Market Overview:
The global electric vehicle charging system 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 across the globe and the rising awareness about environment-friendly transportation options. The plug-in charging system segment is expected to dominate the global electric vehicle charging system market during the forecast period, owing to its easy installation and low cost as compared to other types of charging systems. However, wireless charging systems are gaining popularity due their ease of use and lack of cables. Regionally, North America is expected to lead the global electric vehicle Charging System Market duringthe forecast period followed by Europe and Asia Pacific.
Product Definition:
An electric vehicle charging system is a device or network of devices that supplies electrical energy to an electric vehicle. The purpose of the charging system is to convert AC electrical power into DC power that can be used to charge the battery pack of the electric vehicle.
Plug-in Charging System:
Plug-in charging systems are also known as electric vehicle charging systems. They are an extension to standard residential or commercial electricity outlets. The system comprises of a plug that gets inserted into an EV's port and then connected to the battery through a cable, which allows the battery to be charged at a faster rate than using the standard charge port on EVs.
Wireless Charging System:
The wireless charging system is a low power technology that enables the electric vehicle to wirelessly charge without plugging into a wall socket. The wireless charging system works by converting the electromagnetic energy received from an external source of electricity into radio frequency, which is then used to charge battery cells in EVs.
Currently, there are two types of technologies used for wireless charging systems; induction and resonance.
Application Insights:
The commercial charging systems segment dominated the global electric vehicle charging system market, accounting for more than 60.0% share of the total revenue in 2017. The growth can be attributed to an increase in the number of public and private organizations that are focusing on increasing awareness about electric vehicles among consumers at a global level. For instance, as per a study conducted by IEA in 2018, there were nearly 516 thousand publicly accessible places for plug-in hybrid and all-electric cars across 39 countries worldwide. Such initiatives are expected to drive demand over the coming years as most EV owners prefer using chargers installed at commercial areas over home chargers owing to ease of access and availability of high power output stations which reduces charge time by half or less when compared with home chargers.
The growing trend towards providing free parking spaces for EVs at airports is expected to encourage more airport authorities and car rental companies toward promoting these vehicles through advertisements & media campaigns thereby driving demand further from 2018 to 2030 globally.
Regional Analysis:
The Asia Pacific regional market is anticipated to witness significant growth over the forecast period owing to increasing sales of electric vehicles in China, Japan, and India. The Chinese government has planned to ban the sale of new gasoline-powered cars by 2030 in an effort to reduce air pollution and greenhouse gas emissions. This policy is expected to increase EV adoption rates across the country which will subsequently drive demand for BEV charging systems in APAC.
North America accounted for a major share of revenue generation owing to early adoption of EVs coupled with supportive measures taken by governments across U.S., Canada, and Mexico for promoting cleaner transportation options such as tax benefits on EV charging infrastructure development or free access for public charging stations owned by governments or non-profit organizations (such as Green Charger Network).
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. This is due to the increasing awareness about the benefits of electric vehicles such as low emissions, fuel efficiency, and low running costs.
- Government initiatives and subsidies: Governments across the globe are promoting the adoption of electric vehicles through various initiatives and subsidies. For instance, in China, a subsidy of up to 00 is offered on each electric vehicle purchase. This is expected to drive the growth of the electric vehicle charging system market during the forecast period.
- Development of advanced charging technologies: The development of advanced charging technologies such as fast-charging systems and wireless charging systems is expected to boost the growth oftheelectricvehiclecharging systemmarketduringtheforecastperiod .Theseadvancedtechnologiesallowvehicles tousehigh-voltage chargers that can charge batteries up tomultiple times fasterthanconventionalchargers .Thiswillhelptoincreasetheadoptionofelectricvehiclesanddrivethegrowthoftheelectricvehiclecharging systemmarketduringtheforecastperiod .
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Vehicle Charging System Market Research Report
By Type
Plug-in Charging System, Wireless Charging System
By Application
Home Charging Systems, Commercial Charging Systems
By Companies
Tesla, Siemens AG, Webasto Group, Schneider Electric, Plugless Power Inc., Robert Bosch GmbH, Eaton Corporation plc, Delta Electronics, Inc., BorgWarner Inc., Moser Services Group, LLC
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
188
Number of Tables & Figures
132
Customization Available
Yes, the report can be customized as per your need.
