Asia Pacific Electric Vehicle Charging Outlets Market: Insights and Forecast (2019-2025)

$3999$7577

Emphasis on Deployment Type (Public & Private Chargers), Charger Type (Slow & Fast Chargers), Level of Charging (Level 1, Level 2 & Level 3 Chargers) and Mode of Charging (Plug-in & Wireless Chargers)

Published:

Nov-2018

Pages:

130

Table:

78

Figure:

66

Report ID:

UMAU18132

Geography:

Clear
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Report Description
Table of content
Research Methodology

Report Description

In Asia Pacific region, new vehicle registrations considerably increased by 1.5% in 2017 as compared to 2016. This led to immense carbon content in the atmosphere, owing to which the voice for the adoption of zero-emission vehicles increased within the region. This has led to the increasing adoption of the electric vehicle in countries such as India, Singapore, Thailand and other. China dominates the market for electric vehicle market with wide adoption for reducing CO2 emission from transportation, China also plans to increase its adoption rate more than any country globally. In APAC, almost all the countries have their own futuristic models for electric vehicle and charging installations. Besides this, a substantial package of governmental policies, incentives and investments are also among the major factors driving EV charging outlets market in the Asia-Pacific region. However high cost associated with the equipment and its installation is enormously hampering the market growth of EV charging outlets, especially in the developing countries such as India among others. The trend is expected to be high during the forecast period (2018-2025). However, a country such as India is anticipated to provide great growth opportunities for the electric vehicle companies, in-turn to the EV charging infrastructure suppliers.

Substantial package of governmental policies, incentives and investments are also among the major factors driving EV charging outlets market in the Asia-Pacific region.”

China Is Developing New GB/T Fast Charging Standard At 900 kW. According to the State Grid Corporation of China’s (SGCC) presentation, China is developing a new version of GB/T fast charging standard. Currently, GB/T was offering only 237.5 kW at 950 V and 250 A so this will be nearly four times more capable in terms of output. Power will be more than twice as high as the new 400 kW CHAdeMO and 350 kW CCS Combo specs too.

Specification and Comparison of New GB/T Fast Charging Standard with other DC Fast charging Standards

Asia-Pacific EV charging outlets market is segmented on the basis of deployment type (public or private). Private charging outlets are major installed at home, commercial building, shopping malls, and private parking spaces among others. Private charging outlets dominated the Asia-Pacific EV charging outlets deployment type market in 2017, due to the high ownership of EVs and lack of publically accessible EV charging outlets. However, the rise in support by the governmental bodies is propelling the growth of the public EV charging outlets market. The charging outlets are further segregated as fast and slow chargers, among which slow EV chargers dominate the market and is expected to maintain its dominance during the forecasted period.

Based on the level of charging the EV charging outlets market is bifurcated into level 1, level 2 and level 3. Typically, Level 1 and Level 2 chargers are slow chargers, whereas Level 3 is the DC fast chargers. Level 1 and Level 2 chargers take more charging time compared to level 3 chargers. Level 2 chargers dominated the market as these chargers are deployed in both private and public locations and also are cheaper than level 3 chargers. On the basis of mode of charging, the market is segmented into plugin and wireless chargers. In 2017, plug-in chargers dominated to market, followed by wireless.

“India, Singapore among others are gaining wide adoption of electric vehicle, owing to increased government initiatives and participation of private companies operating in the industry”

Furthermore, for the better understanding of the adoption rate of EV and charging outlets the Asia-Pacific EV charging outlets market is studied for countries including China, Japan, India, South Korea, Singapore, and Rest of APAC. China dominated global and Asia-Pacific EV charging outlets market in 2017 and is anticipated to remain the top market for EV and EV charging outlets market during the forecasted period. However, countries such as India, Singapore among others are gaining wide adoption of electric vehicle, owing to increased government initiatives and participation of private companies operating in the industry.

Competitive Landscape-Top 10 Market Players


China is the largest market for the electric vehicle, most of the global companies are investing heavily to cater to the growing demand for electric vehicle and charging infrastructure. Some of the key players profiled in the Asia-Pacific EV charging outlets market are BYD company Ltd, ChargePoint Inc., Eaton Corp., EVBox, Fortum OYJ, General Electric Company, Schneider Electric S.E., Shanghai Potevio Co., Ltd. (Potevio), Tesla Inc. and TGOOD (Qingdao TGOOD Electric Co., Ltd). These players are adopting several market strategies, such as merger, acquisition, and collaboration, among others to strengthen their foothold in the industry.

