Electric Vehicle Charging System Market Insights and Growth by 2031
The electric vehicle charging system market is expected to register a CAGR of 13.3% during 2023–2031. The evolution of advanced technologies and growing electrification in the automotive sector is likely to remain a key trend in the market.
Electric Vehicle Charging System Market Analysis
- Growing global EV sales and the requirement to build more charging infrastructure are two factors driving the growth of EV charging stations.
- Rapid deployment across regions is encouraged by government policies and subsidies. Since EVs have a limited driving range, large charging networks are necessary to reduce range anxiety, which increases setup.
- A wider range of consumers is anticipated to benefit from the increased demand for charging stations brought about by declining EV prices. When EV sales rise, these factors will lead to an increase in the number of EV charging stations.
Electric Vehicle Charging System Market Overview
- Electric vehicles (EVs) that have a battery and an electrical source that aids in battery charging can be charged using an EV charging system. Level 1, Level 2, and Level 3 charging are the different charging levels that are used to charge these kinds of vehicles.
- The market for electric vehicle charging systems is expected to grow as a result of factors like the introduction of strict government regulations aimed at reducing environmental pollution, the growing popularity of electric vehicles, and increased government initiatives for the construction of infrastructure for charging electric vehicles.
- It is anticipated that the market growth will be impeded by the scarcity of EV charging stations and the absence of standardization in EV charging.
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Electric Vehicle Charging System Market: Strategic Insights
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Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Electric Vehicle Charging System Market: Strategic Insights
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Electric Vehicle Charging System Market Drivers and Opportunities
Supporting Government Policies for the Adoption of Electric Vehicles to Favor the Market
- The growing government focus on mitigating carbon emissions from the automotive sector is anticipated to drive the demand for the electric vehicle charging system market at the global level.
- Governments of China, the US, and India have several policies and incentives that primarily boost the sales of electric scooters.
- Government programs to promote the use of electric vehicles and associated infrastructure, an increase in the demand for battery-powered charging stations, and an increase in the installation of electric vehicles by public transportation providers are the main factors propelling the market's expansion.
Increasing Government Funding for the Development of EV Charging System Technology
- Most EVs require charging options in order to ensure smooth, continuous operation. Large global providers of electric vehicle networks have declared plans to establish charging stations, and a number of shared mobility companies have established fleet electrification goals, leading to a significant rise in the infrastructure for charging vehicles.
- The growing demand for EV charging systems has led to massive government investments in this industry worldwide.
- Future growth opportunities for the EV charging system market are anticipated to be abundant due to advancements in technologies such as bi-directional charging, portable charging systems, usage-based analytics, smart charging with load management, and an automated payment method.
- Additionally, the development of ultra-fast charging technology at EV stations and the increasing use of charging systems for EVs will also likely contribute to this growth and create market opportunities for manufacturers.
Electric Vehicle Charging System Market Report Segmentation Analysis
Key segments that contributed to the derivation of the electric vehicle charging system market analysis are charging infrastructure type, level of charging, charging point, and installation type.
- Based on charging infrastructure type, the electric vehicle charging system market is CCS, CHADEMO, Normal Charge, Tesla Super Charger, Type 2 (IEC 62196 and GB/T 20234.
- Based on the level of charging, the electric vehicle charging system market is divided into Level 1 (Less than 3.7 KW), Level 2 (3.7 - 22 KW), and Level 3 (Above 22 KW).
- Based on the charging point, the electric vehicle charging system market is divided into normal charging, super charging, inductive charging, and DC fast charging (fast charging, ultra fast charging).
- Based on installation type, the electric vehicle charging system market is divided into portable chargers and fixed chargers.
Electric Vehicle Charging System Market Share Analysis by Geography
- The electric vehicle charging system market report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
- Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering electric vehicle charging system market dynamics such as drivers, trends, and opportunities that are impacting the markets at the regional level.
- Also, the report covers PEST analysis, which involves the study of major factors that influence the electric vehicle charging system market in these regions.
