Market Overview:
The global heavy-duty electric vehicle charging infrastructure 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, rising concerns about environmental pollution, and government initiatives towards the adoption of electric vehicles. The global heavy-duty electric vehicle charging infrastructure market can be segmented on the basis of type into DC chargers and AC chargers. The DC charger segment is expected to grow at a higher CAGR than the AC charger segment during the forecast period from 2018 to 2030. This growth can be attributed to factors such as lower installation costs and faster charging times for DC chargers as compared with AC chargers. On the basis of application, the global heavy-duty electric vehicle charging infrastructure market can be divided into fast charging and slow charging segments.
Product Definition:
Heavy-duty electric vehicle charging infrastructure is a term used to describe the equipment and systems necessary to provide power to large trucks or buses that run on electricity. These vehicles are often called "electric trucks" or "electric buses." The importance of heavy-duty electric vehicle charging infrastructure is that it can help reduce emissions from transportation, which is one of the largest sources of pollution in the United States.
DC Charger:
DC charger is a device used to charge electric vehicles that uses direct current instead of the alternating current typically found in wall outlets. The DC chargers are being increasingly adopted by the EV manufacturers and charging network operators as they help reduce carbon emissions, improve vehicle range, and simplify vehicle electrification process.
The increasing sales of heavy-duty electric vehicles (HDEVs) across major countries globally has been one of the key factors driving market growth.
AC Charger:
An AC charger is a device used to charge electric vehicles that uses alternating current (AC) to transmit power. The charging equipment comprises of an inverter, a high-power source, and an AC cord. An AC charger is designed for use in homes as well as commercial charging stations.
The increasing sales of heavy-duty electric vehicles globally are expected to drive the demand for advanced infrastructure over the forecast period.
Application Insights:
The market is segmented by application into fast charging and slow charging. The fast charging segment dominated the overall industry in terms of revenue share in 2017, owing to the growing demand for electric vehicles with high recharging capabilities. Fast chargers are widely adopted across highways, parking lots of commercial areas and hotels, residential complexes and public buildings.
The adoption of these chargers has been particularly high in developed economies such as North America and Europe due to a large number of compatible EVs on the roads coupled with robust infrastructure development over recent years. In addition, government initiatives such as EVgo's Level 2 Electric Vehicle Charging Station Deployment Program are expected to drive deployment activities at highway rest stops across the U.S., which will further boost demand over the forecast period.
Regional Analysis:
Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period. The region accounted for a share of more than 30% in 2017 owing to increasing sales of heavy-duty electric vehicles, such as buses and trucks, in countries such as China and India. Moreover, favorable government policies encouraging investments through subsidies are also expected to drive regional growth over the next eight years. For instance, China offers incentives on battery charging stations that enable long distances travel using only battery power thus reducing emissions and fuel consumption.
Europe is estimated to account for a significant market share by 2030 owing both ends of spectrum; slow chargeers (AC) and fast chargers (DC).
Growth Factors:
- Increasing demand for electric vehicles: The global market for electric vehicles is expected to grow at a CAGR of more than 14% during the forecast period. This will lead to an increase in the demand for heavy-duty electric vehicle charging infrastructure.
- Government initiatives and subsidies: Governments across the globe are promoting the adoption of electric vehicles by providing various incentives such as subsidies, tax rebates, and parking privileges. This is expected to drive the growth of the heavy-duty electric vehicle charging infrastructure market during the forecast period.
- Development of smart cities: The development of smart cities is another major factor that is expected to drive growth in this market during the forecast period. Smart cities are equipped with advanced technologies that facilitate efficient management and operation of various city functions, including transportation systems. This will create a need for heavy-duty electric vehicle charging infrastructure in these cities, thereby driving its growth prospects during the forecast period..
Scope Of The Report
Report Attributes
Report Details
Report Title
Heavy-Duty Electric Vehicle Charging Infrastructure Market Research Report
By Type
DC Charger, AC Charger
By Application
Fast Charging, Slow Charging
By Companies
ABB, Siemens, Bombardier, Kempower, Tesla, Proterra, Chargepoint, Schunk Group, EFACEC, Shijiazhuang Tonhe Electronics Technologies, Kehua Hengsheng
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
172
Number of Tables & Figures
121
Customization Available
Yes, the report can be customized as per your need.
Global Heavy-Duty Electric Vehicle Charging Infrastructure Market Report Segments:
The global Heavy-Duty Electric Vehicle Charging Infrastructure market is segmented on the basis of:
Types
DC Charger, AC Charger
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
Fast Charging, Slow Charging
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:
- ABB
- Siemens
- Bombardier
- Kempower
- Tesla
- Proterra
- Chargepoint
- Schunk Group
- EFACEC
- Shijiazhuang Tonhe Electronics Technologies
- Kehua Hengsheng
Highlights of The Heavy-Duty Electric Vehicle Charging Infrastructure 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:
- DC Charger
- AC Charger
- By Application:
- Fast Charging
- Slow Charging
- 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 Heavy-Duty Electric Vehicle Charging Infrastructure 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.
