Market by Product Type, Mode of Charging, and Geography | Forecast 2021-2028
Triton Market Research’s report has determined that the global electric vehicle charging system market is expected to register an upward trend in terms of revenue, growing at a CAGR of 44.15% during the forecast period 2021-2028. The market accounted for $4.26 billion in 2020, and is anticipated to reach $81.30 billion by 2028.
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Electric
vehicles are showing exponential growth across various countries, with
investments in electric vehicle companies on the rise. Furthermore, since these
vehicles do not contribute to pollution, many countries consider them a viable
solution to environmental problems. However, such vehicles require extensive
charging infrastructure. Thus, electric vehicle charging infrastructure plays a
major role in the growth of the electric vehicle industry. This has also
increased the investments, along with government support for the development of
the studied market.
Triton’s
research report on the electric vehicle charging system market gives a detailed
analysis of the market. It discusses the key insight, Porter’s five forces
analysis, market attractiveness index, vendor scorecard, industry components,
country-wise list of incentives, and impact of COVID-19 on the market.
The
studied market is driven by the growth in sales of electric vehicles,
government initiatives in favor of the market, and technological innovations.
In 2020, electric vehicle sales surged by 43% despite a downfall in the
automotive industry. Besides, given the trends, several automotive companies
are launching electric modifications of their vehicles. Other than this, the
governments are planning to phase out internal combustion engine-powered
vehicles. Hence, the overall effect has created high demand for electric
vehicles, in turn, driving the growth of the electric vehicle charging system
market.
Furthermore,
innovations in vehicle-to-grid technologies offer new opportunities to the
studied market. The vehicle-to-grid (V2G) permits the vehicle owner to send the
electricity from the vehicle back to the grid during peak hours. This
electricity transfer is anticipated to provide the grids with surplus energy,
due to which electric car owners will be able to take advantage of lower
tariffs during off-peak periods.
Factors such as high setup costs, longer charging time and competition from other technologies, and lack of standardization are key challenges impeding the studied market’s growth. For instance, the extended charging time tends to create congestion in public charging areas, creating inconvenience for drivers. Although fast-charging systems are developed, they are expensive.
Major
geographies covered for the electric vehicle charging system market are:
