Market Overview:
The global fast charging market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for electric vehicles and the growing adoption of smartphones and other electronic devices. The global fast charging market can be segmented on the basis of type, application, and region. On the basis of type, the market can be divided into 5V/1A, 5V/2.4A, 5V/3A, and others. The 5V/1A segment is expected to account for a major share of the global fast charging market in 2018 owing to its low cost and easy installation. However, with advancements in technology, faster chargers are becoming more popular among consumers; as a result, this segment is projected to witness slower growth during the forecast period.
Product Definition:
Fast charging is a technology that allows portable devices, such as smartphones and tablets, to charge faster than with traditional charging methods. Fast charging works by increasing the power output of the charger, which in turn allows the device to draw more power and charge faster. The importance of fast charging lies in its ability to provide users with a quick way to re-charge their devices when they are running low on power. This can be especially helpful when traveling or if one needs to use their device urgently.
5V/1A:
5V/1A is a standard voltage and current for charging devices that support the fast-charging technology. The 5V/1A power supply is used in several electronic products such as smartphones, tablets, laptops, and others. It offers high charging speed to electronic gadgets compared to the 5V/0.5A or 3 pin USB chargers offered by Apple Inc., Samsung Group Ltd., or Sony Corporation for their respective devices.
5V/2.4A:
5V/2.4A is a power output standard for USB charging devices. It means that the device can deliver a maximum of 5 V and 2.4 A current at any given time by using the appropriate cable.
Application Insights:
The automobile segment accounted for the largest revenue share in 2017 and is expected to continue its dominance over the forecast period. The growing number of electric vehicles (EVs) across the globe is a major factor contributing to its large share. EVs with high power chargers are preferred as they can charge faster, thus providing an advantage in busy areas where charging stations are scarce. Moreover, governments around the world are taking initiatives to promote adoption of EVs by offering subsidies and tax credits that would otherwise be borne by consumers at a higher price tag.
The electronics segment is expected to register significant growth over the forecast period owing to increasing demand from consumer electronics products such as smartphones and laptops among other devices that require frequent battery changes such as tablets and e-readers among others.
Regional Analysis:
Asia Pacific dominated the global market in 2017 owing to increasing adoption of electric vehicles and rapid development of the powertrain industry. Countries such as China, Japan, South Korea, and India are focusing on developing domestic auto manufacturers to create jobs for their respective countries. This is expected to drive demand for fast charging infrastructure over the forecast period.
Europe accounted for a significant share in terms of revenue due to increased focus on promoting alternative fuel vehicles across member states such as France, Germany, Italy, Spain among others. Moreover government initiatives encouraging consumers towards purchasing eco-friendly cars are anticipated to boost regional growth over the forecast period. For instance; In 2015 U K government announced subsidies worth USD X billion towards purchase or rental of electric vehicles until 2020 which is expected propel regional demand further over the next eight years (till 2030).
Growth Factors:
- Increasing demand for electric vehicles: The global market for electric vehicles is expected to grow at a CAGR of more than 28% from 2016 to 2020. This will lead to an increase in the demand for fast charging stations.
- Government initiatives and subsidies: Governments around the world are promoting the use of electric vehicles by providing subsidies and incentives for buyers and installing charging infrastructure. This will help drive the growth of the fast charging market.
- Development of new technologies: Rapid advancements in technology are helping reduce the time required for charging batteries, which is driving demand for fast chargers.
- Growing popularity of shared mobility services: Shared mobility services such as car-sharing and ride-sharing are becoming increasingly popular, especially among millennials, due to their convenience and cost-effectiveness . This is likely to result in an increase in demand for fast chargers as these services rely heavily on battery-powered vehicles .
