The outbreak of the covid-19 has a severe and swift impact on the automobile and transportation industry. This is majorly due to the shutdown of assembly plants in the US, interruptions across Europe in large-scale manufacturing, and disruption in the export of Chinese parts. In addition to this, the industry is dealing with reduced demand across the globe due to changes in customer behavior and shifts in a supply-demand chain. A recent study shows a 39% decline in sales of automotive all over the world. Moreover, the nationwide lockdowns have substantially affected the transportation sector. Restrictions on transportation accounted for a 45 to 55% decline in public as well as private transport sectors.
Electric Vehicle Supply Equipment Market Overview
The global electric vehicle supply equipment market is witnessing a steady growth due to the ever-increasing demand for electric vehicles across the world. Nowadays, several environmental problems are occurring due to the vast utilization of carbon-based fuels. Hence, the government of many countries encouraging the use of electric vehicles to curb such problems. Also, the government provides various subsidies for taxes related to vehicles. All these notable facts are expected to boost the demand for electric vehicle supply equipment over the forecast period.
Furthermore, manufacturers are focusing on minimizing the production cost of electric cars. Also, they introducing more sophisticated models of electric vehicles at reasonable prices which promote the sale of electric vehicles. It ultimately raises demand for electric vehicle supply equipment in near future.
On the downside, the high cost of electric vehicles may act as a barrier to the growth of the market. But then again, increasing fuel prices and advancement in technologies are expected to create lucrative opportunities for the electric vehicle supply equipment market in the forthcoming years.
Electric Vehicle Supply Equipment Market Segment Overview
The biggest problem with electric vehicles is their Charging. The overnight residential charging is not enough for covering long distances, such facts deject the use of EVs. So, companies are now instilling EV chargers at public places, to enable long-distance travel. Also, companies have developed battery-swapping operations. It means the whole battery is exchanged with a completely charged battery, rather than the PEV driver recharging the battery. These companies then employ charging systems to recharge the battery while off-board the vehicle. All these significant factors are propelling the sale of electric vehicles. Eventually, it supports market’s growth in the coming future.
Electric Vehicle Supply Equipment Market Regional Overview
North America commanded a major share of the market owing to the increased adoption of an electric and hybrid vehicles. Also, the presence of developed infrastructure with growth in automotive industries is expected to support the growth of the electric vehicle supply equipment market. Additionally, the Asia Pacific is expected to register the fastest growth during the forecast period. This is on account of the increasing demand for greener transportation and favorable initiatives by private organizations as well as governments of the countries. For instance, The Indian government is planning to set up at least one e-charging kiosk at around 69,000 petrol pumps across the country with an aim to accelerate the uptake of electric vehicles. Also, China has spent approximately USD 2.4 billion till 2020 to improve the charging facility infrastructure in the country.
Electric Vehicle Supply Equipment Market Competitor overview
· January 2018, AeroVironment Inc. launched a new TurboDX, a next-generation global electric vehicle charging solution for commercial, workplace, utility, residential customers.
· June 2017, ChargePoint, Inc. the world’s largest electric vehicle (EV) charging network, acquired GE’s EV charging network, adding more than 1,800 commercial and about 8,000 residential charging spots to its network.
Electric Vehicle Supply Equipment Market, Key Players
· ChargePoint, Inc.
· ABB Ltd, Tesla Inc.
· Eaton Corporation PLC
· SemaConnect, Inc.
· General Electric Company
· AeroVironment, Inc.
· Car Charging Group, Inc.
· Schneider Electric S.E.
· Robert Bosch GmbH.
· Liberty Plugins
· Tesla Motors
· Blink Charging Co.
· Broadband TelCom Power, Inc.
· Allego, Inc.