Reasons to buy this Report:


  • Historical and forecasted market volume validated through primary and secondary sources
  • In-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, SWOT analysis, and recent developments
  • Examination on drivers, restraints, key trends and opportunities prevailing in the industry.
  • Regulatory scenario, programs, investments and initiatives for EV charging outlets present in different countries
  • Examination of industry attractiveness  with the help of Porter’s Five Forces analysis
  • Comprehensive coverage of the market across different market segments
  • Deep dive country-level analysis of the industry

Customization Options:


The Asia-Pacific EV Charging Outlets Market can be customized to any other country as per the requirement but would depend on data availability on secondary and primary sources. Besides this, UMI understands that you may have your own business need, please connect with our analyst, who will ensure you get a report that suits your needs and requirement.

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  1.1Market Definition
  1.2Objective of the Study
  1.3Limitation  
  1.4Stakeholders 
  1.5Currency used in the Report

 

  2.1Research Methodology for Asia Pacific Electric Vehicles (EV) Charging Outlets Market
  2.1.1Main objective of the Asia-Pacific EV Charging Outlets Market Study

 

  5.1Introduction 
  5.2Market Dynamics
   5.2.1Market Trend & Drivers
    5.2.1.1Stringent Government Regulations to Reduce Carbon Emission
    5.2.1.2Rise in Ownership of Electric Vehicles
    5.2.1.3Increase in Governmental and Private Investments for EV Adoption
    5.2.1.4Falling Price of Electric Vehicle batteries
   5.2.2Market Challenges
    5.2.2.1High Price of EVs Coupled With Availability Of Substitute
    5.2.2.2High price of Outlet Hardware and its Installation
    5.2.2.3Ambiguity in Charging Standards
   5.2.3Market Opportunities
    5.2.3.1Increasing Demand of EVs in Emerging Asian Countries
    5.2.3.2Increased Government Initiatives to Electrify Transport Sector
    5.2.3.3Growing Adoption of Solar EV Charging Stations

 

  6.1General Overview
   6.1.1Demand and Supply Side Analysis
    6.1.1.1Top Winning Strategies
     6.1.1.1.1Top Product launches
     6.1.1.1.2Top Business Expansions
     6.1.1.1.3Top Investments
     6.1.1.1.4Top Acquisition and Collaborations
   6.1.2Value Chain Analysis
  7.1General Overview
  7.2Cost of Residential Chargers
  7.3Cost of Public Chargers
   7.3.1Public Slow (AC) Chargers
   7.3.2Public Fast (DC) Chargers
  7.4Other Costs 
  7.5Areas of Cost Reduction

 

  8.1General Overview
   8.1.1Public Charging Outlets
   8.1.2Private Charging Outlets

 

  9.1General Overview
   9.1.1Slow Charging Outlets
   9.1.2Fast Charging Outlets

 

  10.1General Overview
   10.1.1Level 1 Charger
   10.1.2Level 2 Chargers
   10.1.3Level 3 Chargers

 

  11.1General Overview
   11.1.1Plug-In Charging Outlets
   11.1.2Wireless Charging Outlets

 

