2014 – 2024 GLOBAL ELECTRIC VEHICLE CHARGING INFRASTRUCTURE MARKET FORECAST & OPPORTUNITIES
www.techsciresearch.com MARKET INTELLIGENCE . CONSULTING
Scope of Report Type of Interest (POI): Electric Vehicle Charging Infrastructure
Growing adoption of electric vehicles across the globe is expected to drive global electric vehicle charging infrastructure market over the course of next five years. Increasing adoption of electric vehicles is projected to lead to development of electric vehicle charging infrastructure in order to address the growing requirement for electric vehicle charging infrastructure across the globe. Moreover, increasing concerns over heavy pollution from the transportation sector due to excessive carbon dioxide emissions from transportation vehicles, globally, is expected to drive the demand for electric vehicles, which in turn is expected to fuel the demand for electric vehicle charging infrastructure until 2024. Market Segmentation
•
AC Charger
INSTALLED LOCATION
•
DC Charger
•
Residential
•
Commercial
TYPE
ELECTRIC VEHICLE CHARGING INFRASTRUCTURE MARKET
Year Range Review Period
2014 – 2017 REGION •
North America
•
Europe
•
Asia-Pacific
Base Year
2018 Estimated Year
2019 Forecast Period
2020 – 2024
2
Table of Contents S. No.
Contents
1.
Product Overview
2.
Research Methodology
3.
Executive Summary
4.
Global Electric Vehicle Market Overview
5.
Global Electric Vehicle Charging Infrastructure Market Outlook 5.1.
5.2.
5.3. 6.
Page No.
Market Size & Forecast 5.1.1.
By Value
5.1.2.
By Volume
Market Share & Forecast 5.2.1.
By Type (AC & DC)
5.2.2.
By Region (North America, Europe & Asia-Pacific)
5.2.3.
By Installed Location (Residential & Commercial)
Market Attractiveness Index
Global Electric Vehicle Charging Infrastructure Market Segmental Analysis 6.1.
Global AC Electric Vehicle Charging Infrastructure market outlook 6.1.1.
6.1.2.
Market Size & Forecast 6.1.1.1.
By Value
6.1.1.2.
By Volume
Market Share & Forecast 6.1.2.1.
By Company
6.1.2.2.
By Installed Location (Residential & Commercial)
3 3
Table of Contents S. No.
Contents 6.1.2.3.
6.2.
By Region (North America, Europe & Asia-Pacific)
Global DC Electric Vehicle Charging Infrastructure Market Outlook 6.2.1.
6.2.2.
7.
Page No.
Market Size & Forecast 6.2.1.1.
By Value
6.2.1.2.
By Volume
Market Share & Forecast 6.2.2.1.
By Company
6.2.2.3.
By Region (North America, Europe & Asia-Pacific)
Global Electric Vehicle Charging Infrastructure Market Regional Analysis
7.1.
North America Electric Vehicle Charging Infrastructure Market Outlook 7.1.1.
7.1.2.
7.1.3.
Market Size & Forecast 7.1.1.1.
By Value
7.1.1.2.
By Volume
Market Share & Forecast 7.1.2.1.
By Type (AC & DC)
7.1.2.2.
By Installed Location (Residential & Commercial)
7.1.2.3.
By Country
4
Market Size & Forecast – By Country (United States, Canada, Mexico & Others)
4
Table of Contents S. No.
Contents 7.1.3.1.
7.1.3.2.
7.1.3.3.
United States Electric Vehicle Charging Infrastructure Market Outlook 7.1.3.1.1.
Market Size & Forecast
7.1.3.1.2.
Policy & Regulatory Landscape
Canada Electric Vehicle Charging Infrastructure Market Outlook 7.1.3.2.1.
Market Size & Forecast
7.1.3.2.2.
Policy & Regulatory Landscape
Mexico Electric Vehicle Charging Infrastructure Market Outlook 7.1.3.3.1.
7.2.
Page No.
Market Size & Forecast
Europe Electric Vehicle Charging Infrastructure Market Outlook
7.2.1.
7.2.2.
7.2.3.
Market Size and Forecast 7.2.1.1.
By Value
7.2.1.2.
By Volume
Market Share & Forecast 7.2.2.1.
By Type (AC & DC)
7.2.2.2.
By Installed Location (Residential & Commercial)
7.2.2.3.
By Country
Market Size & Forecast – By Country (Germany, France, Norway, Denmark, Netherlands, United Kingdom & Others) 7.2.3.1.
Germany Electric Vehicle Charging Infrastructure 7.2.3.1.1.
Market Size & Forecast
7.2.3.1.2.
Policy & Regulatory Landscape
5
Table of Contents Contents
S. No. 7.2.3.2.
7.2.3.3.
7.2.3.4.
7.2.3.5.
7.2.3.6.
7.3.
Page No.
France Electric Vehicle Charging Infrastructure 7.2.3.2.1.
Market Size & Forecast
7.2.3.2.2.
Policy & Regulatory Landscape
Norway Electric Vehicle Charging Infrastructure 7.2.3.3.1.
