Global fast charging refers to quick charging station of electrical vehicles. There are two type of fast chargers such as AC charger and DC charger. There are various technologies used for the fast charging such as CHADeMO, SAE combo and Supercharger. Rising popularity of electrical vehicles and adoption of DC chargers will help to boost global fast charging market. Additionally, Growing Concern of environment pollution helps to drive fast charging market.
This growth is primarily driven by Government Support towards Electric Vehicles and Growing Consumer Preference towards Electrical Charging Vehicles.
Globally, a noticeable market trend is evident Increasing Popularity of DC Charging Stations
. The Automobiles sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Chargepoint (United States), ABB (Switzerland), Eaton (Ireland), Blink (United States), Schneider (France), Siemens (Germany), General Electric (United States), AeroVironment (United States), Panasonic (Japan) and Chargemaster (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 9th May 2018, ChargePoint, the world’s leading and most open electric vehicle (EV) charging network has introduced concept design for two megawatt, high-powered charging of electric aircraft and semi-trucks, including electric vertical takeoff and landing (VTOL) aircraft.
On 15th February 2018, ABB has installed ABB Terra 53 fast charging station for electric vehicles in India which is proposed by the Ministry of Highways and Transportation and NITI Aayog.
- Government Support towards Electric Vehicles
- Growing Consumer Preference towards Electrical Charging Vehicles
- Increasing Popularity of DC Charging Stations
- Growing Concern towards Environmental Pollutions
- Stress Induced on Batteries Due to Fast Charging
Rising Opportunity in Wireless Charging
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Fast Charging Study Sheds Light on
The Fast Charging Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Fast Charging industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Fast Charging industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.