Electric Vehicle Charging System Market Report Scope
Electric Vehicle Charging System Market News and Recent Developments
The electric vehicle charging system market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the electric vehicle charging system market are listed below:
- Circle K, a global leader in convenience and mobility, opened its latest EV charging site in Wytheville, Virginia, outside its store along Interstate 81 at State Highway 121. This site is the first to be equipped with ABB E-mobility’s U.S.-manufactured Terra 184 DC fast chargers, which provide up to 180 kW power to drivers. (Source: ABB Ltd., Press Release, May 2023)
Electric Vehicle Charging System Market Report Coverage and Deliverables
The “Electric Vehicle Charging System Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Electric vehicle charging system market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Electric vehicle charging system market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Electric vehicle charging system market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the electric vehicle charging system market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The global electric vehicle charging system market is expected to grow at a CAGR of 13.3% during the forecast period 2023 - 2031.
The rapid technological advancement in the automotive sector is one of the major factors driving the electric vehicle charging system market.
An increase in sales of electric vehicles is anticipated to play a significant role in the global electric vehicle charging system market in the coming years.
The leading players operating in the electric vehicle charging system market are ABB Ltd., BorgWarner Inc. (Delphi), ChargePoint, Inc., Eaton Corporation PLC, General Electric Company, Schneider Electric, Siemens AG, Tata Power, and Tesla, Inc., and Webasto Group.
The report can be delivered in PDF/PPT format; we can also share an excel dataset based on the request.
Some of the customization options available based on request are additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Electric Vehicle Charging System Market - By Charging Infrastructure Type
1.3.2 Electric Vehicle Charging System Market - By Level of Charging
1.3.3 Electric Vehicle Charging System Market - By Charging Point
1.3.4 Electric Vehicle Charging System Market - By DC fast Charging
1.3.5 Electric Vehicle Charging System Market - By Installation Type
1.3.6 Electric Vehicle Charging System Market - By Region
1.3.6.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ELECTRIC VEHICLE CHARGING SYSTEM MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. ELECTRIC VEHICLE CHARGING SYSTEM MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. ELECTRIC VEHICLE CHARGING SYSTEM MARKET - GLOBAL MARKET ANALYSIS
6.1. ELECTRIC VEHICLE CHARGING SYSTEM - GLOBAL MARKET OVERVIEW
6.2. ELECTRIC VEHICLE CHARGING SYSTEM - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. ELECTRIC VEHICLE CHARGING SYSTEM MARKET - REVENUE AND FORECASTS TO 2028 - CHARGING INFRASTRUCTURE TYPE
7.1. OVERVIEW
7.2. CHARGING INFRASTRUCTURE TYPE MARKET FORECASTS AND ANALYSIS
7.3. CCS
7.3.1. Overview
7.3.2. CCS Market Forecast and Analysis
7.4. CHADEMO
7.4.1. Overview
7.4.2. CHADEMO Market Forecast and Analysis
7.5. NORMAL CHARGE
7.5.1. Overview
7.5.2. Normal Charge Market Forecast and Analysis
7.6. TESLA SUPER CHARGER
7.6.1. Overview
7.6.2. Tesla Super Charger Market Forecast and Analysis
7.7. TYPE 2 (IEC 62196 AND GB/T 20234)
7.7.1. Overview
7.7.2. Type 2 (IEC 62196 and GB/T 20234) Market Forecast and Analysis
8. ELECTRIC VEHICLE CHARGING SYSTEM MARKET - REVENUE AND FORECASTS TO 2028 - LEVEL OF CHARGING
8.1. OVERVIEW
8.2. LEVEL OF CHARGING MARKET FORECASTS AND ANALYSIS