Market Size & Forecast
7.2.3.3.2.
Policy & Regulatory Landscape
Denmark Electric Vehicle Charging Infrastructure 7.2.3.4.1.
Market Size & Forecast
7.2.3.4.2.
Policy & Regulatory Landscape
Netherlands Electric Vehicle Charging Infrastructure 7.2.3.5.1.
Market Size & Forecast
7.2.3.5.2.
Policy & Regulatory Landscape
United Kingdom Electric Vehicle Charging Infrastructure 7.2.3.6.1.
Market Size & Forecast
7.2.3.6.2.
Policy & Regulatory Landscape
Asia-Pacific Electric Vehicle Charging Infrastructure Market Outlook 7.3.1.
7.3.2.
Market Size and Forecast 7.3..1.1.
By Value
7.3.1.2.
By Volume
Market Share & Forecast 7.3.2.1.
By Type (AC & DC)
7.3.2.2.
By Installed Location (Residential & Commercial)
6 6
Table of Contents S. No.
Contents 7.3.2.3.
7.3.3.
7.3.3.2.
7.3.3.3.
9.
10.
By Country
Market Size & Forecast – By Country (China, Japan & South Korea) 7.3.3.1.
8.
Page No.
China Electric Vehicle Charging Infrastructure
7.3.3.1.1.
Market Size & Forecast
7.3.3.1.2.
Policy & Regulatory Landscape
Japan Electric Vehicle Charging Infrastructure 7.3.3.2.1.
Market Size & Forecast
7.3.3.2.2.
Policy & Regulatory Landscape
South Korea Electric Vehicle Charging Infrastructure 7.3.3.3.1.
Market Size & Forecast
7.3.3.3.2.
Policy & Regulatory Landscape
Market Dynamics 8.1.
Drivers
8.2.
Challenges
Market Trends and Developments
Competitive Landscape 10.1.
Company Profiles
11.
Strategic Recommendations
12.
About Us & Disclaimer
7 7
RESEARCH METHODOLOGY
Research Methodology
Market Profiling
In-depth secondary research was conducted to determine top players in the global electric vehicle charging infrastructure market, overall market size and segmental market size.
Formulating Questionnaire
In order to conduct industry experts’ interviews, TechSci formulated a detailed discussion guide.
Developing List of Respondents
Data Collection
Data Validation
Data obtained as a result of primary and secondary research was validated through rigorous triangulation.
TechSci conducted interviews with industry experts and industry players for data collection and verification.
List of industry players and industry specialists was developed.
Primary Research
Data Collection
Data Filter & Analysis
Research & Intelligence
Actionable Insights
Business Solution
LinkedIn TechSci Internal Database
✓ Recent Developments ✓ Market Changing Aspects/Dynamics ✓ Government Policies ✓ Final Conclusion
✓ Identifying Key Opinion Leaders ✓ Questionnaire Design ✓ In-depth Interviews
Primary Research ✓ ✓
Desk Research
Secondary Research ✓ ✓ ✓ ✓ ✓ ✓ ✓
Company Websites Company Annual Reports White Paper Study Financial Reports Investor Presentations Regulatory Body Associations, etc.
Data Analysis
The data was scrutinized using MS-Excel, statistical tools and internal proprietary database to obtain qualitative and quantitative insights about the global electric vehicle charging infrastructure market.
Company Analysis ✓ Market Participants ✓ Key Strengths
Paid Sources
✓ ✓
Factiva Hoovers
9
Research Methodology Baseline Methodology
Our dedicated team of industry experts has monitored and analyzed various aspects of global electric vehicle charging infrastructure market. The team has analyzed the outlook of various segments of this market, while considering the major influencing factors such as adoption of electric vehicles in developed nations and increasing concerns about rising pollution levels. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in global electric vehicle charging infrastructure market.
Methodology Followed for Calculation of Market Size:
•
Market Size by Value and Volume: Market size, in terms of value and volume, for the year 2018 was calculated based on information collected through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as electric vehicle charging infrastructure manufacturer and supplier companies, channel partners, market influencers & end users, industry experts, and other industry participants.
•
The team interviewed more than 15 – 20 electric vehicle charging infrastructure manufacturers, supplier and distributor companies, 45 – 50 channel partners, 80 – 100 end users, and 15 – 20 industry experts and other value chain stakeholders in the global electric vehicle charging infrastructure market to obtain the overall market size from 2014 to 2018, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data during 2014-2018.
10
Research Methodology •
Respondents were asked about the current and future market growth rates, market shares by type, by installed location, by region and by company. Removing the outlier responses, the geometric mean of growth estimates and supplier wise revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated from other stakeholders.
Methodology Followed for Calculation of Market Shares: •
Market shares shares by type, by installed location, by region and by company were calculated based on the responses received through primary surveys with industry experts, in which the respondents were asked about the market shares or revenue generated from various segments of electric vehicle charging infrastructure market. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers.
Methodology Followed for Forecasting: •
TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in SPSS/Tableau Software.
