Global Electric Vehicle Fast Charging System

Global Electric Vehicle Fast Charging System Market Research Report: Forecast (2022-2027)

By Application (Public, Private), By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle), By Product (CHADeMO, SAE Combo Charging System, Supercharger, GB/T), By Read more

  • Automotive
  • Jun 2022
  • 205
  • AT55016

Market Definition

Electrical vehicle (EV) fast chargers are used to provide power to electric vehicles via the installed battery set & help to charge the battery. Electric vehicle (EV) fast-charging systems come under Level-3 chargers & range from 22KW to nearly 200KW. These charging stations are commonly found in the public areas & charge the vehicle faster than normal chargers, thereby reducing the time taken to charge an EV. In addition, it has the capability to charge more than one electric vehicle at a time to reduce delay in charging time.

Moreover, the growing environmental concerns from the internal combustion engine (ICE) vehicles have stimulated the global automotive industry's strategic shift toward renewable energy sources, which would augment the market growth in the coming years.

Market Insights

The Global Electric Vehicle Fast-charging System market is projected to grow at a CAGR of around 17.56% during the forecast period, i.e., 2022-27. The Global Electric Vehicle Fast-Charging System market witnessed a significant growth rate during the historical period. The factors responsible for market growth have been the rising concerns about global warming due to extensive pollution caused by the ICE vehicles. As a result, the government bodies of various countries across the globe have initiated numerous plans to stimulate EV demand & infrastructure in their respective countries. Moreover, with these steps, the regulatory bodies are also setting up some targets for banning the sales & production of internal combustion engine vehicles in the countries. Hence, this resulted in an increasing demand for electrical vehicles across the globe, which escalated the demand for the fast charging system.

Report Coverage Details
Study Period Historical Data: 2017-20
Base Year: 2021
Forecast Period: 2022-27
CAGR (2022-2027) 17.56%
Regions Covered North America: The US, Canada, Others
South America: Brazil, Rest of South America
Europe: Germany, The UK, France, Germany, Spain, Italy, Rest of Europe
Asia-Pacific: China, Japan, India, South Korea, Rest of Asia Pacific
Middle East & Africa: GCC, South Africa, Rest of Middle East and Africa
Key Companies Profiled ABB, Blink Charging Co., BP Chargemaster Ltd, Broadband TelCom Power, Inc., ChargePoint Inc., Delta Electronics, Inc., Efacec Electric Mobility, EVBox, FLO, GARO Group, Proterra Inc., Signet EV Inc., Tesla, Inc., Tritium Pty Ltd, ShenZhen SETEC Power Co., Ltd., Xi?an TGOOD Intelligent, Charging Technology Co., Ltd., Others
Unit Denominations USD Million/Billion

 

Furthermore, the automobile industry experts are also backing up these schemes by providing rebates & plans for pushing people toward the e-mobility trend. Therefore, the car manufacturers are also planning & gearing up to make relevant changes in EVs to meet the future demand for EVs. For instance, Volvo is targeting to obtain 50% of vehicle sales from their electric vehicles segment by 2025. These proactive efforts & policies are destined to result in the growth of EV charging infrastructure & the installation of public & private charging stations in countries across the globe.

Additionally, the growing demand for electric vehicles has spurred the expansion of direct current (DC) fast-charging infrastructure. DC fast-charging infrastructure is rapidly increasing with the demand for high power & less time-consuming charging systems. Therefore, several companies, including Tritium Pty Ltd & ABB, are developing ultra-high-power charging systems to support new electric vehicles such as electric passenger cars, electric buses, and electric trucks, which can be charged much faster than conventional DC fast chargers. Further, the rising demand for electric vehicles in countries, including China, the US, and India, as well as the growing investment in the development of charging infrastructure, has led to the worldwide demand for electric vehicles.

Impact of COVID-19 on the Global Electric Vehicle Fast-Charging System Market

The COVID-19 pandemic had an adverse impact on the global automotive industry due to a steep decline in the vehicle demand from the end-user as well as from the manufacturer’s end. In addition, the supply chain disruption caused by the low export of Chinese automotive parts & huge manufacturing disruptions across Europe & the shutting down of assembly plants in the US were other major reasons for the low demand for EV fast chargers. This placed extreme pressure on the global automotive industry as many automotive manufacturers to cut down their investment plans & the government also delayed spending on infrastructure development, including vehicle charging infrastructure. This resulted in slowdown in the installation of EV fast-charging systems around the globe.

