DUBLIN, Nov. 18, 2020 /PRNewswire/ -- The "Electric Vehicle Fast-Charging System Market - A Global and Regional Analysis: Focus on DC Fast Charging (Public & Private), Connector Type (Combo Charging, GB/T, CHADeMO, Supercharger), and Power Output of the DC Charger System - Analysis and Forecast, 2020-2025" report has been added to ResearchAndMarkets.com's offering.
The global electric vehicle fast-charging system market accounted for 133,992 fast-charging systems installed in 2019 and is expected to reach 226,857 by 2025. The market is anticipated to grow at a CAGR of 10.37 during the forecast period 2020 to 2025. The market growth is mainly attributed to the rising number of government policies for electric vehicles, better availability of charging infrastructure and minimizing carbon dioxide emissions. In addition, governments are coming up with awareness initiatives and incentives to encourage the adoption of electric vehicles, which is expected to drive market growth during the forecast period.
The growing demand for electric vehicles is directly spurring the direct current (DC) fast-charging infrastructure industry. DC fast-charging infrastructure is mushrooming with the ever-increasing demand for high power and less time-consuming charging system. A typical AC charger could take 6-10 hours for charging an electric vehicle. Due to the small battery size of electric vehicles, they needed to be charged fast around a couple of minutes to remain on the road for a longer period. The need for fast chargers rose with the growing demand for EVs and their capacity to handle high power and current supply. New advanced models of EVs can be charged by a DC fast charger greater than 22 KW and can take up to 250 KW depending on the EV models launched by December 2019. Ultra-high-power chargers (>250 KW) are generally used for heavy-duty vehicles, passenger vehicles, electric buses, and e-trucks. Several companies, such as Tritium Pty Ltd and ABB, are focusing on ultra-high-power charging system driven by the demand for and production of new EV models for passenger vehicles, e-buses, and e-trucks to be charged faster than a typical 50-100 KW DC fast charger.
The global EV fast-charging system market's competitive landscape consists of different strategies undertaken by key players across the e-mobility industry to gain traction and market share presence. Some strategies adopted by fast charger system manufacturers are new product launches, business expansions, mergers, partnerships, and collaborations. Among all these strategies adopted, partnerships and collaborations have led the popular choice of the strategy implemented in the EV fast charger system's competitive landscape. Some of the most prominent ecosystem players are ABB, BTC Power, Tritium Pty Ltd, Star Charge, and Efacec Electric Mobility. For instance, in March 2020, Tritium Pty Ltd collaborated with Pod Point to supply a 50KW DC fast-charging system to deploy EV charging stations in the U.K.
Product Launches are another preferred strategy adopted by the market players to enhance their product offerings and global footprint. For instance, in March 2019, Tesla, Inc. introduced the third generation of Supercharger called V3 Supercharger for Tesla, Inc. 3. The charger can charge a car in less than 15 minutes.
Key Topics Covered:
1 Markets1.1 Industry Outlook1.1.1 Supply Chain Network/MAP1.1.2 Industry Trends188.8.131.52 Battery Technology184.108.40.206 Ride-Hailing Services220.127.116.11 Last Mile Delivery18.104.22.168 Two and Three-Wheeler Vehicles1.1.3 Emerging Technologies/Concept for EV Charging22.214.171.124 Solar Charging126.96.36.199.1 Key Companies Leading the Trend188.8.131.52.2 Impact on EV Fast-Charging Market184.108.40.206 Inductive Charging220.127.116.11.1 Key Companies Leading the Trend18.104.22.168.2 Impact on EV Fast-Charging Market22.214.171.124 Vehicle-to-Grid126.96.36.199.1 Key Companies Leading the Trend188.8.131.52.2 Impact on EV Fast-Charging Market1.1.4 Policies and Government Initiatives1.1.5 Evolving Business Model: Electric Vehicle Charging184.108.40.206 Smart Charging Station220.127.116.11 Subscription Model18.104.22.168 Pay-As-You-Go Model22.214.171.124 EV Charging-As-A-Service1.2 Business Dynamics1.2.1 Business Drivers126.96.36.199 Demonstration of Environmental Commitment and Supporting Brand Values188.8.131.52 Sprouting of New Government Policies and Initiatives184.108.40.206 Ban on ICE Vehicle Production220.127.116.11 Technological Advancement Leading to the Demand for Fast Chargers1.2.2 Business Challenges18.104.22.168 Strong Grid Access Necessary22.214.171.124 Negative Effects on Electric Vehicle's Battery Lifetime126.96.36.199 High Infrastructure Cost of Fast-Charging System1.2.3 Business Strategies188.8.131.52 Product Development184.108.40.206 Market Development1.2.4 Corporate Strategies220.127.116.11 Mergers and Acquisitions, Partnerships, Joint Ventures, Collaborations, and Alliances1.2.5 Market Opportunities18.104.22.168 Constantly Evolving Business Models for Promoting EV Adoption Rate22.214.171.124 Emerging Economies Stimulating the Growth of EV Infrastructure
2 Applications2.1 EV Fast-Charging System Market: Applications and Specifications2.1.1 Public2.1.2 Private2.2 Demand Analysis of Electric Vehicle Fast-Charging System Market (by Application), Volume Data2.2.1 Public2.2.2 Private
3 Products3.1 Types of Products for Electric Vehicle Fast-Charging System Market3.1.1 Types of Products for Electric Vehicle Fast-Charging System Market (by Connector Type)126.96.36.199 CHADeMO188.8.131.52 SAE Combo Charging System184.108.40.206 Supercharger220.127.116.11 GB/T3.1.2 Types of Products for Electric Vehicle Fast-Charging System Market, by Charging Power (KW)18.104.22.168 Less than 100 KW22.214.171.124 100-200 KW126.96.36.199 Greater than 200 KW3.2 Demand Analysis of Electric Vehicle Fast-Charging System Market, Volume Data3.2.1 Demand Analysis of Electric Vehicle Fast-Charging System Market, Volume Data (by Connector Type)188.8.131.52 CHADeMO184.108.40.206 SAE Combo Charging System220.127.116.11 Supercharger18.104.22.168 GB/T3.2.2 Demand Analysis of Electric Vehicle Fast-Charging System Market, Volume Data (by Charging Power; KW)22.214.171.124 Less than 100 KW126.96.36.199 100-200 KW188.8.131.52 Greater than 200 KW3.3 Product Benchmarking: Growth Rate - Market Share Matrix3.3.1 Opportunity Matrix, (by Region)3.3.2 Opportunity Matrix (by Product Type)3.4 Technology Roadmap
5 Markets - Competitive Benchmarking & Company Profiles5.1 Competitive Benchmarking5.1.1 Competitive Position Matrix5.1.2 Market Share Analysis5.2 Company Profiles
- Blink Charging Co.
- BP Chargemaster Ltd
- Broadband TelCom Power, Inc.
- ChargePoint Inc.
- Delta Electronics, Inc.
- Efacec Electric Mobility
- ShenZhen SETEC Power Co., Ltd.
- Signet EV Inc.
- Star Charge
- Tesla, Inc.
- Tritium Pty Ltd
- Xi'an TGOOD Intelligent Charging Technology Co., Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/yl4co0
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
Research and Markets Laura Wood, Senior Manager firstname.lastname@example.org For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716
View original content: http://www.prnewswire.com/news-releases/global-electric-vehicle-fast-charging-system-market-report-2020-featuring-prominent-players---abb-btc-power-tritium-pty-star-charge-and-efacec-electric-mobility-301176197.html
SOURCE Research and Markets