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Electric Vehicle Supply Equipment Market Size, Trends and Insights By Power (AC, DC), By Product (Portable Charger, Onboard Charging Station, EV Charging Kiosk, Others), By Charging Station (Normal Charging, Inductive Charging, Super Charging), By Application (Residential, Commercial), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030
Overview
Global Electric Vehicle Supply Equipment Market
Electric Vehicle Supply Equipment Market: Overview
Electric Vehicle Supply Equipment Market Size, Trends and Insights By Power (AC, DC), By Product (Portable Charger, Onboard Charging Station, EV Charging Kiosk, Others), By Charging Station (Normal Charging, Inductive Charging, Super Charging), By Application (Residential, Commercial), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032
According to Custom Market Insights (CMI), The Electric Vehicle Supply Equipment Market size was estimated at USD 25 Billion in 2021 and is expected to hit around USD 210 Billion by 2030, poised to grow at a compound annual growth rate (CAGR) of 30% from 2022 to 2030.
The electric vehicle supply equipment or systems are the items or assemblies installed to safely transmit and regulate electrical energy between an electric vehicle and an electrical source.
Other names for these kinds of assemblies include electric recharging points, charging points, and electric car charging stations. Electric vehicle charging equipment provides electricity to recharge electric vehicles, including plug-in hybrids and electric vehicles.
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Electric Vehicle Supply Equipment Market: Growth Drivers
Governments are encouraging the use of electric vehicles to combat environmental issues, including global warming and air pollution brought on by the use of carbon-based fuels. Therefore, several governments have established various incentives for exemptions from paying automobile taxes to ensure that more and more people purchase electric vehicles. On the other hand, manufacturers are working extra hard to lower the cost of producing electric cars and release more advanced models at competitive pricing. Therefore, the market for the equipment used to supply electric vehicles will grow due to these factors, which encourage the sale of electric cars.
Report URL: https://www.custommarketinsights.com/report/electric-vehicle-supply-equipment-market/
Electric Vehicle Supply Equipment Market: Regional Analysis
Over the projection period, the European market is anticipated to experience spectacular expansion. This might be ascribed to expanding collaborations between automakers like Volkswagen Group, BMW Group, and Daimler AG for constructing rapid charging networks throughout Europe. Additionally, with the aid of electric vehicle supply equipment producers, oil firms like BP Plc and Royal Dutch Shell Plc are concentrating on integrating electric car charging stations at present gas and fueling stations. The European market is also anticipated to be driven by expanding Public-Private Partnerships (PPP) projects for constructing EVSE on roads.
Electric Vehicle Supply Equipment Market: Recent developments
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August 2021: The India-based battery storage and charger technology business Ez4EV Private Limited created the EzUrja on-demand mobile charging system for electric vehicles. With the help of this cutting-edge “charging-on-demand” technology for electric vehicles, which is administered as an IoT device, remote condition monitoring and operation management are made possible.
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March 2021: Shell aims to expand its current network of EV charging stations from 60,000 to around 500,000 by the year 2050.
Key Players:
- Siemens AG
- Delta Electronics Inc
- BP Chargemaster
- Schneider Electric
- Tesla
- Chargepoint Holdings Inc
- Webasto Group
- Leviton Manufacturing Co. Inc.
- Eaton Corporation Plc
- Abb Ltd
- Others
Press Release: https://www.custommarketinsights.com/press-releases/evse-electric-vehicle-supply-equipment/
The Electric Vehicle Supply Equipment Market is segmented as follows:
By Power
- AC
- DC
By Product
- Portable Charger
- Onboard Charging Station
- EV Charging Kiosk
- Others
By Charging Station
- Normal Charging
- Inductive Charging
- Super Charging
By Application
- Residential
- Commercial
On the basis of Geography
North America
- The U.S.
- Canada
- Mexico
- Rest of North America
Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- New Zealand
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
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