INDIA EV CHARGING OUTLETS VOLUME IS EXPECTED TO REACH 19,700 BY 2025 DRIVEN BY IMMENSE SUPPORT FROM THE CENTRAL AND LOCAL GOVERNMENTS TO CHANGE THE FACE OF AUTOMOTIVE SECTOR IN THE COUNTRY
India EV charging outlets market report published by UnivDatos Market Insights (UMI), forecasts the number of EV charging outlets in India to reach 19,700 by 2025 at a remarkable CAGR of 75.3% during the forecast period (2018-2025). Some of the major factors driving the market include: rising concerns over carbon emissions, growing production & sales of electric vehicles and substantial packages of supportive governmental policies. Besides this, partnerships between governmental bodies and Public Sector Undertakings (PSUs) are also considered to be a major driver for the overall adoption of EV, in turning up EV charging infrastructure market in India. For instance, in April 2017, a memorandum of understanding was signed between BHEL and ISRO for making electric vehicles battery, wherein ISRO is providing R&D technology to BHEL for making efficient and low-cost lithium-ion battery used in electric vehicles. Similarly, in September 2018, Tata Power and Hindustan Petroleum Corporation Ltd (HPCL) entered into an agreement to install EV charging stations at HPCL retail outlets and several other locations across India.
Browse Complete Report with TOC – https://univdatos.com/report/indian-public-electric-vehicle-charging-outlets-market-insights-and-forecast-2018-2025
On the basis of time taken by the charger to charge an electric vehicle, the report segments the market into slow and fast chargers. Taking into consideration the cost-sensitivity of the Indian market, slow chargers are more in demand as compared to fast chargers. Their less price make them the most preferred chargers. These slow chargers can be level 1 or level 2 chargers. The levels of the chargers are determined based on the power and current level required for the charging unit. Among all these levels, level 2 charger dominated the Indian EV charging outlets market in 2017 and is expected to remain dominant over other chargers during the forecast period. The level 2 chargers are anticipated to show a remarkable CAGR of 75.2% during the forecast period (2018-2025).
In addition to this, electric vehicle chargers can be wireless or plug-in chargers. In India, the plug-in chargers dominated the market with 96.75% in 2017. However, the wireless chargers are steadily catching up the speed. The wireless chargers are expected to witness the highest CAGR of 97.5% during the forecast period. The report comprehensively covers central and local government policies, incentives, targets and plans that support the EV and EV charging outlets infrastructure in India. Besides this, state polices and plans are also covered for some of the major states within India. In-depth analysis across different business models along with the future opportunities for the foreign players in the Indian EV charging outlets market is provided in the report.
Browse Complete Global Electric Vehicle Charging Outlets Market Report with TOC – https://univdatos.com/report/global-electric-vehicle-charging-outlets-market-emphasis-on-deployment-type-charger-type-level-of-charging-and-mode-of-charging-insights-and-forecast-2018-2025
Key players operating in the Indian EV charging outlets infrastructure market includes ABB, ChargePoint Inc., Fortum OYJ, National Thermal Power Corporation (NTPC), Bharat Heavy Electricals Limited (BHEL), Hindustan Petroleum Corporation Limited (HPCL), Indian Oil Corporation Ltd (IOCL), Tata Power, Mahindra Electric and Delta Electronics. DISCOMs across India are also working with private players to establish better electric vehicle infrastructure within the country. In addition, players in the market are partnering with automotive OEMs, local and central governments and other equipment suppliers to strengthen their foothold in the rapidly growing Indian electric vehicle charging outlets market.
Market Insights by Charger Type
- Slow Charger
- Fast Charger
Market Insights by Level of Charging
- Level 1 Charger
- Level 2 Charger
- Level 3 Charger
Market Insights by Mode of Charging
- Plug-In Charger
- Wireless Charger
- ChargePoint Inc.
- Fortum OYJ
- National Thermal Power Corporation (NTPC)
- Bharat Heavy Electricals Limited (BHEL)
- Hindustan Petroleum Corporation Limited (HPCL)
- Indian Oil Corporation Ltd (IOCL)
- Tata Power
- Mahindra Electric
- Delta Electronics