What is Electric Vehicle 800-volt Charging System?
Electric vehicle 800-volt systems allow electricity to flow from the battery to the wheels at a lower current, reducing power loss due to heat. Because of the higher voltage and lower current, the same amount of power can be moved using thinner wires, and less copper is required in the motors themselves, which reduces their weight and allows them to spin faster, allowing for higher performance. A power drill, for example, has a higher voltage, which means the more powerful it is and the faster it charges. Faster charging is possible with an 800-volt system because lower current reduces overheating in the charging cables and associated hardware. As a result, less power is lost to heat and more is delivered to the car's battery.
|Unit||Value (USD Million)|
|Key Companies Profiled||Porsche (Germany), Kia (South Korea), Hyundai (South Korea), BYD (China), GEELY (China), GreatWall (China), Beijing Automotive Group Co (China), Aion (China), Voyah (China) and XPeng Motors (China)|
The study covers a detailed analysis segmented by key business segments i.e. by type (Platform, Vehicle Model and Charging Pile) , by application (BEV and HEV) and major geographies. Research Analyst at AMA predicts that Chinese Vendors will contribute to the maximum growth of Global Electric Vehicle 800-volt Charging System market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Electric Vehicle 800-volt Charging System market report suggests strategies that Vendors can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Vendors, some of them are Porsche (Germany), Kia (South Korea), Hyundai (South Korea), BYD (China), GEELY (China), GreatWall (China), Beijing Automotive Group Co (China), Aion (China), Voyah (China) and XPeng Motors (China).
On 7th December 2021, bp took its first major step into electrification in the US with the acquisition of AMPLY Power, an electric vehicle (EV) charging and energy management provider for fleets that operate trucks, transit and school buses, vans and light-duty vehicles. The investment is aligned with bp’s plan to scale-up next generation mobility solutions, providing the fastest, most reliable and convenient network of charging and digital solutions for customers, including individual drivers and fleet operators.
The demand for wireless electric vehicle (EV) charging systems is increasing with each passing day. The businesses in this industry facing major competition with leading players of the market that includes Continental AG, Power mat Technologies Ltd, WiTricity Corporation and others. Many international as well as regional providers are also participants in the industry and directly compete with leaders. It has been identified that market leading players are investing heavily in growth strategies such as technological development, resource utilization to enhance their market position. The market leaders demonstrate a market-defining vision of how wireless electric vehicle (EV) charging systems can help top-line business executives achieve their business objectives. Leaders have the ability to execute against that vision through both products and services. They have demonstrated solid business results in the form of revenue and earnings.
Increasing Popularity of Pop-Up EV Chargers and Growing Demand for Roadside EV Charging Cabinets and Lamp-Post EV Charging Points
- High Cost of Upgrading to Wireless Charging Technology
Increasing Initiatives from Governments for Wireless Charging and Rising Opportunities in Emerging Countries
Key highlights of the Global Electric Vehicle 800-volt Charging System market Study:
CAGR of the market during the forecast period 2021-2027
In-depth information on growth factors that will accelerate the Electric Vehicle 800-volt Charging System market in next few years.
Detailed Insights on futuristic trends and changing consumer behaviour
Forecast of the Global Electric Vehicle 800-volt Charging System market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Vendors
Comprehensive information about factors that will challenge the growth of Electric Vehicle 800-volt Charging System Vendors
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Electric Vehicle 800-volt Charging System market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Electric Vehicle 800-volt Charging System market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using 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 New Entrants/Investors, Analysts and Strategic Business Planners, Electric Vehicle 800-volt Charging System Manufacturer, Electric Vehicle 800-volt Charging System Distribution and Supplier, Government Bodies, Research Organizations, End-Users and Others.
This helps us to gather the data for the 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 include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.