Global Electric Vehicle Charging Station Equipment Market Analysis and Forecast, 2015-2020, 2020-2025F, 2030F with ABB, Siemens, The New Motion BV, Tesla and ClipperCreek

DUBLIN, December 10, 2021– (BUSINESS WIRE) – The report “Global Electric Vehicle Charging Station Equipment Market Report 2021: Growth and Evolution of COVID-19 through 2030″ has been added to ResearchAndMarkets.com offer.

The global electric vehicle charging station equipment market is expected to grow from $ 117.27 billion in 2020 to $ 129.07 billion in 2021 at a compound annual growth rate (CAGR) of 10.1%. The market is expected to reach $ 390.59 billion in 2025 at a CAGR of 31.9%.

The main players in the electric vehicle charging station equipment market are ABB Ltd, Siemens AG, The New Motion BV, Tesla Motors Inc. and ClipperCreek Inc.

The market for charging station equipment for electric vehicles consists of sales of equipment necessary for the installation of charging stations for electric vehicles. These charging stations for electric vehicles allow vehicles to be recharged by connecting to the source of electricity.

The Electric Vehicle Charging Station Equipment market covered in this report is segmented by Type into AC Charging, DC Charging, Inductive Charging. It is also segmented by vehicle type into battery electric vehicles (BEV), rechargeable electric vehicles (PHEV), hybrid electric vehicles (HEV) and by type of load in level one charge (120 volts), level two charge ( 240 volts), DC fast charge (480 volts).

The limited range of electric vehicles (EVs) is one of the major factors restraining the electric vehicle market, thereby affecting the growth of the electric vehicle charging station equipment market. The range of electric vehicles is shorter than that of gasoline vehicles. This limitation is due to various factors such as passenger capacity, use of air conditioning and the need for headroom to be conserved before the next recharge. Thus, it affects the sales of electric vehicles, thus reducing the need to set up more charging stations and the need for electric vehicle charging station equipment decreases, thus limiting the growth of the market.

Ultra-fast DC charging stations are all the rage in the electric vehicle charging station market. Ultra-fast DC charging can deliver direct power of up to 125 kW to the vehicle without any converter. These ultra-fast DC charging stations have the ability to charge 80% of the required vehicle power supply within 20 minutes.

With the growing demand for electric vehicles, the need for more charging stations is increasing. To meet demand and provide low-consumption charging stations, the DC ultra-fast charging station is the solution. Also, to cope with the new electric vehicles coming to the market which require high power rates for charging. There are 3 types of DC fast charging options, the Combined Charging System (CCS), CHAdeMO, and Tesla Supercharger. For example, ITT Inc. has launched high performance ultra-fast DC charging solutions under the Canon brand.

National and international legislative policies to promote electric vehicles (EVs) are driving the growth of the electric vehicle charging station equipment market. The program to provide incentives to motivate investors to buy electric vehicles and install electric vehicle charging stations is helping to boost the market for electric vehicle charging stations.

Thus, helping to boost the market for electric vehicle charging station equipment. For example, an attractive program has been launched by the German government to offer a direct rebate of $ 4,520 to buyers of electric vehicles. In addition, public funding for charging stations every 50 km is planned in Norway. Thus, to stimulate the market for electric vehicle charging stations, thus driving the market for charging station equipment for electric vehicles.

UK law has implemented the Automated and Electric Vehicle Act 2018 and is being amended by the Secretary of State for Transport. This bill ensures that the UK’s insurance system and infrastructure are ready for the revolution in the transport industry. The insurance portion of the bill deals with claims made while using the automated mode in the operational vehicle. It also allows insurers to assert their rights and disclaim liability if manufacturers do not keep software up to date.

The other part deals with the infrastructure for charging electric vehicles and issues related to the type of vehicle, compatibility, standards and management of the payment system for them. The regulations prescribe the method of payment or verification, the accessibility of refueling points, the availability and sharing of resources. In addition, the operator must ensure that the components comply with the requirements and regulations.

Main topics covered:

1. Summary

2. Characteristics of the electric vehicle charging station equipment market

3. Electric vehicle charging station equipment market trends and strategies

4. Impact of COVID-19 on the equipment of charging stations for electric vehicles

5.Size and Growth of Electric Vehicle Charging Station Equipment Market

5.1. Global Historic Electric Vehicle Charging Station Equipment Market, 2015-2020, in USD Billion

5.1.1. Market pilots

5.1.2. Market restrictions

5.2. Global Electric Vehicle Charging Station Equipment Forecast Market, 2020-2025F, 2030F, in USD Billion

5.2.1. Market pilots

5.2.2. Market restrictions

6. Market segmentation of electric vehicle charging station equipment

6.1. Global Electric Vehicle Charging Station Equipment Market, Segmentation by Type, History and Forecast, 2015-2020, 2020-2025F, 2030F, in USD Billion

  • AC load

  • DC load

  • Inductive load

6.2. Global Electric Vehicle Charging Station Equipment Market, Vehicle Type Segmentation, History and Forecast, 2015-2020, 2020-2025F, 2030F, in USD Billion

6.3. Global electric vehicle charging station equipment market, segmentation by charge type, history and forecast, 2015-2020, 2020-2025F, 2030F, in USD billion

  • Level one charge (120 volts)

  • Level two charge (240 volts)

  • DC fast charge (480 volts)

7. Regional and national analysis of the electric vehicle charging station equipment market

7.1. Global Electric Vehicle Charging Station Equipment Market Divided by Region, Historical and Forecast, 2015-2020, 2020-2025F, 2030F, in USD Billion

7.2. Global Electric Vehicle Charging Station Equipment Market, Divided by Country, Historical and Forecast, 2015-2020, 2020-2025F, 2030F, in USD Billion

Companies mentioned

  • ABB SA

  • Siemens AG

  • The new BV movement

  • Tesla Motors Inc.

  • ClipperCreekInc.

  • DBT SA

  • Chargemaster Plc

  • Engie SA

  • Fortum Oyj

  • Leviton Manufacturing Co.

  • Qualcomm Inc.

  • Robert Bosch GmbH

  • Schneider Electric SE

  • Aeroenvironment

  • National Thermal Power Corporation (NTPC)

  • Mahindra Reva Electric Vehicles Pvt. Ltd.

  • Tata power

  • ACME Group

For more information on this report, visit https://www.researchandmarkets.com/r/6up1ff

See the source version on businesswire.com: https://www.businesswire.com/news/home/20211210005320/en/

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