· Elektromotive
· Addenergie
Electric Vehicle Supply Equipment Market Segmentation
Electric Vehicle Supply Equipment Market, By Charger Type
· Slow Charger
· Fast Charger
Electric Vehicle Supply Equipment Market, By End User
· Commercial
· Residential
Electric Vehicle Supply Equipment market, By Region
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East and Africa
- GCC
- South Africa
- Rest of Middle East and Africa
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Electric Vehicle Supply Equipment Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Charger Type
- 5.2.1. Slow Charger
- 5.2.2. Fast Charger
- 5.3. Market Analysis, Insights and Forecast – By End User
- 5.3.1. Commercial
- 5.3.2. Residential
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Latin America
- 5.4.3. Europe
- 5.4.4. Asia Pacific
- 5.4.5. Middle East and Africa
6. North America Electric Vehicle Supply Equipment Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Charger Type
- 6.2.1. Slow Charger
- 6.2.2. Fast Charger
- 6.3. Market Analysis, Insights and Forecast – By End User
- 6.3.1. Commercial
- 6.3.2. Residential
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
7. Latin America Electric Vehicle Supply Equipment Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Charger Type
- 7.2.1. Slow Charger
- 7.2.2. Fast Charger
- 7.3. Market Analysis, Insights and Forecast – By End User
- 7.3.1. Commercial
- 7.3.2. Residential
- 7.4. Market Analysis, Insights and Forecast – By Country
- 7.4.1. Brazil
- 7.4.2. Mexico
- 7.4.3. Rest of Latin America
8. Europe Electric Vehicle Supply Equipment Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Charger Type
- 8.2.1. Slow Charger
- 8.2.2. Fast Charger
- 8.3. Market Analysis, Insights and Forecast – By End User
- 8.3.1. Commercial
- 8.3.2. Residential
- 8.4. Market Analysis, Insights and Forecast – By Country
- 8.4.1. UK
- 8.4.2. Germany
- 8.4.3. France
- 8.4.4. Italy
- 8.4.5. Spain
- 8.4.6. Russia
- 8.4.7. Rest of Europe
9. Asia Pacific Electric Vehicle Supply Equipment Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Charger Type
- 9.2.1. Slow Charger
- 9.2.2. Fast Charger
- 9.3. Market Analysis, Insights and Forecast – By End User
- 9.3.1. Commercial
- 9.3.2. Residential
- 9.4. Market Analysis, Insights and Forecast – By Country
- 9.4.1. China
- 9.4.2. India
- 9.4.3. Japan
- 9.4.4. Australia
- 9.4.5. South East Asia
- 9.4.6. Rest of Asia Pacific
10. Middle East & Africa Electric Vehicle Supply Equipment Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 10.1. Key Findings / Summary
- 10.2. Market Analysis, Insights and Forecast – By Charger Type
- 10.2.1. Slow Charger
- 10.2.2. Fast Charger
- 10.3. Market Analysis, Insights and Forecast – By End User
- 10.3.1. Commercial
- 10.3.2. Residential
- 10.4. Market Analysis, Insights and Forecast – By Country
- 10.4.1. GCC
- 10.4.2. South Africa
- 10.4.3. Rest of Middle East & Africa
11. Competitive Analysis
- 11.1. Company Market Share Analysis, 2018
- 11.2. Key Industry Developments
- 11.3. Company Profile
- 11.4. ChargePoint, Inc.
- 11.4.1. Business Overview
- 11.4.2. Segment 1 & Service Offering
- 11.4.3. Overall Revenue
- 11.4.4. Geographic Presence
- 11.4.5. Recent Development
- 11.5. ABB Ltd, Tesla Inc.
- 11.6. Eaton Corporation PLC
- 11.7. SemaConnect, Inc.
- 11.8. General Electric Company
- 11.9. AeroVironment, Inc.
- 11.10. Car Charging Group, Inc.
- 11.11. Schneider Electric S.E.
- 11.12. Robert Bosch GmbH.
- 11.13. Liberty Plugins
- 11.14. Tesla Motors
- 11.15. Blink Charging Co.
- 11.16. Broadband TelCom Power, Inc.
- 11.17. Allego, Inc.
- 11.18. Elektromotive
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