Furthermore, in 2021, the automotive sector witnessed an incline in the demand due to the post-pandemic recovery, along with relaxations in the mobility restrictions. Moreover, the government's growing attention to the automotive sector & the rising companies’ investment in the manufacturing of electric vehicles is expected to dominate the market growth in the years 2022-2027.

  1. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
    4. Market Segmentation
    5. Preface
  2. Executive Summary
  3. Global Market Start-up Ecosystem, 2016-2021
    1. Entrepreneurial Activity
    2. Year On Year Funding Received
    3. Funding Received by Top Companies
      1. Key Investors Active in the Market
      2. Series Wise Funding Received
      3. Seed Funding
      4. Angel Investing
      5. Venture Capital
      6. Others
  4. Global Electric Vehicle Fast-Charging System Market Government Regulations
  5. Global Electric Vehicle Fast-Charging System Market Trends & Insights
  6. Global Electric Vehicle Fast-Charging System Market Dynamics
    1. Growth Drivers
    2. Challenges
    3. Impact Analysis
  7. Global Electric Vehicle Fast-Charging System Market Hotspot & Opportunities
  8. Global Electric Vehicle Fast-Charging System Market Outlook, 2019-2027F
    1. Market Size & Analysis
      1. By Revenues
      2. By Units
    2. Market Share & Analysis
      1. By Application
        1. Public
        2. Private
      2. By Vehicle Type
        1. Passenger Car
        2. Light Commercial Vehicle
        3. Medium & Heavy Commercial Vehicle
      3. By Product
        1. CHADeMO
        2. SAE Combo Charging System
        3. Supercharger
        4. GB/T
      4. By Charging Power
        1. Less than 100 KW
        2. 100-200 KW
        3. Greater than 200 KW
      5. By Region
        1. North America
        2. South America
        3. Europe
        4. Middle East & Africa
        5. Asia Pacific
      6. By Competitor
        1. Competition Matrix
        2. Market Shares of Leading Companies
  9. North America Electric Vehicle Fast-Charging System Market Outlook, 2019-2027F
    1. Market Size & Analysis
      1. By Revenues
      2. By Units
    2. Market Share & Analysis
      1. By Application
      2. By Vehicle Type
      3. By Product
      4. By Charging Power
      5. Top Competitors in the Region
      6. Electric Vehicle Fast-Charging System Market Pricing Analysis
      7. By Region
        1. The US
        2. Canada
        3. Others
    3. The United States Electric Vehicle Fast-Charging System Market Outlook, 2019-2027F
      1. Market Size & Analysis
        1. By Revenues
        2. By Units
      2. Market Share & Analysis
        1. By Application
        2. By Vehicle Type
        3. By Product
        4. By Charging Power
    4. Canada Electric Vehicle Fast-Charging System Market Outlook, 2019-2027F
      1. Market Size & Analysis
        1. By Revenues
        2. By Units
      2. Market Share & Analysis
        1. By Application
        2. By Vehicle Type
        3. By Product
        4. By Charging Power
  10. South America Electric Vehicle Fast-Charging System Market Outlook, 2019-2027F
    1. Market Size & Analysis
      1. By Revenues
      2. By Units
    2. Market Share & Analysis
      1. By Application
      2. By Vehicle Type
      3. By Product
      4. By Charging Power
      5. Top Competitors in the Region
      6. Electric Vehicle Fast-Charging System Market Pricing Analysis
      7. By Region
        1. Brazil
        2. Rest of South America
    3. Brazil Electric Vehicle Fast-Charging System Market Outlook, 2019-2027F
      1. Market Size & Analysis
        1. By Revenues
        2. By Units
      2. Market Share & Analysis
        1. By Application
        2. By Vehicle Type
        3. By Product
        4. By Charging Power
  11. Europe Electric Vehicle Fast-Charging System Market Outlook, 2019-2027F
    1. Market Size & Analysis
      1. By Revenues
      2. By Units
    2. Market Share & Analysis
      1. By Application
      2. By Vehicle Type
      3. By Product
      4. By Charging Power
      5. Top Competitors in the Region
      6. Electric Vehicle Fast-Charging System Market Pricing Analysis