8.3. LEVEL 1 (LESS THAN 3.7 KW)
8.3.1. Overview
8.3.2. Level 1 (Less than 3.7 KW) Market Forecast and Analysis
8.4. LEVEL 2 (3.7 - 22 KW)
8.4.1. Overview
8.4.2. Level 2 (3.7 - 22 KW) Market Forecast and Analysis
8.5. LEVEL 3 (ABOVE 22 KW)
8.5.1. Overview
8.5.2. Level 3 (Above 22 KW) Market Forecast and Analysis
9. ELECTRIC VEHICLE CHARGING SYSTEM MARKET - REVENUE AND FORECASTS TO 2028 - CHARGING POINT
9.1. OVERVIEW
9.2. CHARGING POINT MARKET FORECASTS AND ANALYSIS
9.3. NORMAL CHARGING
9.3.1. Overview
9.3.2. Normal Charging Market Forecast and Analysis
9.4. SUPER CHARGING
9.4.1. Overview
9.4.2. Super Charging Market Forecast and Analysis
9.5. INDUCTIVE CHARGING
9.5.1. Overview
9.5.2. Inductive Charging Market Forecast and Analysis
10. ELECTRIC VEHICLE CHARGING SYSTEM MARKET - REVENUE AND FORECASTS TO 2028 - DC FAST CHARGING
10.1. OVERVIEW
10.2. DC FAST CHARGING MARKET FORECASTS AND ANALYSIS
10.3. FAST CHARGING
10.3.1. Overview
10.3.2. Fast Charging Market Forecast and Analysis
10.4. ULTRA FAST CHARGING
10.4.1. Overview
10.4.2. Ultra Fast Charging Market Forecast and Analysis
11. ELECTRIC VEHICLE CHARGING SYSTEM MARKET - REVENUE AND FORECASTS TO 2028 - INSTALLATION TYPE
11.1. OVERVIEW
11.2. INSTALLATION TYPE MARKET FORECASTS AND ANALYSIS
11.3. PORTABLE CHARGER
11.3.1. Overview
11.3.2. Portable Charger Market Forecast and Analysis
11.4. FIXED CHARGER
11.4.1. Overview
11.4.2. Fixed Charger Market Forecast and Analysis
12. ELECTRIC VEHICLE CHARGING SYSTEM MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
12.1. NORTH AMERICA
12.1.1 North America Electric Vehicle Charging System Market Overview
12.1.2 North America Electric Vehicle Charging System Market Forecasts and Analysis
12.1.3 North America Electric Vehicle Charging System Market Forecasts and Analysis - By Charging Infrastructure Type
12.1.4 North America Electric Vehicle Charging System Market Forecasts and Analysis - By Level of Charging
12.1.5 North America Electric Vehicle Charging System Market Forecasts and Analysis - By Charging Point
12.1.6 North America Electric Vehicle Charging System Market Forecasts and Analysis - By DC fast Charging
12.1.7 North America Electric Vehicle Charging System Market Forecasts and Analysis - By Installation Type
12.1.8 North America Electric Vehicle Charging System Market Forecasts and Analysis - By Countries
12.1.8.1 United States Electric Vehicle Charging System Market
12.1.8.1.1 United States Electric Vehicle Charging System Market by Charging Infrastructure Type
12.1.8.1.2 United States Electric Vehicle Charging System Market by Level of Charging
12.1.8.1.3 United States Electric Vehicle Charging System Market by Charging Point
12.1.8.1.4 United States Electric Vehicle Charging System Market by DC fast Charging
12.1.8.1.5 United States Electric Vehicle Charging System Market by Installation Type
12.1.8.2 Canada Electric Vehicle Charging System Market
12.1.8.2.1 Canada Electric Vehicle Charging System Market by Charging Infrastructure Type
12.1.8.2.2 Canada Electric Vehicle Charging System Market by Level of Charging
12.1.8.2.3 Canada Electric Vehicle Charging System Market by Charging Point
12.1.8.2.4 Canada Electric Vehicle Charging System Market by DC fast Charging
12.1.8.2.5 Canada Electric Vehicle Charging System Market by Installation Type
12.1.8.3 Mexico Electric Vehicle Charging System Market
12.1.8.3.1 Mexico Electric Vehicle Charging System Market by Charging Infrastructure Type
12.1.8.3.2 Mexico Electric Vehicle Charging System Market by Level of Charging
12.1.8.3.3 Mexico Electric Vehicle Charging System Market by Charging Point
12.1.8.3.4 Mexico Electric Vehicle Charging System Market by DC fast Charging
12.1.8.3.5 Mexico Electric Vehicle Charging System Market by Installation Type
12.2. EUROPE
