Market Overview:
The global heavy electric vehicle and industrial equipment 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 buses, semi-trailer trucks, heavy duty trucks, terminal tractors, and other industrial equipment. Additionally, the growing awareness about the benefits of using electric vehicles is also contributing to the growth of this market.
Product Definition:
A heavy electric vehicle (HEV) is a type of electric vehicle that has a higher weight than most other types of electric vehicles. HEVs are often used for industrial purposes, as they can handle heavier loads than other types of EVs. Industrial equipment charging is the process of providing power to industrial equipment in order to keep it running. Charging this equipment is important for keeping businesses running smoothly and efficiently.
Tatic Power Transfer:
Tatic Power Transfer (TPT) is a smart solution that enables electric vehicles to charge their batteries using an industrial power source. The company has developed a patented technology for high-power wireless charging of electric vehicles and other equipment. Tactic Power Transfer can charge multiple devices at the same time, which increases its adoption in heavy electric vehicle charging applications as compared to conventional solutions.
Dynamic Power Transfer:
Dynamic Power Transfer (DPT) is a technology that enables efficient power transmission between charging stations and electric vehicles. It utilizes the momentum of an electric vehicle to generate electricity, which is then used to charge the battery in the vehicle. DPT can be implemented with various charging station types such as AC level 1, AC level 2 & DC fast chargers and DC slow chargers.
Application Insights:
The market is segmented by application into electric bus, semi-trailer truck, heavy duty truck, terminal tractor and other. The other segment includes forklifts and trucks. Electric buses accounted for the largest share in 2017 owing to their ability to reduce emissions significantly while providing high passenger comfort. They also offer a clean energy solution as they run on electricity generated through renewable sources such as solar panels or wind turbines installed on the roofs of public buildings or private homes. These factors are projected to drive demand over the forecast period.
Semi-trailer trucks are expected to be among fastest growing segments over the forecast period owing to increasing adoption of these vehicles in industries such as construction.
Regional Analysis:
Asia Pacific dominated the global heavy electric vehicle and industrial equipment charging market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing demand for green vehicles, supportive government initiatives, and growing adoption of electric trucks. Moreover, China has set a target of having at least 5 million heavy-duty EV by 2020. This will further boost regional growth over the next eight years.
The North American regional market accounted for a major share in 2017 due to early adoption of Electric Vehicles (EVs) along with favorable government policies regarding EVs across U.S.
Growth Factors:
- Increasing demand for electric vehicles and industrial equipment
- Government initiatives and regulations for promoting electric vehicles and industrial equipment
- Development of charging infrastructure including public charging stations, workplace charging, and home charging
- Advancement in technology that leads to development of more efficient and faster chargers
- Growing awareness about the benefits of electric vehicles and industrial equipment
Scope Of The Report
Report Attributes
Report Details
Report Title
Heavy Electric Vehicle & Industrial Equipment Charging Market Research Report
By Type
Tatic Power Transfer, Dynamic Power Transfer
By Application
Electric Bus, Semi-Trailer Truck, Heavy Duty Truck, Terminal Tractor, Other
By Companies
Electreon, WiTricity Corporation, Greenlots, Delta Energy Systems, Momentum Dynamics, WAVE, Electreon
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
202
Number of Tables & Figures
142
Customization Available
Yes, the report can be customized as per your need.
Global Heavy Electric Vehicle & Industrial Equipment Charging Market Report Segments:
The global Heavy Electric Vehicle & Industrial Equipment Charging market is segmented on the basis of:
Types
Tatic Power Transfer, Dynamic Power Transfer
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
Electric Bus, Semi-Trailer Truck, Heavy Duty Truck, Terminal Tractor, 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:
- Electreon
- WiTricity Corporation
- Greenlots
- Delta Energy Systems
- Momentum Dynamics
- WAVE
- Electreon
Highlights of The Heavy Electric Vehicle & Industrial Equipment 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:
- Tatic Power Transfer
- Dynamic Power Transfer
- By Application:
- Electric Bus
- Semi-Trailer Truck
- Heavy Duty Truck
- Terminal Tractor
- 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 Heavy Electric Vehicle & Industrial Equipment 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?
Heavy electric vehicle (HEV) charging is a process of recharging electric vehicles using high-power electrical grids. HEV charging stations are typically found at industrial and commercial sites, such as airports, truck stops, and shopping malls.