Scope Of The Report
Report Attributes
Report Details
Report Title
Fast Charging Market Research Report
By Type
5V/1A, 5V/2.4A, 5V/3A, Others
By Application
Automobile, Electronic Equipment, Others
By Companies
Chargepoint, ABB, Eaton, Blink, Schneider, Siemens, General Electric, AeroVironment, Panasonic, Chargemaster, Elektromotive, Clipper Creek
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
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Fast Charging Market Report Segments:
The global Fast Charging market is segmented on the basis of:
Types
5V/1A, 5V/2.4A, 5V/3A, Others
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
Automobile, Electronic Equipment, Others
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:
- Chargepoint
- ABB
- Eaton
- Blink
- Schneider
- Siemens
- General Electric
- AeroVironment
- Panasonic
- Chargemaster
- Elektromotive
- Clipper Creek
Highlights of The Fast Charging 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:
- 5V/1A
- 5V/2.4A
- 5V/3A
- Others
- By Application:
- Automobile
- Electronic Equipment
- Others
- 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 Fast Charging 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?
Fast charging is a technology that allows your device to be charged more quickly than traditional charging. With fast charging, your device can be charged up to three times as fast as standard charging.
Some of the key players operating in the fast charging market are Chargepoint, ABB, Eaton, Blink, Schneider, Siemens, General Electric, AeroVironment, Panasonic, Chargemaster, Elektromotive, Clipper Creek.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Fast Charging 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. Fast Charging Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Fast Charging Market - Supply Chain
4.5. Global Fast Charging Market Forecast
4.5.1. Fast Charging Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Fast Charging Market Size (000 Units) and Y-o-Y Growth
4.5.3. Fast Charging Market Absolute $ Opportunity
5. Global Fast Charging 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. Fast Charging Market Size and Volume Forecast by Type
5.3.1. 5V/1A
5.3.2. 5V/2.4A
5.3.3. 5V/3A
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Fast Charging 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. Fast Charging Market Size and Volume Forecast by Application
6.3.1. Automobile
6.3.2. Electronic Equipment
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Fast Charging 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. Fast Charging 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 Fast Charging 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. Fast Charging 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 Fast Charging Demand Share Forecast, 2019-2029
9. North America Fast Charging 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 Fast Charging 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 Fast Charging Market Size and Volume Forecast by Application
9.4.1. Automobile
9.4.2. Electronic Equipment
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Fast Charging Market Size and Volume Forecast by Type
9.7.1. 5V/1A
9.7.2. 5V/2.4A
9.7.3. 5V/3A
9.7.4. Others
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 Fast Charging Demand Share Forecast, 2019-2029
10. Latin America Fast Charging 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 Fast Charging 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 Fast Charging Market Size and Volume Forecast by Application
10.4.1. Automobile
10.4.2. Electronic Equipment
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Fast Charging Market Size and Volume Forecast by Type
10.7.1. 5V/1A
10.7.2. 5V/2.4A
10.7.3. 5V/3A
10.7.4. Others
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 Fast Charging Demand Share Forecast, 2019-2029
11. Europe Fast Charging 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 Fast Charging 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 Fast Charging Market Size and Volume Forecast by Application
11.4.1. Automobile
11.4.2. Electronic Equipment
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Fast Charging Market Size and Volume Forecast by Type
11.7.1. 5V/1A
11.7.2. 5V/2.4A
11.7.3. 5V/3A
11.7.4. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth 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 Fast Charging Demand Share, 2019-2029
12. Asia Pacific Fast Charging 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 Fast Charging 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 Fast Charging Market Size and Volume Forecast by Application
12.4.1. Automobile
12.4.2. Electronic Equipment
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Fast Charging Market Size and Volume Forecast by Type
12.7.1. 5V/1A
12.7.2. 5V/2.4A
12.7.3. 5V/3A
12.7.4. Others
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 Fast Charging Demand Share, 2019-2029
13. Middle East & Africa Fast Charging 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 Fast Charging 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 Fast Charging Market Size and Volume Forecast by Application
13.4.1. Automobile
13.4.2. Electronic Equipment
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Fast Charging Market Size and Volume Forecast by Type
13.7.1. 5V/1A
13.7.2. 5V/2.4A
13.7.3. 5V/3A
13.7.4. Others
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 Fast Charging Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Fast Charging Market: Market Share Analysis
14.2. Fast Charging Distributors and Customers
14.3. Fast Charging Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Chargepoint
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. ABB
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Eaton
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Blink
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Schneider
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Siemens
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. General Electric
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. AeroVironment
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Panasonic
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Chargemaster
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Elektromotive
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Clipper Creek
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
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
