High-power Charger for Electric Vehicle Market Size,Share,Growth Factor 2021 Global Industry Demand, Key Findings, Regional Analysis, Key Players Profiles, Future Prospects and Forecasts to 2024
Posted on Nov 23 2021 6:45 AM
"The Latest Report on High-power Charger for Electric Vehicle Market understands market size estimates, forecasts, market shares, competition analysis, along with industry trends of High-power Charger for Electric Vehicle with emphasis on market timelines and technology roadmaps analysis. "
Global High-power Charger for Electric Vehicle Market provides deep Information by vendors, including company overview, company total revenue (financials), market potential, global presence, High-power Charger for Electric Vehicle sales and revenue generated, market share, price, production sites and facilities, SWOT analysis, product launch. this study provides the High-power Charger for Electric Vehicle sales, revenue and market share for each player covered in this report. High-power Charger for Electric Vehicle market is split by Type and by Application. The growth among segments provide accurate calculations and forecasts for sales by Type and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
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High-power Charger for Electric Vehicle Market report features basic market situations, Product limit, consumption volume, and limit applications. Moreover, the report illuminates the SWOT analysis that should be done by the customers so as to know the Strength, Weaknesses, Opportunities, and Threats of the High-power Charger for Electric Vehicle industry. It likewise centers around venture practicability investigation, speculation return analysis and different ways to deal with the addition a considerable position in the High-power Charger for Electric Vehicle Market.The High-power Charger for Electric Vehicle Market report also covers a detailed comprehension of the major geographies present in the market along with the key segments and sub-segments.
The report focuses on regional development status, which includes the market size, share, and volume. The High-power Charger for Electric Vehicle Market report presents some of the key data, which would help the stakeholders in the industry besides the analysts and business decision makers. Production, consumption, cost, gross margin, revenue, market share and factors influencing market and CAGR has found its place in the report.
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The high-power charger for electric vehicles market is estimated to register a CAGR of over 30% during the forecast period, 2019-2024.
Electric vehicles have been gaining traction since 2012 with various governments, worldwide, encouraging automakers to manufacture electric vehicles. The demand for high-power chargers for electric vehicles is expected to increase in the years to come. Governments of various regions, such as Europe and Asia-Pacific, have plans to launch high-power electric buses. Moreover, electric vehicle charging infrastructure is gaining traction, owing to several factors, such as an increase in electric vehicle sales across potential and emerging markets, expanding EV charging stations, and demand from residential and commercial end users opting for fast charging trends. In addition, investments and acquisition activities of non-renewable energy giants that are diversifying their portfolio to meet the escalating vehicle electrification trend are likely to drive the growth of the market in the coming years.
The growth in terms of adoption and sales of electric vehicles, increasing stringent safety norms promoting the adoption of electric vehicles by the government, and the introduction of advanced technology (high-power technology) for electric vehicles manufactured with high-power capabilities are expected to lead to a growth in the high-power charger for electric vehicles market in the coming years.
Technological advancements, such as the deployment of electronic payment method through RFID technology, controlled by a cloud-computing platform in fast charger manufacturing shall provide growth opportunities for the market in the years to come.
Scope of the Report
High-power charger for electric vehicles is essentially a DC fast charger that provides charging for vehicles in less than 30 minutes using fast-charging standards, like CHAdeMO, CCS, Supercharger, etc., by transferring power at a minimum rate of 22kWh. The high-power charger for electric vehicles market study includes various power output type ranging from 50 kW - 150 kW, 150 kW - 350 kW, and above 350 kW, vehicle types, such as plug-in hybrid electric vehicle (PHEV) and battery electric vehicle (BEV).
Key Market Trends
350 kW and above Power Type Segment projected to grow at a high pace
Currently, the 350 kW and above power type segment has the highest share out of all the segments. The announcement of numerous projects regarding the launch of ultra-fast charging stations and growing investment toward the development of the public charging infrastructure, worldwide, are the primary factors responsible for the faster growth rate for 350 kW chargers. In 2018, Ionity chose Tritium as its technology partner for the construction of 100 high-power charging sites across Germany, France, the United Kingdom, Norway, and Sweden. China is in plans to upgrade its GB/T standard, which is expected to overtake both the CCS and CHAdeMO standards, at 350 kW and 400 kW, respectively, with a maximum charge of 900 kW on the new GB/T standard. The electric vehicle (EV) - charging stations developed by Tritium shall have an average of up to six user units, each capable of delivering 350 kW of power for fast charging of modern EVs, thus, 150 km of driving range to an EV in just five minutes. Thus, the increasing focus on this segment shall lead to its estimated high CAGR.