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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?
Heavy-duty electric vehicle charging infrastructure is a network of stations that can charge an electric vehicle quickly. The stations are typically located near highways and other major transportation hubs.
Some of the major companies in the heavy-duty electric vehicle charging infrastructure market are ABB, Siemens, Bombardier, Kempower, Tesla, Proterra, Chargepoint, Schunk Group, EFACEC, Shijiazhuang Tonhe Electronics Technologies, Kehua Hengsheng.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Heavy-Duty Electric Vehicle Charging Infrastructure 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 Heavy-Duty Electric Vehicle Charging Infrastructure Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Heavy-Duty Electric Vehicle Charging Infrastructure 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 Heavy-Duty Electric Vehicle Charging Infrastructure 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 Heavy-Duty Electric Vehicle Charging Infrastructure Market Size & Forecast, 2018-2028
4.5.1 Heavy-Duty Electric Vehicle Charging Infrastructure Market Size and Y-o-Y Growth
4.5.2 Heavy-Duty Electric Vehicle Charging Infrastructure Market Absolute $ Opportunity
Chapter 5 Global Heavy-Duty Electric Vehicle Charging Infrastructure 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 Heavy-Duty Electric Vehicle Charging Infrastructure Market Size Forecast by Type
5.2.1 DC Charger
5.2.2 AC Charger
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Heavy-Duty Electric Vehicle Charging Infrastructure 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 Heavy-Duty Electric Vehicle Charging Infrastructure Market Size Forecast by Applications
6.2.1 Fast Charging
6.2.2 Slow Charging
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Heavy-Duty Electric Vehicle Charging Infrastructure 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 Heavy-Duty Electric Vehicle Charging Infrastructure 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 Heavy-Duty Electric Vehicle Charging Infrastructure Analysis and Forecast
9.1 Introduction
9.2 North America Heavy-Duty Electric Vehicle Charging Infrastructure 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 Heavy-Duty Electric Vehicle Charging Infrastructure Market Size Forecast by Type
9.6.1 DC Charger
9.6.2 AC Charger
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 Heavy-Duty Electric Vehicle Charging Infrastructure Market Size Forecast by Applications
9.10.1 Fast Charging
9.10.2 Slow Charging
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 Heavy-Duty Electric Vehicle Charging Infrastructure Analysis and Forecast
10.1 Introduction
10.2 Europe Heavy-Duty Electric Vehicle Charging Infrastructure 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 Heavy-Duty Electric Vehicle Charging Infrastructure Market Size Forecast by Type
10.6.1 DC Charger
10.6.2 AC Charger
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 Heavy-Duty Electric Vehicle Charging Infrastructure Market Size Forecast by Applications
10.10.1 Fast Charging
10.10.2 Slow Charging
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 Heavy-Duty Electric Vehicle Charging Infrastructure Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Heavy-Duty Electric Vehicle Charging Infrastructure 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 Heavy-Duty Electric Vehicle Charging Infrastructure Market Size Forecast by Type
11.6.1 DC Charger
11.6.2 AC Charger
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 Heavy-Duty Electric Vehicle Charging Infrastructure Market Size Forecast by Applications
11.10.1 Fast Charging
11.10.2 Slow Charging
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 Heavy-Duty Electric Vehicle Charging Infrastructure Analysis and Forecast
12.1 Introduction
12.2 Latin America Heavy-Duty Electric Vehicle Charging Infrastructure 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 Heavy-Duty Electric Vehicle Charging Infrastructure Market Size Forecast by Type
12.6.1 DC Charger
12.6.2 AC Charger
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 Heavy-Duty Electric Vehicle Charging Infrastructure Market Size Forecast by Applications
12.10.1 Fast Charging
12.10.2 Slow Charging
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) Heavy-Duty Electric Vehicle Charging Infrastructure Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Heavy-Duty Electric Vehicle Charging Infrastructure 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) Heavy-Duty Electric Vehicle Charging Infrastructure Market Size Forecast by Type
13.6.1 DC Charger
13.6.2 AC Charger
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) Heavy-Duty Electric Vehicle Charging Infrastructure Market Size Forecast by Applications
13.10.1 Fast Charging
13.10.2 Slow Charging
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 Heavy-Duty Electric Vehicle Charging Infrastructure Market: Competitive Dashboard
14.2 Global Heavy-Duty Electric Vehicle Charging Infrastructure Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Siemens
14.3.3 Bombardier
14.3.4 Kempower
14.3.5 Tesla
14.3.6 Proterra
14.3.7 Chargepoint
14.3.8 Schunk Group
14.3.9 EFACEC
14.3.10 Shijiazhuang Tonhe Electronics Technologies
14.3.11 Kehua Hengsheng