•          North America: United States and Canada
•          Europe:
United Kingdom, Germany, France, Norway, Netherlands, and Rest of Europe
•          Asia-Pacific:
China, Japan, India, South Korea, Singapore, Australia & New Zealand, and
Rest of Asia-Pacific
•          Latin America: Brazil, Mexico, and Rest of Latin America
•          Middle East and Africa: United Arab Emirates, Turkey, Saudi Arabia, South Africa, and
Rest of Middle East & Africa
The
electric vehicle charging system market, in this report, is segmented as:
•          Based on Product Type:
          o         Home
Charging Systems
          o         Commercial
Charging Systems
•          Based on Mode of Charging:
          o         Plug-in
Charging System
                     •         Level 1
                     •         Level 2
                     •         Level 3
          o         Wireless
Charging System
The prominent companies
engaged in the electric vehicle charging system market are Alfen, Delta
Electronics Inc, Evgo, Schneider Electric, SemaConnect, Blink, Eaton,
ChargePoint, Efacec, Evbox, ABB Ltd, Tesla, Allego, Webasto, and Siemens.    Â
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VIEW REPORT1. GLOBAL
ELECTRIC VEHICLE CHARGING SYSTEM MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. KEY
INSIGHTS
2.1.1. RISE
IN INVESTMENTS IN ELECTRIC VEHICLE INDUSTRY
2.1.2. RISING
ENVIRONMENTAL POLLUTION INCREASES GROWTH PROSPECTS FOR THE MARKET
2.1.3. MANY
COUNTRIES HAVE SET TARGETS TO PHASE-OUT INTERNAL COMBUSTION ENGINE VEHICLES
2.2. IMPACT
OF COVID-19 ON ELECTRIC VEHICLE CHARGING SYSTEM MARKET
2.3. PORTER’S
FIVE FORCES ANALYSIS
2.3.1. THREAT
OF NEW ENTRANTS
2.3.2. THREAT
OF SUBSTITUTE
2.3.3. BARGAINING
POWER OF SUPPLIERS
2.3.4. BARGAINING
POWER OF BUYERS
2.3.5. THREAT
OF COMPETITIVE RIVALRY
2.4. MARKET
ATTRACTIVENESS MATRIX
2.5. LIST
OF INCENTIVES BY VARIOUS COUNTRIES FOR THE MARKET
2.6. INDUSTRY
COMPONENTS
2.7. VENDOR
SCORECARD
2.8. KEY
MARKET STRATEGIES
2.8.1. CONTRACTS
& PARTNERSHIPS
2.8.2. BUSINESS
EXPANSIONS & DIVESTITURES
2.8.3. ACQUISITIONS
& MERGERS
2.8.4. NEW
PRODUCT LAUNCHES
2.9. MARKET
DRIVERS
2.9.1. GROWTH
IN ELECTRIC VEHICLE SALES
2.9.2. GOVERNMENTAL
INITIATIVES IN FAVOR OF THE MARKET
2.9.3. TECHNOLOGICAL
INNOVATIONS
2.10. MARKET
CHALLENGES
2.10.1. HIGH
SETUP COSTS
2.10.2. LACK
OF STANDARDIZATION
2.10.3. EXTENDED
CHARGING TIME AND COMPETITION FROM OTHER TECHNOLOGIES
2.11. MARKET
OPPORTUNITIES
2.11.1. ADVANCEMENTS
IN WIRELESS CHARGING TECHNOLOGY
2.11.2. GROWTH
IN VEHICLE-TO-GRID (V2G) TECHNOLOGIES
2.11.3. OPPORTUNITIES
FROM CHANGING MARKET DYNAMICS
3. GLOBAL
ELECTRIC VEHICLE CHARGING SYSTEM MARKET - BY PRODUCT TYPE
3.1. HOME
CHARGING SYSTEMS
3.2. COMMERCIAL
CHARGING SYSTEMS
4. GLOBAL
ELECTRIC VEHICLE CHARGING SYSTEM MARKET - BY MODE OF CHARGING
