Insights on the Electric Vehicle Supply Equipment Global Market to 2027 - Featuring ChargePoint, ABB and Tesla Among Others - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Electric Vehicle Supply Equipment Market Size, Trends & Growth Opportunity, By Type, By Charging, Region and Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.

The global Electric Vehicle Charging Station market size is expected to grow from 2,115 thousand units in 2020 to 30,758 thousand units by 2027, at a CAGR of 46.6%.

Companies Mentioned

• 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
• Xuji Group
• Potivio
• Auto Electric Power Plant
• Wanbang
• Qingdao Telaidian

Electric vehicle supply equipment supplies electricity to an electric vehicle. They are also known as charging stations or charging docks, which provide electric power to the vehicle and use that to recharge the vehicle's batteries. It includes a broad range of products for delivering electricity to electric vehicles (EVs) in a safe, controlled manner. These range from the different classes of hardware that vary dramatically in power level and features, depending on use cases, to the software solutions.

However, the traditional internal combustion engine (ICE) vehicles are refilled at traditional gas stations whereas EV's can be recharged at multiple locations such as residence, commercial areas and at highway charging stations.

Market Drivers

Market is witnessing a faster growth due to the ever increasing demand for electric vehicles throughout the world. Due to the increasing awareness about environmental problems, such as global warming and air pollution because of utilization of the carbon based fuels, governments are encouraging the use of electric vehicles to tackle such problems. Whereas, manufacturers are working overtime on reducing their cost of production of electric cars, and introducing more sophisticated models of electric vehicles to promote the sale of electric vehicles, consequently, due to this market can receive a boost.

Market Restraints

The high costs of level 3 fast chargers and ultrafast charger associated with electric vehicle charging equipment is a major factor threatening to hamper the market growth. However, the initial cost of a Level 3 charger can be quite high. This acts as a restraint for people who may want to switch to EV as charging for long duration may affect the already busy life of most people

Globally market is operated from companies like 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, Xuji Group, Potivio, Auto Electric Power Plant, Wanbang, Qingdao Telaidian.

Key Questions Addressed by the Report?

• Which are the leading market players active in electric vehicle supply equipment market?
• What are the current trends that will influence the market in the next few years?
• How will growth vary between the different regions of the world?

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Global Electric Vehicle Supply Equipment Market Outlook

4.1 Overview

4.2 Market Dynamics

4.2.1 Drivers

4.2.2 Restraints

4.2.3 Opportunities

5 Global Electric Vehicle Supply Equipment Market, By Type

5.1 Y-o-Y Growth Comparison, By Type

5.2 Global Electric Vehicle Supply Equipment Market Share Analysis, By Type

5.3 Global Electric Vehicle Supply Equipment Market Size and Forecast, By Type

5.3.1. AC power

5.3.2. DC power

6 Global Electric Vehicle Supply Equipment Market, By Charging

6.1 Y-o-Y Growth Comparison, By Charging

6.2 Global Electric Vehicle Supply Equipment Share Analysis, By Charging

6.3 Global Electric Vehicle Supply Equipment Market Size and Forecast, By Charging

6.3.1 Normal charging

6.3.2 Supercharging

6.3.3 Inductive charging

7. Global Electric Vehicle Supply Equipment Market, By Region

7.1 Global Electric Vehicle Supply Equipment Market Share Analysis, By Region

7.2 Global Electric Vehicle Supply Equipment Market Share Analysis, By Region

7.3 Global Electric Vehicle Supply Equipment Market Size and Forecast, By Region

8. North America Electric Vehicle Supply Equipment Market Analysis and Forecast (2021- 2027)

9. Europe Electric Vehicle Supply Equipment Market Analysis and Forecast (2021-2027)

10. Asia Pacific Electric Vehicle Supply Equipment Market Analysis and Forecast (2021-2027)

11. Latin America Electric Vehicle Supply Equipment Market Analysis and Forecast (2021-2027)

12. Middle East Electric Vehicle Supply Equipment Market Analysis and Forecast (2021-2027)

13 Competitive Analysis

14.1 Competition Dashboard

14.2 Market share Analysis of Top Vendors

14.3 Key Development Strategies

14 Company Profiles

For more information about this report visit https://www.researchandmarkets.com/r/2txb0e