  12.1General Overview
   12.1.1Top Greenhouse Gas Emitters in Asia Pacific
   12.1.2Asia Pacific EVs and EV Charging Outlets Volume (2014 & 2017)
   12.1.3APAC EV charging Outlets Market by Country
    12.1.3.1China EV Charging Outlet Market
     12.1.3.1.1China EV and Public EV Charging Outlets (2011-17)
     12.1.3.1.2Leading Provinces with Maximum EV Charging Outlets
     12.1.3.1.3Chinese Total Investment in Zero Emission Vehicle Industry (2016)
     12.1.3.1.4Government Programs and Initiatives for Public Charging Outlets
     12.1.3.1.5Other Policies and Incentives
     12.1.3.1.6China Charging Outlets Forecast by Volume (2018-25)
     12.1.3.1.7Recent Developments in China
    12.1.3.2Japan EV Charging Outlet Market
     12.1.3.2.1Japan EV and Public EV Charging Outlets (2011-17)
     12.1.3.2.2Government Programs and Initiatives for Public Charging Outlets
     12.1.3.2.3Installation base of CHAdeMO chargers in Japan, 2018 (in Units)
     12.1.3.2.4Japan Charging Outlets Forecast by Volume (2018-25)
    12.1.3.3India EV Charging Outlet Market
     12.1.3.3.1India EV and Public EV Charging Outlets (2011-17)
     12.1.3.3.2Government Programs and Initiatives for Public Charging Outlets
     12.1.3.3.3EV Chargers Industry Structure in India
     12.1.3.3.4Indian EV Chargers Market Characteristics and Business Models
     12.1.3.3.5India Charging Outlets Forecast by Volume (2018-25)
    12.1.3.4South Korea EV Charging Outlet Market
     12.1.3.4.1Market Structure of South Korean EV Charging Infrastructure
     12.1.3.4.2South Korea EVs and Public EV Charging Outlets (2011-17)
     12.1.3.4.3Government Programs and Initiatives for Public Charging Outlets
     12.1.3.4.4South Korea Charging Outlets Forecast by Volume (2018-25)
    12.1.3.5Singapore EV Charging Outlet Market
     12.1.3.5.1Singapore EV Charging Outlets Count (2014-17)
     12.1.3.5.2Government Programs and Initiatives for Public Charging Outlets
     12.1.3.5.3Market Structure of Singapore EV Charging Infrastructure
     12.1.3.5.4Singapore Charging Outlets Forecast by Volume (2018-25)
    12.1.3.6Rest of APAC EV Charging Outlet Market
     12.1.3.6.1Rest of APAC EV Charging Outlets Volume (2014-17)
     12.1.3.6.2Government Programs and Initiatives for Public Charging Outlets
     12.1.3.6.3Rest of APAC Charging Outlets Forecast by Volume (2018-25)

 

  13.1Porter’s Five forces analysis
   13.1.1Bargaining power of Buyer
   13.1.2Bargaining power of Supplier
   13.1.3Threat of new entrants
   13.1.4Availability of Substitute
   13.1.5Industry Rivalry
  13.2China EV Charging Outlets Market Share Analysis, 2017

 

  14.1BYD Company Limited
   14.1.1Key Facts 
   14.1.2Business Description
   14.1.3Key Product/Services Offerings
   14.1.4SWOT Analysis
   14.1.5Key Financials
    14.1.5.1Revenue Split
   14.1.6Recent Developments
  14.2ChargePoint, Inc.
   14.2.1Key Facts 
   14.2.2Business Description
   14.2.3Key Product/Services Offerings
   14.2.4SWOT Analysis
   14.2.5Recent Developments
  14.3Eaton Corporation
   14.3.1Key Facts 
   14.3.2Business Description
   14.3.3Key Product/Services Offerings
   14.3.4SWOT Analysis
   14.3.5Key Financials
    14.3.5.1Revenue Split
   14.3.6Recent Developments
  14.4EVBOX  
   14.4.1Key Facts 
   14.4.2Business Description
   14.4.3Key Product/Services Offerings
   14.4.4SWOT Analysis
   14.4.5Recent Developments
  14.5Fortum OYJ 
   14.5.1Key Facts 
   14.5.2Business Description
   14.5.3Key Product/Services Offerings
   14.5.4SWOT Analysis
   14.5.5Key Financials
    14.5.5.1Revenue Split
   14.5.6Recent Developments
  14.6General Electric Company
   14.6.1Key Facts 
   14.6.2Business Description
   14.6.3Key Product/Services Offerings
   14.6.4SWOT Analysis
   14.6.5Key Financials
    14.6.5.1Revenue Split
   14.6.6Recent Developments
  14.7Schneider Electric S.E.
   14.7.1Key Facts 
   14.7.2Business Description
   14.7.3Key Product/Services Offerings
   14.7.4SWOT Analysis
   14.7.5Key Financials
    14.7.5.1Revenue Split
   14.7.6Recent Developments
  14.8Shanghai Potevio Co., Ltd. (Potevio)
   14.8.1Key Facts 
   14.8.2Business Description
   14.8.3Key Product/Services Offerings
   14.8.4Key Financials
    14.8.4.1Revenue Split
   14.8.5Recent Developments
  14.9Tesla Inc.  
   14.9.1Key Facts 
   14.9.2Business Description
   14.9.3Key Product/Services Offerings
   14.9.4SWOT Analysis
   14.9.5Key Financials
    14.9.5.1Revenue Split
   14.9.6Recent Developments
  14.1Qingdao TGOOD Electric Co., Ltd. (TGOOD)
   14.10.1Key Facts 
   14.10.2Business Description
   14.10.3Key Product/Services Offerings
   14.10.4Key Financials
    14.10.4.1Revenue Split
   14.10.5Recent Developments

