Global High-power Chargers for Electric Vehicle Market Overview:
High-power chargers for electric cars are essentially DC fast chargers that can charge a car in under 30 minutes using fast-charging standards like CHAdeMO, CCS, and Supercharger by transferring power at a minimum rate of 22kWh. The high-power charger for electric vehicles market analysis comprises different vehicle kinds, such as plug-in hybrid electric vehicles (PHEVs) and battery electric vehicles (BEV), as well as power output types that range from 50 kW to 150 kW, 150 kW to 350 kW, and above 350 kW.
|Unit||Value (USD Million)|
|Customization Scope||Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility|
High-power Chargers for Electric Vehicle Market Dynamics:
- Increasing Investment toward the Development of the Public Charging Infrastructure
- Rising Adoption of Electric Vehicle
- Reducing Price of Electric Vehicle
- Primitive Power Grid Infrastructure
- Lack of Standardization of Charging Infrastructure
|Road Blocks / Challenges|
- Higher Initial Cost of High Power Charging Stations
- Stringent Rules for Installation of EV Charging Stations
- Significant Dependence on Fossil Fuel Electricity Generation & Limited Production in Developing Countries
|Gaps & Opportunities|
- EV Wireless Charging
- Use of IoT and Smart Infrastructure in EV Charging Stations for Load Management
In December 2021, Ensto acquired a 55% stake in addition to its previous 20% stake in Finnish, privately owned Arcteq Relays Oy (Arcteq). Arcteq specializes in protection relays and arc flash protection systems to protect electricity distribution networks. 25% of the company’s shares continue to belong to its current owners.
Some of the key players profiled in the report are Royal Dutch Shell PLC (United Kingdom), ABB Ltd (Switzerland), XCharge Inc. (China), Total SA (France), Fastned BV (Netherlands), IES Synergy (France), EVgo Services LLC (United States), EVBOX (Netherlands), Siemens AG (Germany), Allego BV (Netherlands), Phoenix Contact (Germany), Tesla Inc. (United States), GARO AB (Sweden) and Ensto India Private Limited (India). Considering Market by Charging Standard, the sub-segment i.e. CHAdeMO will boost the High-power Chargers for Electric Vehicle market. Considering Market by Power Output, the sub-segment i.e. 50 kW - Less than 150 kW will boost the High-power Chargers for Electric Vehicle market.
In September 2021, ABB launched an innovative all-in-one Electric Vehicle (EV) charger, which provides the fastest charging experience on the market. ABB’s new Terra 360 is a modular charger that can simultaneously charge up to four vehicles with dynamic power distribution.
What Can be Explored with the High-power Chargers for Electric Vehicle Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global High-power Chargers for Electric Vehicle Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in High-power Chargers for Electric Vehicle
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global High-power Chargers for Electric Vehicle market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in High-power Chargers for Electric Vehicle market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Global High-power Chargers for Electric Vehicle is a fragmented market due to the presence of various players. The players are focusing on investing more in launching charging stations and technological advancements. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge..
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.