mayuri kathade
by on December 8, 2023
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The latest market research report by a renowned global market intelligence firm has unveiled insights into the thriving “Electric Vehicle Supply Equipment Market”. This comprehensive report showcases descriptive data and visual representations, offering an in-depth analysis of both global and regional market landscapes. It unveils market objectives, profiles leading competitors, evaluates market values, highlights prevailing trends, strategies, targets, and product portfolios. Additionally, it sheds light on the recent market growth while providing valuable historical insights.

Electric Vehicle Supply Equipment Market Valuation:

Electric Vehicle Supply Equipment Market size was valued at US$ 4.04 Bn. in 2022 and the total revenue is expected to grow at 26.3% of CAGR through 2023 to 2029, reaching nearly US$ 20.72 Bn.

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A Synopsis of the Electric Vehicle Supply Equipment Market

The research report delves deeply into analyzing market competitors, growth trajectories, and dynamic patterns. It provides invaluable insights into global and regional market demands and values. Moreover, it facilitates a comprehensive understanding of the competitive landscape, production demands, and supply potentials. The segmentation analysis encompasses critical factors like psychographic, demographic, geographic, and behavioral aspects, which significantly shape marketing strategies, product focus, offerings, and customer experiences. Leveraging Porter's analysis, it evaluates competitive strengths to drive profitability. Furthermore, Pestle analysis assesses product and service validity in contextual data. The SWOT analysis evaluates internal and external factors influencing a company's strengths, weaknesses, advantages, and disadvantages. Overall, this report offers comprehensive and insightful data on the Electric Vehicle Supply Equipment market landscape.

Electric Vehicle Supply Equipment Market Segmentation Insights:

Global Electric Vehicle Supply Equipment Market, by Type (2022-2029)

• Level 1
• Level 2
• Level 3

According to kind, in 2021 the highest market shear was held by Level 2 type. The most popular type of chargers are Level 2, which charge more quickly than Level 1 but at a higher cost. Public spaces, private homes, and workplaces all have level 2 chargers. Although they are marketed separately from the vehicle, residential Level 2 chargers are typically bought together and typically need to be installed by an expert. Because Level 2 chargers can withstand voltages higher than 200 volts and can support currents between 12 and 80 amps, they charge faster than Level 1 chargers, which are only capable of 10 to 12 amps. The reason they are the most prevalent kind at public charging stations is

Global Electric Vehicle Supply Equipment Market, by Product Type (2022-2029)

• Residential
• Commercial
• Train stations
• Government buildings
• Other

Kind claims that Level 2 type had the greatest market shear in 2021, at xx%. The most often used kind of chargers are Level 2, which charge more expensively but faster than Level 1. Level 2 charges are available in offices, private residences, and public areas. While they are sold separately from the vehicle, residential Level 2 chargers are usually purchased in pairs and require professional installation. Level 2 chargers charge more quickly than Level 1 chargers, which can only handle 10 to 12 amps, because they can handle voltages greater than 200 volts and currents between 12 and 80 amps. 

Global Electric Vehicle Supply Equipment Market, by Application (2022-2029)

• Portable Charger
• EV Charging Kiosk
• Onboard Charging Station
• Others

Based on application, the market has been split into residential and commercial segments, with the commercial segment expected to dominate the market in 2022. Government initiatives such as the West Coast Electric Highway (WCEH), the Norway to Italy Electric Highway, and the Trans-Canada Highway Project are driving this market. Electric car supply equipment producers are also putting a lot of effort into building electric vehicle charging stations in hotels, malls and resorts in order to meet the demand for charging stations. The increased emphasis that hospitality companies like Hyatt Corporation and Marriot International, Inc. are placing on the installation of electric vehicle charging stations is another factor propelling the growth of this particular market.

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Electric Vehicle Supply Equipment Market Leaders:

1. Liberty Plugins (US) 2. Clipper Creek (US) 3. Coritech (US) 4. EVgo Services LLC (US) 5. Blink Charging Co. (US) 6. BTC Power (US) 7. Chargepoint (US) 8. Tesla Motors (US) 9. Andromeda Interfaces Inc (US) 10.Bosch Automotive Service Solutions Inc (US) 11.BYD Motors (US) 12.Eaton Corporation plc (US) 13.General Electric Company (US) 14.Leviton Manufacturing Co. Inc. (US) 15.Delta Electronics, Inc (US) 16.Webasto Group (Germany) 17.Siemens AG (Germany) 18.FullCharger (France) 19.Schneider Electric SE (France) 20.ABB Ltd. (Switzerland) 21.Circontrol (Spain)

Electric Vehicle Supply Equipment Market Geographical Evaluation:

The report provides formal, functional, and region-specific analyses, identifying impactful business zones based on varying demands across Asia Pacific, North America, Latin America, the Middle East, Europe, and Africa. It offers insights into distinct regional targets, strategies, and market values.

Key Questions Addressed:

The report addresses pivotal queries about the Electric Vehicle Supply Equipment market, including its characteristics, forecast period, competitive scenario, regional market shares, available opportunities, growth influencers, key players, market share distribution, forecasted CAGR, and upcoming trends.

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Principal Products/Services:

  • Market Share, Size, and Revenue Forecast | 2022-2029
  • Market Dynamics - Growth drivers, Restraints, Investment Opportunities, and Key Trends
  • Market Segmentation: Detailed analysis by Electric Vehicle Supply Equipment
  • Landscape - Leading key players and prominent entities in the market.

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About Maximize Market Research:

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