The E-Vehicle Charging infrastructure refers to an infrastructure system of charging stations and battery swap stations to recharge the vehicle. The charging can be provided at home as well as at charging stations. The public charging stations are on-street facilities which are provided by the electric utility companies.
According to MarkNtel Advisors’ research report titled “India E-Vehicle Charging Infrastructure Market Analysis, 2020”, the E-Vehicle Charging Infrastructure market is projected to register a CAGR of more than 30% during 2020-25. The Combined Charging System (CCS) and CHadeMO segment accounted for a significant market share in the India E-Vehicle Charging Infrastructure market in 2019 since these products are most commonly used by international vehicle manufacturers.
Moreover, the lead-acid battery segment captured the highest market share in the India e-vehicle charging infrastructure market in 2019. However, the growing requirement of energy-efficient batteries which can enable e-rickshaws to travel longer distances without frequent charging is projected to boost the demand for lithium-ion batteries in the forecast period.
According to MarkNtel Advisors, the key players capturing a considerable market share in the India E-Vehicle Charging Infrastructure market include Sun Mobility, Tata Motors, Mahindra & Mahindra, ACME Group, Ather Energy, Cell Propulsion, etc. The companies are increasingly establishing electric vehicle charging stations to expand their business in the country. Under its plan to set up over 150 electric vehicle charging stations in Delhi, BSES launched its first public electric vehicle charging station in 2019.
Key Questions Answered in the Market Research Report
Market Outlook, Segmentation and Statistics
Frequently Asked Questions
Q. What would be the growth rate or CAGR of India e-vehicle charging infrastructure market during 2020-25?
A. The market size of India e-vehicle charging infrastructure market during 2020-25 is forecast to be above 30%.
Q. Which type of connector would grab the highest market share during 2020-25?
A. It is forecast that the CCS and CHadeMO segment grabbed a significant market share in the India e-vehicle charging infrastructure and dominate the market with majority market share, with market size registering considerably higher CAGR.
Q. Who are the key competitors or players operating in India e-vehicle charging infrastructure market?
A. Sun Mobility, Tata Motors, Mahindra & Mahindra, ACME Group, Ather Energy, Cell Propulsion, Panasonic, Exicom, Semco Group, Fortum are few of the leading players in India E-Vehicles Charging Infrastructure market.
Q.Does the report scope cover region wise market statistics also?
A. Yes, the scope of the report encompass detailed regional statistics such as market size, market segmentation based on various subcategories.
Q. Which battery segment would emerge as an opportunity area for players in e-vehicle charging infrastructure?
A. Lead-acid battery would continue to grow at a highest CAGR, presenting immense opportunities for manufacturers and suppliers of e-vehicle charging infrastructure across India.
