Sandy, Utah, USA, Dec. 12, 2022 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “Electric Vehicle Supply Equipment Market Size, Trends and Insights By Power (AC, DC), By Product (Portable Charger, Onboard Charging Station, EV Charging Kiosk, Others), By Charging Station (Normal Charging, Inductive Charging, Super Charging), By Application (Residential, Commercial), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030” in its research database.
“According to the latest research study, the demand for global EVSE Electric Vehicle Supply Equipment Market size & share was valued at approximately USD 25 Billion in 2021 and is expected to reach USD 45 billion in 2022 and is expected to reach a value of around USD 210 Billion by 2030, at a compound annual growth rate (CAGR) of about 30% during the forecast period 2022 to 2030.”
The report examines the Electric Vehicle Supply Equipment market’s drivers and restraints and their impact analysis. Also, the report mentions global opportunities prevailing in the Electric Vehicle Supply Equipment market.
EVSE Electric Vehicle Supply Equipment Market: Overview
A charging station for electric vehicles, also known as an EV charging station, EV charging system, electric charging point, or charging point, is also known as an electric vehicle supply equipment (EVSE). By enabling a two-way link between the electric car and the charging infrastructure, EVSE—the equipment and protocols that produce them—increases safety. The critical function of an EVSE is to supply electric power for charging electric vehicles. Electric utility companies and certain private businesses supply these stations, which are located in parking lots and in retail shopping malls. These stations provide various connectors to support any EV.
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Growth Factors
Governments are encouraging the use of electric vehicles to combat environmental issues, including global warming and air pollution brought on by the use of carbon-based fuels. Therefore, several governments have established various incentives for exemptions from paying automobile taxes to ensure that more and more people purchase electric vehicles. On the other hand, manufacturers are working extra hard to lower the cost of producing electric cars and release more advanced models at competitive pricing. Therefore, the market for the equipment used to supply electric vehicles will grow due to these factors, which encourage the sale of electric cars.
(A free sample of the EVSE Electric Vehicle Supply Equipment report is available upon request; please contact us for more information.)
Our Free Sample Report Consists of the following:
- Introduction, Overview, and in-depth industry analysis are all included in the 2022 updated report.
- The COVID-19 Pandemic Outbreak Impact Analysis is included in the package
- About 220+ Pages Research Report (Including Recent Research)
- Provide detailed chapter-by-chapter guidance on the Request
- Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2022
- Includes Tables and figures have been updated
- The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
- Custom Market Insights (CMI) research methodology
(Please note that the sample of the EVSE Electric Vehicle Supply Equipment report has been modified to include the COVID-19 impact study prior to delivery.)
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Segmental Overview
The global Electric Vehicle Supply Equipment market is categorized into power, product, charging station, and application. Based on the applications, the market has been categorized into commercial and residential segments, with the retail segment dominating the market in 2021.
The component is driven by benevolent government programs like the Trans-Canada Highway Project, Norway to Italy Electric Highway, and the West Coast Electric Highway (WCEH). To meet the need for charging stations, electric car supply equipment manufacturers also strongly emphasize the construction of electric vehicle charging stations in hotels, malls, and resorts. Another element driving the segment’s growth is an increasing focus on implementing electric vehicle charging stations by hospitality organizations like Hyatt Corporation and Marriot International, Inc.
The market has been classified into AC power and DC power segments based on the kind of power. The market’s dominant DC power sector is anticipated to expand significantly throughout the forecast period. The increase in Public-Private Partnerships (PPP) for constructing level-1 and level-2 DC charging stations in commercial areas substantially contributes to the segment’s growth. In addition, compared to AC chargers, DC chargers enable users to assign electric vehicles more quickly. The adoption of level-1 DC chargers in low-emission areas of North America and Europe is increasing, accelerating the segment’s growth even further.
Key questions answered in this report:
- What is the size of the EVSE Electric Vehicle Supply Equipment market and what is its expected growth rate?
- What are the primary driving factors that push the EVSE Electric Vehicle Supply Equipment market forward?