4.1. PLUG-IN
CHARGING SYSTEM
4.1.1. LEVEL
1
4.1.2. LEVEL
2
4.1.3. LEVEL
3
4.2. WIRELESS
CHARGING SYSTEM
5. GLOBAL
ELECTRIC VEHICLE CHARGING SYSTEM MARKET – REGIONAL OUTLOOK
5.1. NORTH
AMERICA
5.1.1. MARKET
BY PRODUCT TYPE
5.1.2. MARKET
BY MODE OF CHARGING
5.1.2.1. MARKET
BY PLUG-IN CHARGING SYSTEM
5.1.3. COUNTRY
ANALYSIS
5.1.3.1. UNITED
STATES
5.1.3.2. CANADA
5.2. EUROPE
5.2.1. MARKET
BY PRODUCT TYPE
5.2.2. MARKET
BY MODE OF CHARGING
5.2.2.1. MARKET
BY PLUG-IN CHARGING SYSTEM
5.2.3. COUNTRY
ANALYSIS
5.2.3.1. UNITED
KINGDOM
5.2.3.2. GERMANY
5.2.3.3. FRANCE
5.2.3.4. NORWAY
5.2.3.5. NETHERLANDS
5.2.3.6. REST
OF EUROPE
5.3. ASIA-PACIFIC
5.3.1. MARKET
BY PRODUCT TYPE
5.3.2. MARKET
BY MODE OF CHARGING
5.3.2.1. MARKET
BY PLUG-IN CHARGING SYSTEM
5.3.3.  COUNTRY
ANALYSIS
5.3.3.1. CHINA
5.3.3.2. JAPAN
5.3.3.3. INDIA
5.3.3.4. SOUTH
KOREA
5.3.3.5. SINGAPORE
5.3.3.6. AUSTRALIA
& NEW ZEALAND
5.3.3.7. REST
OF ASIA-PACIFIC
5.4. LATIN
AMERICA
5.4.1. MARKET
BY PRODUCT TYPE
5.4.2. MARKET
BY MODE OF CHARGING
5.4.2.1. MARKET
BY PLUG-IN CHARGING SYSTEM
5.4.3. COUNTRY
ANALYSIS
5.4.3.1. BRAZIL
5.4.3.2. MEXICO
5.4.3.3. REST
OF LATIN AMERICA
5.5. MIDDLE
EAST AND AFRICA
5.5.1. MARKET
BY PRODUCT TYPE
5.5.2. MARKET
BY MODE OF CHARGING
5.5.2.1. MARKET
BY PLUG-IN CHARGING SYSTEM
5.5.3. COUNTRY
ANALYSIS
5.5.3.1. UNITED
ARAB EMIRATES
5.5.3.2. TURKEY
5.5.3.3. SAUDI
ARABIA
5.5.3.4. SOUTH
AFRICA
5.5.3.5. REST
OF MIDDLE EAST & AFRICA
6. COMPETITIVE
LANDSCAPE
6.1. ABB
LTD
6.2. ALFEN
6.3. ALLEGO
6.4. BLINK
6.5. CHARGEPOINT
6.6. DELTA
ELECTRONICS INC
6.7. EATON
6.8. EFACEC
6.9. EVBOX
6.10. EVGO
6.11. SCHNEIDER
ELECTRIC
6.12. SEMACONNECT
6.13. SIEMENS
6.14. TESLA
6.15. WEBASTO
7. METHODOLOGY
& SCOPE
7.1. RESEARCH
SCOPE & DELIVERABLES
7.2. SOURCES
OF DATA
7.3. RESEARCH METHODOLOGY
TABLE 1: GLOBAL ELECTRIC
VEHICLE CHARGING SYSTEM MARKET, BY REGIONAL OUTLOOK, 2021-2028 (IN $ MILLION)
TABLE 2: COUNTRY-WISE
PHASE-OUT PLANS FOR ICE VEHICLES
TABLE 3: MARKET ATTRACTIVENESS
MATRIX
TABLE 4: INCENTIVES FOR NORTH
AMERICA
TABLE 5: INCENTIVES FOR EUROPE
TABLE 6: VENDOR SCORECARD
TABLE 7: LIST OF CONTRACTS
& PARTNERSHIPS
TABLE 8: LIST OF BUSINESS
EXPANSIONS & DIVESTITURES
TABLE 9: LIST OF ACQUISITIONS
& MERGERS
TABLE 10: LIST OF NEW PRODUCT
LAUNCHES
TABLE 11: GLOBAL ELECTRIC
VEHICLE CHARGING SYSTEM MARKET, BY PRODUCT TYPE, 2021-2028 (IN $ MILLION)
TABLE 12: GLOBAL ELECTRIC
VEHICLE CHARGING SYSTEM MARKET, BY MODE OF CHARGING, 2021-2028 (IN $ MILLION)
TABLE 13: GLOBAL ELECTRIC
VEHICLE CHARGING SYSTEM MARKET, BY PLUG-IN CHARGING SYSTEM, 2021-2028 (IN $ MILLION)
TABLE 14: ADVANTAGES &
DISADVANTAGES OF WIRELESS CHARGING SYSTEM
TABLE 15: GLOBAL ELECTRIC
VEHICLE CHARGING SYSTEM MARKET, BY REGIONAL OUTLOOK, 2021-2028 (IN $ MILLION)
TABLE 16: NORTH AMERICA
ELECTRIC VEHICLE CHARGING SYSTEM MARKET, BY COUNTRY OUTLOOK, 2021-2028 (IN $