Europe is expected to see the highest growth
In the high-power charger for electric vehicles market, the growth of the European region is expected to be more during the forecast period. Europe is witnessing an increase in the number of electric vehicles. The increase in the sales of electric vehicles is due to the rising presence of DC fast-charging stations along the highways, as well as on road sides. The DC fast-charging stations are led by the 125 Kw Tesla Supercharger network. Moreover, the increasing number of DC fast chargers in Germany shall lead to the growth of the market in the country. On the other hand, plug-in hybrid car and pure electric cars accounted for 59,911 registrations and 15,474 sales, respectively, in the United Kingdom, in 2018. The availability of a wide range of electric models is one of the key indicators for the positive growth of the EV market in the United Kingdom. France is one of the leading markets in terms of European electric vehicles sales, registering 52,597 sales of electric vehicles in 2018. Out of this, 39,158 registered as all-electric vehicles, while the rest accounted for plug-in hybrid electric vehicle sales, in 2018. Thus, such developments are likely to lead to drive the growth of the high-power charger for electric vehicles market in the European region.
The high-power charger for electric vehicles market is fragmented, with various players existing in the market. ABB Ltd is the leading player in the market. Other players in the market include Ev-Box BV, IES Synergy, Garo AB, XCharge Inc., and Tesla Inc., which constitute over 30% of the market. Various initiatives done by companies have led them to strengthen their presence in the market. For example, in 2018, ABB Ltd announced that it installed the first DC fast charger, Terra 53 multi-standard DC charging station (50 KW), in Egypt. Moreover, in 2018, Tesla Motors Netherlands BV and Turkish manufacturer, Gersan Elektrik Ticaret ve Sanayi AS, signed a one-sided non-disclosure agreement to evaluate a possible commercial deal for the production and installation of electric vehicle charging stations.
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Covered in this report
The Report Covers the Present Scenario and the Growth Prospects of the Global High-power Charger for Electric Vehicle Market for 2021-2024. To calculate the market size, the report considers new installations or sales and subscription payments of High-power Charger for Electric Vehicle.
Regional Market Analysis:
The High-power Charger for Electric Vehicle Market report includes Global & Regional market status and outlook 2021-2024. Further, the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast
Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Global High-power Charger for Electric Vehicle Market 2021-2024, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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- Growing research activities coupled with new product launches.
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- High Opportunity in the Industry
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- Complications associated with High-power Charger for Electric Vehicle procedures.
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Some Major Points from Toc :-
1.1 Research Phases
1.2 Study Deliverables
1.3 Scope of the Report
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness – Porter’s Five Forces Analysis
3.2.5 Degree of Competition
3.3 Price Analysis
4. Market Dynamics
5. Market Segmentation and Analysis (Market Size, Growth & Forecast)
5.1 By Product Type
5.2 By Application
5.3 By End-user Industry
6. Regional Market Analysis
6.1 Production Analysis
6.1.4 Democratic Republic of Congo
6.2 Consumption Analysis (Market Size, Growth and Forecast)
184.108.40.206 South Korea
220.127.116.11 Rest of Asia-Pacific
6.2.2 North America
18.104.22.168 United States
22.214.171.124 Rest of North America
126.96.36.199 United Kingdom
188.8.131.52 Rest of Europe
6.2.4 South America
184.108.40.206 Rest of South America
6.2.5 Middle East & Africa
220.127.116.11 South Africa
18.104.22.168 Rest of Middle East & Africa
7. Future of the Market
8. Competitive Landscape
8.1 Mergers & Acquisitions, Joint Ventures, Collaborations and Agreements
8.2 Market Share Analysis**
8.3 Strategies Adopted by Leading Players
9. Company Profiles (Overview, Financials**, Products & Services, and Recent Developments)
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