MARKET OVERVIEW
Electric Vehicle Supply Equipment are the products or assemblies which are deployed to safely deliver and manage the electrical energy transfer between source and the vehicle EVSE includes electrical conductors, and connectors which are specifically designed to provide an interface between electric vehicle and power source. The electric powers for Electric Vehicle (EV) can be generated from different sources, which include natural gas and zero emission sources like wind, hydro, solar, and nuclear power these source will influence significantly in controlling the gaseous emission and pollution.
MARKET SCOPE
The "Global Electric Vehicle Supply Equipment Market Analysis to 2028" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Electric Vehicle Supply Equipment market with detailed market segmentation by power type, product, charging station type, application, and geography. The report provides key statistics on the market status of the leading Electric Vehicle Supply Equipment market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- ?The global Electric Vehicle Supply Equipment market is segmented on the basis of power type, product, charging station type, application.?On the basis of power type, the market is segmented as AC power type, and DC power type.?Based on product the market is segmented as portable charger, EV charging kiosk, onboard charging station, and others.?Based on charging station type the market is segmented as normal charging, super charging, and inductive charging.?Based on application the market is segmented as commercial and residential.
MARKET DYNAMICS
Drivers:
- ?Low charging costs.
Restraints:
- ?High Initial Cost for Fast chargers.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Electric Vehicle Supply Equipment market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Electric Vehicle Supply Equipment market in these regions.
IMPACT OF COVID-19 ON ELECTRIC VEHICLE SUPPLY EQUIPMENT MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the Electric Vehicle Supply Equipment market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Electric Vehicle Supply Equipment market market are anticipated to lucrative growth opportunities in the future with the rising demand for Electric Vehicle Supply Equipment market in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Electric Vehicle Supply Equipment market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- ?ABB Group?Coulomb Technologies?GE Energy?Eaton Corporation?Schneider Electric?Siemens AG?Legrand North American LLC?Hubbell?Panasonic Corporation?Milbank Manufacturing Company
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.