Market Overview:
The global EVSE industry market is segmented on the basis of type, application and region. The type segment is further divided into level 1, level 2 and level 3. The application segment is classified into household, public parking and other. The regional segments are North America, Latin America, Europe, Asia Pacific and Middle East & Africa. The global EVSE industry market is expected to grow at a CAGR of XX% during the forecast period 2018-2030. Some of the major factors driving the growth of this market include growing demand for electric vehicles due to environmental concerns and rising fuel costs; increasing government initiatives for promoting electric vehicles; rising number of charging stations; growing demand for smart charging systems; and increasing awareness about electric vehicles among consumers.
Product Definition:
EVSE stands for electric vehicle supply equipment and is a term used to describe the charging infrastructure for electric vehicles. This can include anything from Level 1 chargers, which require a standard 120-volt outlet and plug into your car like any other appliance, to DC fast chargers, which can charge an EV battery up to 80% in as little as 30 minutes.
The EVSE industry is growing rapidly as the number of electric vehicles on the road increases. The development of efficient and affordable charging infrastructure is critical if we are to see widespread adoption of electric vehicles.
Level 1:
The Level 1 (L1) is a physical medium used to transport data or information from one point-to-point without requiring further conversion. It can be implemented over any network, regardless of the size or distance between the points. The L1 has been in use for decades and is expected to grow significantly due to its growing demand across EVSE industry verticals such as smart grids, electric vehicles (EV), and energy storage systems among others.
Level 2:
Level 2 charging is the process of charging electric vehicles using a standard electrical outlet. It allows drivers to charge their cars by plugging it into an ordinary power source like a wall socket. Level 2 chargers are designed to charge electric vehicles at a much faster rate as compared to level 1 chargers which take up to 8 hours for full charged vehicle whereas level 2 takes less than 4 hours for the same task.
Application Insights:
The household application segment accounted for the largest share of over 50% in 2017. The need for fast and convenient electric vehicle charging stations at homes, offices and hotels has been a major factor driving industry growth. EVSE manufacturers are focusing on providing affordable products to consumers, which is expected to drive demand among households. Level 2 residential EV chargers are installed at most houses already; however, many people still do not have enough knowledge about them or how they work. Therefore, companies offering solutions related to home level EV charging stations market are gaining a significant advantage over their competitors by understanding consumer needs better than others do.
EV chargers can be installed in garages as well as inside buildings where it is convenient for the end users such as shopping malls or hospitals parking lots so that drivers can charge their vehicles quickly without having to go out of doors first thing every morning when they wake up or just before leaving office late afternoon/early evening hours when everyone returns from work.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing number of electric vehicle charging stations in countries such as China and Japan. In addition, growing awareness about EVs and their benefits will drive demand further. Europe is also estimated to witness significant growth over the next eight years owing to early adoption of EVs in countries such as Norway, Sweden, Denmark, France and others.
North America region accounted for a major share in 2017 owing bothto high penetration rate of electric vehicles as well as high level 3 EVSE installations across U.S., Canada & Mexico cities/towns along with other urban areas which have more than one million population each (Mexico City has more than 22 million people).
Growth Factors:
- Increasing demand for electric vehicles: The global electric vehicle market is expected to grow at a CAGR of more than 28% from 2016 to 2020, according to MarketsandMarkets. This growth is being driven by factors such as stringent emission norms, government subsidies and incentives, and rising fuel prices.
- Favorable regulatory environment: Governments around the world are promoting the adoption of electric vehicles through various regulations and policies such as tax breaks, subsidies, and emissions targets. For instance, China has set a target of having 5 million electric vehicles on its roads by 2020.
- Development of charging infrastructure: The development of charging infrastructure is essential for the widespread adoption of electric vehicles. Governments and private players are investing in the development of charging infrastructure across different geographies. For instance, Tesla has announced plans to build a massive Supercharger network across North America, Europe, and Asia Pacific that will cover almost all major routes within these regions.
