GLOBAL ELECTRIC VEHICLE CHARGING SYSTEM MARKET 2021-2028

Automotive & Transportation | Automotive Technologies

GLOBAL ELECTRIC VEHICLE CHARGING SYSTEM MARKET 2021-2028

Market by Product Type, Mode of Charging, and Geography | Forecast 2021-2028

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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.     

 

 

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Table of Content

1. 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

List of Tables

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)

List of Figures

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)

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