India Electric Vehicle Charging Equipment Market Size,Growth 2021 Global Opportunities, Trends, Regional Overview, Global Leading Company Analysis, And Key Country Forecast to 2023
Posted on Dec 1 2021 8:51 AM
"The India Electric Vehicle Charging Equipment Market is segmented by type, application and region. The research covers the current and historic India Electric Vehicle Charging Equipment market size and its growth trend with company outline of Key players. "
Global India Electric Vehicle Charging Equipment Market provides deep Information by vendors, including company overview, company total revenue (financials), market potential, global presence, India Electric Vehicle Charging Equipment sales and revenue generated, market share, price, production sites and facilities, SWOT analysis, product launch. this study provides the India Electric Vehicle Charging Equipment sales, revenue and market share for each player covered in this report. India Electric Vehicle Charging Equipment 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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India Electric Vehicle Charging Equipment 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 India Electric Vehicle Charging Equipment industry. It likewise centers around venture practicability investigation, speculation return analysis and different ways to deal with the addition a considerable position in the India Electric Vehicle Charging Equipment Market.The India Electric Vehicle Charging Equipment 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 India Electric Vehicle Charging Equipment 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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With Teslaâ€™s successful launch of electric vehicle (EV) manufacturing networks across the globe, it has opened up enormous opportunities for the electric vehicles market all over the world, particularly in India. On November 30, 2013, Mahindra Reva Electric Vehicles Pvt Ltd. (Mahindra Reva) partnered with Bangalore International Airport Limited (BIAL) to set up EV charging stations at the Bangalore airport. Mahindra Reva has provided more than 100 charging stations in Bangalore, exclusively for Mahindra e20 customers that allow the customers to access at least one charging station at every 5 kms.
Companies, such as JSW, National Thermal Power Corporation Limited (NTPC) and the Power Grid Corporation of India Limited (PGCIL) are also planning to foray into the electric vehicle and charging stations market in India. Moreover, Tata Power and Ola have planned an investment of around USD 100.81 million for the development of charging infrastructure in Nagpur and Delhi, respectively. These factors along with the governmentâ€™s ambitious plan of achieving at least 6-7 million electric vehicles on the road by 2020, under the National Electric Mobility Mission Plan (NEMMP) is expected to emanate demand for electric vehicle charging equipment in India, which is projected to register a significant growth during 2018-2023 (referred to as the forecast period).
Adoption of Electric Vehicles to Drives the Market
Growing sales of electric vehicles is a major factor driving the demand for electric vehicle charging equipment in India. Various governments across the country are offering subsidies in the form of road tax exemptions to electric vehicle owners to encourage the adoption of electric vehicles in India, which has, in turn, aided in the expansion of electric vehicle charging equipment market. The NEMMP have also provided the basic groundwork for the adoption of hybrid and electric vehicles in India. Moreover, the Faster Adoption and Manufacturing of Hybrid & Electric Vehicles (FAME) India Scheme that supports the development of hybrid & electric vehicles, demand creation, pilot projects, and charging infrastructure, is expected to be a driving factor for increasing the demand of electric vehicle charging equipment over the next few years. Electric vehicles charging stations in India are installed mainly in homes, workplaces, and at public places, including shopping malls, petrol pumps, public parking, and mass transit stations.
Increasing Government Initiatives Accelerates the Growth
The Government of India has directed the countryâ€™s largest power generation utility, NTPC Ltd. and other public sector undertakings (PSUs) to work on setting up charging stations across major metropolitan cities. The state-owned utilities in India are also working on a plan to lower the cost of setting up charging stations from USD 3877.50 to USD 1551. These initiatives can help in increasing the number of electric vehicles charging stations in India.
As of July 2017, India had only 100 EV charging stations in India. Increasing preference towards fuel-based vehicles over electric vehicles for long-route trips is the major constraint for the market growth in India. Additionally, the high initial cost is another factor hindering the growth of EV charging equipment market in India. To overcome this, the government needs a minimum investment of USD 27.9 billion for setting up EV charging stations in India.
BEV Preferred Over PHEV
Battery-electric vehicles (BEV) operate for more than 100 miles on a single charge, while plug-in hybrid electric vehicles (PHEV) operates up to 40 miles on battery power and then switches to internal combustion engine (ICE) to propel the vehicle either directly or through the electric motor. Therefore, BEV is preferred over PHEV in India.
Key Developments in the Market
May 2017: ACME Group successfully launched the battery swapping and electric vehicle charging station in Nagpur
The major players include - ABB Ltd., Mahindra Reva Electric Vehicles Pvt. Ltd., Tata Power, ACME Group, Tesla Motors Inc., amongst others.
Reasons to Purchase this Report
Current and future India electric vehicle charging equipment market outlook
Analyzing various perspectives of the market with the help of Porterâ€™s Five Forces analysis
The segment that is expected to dominate the market
Identifying the latest developments, and strategies employed by the major market players
3 months analyst support, along with the Market Estimate sheet (in excel).
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Covered in this report
The Report Covers the Present Scenario and the Growth Prospects of the Global India Electric Vehicle Charging Equipment Market for 2021-2023. To calculate the market size, the report considers new installations or sales and subscription payments of India Electric Vehicle Charging Equipment.
Regional Market Analysis:
The India Electric Vehicle Charging Equipment Market report includes Global & Regional market status and outlook 2021-2023. 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 India Electric Vehicle Charging Equipment Market 2021-2023, 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.
- High Opportunity in the Industry
- Complications associated with India Electric Vehicle Charging Equipment procedures.
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)
220.127.116.11 South Korea
18.104.22.168 Rest of Asia-Pacific
6.2.2 North America
22.214.171.124 United States
126.96.36.199 Rest of North America
188.8.131.52 United Kingdom
184.108.40.206 Rest of Europe
6.2.4 South America
220.127.116.11 Rest of South America
6.2.5 Middle East & Africa
18.104.22.168 South Africa
22.214.171.124 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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