MILLION)
TABLE 17: NORTH AMERICA
ELECTRIC VEHICLE CHARGING SYSTEM MARKET, BY PRODUCT TYPE, 2021-2028 (IN $
MILLION)
TABLE 18: NORTH AMERICA
ELECTRIC VEHICLE CHARGING SYSTEM MARKET, BY MODE OF CHARGING, 2021-2028 (IN $
MILLION)
TABLE 19: NORTH AMERICA
ELECTRIC VEHICLE CHARGING SYSTEM MARKET, BY PLUG-IN CHARGING SYSTEM, 2021-2028
(IN $ MILLION)
TABLE 20: EUROPE ELECTRIC
VEHICLE CHARGING SYSTEM MARKET, BY COUNTRY OUTLOOK, 2021-2028 (IN $ MILLION)
TABLE 21: EUROPE ELECTRIC
VEHICLE CHARGING SYSTEM MARKET, BY PRODUCT TYPE, 2021-2028 (IN $ MILLION)
TABLE 22: EUROPE ELECTRIC
VEHICLE CHARGING SYSTEM MARKET, BY MODE OF CHARGING, 2021-2028 (IN $ MILLION)
TABLE 23: EUROPE ELECTRIC
VEHICLE CHARGING SYSTEM MARKET, BY PLUG-IN CHARGING SYSTEM, 2021-2028 (IN $
MILLION)
TABLE 24: ASIA-PACIFIC
ELECTRIC VEHICLE CHARGING SYSTEM MARKET, BY COUNTRY OUTLOOK, 2021-2028 (IN $
MILLION)
TABLE 25: ASIA-PACIFIC
ELECTRIC VEHICLE CHARGING SYSTEM MARKET, BY PRODUCT TYPE, 2021-2028 (IN $
MILLION)
TABLE 26: ASIA-PACIFIC ELECTRIC
VEHICLE CHARGING SYSTEM MARKET, BY MODE OF CHARGING, 2021-2028 (IN $ MILLION)
TABLE 27: ASIA-PACIFIC
ELECTRIC VEHICLE CHARGING SYSTEM MARKET, BY PLUG-IN CHARGING SYSTEM, 2021-2028
(IN $ MILLION)
TABLE 28: LATIN AMERICA
ELECTRIC VEHICLE CHARGING SYSTEM MARKET, BY COUNTRY OUTLOOK, 2021-2028 (IN $
MILLION)
TABLE 29: LATIN AMERICA
ELECTRIC VEHICLE CHARGING SYSTEM MARKET, BY PRODUCT TYPE, 2021-2028 (IN $
MILLION)
TABLE 30: LATIN AMERICA
ELECTRIC VEHICLE CHARGING SYSTEM MARKET, BY MODE OF CHARGING, 2021-2028 (IN $
MILLION)
TABLE 31: LATIN AMERICA
ELECTRIC VEHICLE CHARGING SYSTEM MARKET, BY PLUG-IN CHARGING SYSTEM, 2021-2028
(IN $ MILLION)
TABLE 32: MIDDLE EAST AND
AFRICA ELECTRIC VEHICLE CHARGING SYSTEM MARKET, BY COUNTRY OUTLOOK, 2021-2028
(IN $ MILLION)
TABLE 33: MIDDLE EAST AND
AFRICA ELECTRIC VEHICLE CHARGING SYSTEM MARKET, BY PRODUCT TYPE, 2021-2028 (IN
$ MILLION)
TABLE 34: MIDDLE EAST AND
AFRICA ELECTRIC VEHICLE CHARGING SYSTEM MARKET, BY MODE OF CHARGING, 2021-2028
(IN $ MILLION)
TABLE 35: MIDDLE EAST AND
AFRICA ELECTRIC VEHICLE CHARGING SYSTEM MARKET, BY PLUG-IN CHARGING SYSTEM,
2021-2028 (IN $ MILLION)
FIGURE 1: PORTER’S FIVE FORCES
ANALYSIS
FIGURE 2: INDUSTRY COMPONENTS
FIGURE 3: INDUSTRY PLAYER
POSITIONING IN 2020 (IN %)
FIGURE 4: LITHIUM-ION BATTERY
PRICE PER KWH (2010-2018)
FIGURE 5: GLOBAL ELECTRIC
VEHICLE CHARGING SYSTEM MARKET, BY PRODUCT TYPE, 2020 & 2028 (IN %)
FIGURE 6: GLOBAL ELECTRIC
VEHICLE CHARGING SYSTEM MARKET, BY HOME CHARGING SYSTEMS, 2021-2028 (IN $
MILLION)
FIGURE 7: GLOBAL ELECTRIC
VEHICLE CHARGING SYSTEM MARKET, BY COMMERCIAL CHARGING SYSTEMS, 2021-2028 (IN $
MILLION)
FIGURE 8: GLOBAL ELECTRIC
VEHICLE CHARGING SYSTEM MARKET, BY MODE OF CHARGING, 2020 & 2028 (IN %)
FIGURE 9: GLOBAL ELECTRIC
VEHICLE CHARGING SYSTEM MARKET, BY PLUG-IN CHARGING SYSTEM, 2021-2028 (IN $
