, Revenue Split, 2017 68
FIG. 29 BHEL SWOT Analysis 72
FIG. 30 BHEL Revenue Split, 2017 73
FIG. 31 Tata Power, SWOT Analysis 75
FIG. 32 Tata Power, Revenue Split, 2017 76
FIG. 33 Tesla Inc., SWOT Analysis 79
FIG. 34 Tesla Inc., Revenue Split, 2017 80
FIG. 35 NTPC., SWOT Analysis 83
FIG. 36 NTPC Revenue Split, 2017 84
FIG. 37 Siemens AG, SWOT Analysis 87
FIG. 38 Siemens AG, Revenue Split, 2017 88
FIG. 39 ABB Limited, SWOT Analysis 91
FIG. 40 ABB Limited, Revenue Split, 2017 92
List of Tables
TABLE 1 Estimated Cost and Revenue Model for the Installation of EV Charging Outlets
TABLE 2 Range of Automotive Players Operating in India
TABLE 3 Overview of Key Players in the Indian EV Chargers market
TABLE 4 Current Installed Base of EV chargers in India
TABLE 5 India EV Charging Outlets Market Share, by Application, 2018-2025
TABLE 6 India EV Charging Outlets Market Share, by Level of Charging, 2018-2025
TABLE 7 India EV Charging Outlets Market Share, by Level of Charging, 2018-2025
TABLE 8 ChargePoint, Inc. Key Facts
TABLE 9 Product Segmentation of ChargePoint, Inc.
TABLE 10 ChargePoint, Inc. Growth Strategy
TABLE 11 United Key Facts
TABLE 12 Product segmentation of Delta India Electronics Pvt. Ltd
TABLE 13 EV Motors Key Facts
TABLE 14 Product segmentation of EV Motors
TABLE 15 Fortum OYJ Key Facts
TABLE 16 Product segmentation of Fortum OYJ
TABLE 17 Fortum OYJ Growth Strategy
TABLE 18 Fortum OYJ Financials, US$ Mn
TABLE 19 BHEL Key Facts
TABLE 20 Product Segmentation of BHEL
TABLE 21 BHEL Growth Strategy
TABLE 22 BHEL Financials, US$ Mn
TABLE 23 Tata Power Key Facts
TABLE 24 Product segmentation of Tata Power
TABLE 25 Tata Power Growth Strategy
TABLE 26 Tata Power Financials, US$ Mn
TABLE 27 Tesla Inc. Key Facts
TABLE 28 Product segmentation of Tesla Inc.
TABLE 29 Tesla Inc. Growth Strategy
TABLE 30 Tesla Inc. Financials, US$ Mn
TABLE 31 NTPC Key Facts
TABLE 32 Product segmentation of NTPC
TABLE 33 NTPC Growth Strategy
TABLE 34 NTPC Financials, US$ Mn
TABLE 35 Siemens AG Key Facts
TABLE 36 Product Segmentation of Siemens AG
TABLE 37 Siemens AG Growth Strategy
TABLE 38 Siemens AG Financials, US$ Mn
TABLE 39 ABB Limited Key Facts
TABLE 40 Product Segmentation of ABB Limited
TABLE 41 ABB Limited Growth Strategy
TABLE 42 ABB Limited Financials, US$ Mn
ChargePoint
Inc.
Delta India Electronics Pvt. Ltd
EV Motors India Pvt Ltd
Fortum OYJ
Bharat Heavy Electricals Limited (BHEL)
The Tata Power Company Limited(Tata Power)
Tesla Inc.
National Thermal Power Corporation (NTPC)
Siemens AG
ABB Limited
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