12.2.1 Europe Electric Vehicle Charging System Market Overview
12.2.2 Europe Electric Vehicle Charging System Market Forecasts and Analysis
12.2.3 Europe Electric Vehicle Charging System Market Forecasts and Analysis - By Charging Infrastructure Type
12.2.4 Europe Electric Vehicle Charging System Market Forecasts and Analysis - By Level of Charging
12.2.5 Europe Electric Vehicle Charging System Market Forecasts and Analysis - By Charging Point
12.2.6 Europe Electric Vehicle Charging System Market Forecasts and Analysis - By DC fast Charging
12.2.7 Europe Electric Vehicle Charging System Market Forecasts and Analysis - By Installation Type
12.2.8 Europe Electric Vehicle Charging System Market Forecasts and Analysis - By Countries
12.2.8.1 Germany Electric Vehicle Charging System Market
12.2.8.1.1 Germany Electric Vehicle Charging System Market by Charging Infrastructure Type
12.2.8.1.2 Germany Electric Vehicle Charging System Market by Level of Charging
12.2.8.1.3 Germany Electric Vehicle Charging System Market by Charging Point
12.2.8.1.4 Germany Electric Vehicle Charging System Market by DC fast Charging
12.2.8.1.5 Germany Electric Vehicle Charging System Market by Installation Type
12.2.8.2 France Electric Vehicle Charging System Market
12.2.8.2.1 France Electric Vehicle Charging System Market by Charging Infrastructure Type
12.2.8.2.2 France Electric Vehicle Charging System Market by Level of Charging
12.2.8.2.3 France Electric Vehicle Charging System Market by Charging Point
12.2.8.2.4 France Electric Vehicle Charging System Market by DC fast Charging
12.2.8.2.5 France Electric Vehicle Charging System Market by Installation Type
12.2.8.3 Italy Electric Vehicle Charging System Market
12.2.8.3.1 Italy Electric Vehicle Charging System Market by Charging Infrastructure Type
12.2.8.3.2 Italy Electric Vehicle Charging System Market by Level of Charging
12.2.8.3.3 Italy Electric Vehicle Charging System Market by Charging Point
12.2.8.3.4 Italy Electric Vehicle Charging System Market by DC fast Charging
12.2.8.3.5 Italy Electric Vehicle Charging System Market by Installation Type
12.2.8.4 United Kingdom Electric Vehicle Charging System Market
12.2.8.4.1 United Kingdom Electric Vehicle Charging System Market by Charging Infrastructure Type
12.2.8.4.2 United Kingdom Electric Vehicle Charging System Market by Level of Charging
12.2.8.4.3 United Kingdom Electric Vehicle Charging System Market by Charging Point
12.2.8.4.4 United Kingdom Electric Vehicle Charging System Market by DC fast Charging
12.2.8.4.5 United Kingdom Electric Vehicle Charging System Market by Installation Type
12.2.8.5 Russia Electric Vehicle Charging System Market
12.2.8.5.1 Russia Electric Vehicle Charging System Market by Charging Infrastructure Type
12.2.8.5.2 Russia Electric Vehicle Charging System Market by Level of Charging
12.2.8.5.3 Russia Electric Vehicle Charging System Market by Charging Point
12.2.8.5.4 Russia Electric Vehicle Charging System Market by DC fast Charging
12.2.8.5.5 Russia Electric Vehicle Charging System Market by Installation Type
12.2.8.6 Rest of Europe Electric Vehicle Charging System Market
12.2.8.6.1 Rest of Europe Electric Vehicle Charging System Market by Charging Infrastructure Type
12.2.8.6.2 Rest of Europe Electric Vehicle Charging System Market by Level of Charging
12.2.8.6.3 Rest of Europe Electric Vehicle Charging System Market by Charging Point
12.2.8.6.4 Rest of Europe Electric Vehicle Charging System Market by DC fast Charging
12.2.8.6.5 Rest of Europe Electric Vehicle Charging System Market by Installation Type
12.3. ASIA-PACIFIC
12.3.1 Asia-Pacific Electric Vehicle Charging System Market Overview
12.3.2 Asia-Pacific Electric Vehicle Charging System Market Forecasts and Analysis