- What are the EVSE Electric Vehicle Supply Equipment Industry's top companies?
- What are the different categories that the EVSE Electric Vehicle Supply Equipment Market caters to?
- What will be the fastest-growing segment or region?
- In the value chain, what role do essential players play?
- What is the procedure for getting a free copy of the EVSE Electric Vehicle Supply Equipment market sample report and company profiles?
Click Here to Access a Free Sample Report of the Global EVSE Electric Vehicle Supply Equipment Market @ https://www.custommarketinsights.com/report/electric-vehicle-supply-equipment-market/
Regional Overview
Over the projection period, the European market is anticipated to experience spectacular expansion. This might be ascribed to expanding collaborations between automakers like Volkswagen Group, BMW Group, and Daimler AG for constructing rapid charging networks throughout Europe. Additionally, with the aid of electric vehicle supply equipment producers, oil firms like BP Plc and Royal Dutch Shell Plc are concentrating on integrating electric car charging stations at present gas and fueling stations. The European market is also anticipated to be driven by expanding Public-Private Partnerships (PPP) projects for constructing EVSE on roads.
Key Offerings:
- Market Share, Size & Forecast by Revenue | 2022−2030
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
- Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by Regions
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
Directly Purchase a copy of the EVSE Electric Vehicle Supply Equipment report [220+ Pages] @ https://www.custommarketinsights.com/report/electric-vehicle-supply-equipment-market/
Report Scope
| Feature of the Report | Details |
| Market Size in 2021 | USD 25 Billion |
| Projected Market Size in 2030 | USD 210 Billion |
| Market Size in 2022 | USD 45 billion |
| CAGR Growth Rate | 30% CAGR |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Prominent Players | Siemens AG, Delta Electronics Inc, BP Chargemaster, Schneider Electric, Tesla, Chargepoint Holdings Inc, Webasto Group, Leviton Manufacturing Co. Inc., Eaton Corporation Plc, Abb Ltd, and Others |
| Key Segment | By Power, Product, Charging Station, Application, and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. Buy Now |
Key Players Insights
Our market analysis includes a section specifically devoted to key players operating in the Electric Vehicle Supply Equipment market. Our analysts overview each player’s financial statements, product benchmarking, and SWOT analysis. In addition, the competitive landscape section includes key development strategies, market share analysis, and market positioning analysis of globally mentioned competitors.
Prominent Players
- Siemens AG
- Delta Electronics Inc
- BP Chargemaster
- Schneider Electric
- Tesla
- Chargepoint Holdings Inc
- Webasto Group
- Leviton Manufacturing Co. Inc.
- Eaton Corporation Plc
- Abb Ltd
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Browse the full “Electric Vehicle Supply Equipment Market Size, Trends and Insights By Power (AC, DC), By Product (Portable Charger, Onboard Charging Station, EV Charging Kiosk, Others), By Charging Station (Normal Charging, Inductive Charging, Super Charging), By Application (Residential, Commercial), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030” Report at https://www.custommarketinsights.com/report/electric-vehicle-supply-equipment-market/
The global Electric Vehicle Supply Equipment market is segmented as follows:
By Power
- AC
- DC
By Product
- Portable Charger
- Onboard Charging Station
- EV Charging Kiosk
- Others
By Charging Station
- Normal Charging
- Inductive Charging
- Super Charging
By Application
- Residential
- Commercial
On the basis of Geography
North America
- The U.S.
- Canada
- Mexico
Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Key Insights:
- As per the analysis shared by our research analyst, the Electric Vehicle Supply Equipment market is estimated to grow annually at a CAGR of around 30% over the forecast period (2022-2030).
- In terms of revenue, the Electric Vehicle Supply Equipment market size was valued at around USD 25 billion in 2021 and is projected to reach USD 210 billion by 2030. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
- The Electric Vehicle Supply Equipment market research offers a comprehensive analysis of the present market and projections through 2020–2030 to help find possibilities to profit from the existing market.
