Electric Vehicle (EV) Charging Infrastructure Market Analysis By Charger Type (Slow Charger, Fast Charger), By Connector (CHAdeMO, Combined Charging System), By Application, By Region, And Segment Forecasts, 2018 - 2025

Industry Insights

The global electric vehicle (EV) charging infrastructure market size was valued at USD 1.16 billion in 2016 and is presumed to gain traction over the forecast period. The growing demand for Electric Vehicles (EVs) is primarily responsible for the aggressive growth of EV charging infrastructure. The sales of electric vehicles have increased due to the increasing government support in the form of tax credits and lucrative subsidies and consumer awareness of the usage and benefits of these vehicles.

The passenger cars segment is anticipated to grow at the fastest rate, compared to the commercial vehicle segment. This can be attributed to the growing variety of EV models, equipped with the latest technology. Moreover, various research & development activities have been observed around improvements in EVs and up gradations of Electric Vehicle Supply Equipment (EVSE) to make them more convenient and easy to handle.

North America electric vehicle charging infrastructure market, by connector, 2014 - 2025 (USD Million)

DC chargers are capable of charging an EV in 20-30 minutes. These chargers are able to transform high-voltage AC to DC, for storage in electric vehicles. They have been further divided into three connectors namely CHAdeMO, Combined Charging System (CCS), and others (Tesla Supercharger and China GB/T).

The term “CHAdeMO” was derived from the phrase “CHArge de MOve”. CHAdeMO connectors are capable of delivering 62.5 kW of DC and are specified by Japan Electric Vehicle Standard (JEVS). They are global industry standards set by the CHAdeMO Association that was formed by Tokyo Electric Power Company, Inc., Nissan Motor Company Ltd., Mitsubishi Group, Fuji Heavy Industries Ltd., and Toyota Motor Corporation.

CCS connectors are combinations of J1772 plug and two large pins (primarily meant for DC). They facilitate usage of a single inlet for AC and DC charging, enabling flexibility in designing EVs.

Tesla Superchargers, designed by Tesla Motors, Inc., has been structured uniquely. They are compatible with all the available charging options (including their superchargers). The Chinese GB/T supports level 2, level 3, three-phase AC, and 250-volt & 400-volt DC. The GB/T pin design is identical to an IEC connector; however, its functions are entirely different.

Type Insights

The market comprises two types of chargers namely Alternating Current (AC) and Direct Current (DC) chargers. AC chargers use AC current, which is usually available at home, to charge an electric vehicle (EV). These chargers can be further divided into three types namely Type-1 (up to 3.7 kW), Type-2 (> 3.7 kW and ≤ 22 kW), and AC rapid chargers (up to 43 kW). They are capable of charging an electric vehicle in 6-8 hrs., 3-4 hrs., and 40-50 minutes, respectively.

The fast charger segment occupied a significant market share in 2016. It includes rapid AC chargers (up to 43 kW), DC chargers, and Tesla Superchargers. These chargers have the potential to charge an EV battery, up to 80%, within 30 minutes. These chargers are expected to grow faster than slow chargers, as they reduce driver’s anxiety and battery recharging time.

Application Insights

Governments need to promote the number of publicly available chargers to boost EV sales. Both commercial and residential application segments are expected to growth in the coming years. However, the growth of commercial segment (includes chargers at non-residential places) is expected to be higher than the residential application segment. application. Moreover, governments or automakers are anticipated to make heavy investments for expanding public infrastructure.

Asia Pacific electric vehicle charging infrastructure market, by application, 2016 (USD Million)

Regional Insights

The Asia Pacific region dominated the market and accounted for 50% revenue share in 2016. In the past few years, China has witnessed growth in both electric vehicles and their charging infrastructure. In 2015, the nation announced its intention to invest in the EV infrastructure market to accomplish their target for 5 million EVs, on road, by 2020.

Furthermore, in 2016, Japan has successfully surpassed the number of petrol stations with EV charging outlets. This growth is supported by government policies and automakers’ effort to boost EV infrastructure. For instance, in 2014, Toyota Motor Corporation, Honda Motor Co., Ltd., Nissan Motor Co., Ltd., and Mitsubishi Motors Corporation formed a new company called Nippon Charge Service, LLC to encourage the installation of EV chargers. In 2016, South Korea announced its investment of USD 180.3 million for expansion of EV infrastructure.

Competitive Insights

The prominent vendors dominating the market include ABB Group, AeroVironment, Inc., Elektromotive Limited, ChargePoint, Inc., Schneider Electric SE, Chargemaster Plc, Eaton Corporation, Siemens AG, SemaConnect, Inc., ClipperCreek, Inc., Tesla Motors, Inc., Delphi Automotive LLP, General Electric Company, and Leviton Manufacturing Co., Inc.

The players of this market are continuously working toward new product development and up gradation of their existing product portfolio. For strategic growth, these players prefer collaborations, with other players or electric vehicle manufacturers. For instance, in 2016, ChargePoint, Inc. collaborated with BMW of North America, LLC and Volkswagen of America, Inc. for setting up approximately 100 DC, fast-charging stations across east and west coasts of the U.S.

Moreover, these players are consolidating their market shares by undertaking M&A activities. In 2017, Chargemaster Plc announced the acquisition of Elektromotive Limited, an infrastructure supplier, along with its subsidiary (Charge Your Car). Through this acquisition, the former company is planning to expand its existing portfolio and customer services.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global electric vehicle charging infrastructure market based on charger types, connectors, applications, and regions:

• Charger Type Outlook (Revenue, USD Million;2014 - 2025)

  • Slow Charger

  • Fast Charger

• Connector Outlook (Revenue, USD Million;2014 - 2025)

  • CHAdeMO

  • CCS

  • Others

• Application Outlook (Revenue, USD Million; 2014 - 2025)

  • Commercial

  • Residential

• Regional Outlook (Revenue, USD Million; 2014 - 2025)

  • North America

    • U.S.

    • Canada

  • Europe

    • Netherlands

    • UK

    • France

    • Norway

    • Germany

  • Asia Pacific

    • China

    • Japan

    • South Korea