Some of the major companies in the heavy electric vehicle & industrial equipment charging market are Electreon, WiTricity Corporation, Greenlots, Delta Energy Systems, Momentum Dynamics, WAVE, Electreon.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Heavy Electric Vehicle & Industrial Equipment Charging 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 Electric Vehicle & Industrial Equipment Charging Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Heavy Electric Vehicle & Industrial Equipment Charging 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 Electric Vehicle & Industrial Equipment Charging 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 Electric Vehicle & Industrial Equipment Charging Market Size & Forecast, 2018-2028
4.5.1 Heavy Electric Vehicle & Industrial Equipment Charging Market Size and Y-o-Y Growth
4.5.2 Heavy Electric Vehicle & Industrial Equipment Charging Market Absolute $ Opportunity
Chapter 5 Global Heavy Electric Vehicle & Industrial Equipment Charging 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 Electric Vehicle & Industrial Equipment Charging Market Size Forecast by Type
5.2.1 Tatic Power Transfer
5.2.2 Dynamic Power Transfer
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Heavy Electric Vehicle & Industrial Equipment Charging 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 Electric Vehicle & Industrial Equipment Charging Market Size Forecast by Applications
6.2.1 Electric Bus
6.2.2 Semi-Trailer Truck
6.2.3 Heavy Duty Truck
6.2.4 Terminal Tractor
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Heavy Electric Vehicle & Industrial Equipment Charging 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 Electric Vehicle & Industrial Equipment Charging 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 Electric Vehicle & Industrial Equipment Charging Analysis and Forecast
9.1 Introduction
9.2 North America Heavy Electric Vehicle & Industrial Equipment Charging 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 Electric Vehicle & Industrial Equipment Charging Market Size Forecast by Type
9.6.1 Tatic Power Transfer
9.6.2 Dynamic Power Transfer
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 Electric Vehicle & Industrial Equipment Charging Market Size Forecast by Applications
9.10.1 Electric Bus
9.10.2 Semi-Trailer Truck
9.10.3 Heavy Duty Truck
9.10.4 Terminal Tractor
9.10.5 Other
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 Electric Vehicle & Industrial Equipment Charging Analysis and Forecast
10.1 Introduction
10.2 Europe Heavy Electric Vehicle & Industrial Equipment Charging 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 Electric Vehicle & Industrial Equipment Charging Market Size Forecast by Type
10.6.1 Tatic Power Transfer
10.6.2 Dynamic Power Transfer
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 Electric Vehicle & Industrial Equipment Charging Market Size Forecast by Applications
10.10.1 Electric Bus
10.10.2 Semi-Trailer Truck
10.10.3 Heavy Duty Truck
10.10.4 Terminal Tractor
10.10.5 Other
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 Electric Vehicle & Industrial Equipment Charging Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Heavy Electric Vehicle & Industrial Equipment Charging 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 Electric Vehicle & Industrial Equipment Charging Market Size Forecast by Type
11.6.1 Tatic Power Transfer
11.6.2 Dynamic Power Transfer
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 Electric Vehicle & Industrial Equipment Charging Market Size Forecast by Applications
11.10.1 Electric Bus
11.10.2 Semi-Trailer Truck
11.10.3 Heavy Duty Truck
11.10.4 Terminal Tractor
11.10.5 Other
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 Electric Vehicle & Industrial Equipment Charging Analysis and Forecast
12.1 Introduction
12.2 Latin America Heavy Electric Vehicle & Industrial Equipment Charging 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 Electric Vehicle & Industrial Equipment Charging Market Size Forecast by Type
12.6.1 Tatic Power Transfer
12.6.2 Dynamic Power Transfer
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 Electric Vehicle & Industrial Equipment Charging Market Size Forecast by Applications
12.10.1 Electric Bus
12.10.2 Semi-Trailer Truck
12.10.3 Heavy Duty Truck
12.10.4 Terminal Tractor
12.10.5 Other
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 Electric Vehicle & Industrial Equipment Charging Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Heavy Electric Vehicle & Industrial Equipment Charging 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 Electric Vehicle & Industrial Equipment Charging Market Size Forecast by Type
13.6.1 Tatic Power Transfer
13.6.2 Dynamic Power Transfer
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 Electric Vehicle & Industrial Equipment Charging Market Size Forecast by Applications
13.10.1 Electric Bus
13.10.2 Semi-Trailer Truck
13.10.3 Heavy Duty Truck
13.10.4 Terminal Tractor
13.10.5 Other
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 Electric Vehicle & Industrial Equipment Charging Market: Competitive Dashboard
14.2 Global Heavy Electric Vehicle & Industrial Equipment Charging Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Electreon
14.3.2 WiTricity Corporation
14.3.3 Greenlots
14.3.4 Delta Energy Systems
14.3.5 Momentum Dynamics
14.3.6 WAVE
14.3.7 Electreon
