What is Home Charging Piles Market?
Home Charging Piles can be used to charge various types of electric cars according to different voltage levels. Electric car drivers choose a home charging point to benefit from faster charging speeds and built-in safety features. The form this infrastructure will take is still uncertain, with a range of charging technologies currently available and more expected to emerge over the next five years. The past decade there has been a growing interest, bordering on enthusiasm, for electric vehicles.
Highlights from Home Charging Piles Market Study
|Unit||Value (USD Million)|
|Key Companies Profiled||Chargepoint (United States), Shell (United Kingdom), BP (United Kingdom), ABB (Switzerland), Hyundai (South Korea), RWE (Germany), Siemens (Germany), EVBOX (Netherlands), Blink (United States), Tesla (United States), Webasto Group (Germany), Daimler Mercedes-Benz (Germany) and EVgo (United States)|
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. Research Analyst at AMA predicts that Germany Vendors will contribute to the maximum growth of Global Home Charging Piles market throughout the forecasted period. Chargepoint (United States), Shell (United Kingdom), BP (United Kingdom), ABB (Switzerland), Hyundai (South Korea), RWE (Germany), Siemens (Germany), EVBOX (Netherlands), Blink (United States), Tesla (United States), Webasto Group (Germany), Daimler Mercedes-Benz (Germany) and EVgo (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are G2Mobility (France), Pacific Gas and Electric Company (United States), Renault (France), Phihong Technology Co (China), Schneider Electric (France) and Efacec (Portugal).
Home Charging Piles Market Segmentation:
|Type||AC Charging and DC Charging|
|Level||Level 1,Level 2,Level 3|
On the basis of geography, the market of Home Charging Piles has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Increasing Trend for AC charger, to six minutes for the fastest DCFC charger, Need For A Faster Charger And Reduced Charging Time Due To Rise In Intercity And State Travelling and Power Systems will be able to Serve the Additional Demand from the Significant Deployment of Electric Vehicles
Market Growth Drivers:
Rising Demand for EV fast-charging infrastructure and Increasing Implementation of Charging Piles Due to Increase in Use of EV vehicles
Increasing Innovation and Launching Low Cost Home Charging Piles
Charging Piles pandemic-related slowdown in construction and EVs remain more costly than Gasoline fueled vehicles over their useful life
Growing Demand in Installation of Home Charging Piles in Emerging Countries like India and Increasing New Number of Investors in Home Charging Piles
Key Target Audience
EV charger Manufacturers, EV Manufacturers, Air Amplifiers Distributors and Suppliers, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others
Market Leaders & Development Strategies
On 11th August 2021, ChargePoint has made its second acquisition since going public in March, purchasing European electric fleet management company ViriCiti for USD 75 million (USD 88 million) in cash. The news comes just a few weeks after the EV charging network operator announced the purchase of European charging Software Company