•
Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast global electric vehicle charging infrastructure market, TechSci Research used various forecast techniques such as: ✓
Moving Average
✓
Time Series Analysis
✓
Regression Analysis
✓
Econometric and Judgmental Analysis
11
Research Methodology TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used the impact analysis during short, medium and long term period to estimate the demand and to reach accurate market numbers. It should be noted that the figures compiled are only for the organized market including market share data. The currency used in the report is the United States Dollar (USD), with the market size indicated in USD million. Partial List of Companies Interviewed
Key Secondary Sources
▪ ChargePoint Inc.
▪ World Electric Vehicle Association (WEVA)
▪ EVBox
▪ World Bank
▪ Qingdao Teld New Energy Co., Ltd. ▪ Chargemaster Plc. ▪ ClipperCreek, Inc.
▪ TechSci Research Proprietary Database & Knowledge
Repository ▪ Company Annual Reports
▪ Aerovironment Inc.
▪ Industry Magazines ▪ ABB Electrical Industries Co. Ltd ▪ NRG Evgo ▪ Leviton Manufacturing Co., Inc. ▪ Greenlots
▪ Industry Reports ▪ News Dailies ▪ Credible Paid Databases 12
INDUSTRY BRIEF According to TechSci Research report, “Global Electric Vehicle Charging Infrastructure Market By Type, By Installed Location, By Region, Competition, Forecast and Opportunities, 2024”, the global electric vehicle charging infrastructure market is anticipated to grow at a CAGR of 17% until 2024, on account of growing government support for electric commercial vehicles market and increase in number of electric vehicles, globally. Increasing level of pollution creates a huge opportunity for adoption of electric vehicles (EVs) and development of electric vehicle charging infrastructure during 2019-2024. To reduce environmental pollution caused due to the use of gasoline and petrol vehicles, governments across the globe are promoting the adoption of electric vehicles worldwide as electric vehicles help in reducing the global carbon footprint and make the environment clean. Countries such as China, US, Germany, France, Netherlands, etc., are the major adopters of EVs. Moreover, grid integration of electric vehicles is projected to offer huge impetus to global electric vehicle infrastructure market in the coming years. Evolution of smart grid technologies and the concept of virtual power plants is forecast to further boost the global market for electric vehicles and its related charging infrastructure market during the
forecast period. Additionally, increasing consumer inclination towards electric vehicles, on account of growing concerns associated with rising GHG emissions and deteriorating air quality is likely to push demand for electric vehicle connectors in the coming years. Recently, various leading automotive manufacturers have made huge investments in developing electric vehicle charging infrastructure and new technologies, such as lithium-ion batteries, ultra-fast DC charging networks, autonomous park-and-charge, and wireless charging, to boost the EV sales.
Global electric vehicle charging infrastructure market can be segmented based on charging type, by installed location and by region. In terms of charging type, AC type charging system accounts for the largest share and the trend is expected to continue in the forthcoming years as well. Some of the major players operating in the global electric vehicle infrastructure market include ChargePoint,
EVBox, Qingdao Teld New Energy Co., Ltd, State Grid Corporation of China, Star Charge and Shell.
“Asia Pacific dominated the global electric vehicle charging infrastructure market in 2018, backed by growing adoption of electric vehicles in major economies such as China, Japan, South Korea, etc., and the presence of a large number of electric vehicles in these regions, especially in China. Demand for electric vehicle charging infrastructure is anticipated to further increase in Asia-Pacific in the coming years, on account of rising electric vehicle fleet size and implementation of stringent regulations by governments to promote use of electric vehicles. Rising concerns over increasing pollution from the transportation sector and depleting natural resources is leading to adoption of policies that discourage use of conventional vehicles and promote the use electric vehicles, which in
turn is anticipated to bolster growth in the global electric vehicle infrastructure market over the course of next five years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
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SAMPLE DATA - SNAPSHOT Global Electric Vehicle Charging Infrastructure Market Size, By Value (USD Million) & By Volume (Million Units), 2014–2024F
5.00 10.00
8.00 40.00
7.00 30.00
6.00 20.00
9.00 50.00
10.00 60.00
2018
2019E
CAGR By Value & Volume
2014
11.00 70.00
CAGR By Value & Volume
2024F
YY%
By Value (USD Million)
XX%
15.00 110.00
14.00 100.00
13.00 90.00
12.00 80.00
By Volume ( Million Units)
Europe Electric Vehicle Charging Infrastructure Market Share, By Type, By Volume, 2014–2024F
AC Charger
DC Charger
50%
50%
50%
50%
50%
50%
50%
50%
50%
50%
50%
50%
50%
50%
50%
50%
50%
50%
50%
50%
50%
50%
2014
2015
2016
2017
2018
2019E
2020F
2021F
2022F
2023F
2024F
Global AC Electric Vehicle Charging Infrastructure Market Share, By Company, By Volume, 2018 100%
25% 7%
20% 17% 12% 8%
Total
Company 1
Company 2
Company 3
Company 4
Company 5
7% Company 6
4% Company 7
Others
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About Us & Disclaimer
TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting
models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market.
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