12.3.3 Asia-Pacific Electric Vehicle Charging System Market Forecasts and Analysis - By Charging Infrastructure Type
12.3.4 Asia-Pacific Electric Vehicle Charging System Market Forecasts and Analysis - By Level of Charging
12.3.5 Asia-Pacific Electric Vehicle Charging System Market Forecasts and Analysis - By Charging Point
12.3.6 Asia-Pacific Electric Vehicle Charging System Market Forecasts and Analysis - By DC fast Charging
12.3.7 Asia-Pacific Electric Vehicle Charging System Market Forecasts and Analysis - By Installation Type
12.3.8 Asia-Pacific Electric Vehicle Charging System Market Forecasts and Analysis - By Countries
12.3.8.1 Australia Electric Vehicle Charging System Market
12.3.8.1.1 Australia Electric Vehicle Charging System Market by Charging Infrastructure Type
12.3.8.1.2 Australia Electric Vehicle Charging System Market by Level of Charging
12.3.8.1.3 Australia Electric Vehicle Charging System Market by Charging Point
12.3.8.1.4 Australia Electric Vehicle Charging System Market by DC fast Charging
12.3.8.1.5 Australia Electric Vehicle Charging System Market by Installation Type
12.3.8.2 China Electric Vehicle Charging System Market
12.3.8.2.1 China Electric Vehicle Charging System Market by Charging Infrastructure Type
12.3.8.2.2 China Electric Vehicle Charging System Market by Level of Charging
12.3.8.2.3 China Electric Vehicle Charging System Market by Charging Point
12.3.8.2.4 China Electric Vehicle Charging System Market by DC fast Charging
12.3.8.2.5 China Electric Vehicle Charging System Market by Installation Type
12.3.8.3 India Electric Vehicle Charging System Market
12.3.8.3.1 India Electric Vehicle Charging System Market by Charging Infrastructure Type
12.3.8.3.2 India Electric Vehicle Charging System Market by Level of Charging
12.3.8.3.3 India Electric Vehicle Charging System Market by Charging Point
12.3.8.3.4 India Electric Vehicle Charging System Market by DC fast Charging
12.3.8.3.5 India Electric Vehicle Charging System Market by Installation Type
12.3.8.4 Japan Electric Vehicle Charging System Market
12.3.8.4.1 Japan Electric Vehicle Charging System Market by Charging Infrastructure Type
12.3.8.4.2 Japan Electric Vehicle Charging System Market by Level of Charging
12.3.8.4.3 Japan Electric Vehicle Charging System Market by Charging Point
12.3.8.4.4 Japan Electric Vehicle Charging System Market by DC fast Charging
12.3.8.4.5 Japan Electric Vehicle Charging System Market by Installation Type
12.3.8.5 South Korea Electric Vehicle Charging System Market
12.3.8.5.1 South Korea Electric Vehicle Charging System Market by Charging Infrastructure Type
12.3.8.5.2 South Korea Electric Vehicle Charging System Market by Level of Charging
12.3.8.5.3 South Korea Electric Vehicle Charging System Market by Charging Point
12.3.8.5.4 South Korea Electric Vehicle Charging System Market by DC fast Charging
12.3.8.5.5 South Korea Electric Vehicle Charging System Market by Installation Type
12.3.8.6 Rest of Asia-Pacific Electric Vehicle Charging System Market
12.3.8.6.1 Rest of Asia-Pacific Electric Vehicle Charging System Market by Charging Infrastructure Type
12.3.8.6.2 Rest of Asia-Pacific Electric Vehicle Charging System Market by Level of Charging
12.3.8.6.3 Rest of Asia-Pacific Electric Vehicle Charging System Market by Charging Point
12.3.8.6.4 Rest of Asia-Pacific Electric Vehicle Charging System Market by DC fast Charging
12.3.8.6.5 Rest of Asia-Pacific Electric Vehicle Charging System Market by Installation Type
12.4. MIDDLE EAST AND AFRICA
12.4.1 Middle East and Africa Electric Vehicle Charging System Market Overview
12.4.2 Middle East and Africa Electric Vehicle Charging System Market Forecasts and Analysis
12.4.3 Middle East and Africa Electric Vehicle Charging System Market Forecasts and Analysis - By Charging Infrastructure Type