Research Methodology

Analysing historical market, estimation of the current market and forecasting the future market for EV charging outlets were the three major steps to analyse the overall adoption rate of EV charging outlets in Asia Pacific market. Exhaustive secondary research was done to collect the historical market of the industry and overall estimation of the current market. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were conducted with industry experts across the value chain of the Asia Pacific EV charging outlets industry. After all the assumption, market engineering and validation of market numbers through primary interviews, top-down approach was employed to forecast the complete market volume of EV charging outlets market at regional scale. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyse the market volume of segments and sub-segments of the market. Detailed research methodology is explained below:

Analysis of Historical Market volume

Step 1: In-Depth Study of Secondary Sources:


Detail secondary study was conducted to obtain the historical market volume of the Asia Pacific EV charging outlets market through company internal sources such as annual report & financial statements of top players, performance presentations, press releases, inventory records, sales figures etc. and external sources including trade journals, news & articles, government publications, economic data, competitor publications, sector reports, regulatory bodies publications, safety standard organizations, third-party database and other creditable publications.

Step 2: Market Segmentation:


After obtaining historical market volume of the overall market, detailed secondary analysis was done to gather historical market insights and share for different segments & sub-segments for the EV charging outlets. Major segments included in the report are deployment type, charger type, level of charging and mode of charging.

Step 3: Factor Analysis:


After acquiring the historical market volume of different segments and sub-segments, detailed factor analysis was conducted to estimate the current market volume of the EV charging outlets. Factor analysis was conducted using dependent and independent variable such as purchasing power, government initiatives, penetration of electric vehicles, rebates and subsidies while purchasing EV charging outlet. Historical trends of the EV charging outlets and their year-on-year impact on the market volume and share in the recent past were analyzed. Demand and supply side scenario was also thoroughly studied.

Current Market volume Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at current market volume, key players in market, market share of these players, industry’s supply chain, and value chain of the industry. All the required percentage shares, splits, and market breakdowns were determined using the above mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weightage was assigned to different factors including market dynamics such as drivers & trends, restraints, and opportunities. After analyzing these factors, relevant forecasting techniques i.e. Bottom-up/Top-down was applied to arrive at the market forecast pertaining to 2025 for different segment in different country. The research methodology adopted to estimate the market volume encompasses:

  • The industry’s market volume and rate of deployment of EV charging outlets
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players across different charger type and markets as well as market share of each player. Also the growth strategies adopted by these players to compete in the rapidly growing Asia Pacific EV charging outlets market

Market volume and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head etc.). Primary research findings were summarized and statistical analysis was performed to prove the stated hypothesis. Input from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants

Market Engineering

Data triangulation technique was employed to complete the overall market engineering process and to arrive at precise statistical numbers of each segment and sub-segment pertaining to the EV charging outlets market. Data was split into several segments & sub-segments post studying several parameters and trends.

Main objective of the Asia Pacific EV charging outlets Market Study

The current & future market trends of the EV charging outlets are pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends would determine the overall attractiveness of the market, providing a platform for the industrial participant to exploit the untapped market to benefit as first mover advantage. Other quantitative goal of the studies includes:

  • Analyse the current and forecast market volume of EV charging outlets in terms of number of units
  • Analyse the current and forecast market volume of different segments and sub-segments of EV charging outlets. Segments  in the study include deployment type, charger type, level of charging and mode of charging
  • Define and describe the technologies and protocols used in EV charging Outlets and Electric vehicle
  • Anticipate potential risk present within the industry
  • Customer and competitor analysis, etc.
  • Define and analysis of the government regulations for EV charging outlets in different countries
  • Analyse the current and forecast market volume of EV charging outlets, in terms of units for different countries
  • Define and analyse the competitive landscape of the EV charging outlets and the growth strategies adopted by the market players to sustain in the rapidly growing market