MILLION)
FIGURE 10: GLOBAL ELECTRIC
VEHICLE CHARGING SYSTEM MARKET, BY PLUG-IN CHARGING SYSTEM, 2020 & 2028 (IN
%)
FIGURE 11: GLOBAL ELECTRIC
VEHICLE CHARGING SYSTEM MARKET, BY LEVEL 1, 2021-2028 (IN $ MILLION)
FIGURE 12: GLOBAL ELECTRIC
VEHICLE CHARGING SYSTEM MARKET, BY LEVEL 2, 2021-2028 (IN $ MILLION)
FIGURE 13: GLOBAL ELECTRIC
VEHICLE CHARGING SYSTEM MARKET, BY LEVEL 3, 2021-2028 (IN $ MILLION)
FIGURE 14: GLOBAL ELECTRIC
VEHICLE CHARGING SYSTEM MARKET, BY HARDWARE, 2021-2028 (IN $ MILLION)
FIGURE 15: GLOBAL ELECTRIC
VEHICLE CHARGING SYSTEM MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)
FIGURE 16: UNITED STATES
ELECTRIC VEHICLE CHARGING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 17: CANADA ELECTRIC VEHICLE
CHARGING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 18: UNITED KINGDOM
ELECTRIC VEHICLE CHARGING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 19: GERMANY ELECTRIC
VEHICLE CHARGING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 20: FRANCE ELECTRIC
VEHICLE CHARGING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 21: NORWAY ELECTRIC
VEHICLE CHARGING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 22: NETHERLANDS
ELECTRIC VEHICLE CHARGING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 23: REST OF EUROPE ELECTRIC
VEHICLE CHARGING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 24: CHINA ELECTRIC
VEHICLE CHARGING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 25: JAPAN ELECTRIC
VEHICLE CHARGING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 26: INDIA ELECTRIC VEHICLE
CHARGING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 27: SOUTH KOREA
ELECTRIC VEHICLE CHARGING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 28: SINGAPORE ELECTRIC
VEHICLE CHARGING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 29: AUSTRALIA & NEW
ZEALAND ELECTRIC VEHICLE CHARGING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 30: REST OF
ASIA-PACIFIC ELECTRIC VEHICLE CHARGING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 31: BRAZIL ELECTRIC
VEHICLE CHARGING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 32: MEXICO ELECTRIC
VEHICLE CHARGING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 33: REST OF LATIN
AMERICA ELECTRIC VEHICLE CHARGING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 34: UNITED ARAB
EMIRATES ELECTRIC VEHICLE CHARGING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 35: TURKEY ELECTRIC
VEHICLE CHARGING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 36: SAUDI ARABIA
ELECTRIC VEHICLE CHARGING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 37: SOUTH AFRICA
ELECTRIC VEHICLE CHARGING SYSTEM MARKET 2021-2028 (IN $ MILLION)
FIGURE 38: REST OF MIDDLE EAST
& AFRICA ELECTRIC VEHICLE CHARGING SYSTEM MARKET 2021-2028 (IN $ MILLION)