12.4.4 Middle East and Africa Electric Vehicle Charging System Market Forecasts and Analysis - By Level of Charging
12.4.5 Middle East and Africa Electric Vehicle Charging System Market Forecasts and Analysis - By Charging Point
12.4.6 Middle East and Africa Electric Vehicle Charging System Market Forecasts and Analysis - By DC fast Charging
12.4.7 Middle East and Africa Electric Vehicle Charging System Market Forecasts and Analysis - By Installation Type
12.4.8 Middle East and Africa Electric Vehicle Charging System Market Forecasts and Analysis - By Countries
12.4.8.1 South Africa Electric Vehicle Charging System Market
12.4.8.1.1 South Africa Electric Vehicle Charging System Market by Charging Infrastructure Type
12.4.8.1.2 South Africa Electric Vehicle Charging System Market by Level of Charging
12.4.8.1.3 South Africa Electric Vehicle Charging System Market by Charging Point
12.4.8.1.4 South Africa Electric Vehicle Charging System Market by DC fast Charging
12.4.8.1.5 South Africa Electric Vehicle Charging System Market by Installation Type
12.4.8.2 Saudi Arabia Electric Vehicle Charging System Market
12.4.8.2.1 Saudi Arabia Electric Vehicle Charging System Market by Charging Infrastructure Type
12.4.8.2.2 Saudi Arabia Electric Vehicle Charging System Market by Level of Charging
12.4.8.2.3 Saudi Arabia Electric Vehicle Charging System Market by Charging Point
12.4.8.2.4 Saudi Arabia Electric Vehicle Charging System Market by DC fast Charging
12.4.8.2.5 Saudi Arabia Electric Vehicle Charging System Market by Installation Type
12.4.8.3 U.A.E Electric Vehicle Charging System Market
12.4.8.3.1 U.A.E Electric Vehicle Charging System Market by Charging Infrastructure Type
12.4.8.3.2 U.A.E Electric Vehicle Charging System Market by Level of Charging
12.4.8.3.3 U.A.E Electric Vehicle Charging System Market by Charging Point
12.4.8.3.4 U.A.E Electric Vehicle Charging System Market by DC fast Charging
12.4.8.3.5 U.A.E Electric Vehicle Charging System Market by Installation Type
12.4.8.4 Rest of Middle East and Africa Electric Vehicle Charging System Market
12.4.8.4.1 Rest of Middle East and Africa Electric Vehicle Charging System Market by Charging Infrastructure Type
12.4.8.4.2 Rest of Middle East and Africa Electric Vehicle Charging System Market by Level of Charging
12.4.8.4.3 Rest of Middle East and Africa Electric Vehicle Charging System Market by Charging Point
12.4.8.4.4 Rest of Middle East and Africa Electric Vehicle Charging System Market by DC fast Charging
12.4.8.4.5 Rest of Middle East and Africa Electric Vehicle Charging System Market by Installation Type
12.5. SOUTH AND CENTRAL AMERICA
12.5.1 South and Central America Electric Vehicle Charging System Market Overview
12.5.2 South and Central America Electric Vehicle Charging System Market Forecasts and Analysis
12.5.3 South and Central America Electric Vehicle Charging System Market Forecasts and Analysis - By Charging Infrastructure Type
12.5.4 South and Central America Electric Vehicle Charging System Market Forecasts and Analysis - By Level of Charging
12.5.5 South and Central America Electric Vehicle Charging System Market Forecasts and Analysis - By Charging Point
12.5.6 South and Central America Electric Vehicle Charging System Market Forecasts and Analysis - By DC fast Charging
12.5.7 South and Central America Electric Vehicle Charging System Market Forecasts and Analysis - By Installation Type
12.5.8 South and Central America Electric Vehicle Charging System Market Forecasts and Analysis - By Countries
12.5.8.1 Brazil Electric Vehicle Charging System Market
12.5.8.1.1 Brazil Electric Vehicle Charging System Market by Charging Infrastructure Type
