What is Charging as a Service?
Charging as a Service (CaaS) is a subscription-based EV charging bundle that presents turnkey EV charging options with minimal upfront buying costs. Charging-as-a-Service answer assumes accountability for all elements of charging EV fleet, from EVSE procurement and installation to operations and upkeep and beyond. Bundle CapEx, OpEx, electricity costs, and incentives into a constant rate, permitting fleet operators to forecast and manipulate charges long-term. An electric automobile charging community is an infrastructure gadget of charging stations to recharge electric powered vehicles. Many government, auto manufacturers, and charging infrastructure vendors sought to create networks. Although batteries can solely be charged with DC power, most electric powered automobiles have an onboard AC-to-DC converter that permits them to be plugged into a fashionable family AC electrical receptacle. Inexpensive low-power public charging stations will additionally grant AC power, recognized as "AC charging stations". To facilitate greater energy charging, which requires tons large AC-to-DC converters, the converter is constructed into the charging station as a substitute of the automobile and the station elements already-converted DC energy at once to the vehicle, bypassing the vehicle's onboard converter. These are recognised as "DC charging stations". Most absolutely electric powered vehicle fashions can receive each AC and DC power.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | BYD (China), Shinry (China), Panasonic (Japan), Webasto (Germany), Toyota Industries (Japan), Nichicon (Japan), Leviton (United States), IES Synergy (France) and Auto Electric Power Plant (China) |
CAGR | % |
The market study is broken down, by Application (Residential Charging, Commercial Charging and Workplace Charging) and major geographies with country level break-up.
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Analysts at AMA Research estimates that Manufacturers from Global will contribute to the maximum growth of Global Charging as a Service market throughout the predicted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
BYD (China), Shinry (China), Panasonic (Japan), Webasto (Germany), Toyota Industries (Japan), Nichicon (Japan), Leviton (United States), IES Synergy (France) and Auto Electric Power Plant (China) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Pod Point (United Kingdom), Clipper Creek (United States), Xuji Group (China) and Eaton (Ireland).
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Charging as a Service market by Type, Application and Region.
On the basis of geography, the market of Charging as a Service has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Charging Level, the sub-segment i.e. Level 1 will boost the Charging as a Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Charging Station, the sub-segment i.e. AC Charging Station will boost the Charging as a Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Location, the sub-segment i.e. Public will boost the Charging as a Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
In 2019, Panasonic introduced the launch of clever EV charging carrier in India imparting charging stations, swap stations, board prices and so on.
Market Trend
- Building a Better Charging Infrastructure
- Modernizing the Electric Grid
Market Drivers
- Increasing Sales of the Electric Vehicles
- Rise in Number of Convenience Charging Stations in Both Developed and Developing Economies
Opportunities
- Increasing the Fleet of Evs and Charging Infrastructure Will Be Key to Improving Air Quality in Cities
- Adoption of Newer EV Charging Technologies
- Scaling EV Charging Infrastructure with a Focus on Interoperability
Restraints
- High Cost and Infrastructure Limitation
Challenges
- Battery Technology Gap & Lithium Plating
- Long Charging Time
- Increase in Energy Demands With Exploding EV Sales
Key Target Audience
Charging as a Service Provider, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
Frequently Asked Questions (FAQ):
1. What all players are profiled in the study?
The standard version of the report profiles players such as BYD (China), Shinry (China), Panasonic (Japan), Webasto (Germany), Toyota Industries (Japan), Nichicon (Japan), Leviton (United States), IES Synergy (France) and Auto Electric Power Plant (China) etc.
2. Can we have customized study for Charging as a Service Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. What would be the Market Size of Charging as a Service Market by 2027?
Analysts at AMA estimates Charging as a Service Market to reach USD Million by 2027.