Increasing demand for electric vehicles across the globe due to changing environmental concerns and emission control is expected to drive the growth of electric vehicle supply equipment market during the forecast period. This has resulted in some of the key developments by companies operating in the market to consolidate their market positions and look for further niche opportunities.

An Electric Vehicle Supply Equipment (EVSE) is also known as electric vehicle charging station, electric charging point. The chargers and the protocols that are established to create them are known as EVSE, they amplify safety by enabling two-way communication between the electric vehicle and the charging station.

The main function of an EVSE is to supply electric energy to charge electric vehicles. These stations are installed in parking locations and are supplied by electric utility companies or even in retail shopping malls by some private companies. These stations are equipped with a variety of connectors, which suit every type of EV.

The demand for EVs has seen a boost due to various factors such as rising environmental issues and the consumers’ awareness about the same. The adoption of EVs is expected to be more in the passenger car segment as many initiatives one of which is rapid charging points have been undertaken by the manufacturers to improve the existing EVs and to make the EVSE more convenient for long-distance travel. The Governments of Germany, the USA, and Russia have also provided subsidies to implement the same.

Key Factors Impacting Market Growth:

• Increasing demand for electric vehicles across the globe due to changing environmental concerns and emission control
• The high cost of vehicles due to limited charging stations
• Scope for innovation in the development of portable chargers to reduce the high cost of charging stations

Regional Analysis:

By region, North America, Western Europe, and Asia Pacific are estimated to dominate the electric vehicle supply equipment market in terms of market demand. North America and Western Europe have been traditional markets for the automotive sector with a number of global manufacturers headquartered in this region. The automotive sector in these regions has been dynamic in terms of technological developments and product modifications. The demand for lightweight materials, cleaner emissions, and green fuels have been some of the key influencing factors in this region. Also, the market has witnessed steady recovery from recent slowdowns in the past decades. Some of these factors are expected to impact the dynamics of the electric vehicle supply equipment market in North America and Western Europe during the forecast period. The US, Germany, France, Italy, UK, and Spain have been some of the major economies for the electric vehicle supply equipment market in the region.

The Asia Pacific is estimated to be the fastest-growing region for electric vehicle supply equipment market during the forecast period. This region has been one of the lucrative markets for the automotive sector in the past few decades with strategic investments by global companies in the region. China, Japan, India, and South Korea have been some of the major countries for the electric vehicle supply equipment market in the Asia Pacific region. The Middle East promises a strong market potential with the growth of the automotive sector in the region. Countries including UAE, Saudi Arabia, Qatar, and Iran have been diversifying the industrial sector to boost the economy in the past few decades. Other regions including Eastern Europe, South America, and Africa are estimated to emerging markets with growing demand during the forecast period.

Companies Covered: Tesla, ABB, Siemens, Bosch, Leviton, ChargePoint, Schneider Electric, Nissan, and Delta…

Key developments:

• In 2018, BP announced that it will roll out multiple rapid charging points across many petrol stations in the UK and some regions in Europe.
• In 2017, Ola, a cab service provider, launched a mission to utilize only electric vehicles and install multiple charging points in various parts of India

Market Segmentation:

By Levels of Charging:

• Level 1
• Level 2
• Level 3

By Application:

• Public
• Private

By Installation Type:

• Portable
• Fixed

By Region:

• North America
  • By Country (US, Canada, Mexico)
  • By Levels of Charging
  • By Application
  • By Installation Type
• Western Europe
  • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
  • By Levels of Charging
  • By Application
  • By Installation Type
• Eastern Europe
  • By Country (Russia, Turkey, Rest of Eastern Europe)
  • By Levels of Charging
  • By Application
  • By Installation Type
• Asia Pacific
  • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
  • By Levels of Charging
  • By Application
  • By Installation Type
• Middle East
  • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
  • By Levels of Charging
  • By Application
  • By Installation Type
• Rest of the World
  • By Region (South America, Africa)
  • By Levels of Charging
  • By Application
  • By Installation Type

Reasons To Buy This Report:

• Market size estimation of the electric vehicle supply equipment market on a regional and global basis
• The unique research design for market size estimation and forecast
• Profiling of major companies operating in the market with key developments
• Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

• By Segment
• By Sub-segment
• By Region/Country

For more information, contact: [email protected]