Explosive Demand for Electric Vehicles to drive the Electric Vehicle Supply Equipment Market
The IEA (International Energy Agency) states that sales of electric vehicles at the global level rose by 41% (to around 3 Mn electric cars) in the year 2020 alone. This is the major factor driving the electric vehicle supply equipment market, as stated by Persistence Market Research.
Electric Vehicle Supply Equipment Market Segregation
The global electric vehicle supply equipment market, by type of charger, spans Level 1 (≤ 3.7 kW), Level 2 > 3.7 kW and ≤ 22 kW, Level 2 (≤ 22 kW), Level 3 (> 22 kW and ≤ 43.5 kW), Level 3 (< 150 kW), and Level 3 (< 200 kW). By end-user, it’s commercial, residential, train stations, and government buildings. Persistence Market Research has entailed these facts with future findings in its latest market study entitled “Electric Vehicle Supply Equipment Market”.
Europe holds the largest share of electrical vehicle supply equipment market and the scenario is expected to be the same even going forward. This could be attributed to various European regions like Norway, The Netherlands, Germany, the UK, and France setting goals for increasing deployment of electric car and curtail carbon emissions, thereby encouraging the need for electric vehicle charging stations. Europe is also expected to witness proliferation of PPP projects to facilitate development of electric vehicle supply equipment on the highways.
The Asia-Pacific is also expected to grow at a sizable rate in the near future, with China leading from the front. The other countries following suit include Japan, South Korea, India, and India. North America is already going steady herein. Persistence Market Research has, with its string of expertise in the form of analysts and consultants, has sketched the facts with future prospects in its latest market study entitled “Electric Vehicle Supply Equipment Market”.
Persistence Market Research has profiled the key players in electric vehicle supply equipment market as ChargePoint, Inc., ABB Ltd., Tesla Inc., Eaton Corporation Plc, SemaConnect, Inc., General Electric Company, AeroVironment, Inc., Car Charging Group, Inc., Schneider Electric S.E., Robert Bosch GmbH, and likewise. It has also gone further with mentioning about the key developments on this count. For instance – Ez4EV Pvt. Ltd., in August 2021, tabled EzUrja Mobile Charging Stations. The solution is being managed in the form of IoT device and does follow innovative “Charging-on-Demand” approach, thereby allowing remote monitoring as well as organization of the operations. Shell, in March 2021, announced that it was planning to dole out 500K electric charging stations by the year 2025. The count as of the year 2021 was 60K.
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The global electric vehicle supply equipment market is bound to be electrically eclectic in the near future – Persistence Market Research