12.5.8.1.2 Brazil Electric Vehicle Charging System Market by Level of Charging
12.5.8.1.3 Brazil Electric Vehicle Charging System Market by Charging Point
12.5.8.1.4 Brazil Electric Vehicle Charging System Market by DC fast Charging
12.5.8.1.5 Brazil Electric Vehicle Charging System Market by Installation Type
12.5.8.2 Argentina Electric Vehicle Charging System Market
12.5.8.2.1 Argentina Electric Vehicle Charging System Market by Charging Infrastructure Type
12.5.8.2.2 Argentina Electric Vehicle Charging System Market by Level of Charging
12.5.8.2.3 Argentina Electric Vehicle Charging System Market by Charging Point
12.5.8.2.4 Argentina Electric Vehicle Charging System Market by DC fast Charging
12.5.8.2.5 Argentina Electric Vehicle Charging System Market by Installation Type
12.5.8.3 Rest of South and Central America Electric Vehicle Charging System Market
12.5.8.3.1 Rest of South and Central America Electric Vehicle Charging System Market by Charging Infrastructure Type
12.5.8.3.2 Rest of South and Central America Electric Vehicle Charging System Market by Level of Charging
12.5.8.3.3 Rest of South and Central America Electric Vehicle Charging System Market by Charging Point
12.5.8.3.4 Rest of South and Central America Electric Vehicle Charging System Market by DC fast Charging
12.5.8.3.5 Rest of South and Central America Electric Vehicle Charging System Market by Installation Type
13. INDUSTRY LANDSCAPE
13.1. MERGERS AND ACQUISITIONS
13.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
13.3. NEW PRODUCT LAUNCHES
13.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
14. ELECTRIC VEHICLE CHARGING SYSTEM MARKET, KEY COMPANY PROFILES
14.1. ABB LTD.
14.1.1. Key Facts
14.1.2. Business Description
14.1.3. Products and Services
14.1.4. Financial Overview
14.1.5. SWOT Analysis
14.1.6. Key Developments
14.2. BORGWARNER INC. (DELPHI)
14.2.1. Key Facts
14.2.2. Business Description
14.2.3. Products and Services
14.2.4. Financial Overview
14.2.5. SWOT Analysis
14.2.6. Key Developments
14.3. CHARGEPOINT, INC.
14.3.1. Key Facts
14.3.2. Business Description
14.3.3. Products and Services
14.3.4. Financial Overview
14.3.5. SWOT Analysis
14.3.6. Key Developments
14.4. EATON CORPORATION PLC
14.4.1. Key Facts
14.4.2. Business Description
14.4.3. Products and Services
14.4.4. Financial Overview
14.4.5. SWOT Analysis
14.4.6. Key Developments
14.5. GENERAL ELECTRIC COMPANY
14.5.1. Key Facts
14.5.2. Business Description
14.5.3. Products and Services
14.5.4. Financial Overview
14.5.5. SWOT Analysis
14.5.6. Key Developments
14.6. SCHNEIDER ELECTRIC
14.6.1. Key Facts
14.6.2. Business Description
14.6.3. Products and Services
14.6.4. Financial Overview
14.6.5. SWOT Analysis
14.6.6. Key Developments
14.7. SIEMENS AG
14.7.1. Key Facts
14.7.2. Business Description
14.7.3. Products and Services
14.7.4. Financial Overview
14.7.5. SWOT Analysis
14.7.6. Key Developments
14.8. TATA POWER
14.8.1. Key Facts
14.8.2. Business Description
14.8.3. Products and Services
14.8.4. Financial Overview
14.8.5. SWOT Analysis
14.8.6. Key Developments
14.9. TESLA, INC
14.9.1. Key Facts
14.9.2. Business Description
14.9.3. Products and Services
14.9.4. Financial Overview
14.9.5. SWOT Analysis
14.9.6. Key Developments
14.10. WEBASTO GROUP
14.10.1. Key Facts
14.10.2. Business Description
14.10.3. Products and Services
14.10.4. Financial Overview
14.10.5. SWOT Analysis
14.10.6. Key Developments
15. APPENDIX
15.1. ABOUT THE INSIGHT PARTNERS
15.2. GLOSSARY OF TERMS
The List of Companies
1. ABB Ltd.
2. BorgWarner Inc. (Delphi)
3. ChargePoint, Inc.
4. Eaton Corporation PLC
5. General Electric Company
6. Schneider Electric
7. Siemens AG
8. Tata Power
9. Tesla, Inc
10. Webasto Group
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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