Scope Of The Report
Report Attributes
Report Details
Report Title
EVSE Industry Market Research Report
By Type
Level 1, Level 2, Level 3
By Application
Household, Public Parking, Other
By Companies
Cummins, Caterpillar, Kubota, MAN, Volvo Penta, FPT, Yanmar, Deutz, Yuchai, Deere, Weichai Power, Yunnei Power, Mitsubishi, Isuzu, Lombardini, Quanchai
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global EVSE Industry Market Report Segments:
The global EVSE Industry market is segmented on the basis of:
Types
Level 1, Level 2, Level 3
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Household, Public Parking, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Cummins
- Caterpillar
- Kubota
- MAN
- Volvo Penta
- FPT
- Yanmar
- Deutz
- Yuchai
- Deere
- Weichai Power
- Yunnei Power
- Mitsubishi
- Isuzu
- Lombardini
- Quanchai
Highlights of The EVSE Industry Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Level 1
- Level 2
- Level 3
- By Application:
- Household
- Public Parking
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the EVSE Industry Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
The electric vehicle (EV) industry is a growing and rapidly evolving sector of the automotive industry. It includes companies that manufacture, sell, service or lease electric vehicles and related components and technologies.
Some of the key players operating in the evse industry market are Cummins, Caterpillar, Kubota, MAN, Volvo Penta, FPT, Yanmar, Deutz, Yuchai, Deere, Weichai Power, Yunnei Power, Mitsubishi, Isuzu, Lombardini, Quanchai.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. EVSE Industry Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. EVSE Industry Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. EVSE Industry Market - Supply Chain
4.5. Global EVSE Industry Market Forecast
4.5.1. EVSE Industry Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. EVSE Industry Market Size (000 Units) and Y-o-Y Growth
4.5.3. EVSE Industry Market Absolute $ Opportunity
5. Global EVSE Industry Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. EVSE Industry Market Size and Volume Forecast by Type
5.3.1. Level 1
5.3.2. Level 2
5.3.3. Level 3
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global EVSE Industry Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. EVSE Industry Market Size and Volume Forecast by Application
6.3.1. Household
6.3.2. Public Parking
6.3.3. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global EVSE Industry Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. EVSE Industry Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global EVSE Industry Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. EVSE Industry Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global EVSE Industry Demand Share Forecast, 2019-2026
9. North America EVSE Industry Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America EVSE Industry Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America EVSE Industry Market Size and Volume Forecast by Application
9.4.1. Household
9.4.2. Public Parking
9.4.3. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America EVSE Industry Market Size and Volume Forecast by Type
9.7.1. Level 1
9.7.2. Level 2
9.7.3. Level 3
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America EVSE Industry Demand Share Forecast, 2019-2026
10. Latin America EVSE Industry Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America EVSE Industry Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America EVSE Industry Market Size and Volume Forecast by Application
10.4.1. Household
10.4.2. Public Parking
10.4.3. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America EVSE Industry Market Size and Volume Forecast by Type
10.7.1. Level 1
10.7.2. Level 2
10.7.3. Level 3
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America EVSE Industry Demand Share Forecast, 2019-2026
11. Europe EVSE Industry Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe EVSE Industry Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe EVSE Industry Market Size and Volume Forecast by Application
11.4.1. Household
11.4.2. Public Parking
11.4.3. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe EVSE Industry Market Size and Volume Forecast by Type
11.7.1. Level 1
11.7.2. Level 2
11.7.3. Level 3
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growt Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe EVSE Industry Demand Share, 2019-2026
12. Asia Pacific EVSE Industry Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific EVSE Industry Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific EVSE Industry Market Size and Volume Forecast by Application
12.4.1. Household
12.4.2. Public Parking
12.4.3. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific EVSE Industry Market Size and Volume Forecast by Type
12.7.1. Level 1
12.7.2. Level 2
12.7.3. Level 3
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific EVSE Industry Demand Share, 2019-2026
13. Middle East & Africa EVSE Industry Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa EVSE Industry Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa EVSE Industry Market Size and Volume Forecast by Application
13.4.1. Household
13.4.2. Public Parking
13.4.3. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa EVSE Industry Market Size and Volume Forecast by Type
13.7.1. Level 1
13.7.2. Level 2
13.7.3. Level 3
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa EVSE Industry Demand Share, 2019-2026
14. Competition Landscape
14.1. Global EVSE Industry Market: Market Share Analysis
14.2. EVSE Industry Distributors and Customers
14.3. EVSE Industry Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Cummins
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Caterpillar
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Kubota
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. MAN
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Volvo Penta
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. FPT
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Yanmar
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Deutz
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Yuchai
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Deere
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Weichai Power
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Yunnei Power
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Mitsubishi
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Isuzu
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Lombardini
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Quanchai
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