      7. By Region
        1. Germany
        2. The UK
        3. France
        4. Italy
        5. Spain
        6. Rest of Europe
    3. Germany Electric Vehicle Fast-Charging System Market Outlook, 2019-2027F
      1. Market Size & Analysis
        1. By Revenues
        2. By Units
      2. Market Share & Analysis
        1. By Application
        2. By Vehicle Type
        3. By Product
        4. By Charging Power
    4. The UK Electric Vehicle Fast-Charging System Market Outlook, 2019-2027F
      1. Market Size & Analysis
        1. By Revenues
        2. By Units
      2. Market Share & Analysis
        1. By Application
        2. By Vehicle Type
        3. By Product
        4. By Charging Power
    5. France Electric Vehicle Fast-Charging System Market Outlook, 2019-2027F
      1. Market Size & Analysis
        1. By Revenues
        2. By Units
      2. Market Share & Analysis
        1. By Application
        2. By Vehicle Type
        3. By Product
        4. By Charging Power
    6. Italy Electric Vehicle Fast-Charging System Market Outlook, 2019-2027F
      1. Market Size & Analysis
        1. By Revenues
        2. By Units
      2. Market Share & Analysis
        1. By Application
        2. By Vehicle Type
        3. By Product
        4. By Charging Power
    7. Spain Electric Vehicle Fast-Charging System Market Outlook, 2019-2027F
      1. Market Size & Analysis
        1. By Revenues
        2. By Units
      2. Market Share & Analysis
        1. By Application
        2. By Vehicle Type
        3. By Product
        4. By Charging Power
  12. Middle East & Africa Electric Vehicle Fast-Charging System Market Outlook, 2019-2027F
    1. Market Size & Analysis
      1. By Revenues
      2. By Units
    2. Market Share & Analysis
      1. By Application
      2. By Vehicle Type
      3. By Product
      4. By Charging Power
      5. Top Competitors in the Region
  13. Asia Pacific Electric Vehicle Fast-Charging System Market Outlook, 2019-2027F
    1. Market Size & Analysis
      1. By Revenues
      2. By Units
    2. Market Share & Analysis
      1. By Application
      2. By Vehicle Type
      3. By Product
      4. By Charging Power
      5. Top Competitors in the Region
      6. Electric Vehicle Fast-Charging System Market Pricing Analysis
      7. By Region
        1. China
        2. Japan
        3. South Korea
        4. India
        5. Rest of Asia Pacific
    3. China Electric Vehicle Fast-Charging System Market Outlook, 2019-2027F
      1. Market Size & Analysis
        1. By Revenues
        2. By Units
      2. Market Share & Analysis
        1. By Application
        2. By Vehicle Type
        3. By Product
        4. By Charging Power
    4. Japan Electric Vehicle Fast-Charging System Market Outlook, 2019-2027F
      1. Market Size & Analysis
        1. By Revenues
        2. By Units
      2. Market Share & Analysis
        1. By Application
        2. By Vehicle Type
        3. By Product
        4. By Charging Power
    5. South Korea Electric Vehicle Fast-Charging System Market Outlook, 2019-2027F
      1. Market Size & Analysis
        1. By Revenues
        2. By Units
      2. Market Share & Analysis
        1. By Application
        2. By Vehicle Type
        3. By Product
        4. By Charging Power
    6. India Electric Vehicle Fast-Charging System Market Outlook, 2019-2027F
      1. Market Size & Analysis
        1. By Revenues
        2. By Units
      2. Market Share & Analysis
        1. By Application
        2. By Vehicle Type
        3. By Product
        4. By Charging Power
  14. Global Electric Vehicle Fast-Charging System Market Key Strategic Imperatives for Success & Growth
  15. Company Profiles
    1. ABB
    2. Blink Charging Co.,
    3. BP Chargemaster Ltd,
    4. Broadband TelCom Power, Inc.,
    5. ChargePoint Inc.,
    6. Delta Electronics, Inc.,
    7. Efacec Electric Mobility,
    8. EVBox, FLO,
    9. GARO Group,
    10. Proterra Inc.,
    11. Signet EV Inc.,
    12. Tesla, Inc.,
    13. Tritium Pty Ltd,
    14. ShenZhen SETEC Power Co., Ltd.,
    15. Xi′an TGOOD Intelligent Charging Technology Co., Ltd.
    16. Others
  16. Disclaimer
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