Global Electric Vehicle Charging System Market Report Segments:
The global Electric Vehicle Charging System market is segmented on the basis of:
Types
Plug-in Charging System, Wireless Charging System
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
Home Charging Systems, Commercial Charging Systems
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:
- Tesla
- Siemens AG
- Webasto Group
- Schneider Electric
- Plugless Power Inc.
- Robert Bosch GmbH
- Eaton Corporation plc
- Delta Electronics, Inc.
- BorgWarner Inc.
- Moser Services Group, LLC
Highlights of The Electric Vehicle Charging System 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:
- Plug-in Charging System
- Wireless Charging System
- By Application:
- Home Charging Systems
- Commercial Charging Systems
- 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 Electric Vehicle Charging System 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
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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?
An electric vehicle charging system is a network of electrical equipment that enables an electric vehicle to be charged. The system typically includes one or more chargers, which convert the direct current (DC) from the battery into alternating current (AC) needed by the car.
Some of the major companies in the electric vehicle charging system market are Tesla, Siemens AG, Webasto Group, Schneider Electric, Plugless Power Inc., Robert Bosch GmbH, Eaton Corporation plc, Delta Electronics, Inc., BorgWarner Inc., Moser Services Group, LLC.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electric Vehicle Charging System Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Electric Vehicle Charging System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electric Vehicle Charging System Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Electric Vehicle Charging System Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Electric Vehicle Charging System Market Size & Forecast, 2018-2028
4.5.1 Electric Vehicle Charging System Market Size and Y-o-Y Growth
4.5.2 Electric Vehicle Charging System Market Absolute $ Opportunity
Chapter 5 Global Electric Vehicle Charging System Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Electric Vehicle Charging System Market Size Forecast by Type
5.2.1 Plug-in Charging System
5.2.2 Wireless Charging System
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Electric Vehicle Charging System Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Electric Vehicle Charging System Market Size Forecast by Applications
6.2.1 Home Charging Systems
6.2.2 Commercial Charging Systems
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electric Vehicle Charging System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Electric Vehicle Charging System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Electric Vehicle Charging System Analysis and Forecast
9.1 Introduction
9.2 North America Electric Vehicle Charging System Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Electric Vehicle Charging System Market Size Forecast by Type
9.6.1 Plug-in Charging System
9.6.2 Wireless Charging System
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Electric Vehicle Charging System Market Size Forecast by Applications
9.10.1 Home Charging Systems
9.10.2 Commercial Charging Systems
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Electric Vehicle Charging System Analysis and Forecast
10.1 Introduction
10.2 Europe Electric Vehicle Charging System Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Electric Vehicle Charging System Market Size Forecast by Type
10.6.1 Plug-in Charging System
10.6.2 Wireless Charging System
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Electric Vehicle Charging System Market Size Forecast by Applications
10.10.1 Home Charging Systems
10.10.2 Commercial Charging Systems
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Electric Vehicle Charging System Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Electric Vehicle Charging System Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Electric Vehicle Charging System Market Size Forecast by Type
11.6.1 Plug-in Charging System
11.6.2 Wireless Charging System
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Electric Vehicle Charging System Market Size Forecast by Applications
11.10.1 Home Charging Systems
11.10.2 Commercial Charging Systems
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Electric Vehicle Charging System Analysis and Forecast
12.1 Introduction
12.2 Latin America Electric Vehicle Charging System Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Electric Vehicle Charging System Market Size Forecast by Type
12.6.1 Plug-in Charging System
12.6.2 Wireless Charging System
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Electric Vehicle Charging System Market Size Forecast by Applications
12.10.1 Home Charging Systems
12.10.2 Commercial Charging Systems
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Electric Vehicle Charging System Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Electric Vehicle Charging System Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Electric Vehicle Charging System Market Size Forecast by Type
13.6.1 Plug-in Charging System
13.6.2 Wireless Charging System
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Electric Vehicle Charging System Market Size Forecast by Applications
13.10.1 Home Charging Systems
13.10.2 Commercial Charging Systems
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Electric Vehicle Charging System Market: Competitive Dashboard
14.2 Global Electric Vehicle Charging System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Tesla
14.3.2 Siemens AG
14.3.3 Webasto Group
14.3.4 Schneider Electric
14.3.5 Plugless Power Inc.
14.3.6 Robert Bosch GmbH
14.3.7 Eaton Corporation plc
14.3.8 Delta Electronics, Inc.
14.3.9 BorgWarner Inc.
14.3.10 Moser Services Group, LLC
