Electric Vehicle Supply Equipment Market Synopsis
An industry leader in market intelligence has released its most recent thorough market analysis, which has a strong emphasis on the expanding "Electric Vehicle Supply Equipment Market." In-depth examination of the regional and worldwide market environments is presented in this long report through the integration of descriptive data and captivating graphic aids. Going into great detail on the fundamentals of the market, it clarifies its goals while highlighting the main rivals and their position in the market as well as their present tactics, goals, and offering. As if it were a time-traveling storyteller, it provides priceless insights into the market's recent expansion and a sophisticated comprehension of its process of development.
Electric Vehicle Supply Equipment Market Expansion :
Electric Vehicle Supply Equipment Market size was valued at US$ 4.04 Bn. in 2022 and the total revenue is expected to grow at 26.3% of CAGR through 2023 to 2029, reaching nearly US$ 20.72 Bn.
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Electric Vehicle Supply Equipment Market Coverage
This research endeavor embarks on a thorough exploration, navigating through the labyrinth of emerging competitors, their growth trajectories, and the dynamic market landscape. Like an archaeologist uncovering treasures, it unveils the regional and global market values and demands, acting as a roadmap to navigate the competitive terrain and tap into the market's untapped potential in terms of production, demand, and supply. The segmentation analysis mirrors a kaleidoscope, refracting essential factors such as psychographics, demographics, geography, and behaviors to craft effective marketing strategies, tailor-made products, enticing offers, and immersive customer experiences. Employing Porter's analysis, it measures competitive strengths to guide towards heightened profitability. The Pestle analysis scrutinizes existing products and services, ensuring alignment with the current trends. Meanwhile, the SWOT analysis reveals internal and external forces, shaping a narrative of strengths, weaknesses, advantages, and disadvantages, painting a vivid picture of the Electric Vehicle Supply Equipment market.
Electric Vehicle Supply Equipment Market Division
Global Electric Vehicle Supply Equipment Market, by Type (2022-2029)
• Level 1
• Level 2
• Level 3
According to kind, in 2021 the highest market shear of xx% was held by Level 2 type. The most popular type of chargers are Level 2, which charge more quickly than Level 1 but at a higher cost. Public spaces, private homes, and workplaces all have level 2 chargers. Although they are marketed separately from the vehicle, residential Level 2 chargers are typically bought together and typically need to be installed by an expert. Because Level 2 chargers can withstand voltages higher than 200 volts and can support currents between 12 and 80 amps, they charge faster than Level 1 chargers, which are only capable of 10 to 12 amps.
Global Electric Vehicle Supply Equipment Market, by Product Type (2022-2029)
• Residential
• Commercial
• Train stations
• Government buildings
• Other
In terms of product type, the market leader in 2022 was the EV charging kiosk category. because self-service charging options like improved intelligence interactive EV kiosks have been made available. In addition, technological advancements such as the integration of RFID and Near Field Communication (NFC) in EVSE have enhanced the effectiveness of digital payments for EV users of the infrastructure. Additionally, because industrialised nations like the U.S., the U.K., and Germany lack sufficient labour, it has been difficult for owners of electric vehicle charging stations to assign customer service personnel during times of high traffic. The market for EV charging kiosks is mostly driven by this.
Global Electric Vehicle Supply Equipment Market, by Application (2022-2029)
• Portable Charger
• EV Charging Kiosk
• Onboard Charging Station
• Others
Based on application, the market has been split into residential and commercial segments, with the commercial segment expected to dominate the market in 2022. Government initiatives such as the West Coast Electric Highway (WCEH), the Norway to Italy Electric Highway, and the Trans-Canada Highway Project are driving this market. Electric car supply equipment producers are also putting a lot of effort into building electric vehicle charging stations in hotels, malls and resorts in order to meet the demand for charging stations. The increased emphasis that hospitality companies like Hyatt Corporation and Marriot International, Inc. are placing on the installation of electric vehicle charging stations is another factor propelling the growth of this particular market.
Electric Vehicle Supply Equipment Market Important Players
1. Liberty Plugins (US)
2. Clipper Creek (US)
3. Coritech (US)
4. EVgo Services LLC (US)
5. Blink Charging Co. (US)
6. BTC Power (US)
7. Chargepoint (US)
8. Tesla Motors (US)
9. Andromeda Interfaces Inc (US)
10.Bosch Automotive Service Solutions Inc (US)
11.BYD Motors (US)
12.Eaton Corporation plc (US)
13.General Electric Company (US)
14.Leviton Manufacturing Co. Inc. (US)
15.Delta Electronics, Inc (US)
16.Webasto Group (Germany)
17.Siemens AG (Germany)
18.FullCharger (France)
19.Schneider Electric SE (France)
20.ABB Ltd. (Switzerland)
21.Circontrol (Spain)
22.Efacec Electric Mobility S.A. (Portugal)
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Geographical Evaluation
The report adopts a cultural anthropologist's lens, exploring formal, functional, and vernacular aspects in regional analysis, unraveling the secrets of high-demand territories: vibrant Asia Pacific, majestic North America, passionate Latin America, alluring Middle East, enigmatic Europe, and captivating Africa. Each region represents a compelling chapter in the market's saga, with unique targets, strategies, and market values.
Table of content for the Electric Vehicle Supply Equipment Market includes:
Part 01: Executive Summary
Part 02: Scope of the Electric Vehicle Supply Equipment Market Report
Part 03: Global Electric Vehicle Supply Equipment Market Landscape
Part 04: Global Electric Vehicle Supply Equipment Market Sizing
Part 05: Global Electric Vehicle Supply Equipment Market Segmentation
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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Important queries not addressed in the Electric Vehicle Supply Equipment Market Report:
- What influences drive growth in the Electric Vehicle Supply Equipment market?
- Who are the key players shaping the Electric Vehicle Supply Equipment market narrative?
- Which company claims the largest share in the Electric Vehicle Supply Equipment market?
- What compound annual growth rate (CAGR) will lead the Electric Vehicle Supply Equipment market?
Principal Offers:
- Market Share, Size, and Forecast by Revenue|2022-2029
- Market Dynamics: Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: Comprehensive analysis by Electric Vehicle Supply Equipment
- Landscape: Leading key players and other prominent participants
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