- The study includes data on the significant market drivers, challenges, and opportunities and their effects.
- The study elaborates on the SWOT analysis and Porter’s Five Forces model.
- The market study’s value chain analysis gives a comprehensive picture of the stakeholder’s responsibilities.
Click Here to Get a Free Sample Report of the Global EVSE Electric Vehicle Supply Equipment Market @https://www.custommarketinsights.com/report/electric-vehicle-supply-equipment-market/
Recent Development
- August 2021: The EzUrja on-demand mobile charging system for electric vehicles was developed by the battery storage and charger technology company Ez4EV Private Limited, based in India. This technology uses a cutting-edge “charging-on-demand” technique for electric cars and is managed as an IoT device, enabling remote condition monitoring and operation management.
- March 2021: By 2050, Shell plans to increase its present network of EV charging stations from 60,000 to roughly 500,000.
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This EVSE Electric Vehicle Supply Equipment Market Research/Analysis Report Contains Answers to the following Questions.
- Which Manufacturing Technology is used for EVSE Electric Vehicle Supply Equipment? What Developments Are Going on in That Technology? Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This EVSE Electric Vehicle Supply Equipment Market? What are Their Company Profile, Their Product Information, and Contact Information?
- What Was the Global Market Status of the EVSE Electric Vehicle Supply Equipment Market? What Was the Capacity, Production Value, Cost and PROFIT of the EVSE Electric Vehicle Supply Equipment Market?
- What Is the Current Market Status of the EVSE Electric Vehicle Supply Equipment Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of EVSE Electric Vehicle Supply Equipment Market by Considering Applications and Types?
- What Are Projections of the Global EVSE Electric Vehicle Supply Equipment Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
- What Is EVSE Electric Vehicle Supply Equipment Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is Economic Impact on EVSE Electric Vehicle Supply Equipment Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
- What Are the Market Dynamics of the EVSE Electric Vehicle Supply Equipment Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for EVSE Electric Vehicle Supply Equipment Industry?
Directly Purchase a copy of the EVSE Electric Vehicle Supply Equipment report [220+ Pages] @ https://www.custommarketinsights.com/report/electric-vehicle-supply-equipment-market/
Reasons to Purchase EVSE Electric Vehicle Supply Equipment Market Report
- EVSE Electric Vehicle Supply Equipment Market Report provides qualitative and quantitative market analysis based on segmentation involving economic and non-economic factors.
- EVSE Electric Vehicle Supply Equipment Market report outlines market value (USD) data for each segment and sub-segment.
- This report indicates the region and segment expected to witness the fastest growth and dominate the market.
- EVSE Electric Vehicle Supply Equipment Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
- The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
- Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
- The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
- EVSE Electric Vehicle Supply Equipment Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.
Click Here to Access a Free Sample Report of the Global EVSE Electric Vehicle Supply Equipment Market @ https://www.custommarketinsights.com/report/electric-vehicle-supply-equipment-market/
Reasons for the Research Report
- The study provides a thorough overview of the global EVSE Electric Vehicle Supply Equipment market. Compare your performance to that of the market as a whole.
- Aim to maintain competitiveness while innovations from established key players fuel market growth.
What does the report include?
- Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide EVSE Electric Vehicle Supply Equipment market analysis.
- The competitive environment of current and potential participants in the EVSE Electric Vehicle Supply Equipment market is covered in the report, as well as those companies' strategic product development ambitions.
- According to the component, application, and Industry Vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.
- For each segment mentioned above, actual market sizes and forecasts have been given.
Who should buy this report?
- Participants and stakeholders worldwide EVSE Electric Vehicle Supply Equipment market should find this report useful. The research will be useful to all market participants in the EVSE Electric Vehicle Supply Equipment Industry.
- Managers in the EVSE Electric Vehicle Supply Equipment sector are interested in publishing up-to-date and projected data about the worldwide EVSE Electric Vehicle Supply Equipment market.
- Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in EVSE Electric Vehicle Supply Equipment products' market trends.
- Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.
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