Europe Electric Vehicle Charging Outlets Market: Insights and Forecast, 2018-2024

Europe Electric Vehicle Charging Outlets Market: Insights and Forecast, 2018-2024

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) and Country

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Published: Feb-2019

Pages:127

Table:98

Figure:57

Report ID:UMAU19134

The adoption of electric mobility in Europe has considerably increased over the past few years. In Europe, Norway and the Netherlands showed impressive uptake in the number of EV and charging outlets. Substantial packages of government policies, incentives & subsidies to support the electric vehicle industry, huge investments by government & automakers, rising ownership of electric vehicle and falling price of EV batteries are attributed to be the major factors behind the growing market of electric vehicle that, in turn, affect EV charging outlets market in Europe. However, the high cost of EVs & charging equipment and ambiguity regarding the connectors of the chargers are hampering the market at present. On the other hand, growing adoption of solar EV charging stations and an anticipated growth in battery swapping are expected to provide wide opportunities for the companies operating in the EV charging outlets infrastructure market in the European region. European EV charging outlets market is expected to show a notable CAGR of 22% during the forecast period (2018-2025).

“Solar EV charging stations and an anticipated growth in battery swapping are expected to provide wide opportunities for the companies operating in the EV charging outlets infrastructure market”

Electric Vehicle chargers can be deployed at public and private (residential buildings, workplaces and commercial spaces such as shopping malls, government building among others) locations. Installation base of EV charging outlets at public and private locations are expected to bolster in the coming years. This is due to the increase in sales of electric vehicles, governmental support through subsidies, tax rebates and incentives.  Furthermore, EV charging outlets are classified into slow and fast chargers based on the charging time needed to charge any fully depleted EV battery.

“Slow chargers dominated the market in 2017 and are expected to remain dominant during the forecast period, owing to its lower cost as compared to fast chargers”

In addition to this, based on the power and current required by the charging equipment, the European electric vehicle charging outlets market is segmented into level 1, level 2 and level 3 chargers. Level 1 and Level 2 chargers are categorized as slow chargers, while level 3 chargers are considered as the EV fast chargers. The charging time taken by the level 1 and level 2 chargers is much higher as compared to that of level 3 chargers. However, owing to low price compared to level 3 charger and fast charging capability compared to level 1 chargers, Level 2 chargers are the most preferred chargers deployed at public places across Europe. On the basis of mode of charging, the market is segmented into plug in and wireless chargers. In 2017, plug-in chargers dominated the market. However, wireless chargers are expected to witness highest CAGR growth during the forecast period, owing to ongoing government initiative to increase the adoption of wireless chargers.

“Owing to low price compared to level 3 charger and fast charging capability compared to level 1 chargers, Level 2 chargers are the most preferred chargers deployed at public places across Europe”

Across different countries in Europe, the Netherlands dominated the market in 2017. On the other side, the rapidly growing EV industry in Germany is expected to bolster the demand of EV charging outlets in the country. Hence, Germany is anticipated to witness the highest CAGR of 25.3% during the forecast period.

Competitive Landscape-Top 10 Market Players


Some of the major players operating in the European EV charging outlets market includes Siemens AG, ChargePoint Inc., Robert Bosch GmbH, EVBox, ABB Limited, Fortum OYJ, Continental AG, Schneider Electric SE, Tesla Inc. and The New Motion BV. These companies are entering into several strategies partnerships, merger-acquisitions, joint-ventures, product launches and business expansions to strengthen their position in the EV charging outlets market in Europe. In addition, Power utilities, tech start-ups and oil majors are all fighting to establish themselves as the dominant players in the fast-growing business in Europe. For the same, EDF announced its plan to target a 30% market share in electric vehicle charging in France, Belgium, Italy and the United Kingdom, aiming to supply power for 600,000 electric vehicles by 2022.

Reasons to buy this report:


  • Historical and forecast market volume validated through primary and secondary sources
  • In-depth analysis of prominent industry peers with 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 in Europe
  • Comprehensive coverage of the market across different market segments

Customization Options:


Europe EV charging outlets market report can be customized to country level or across any other market segmentation. Besides this, UMI understands that you may have your own business need.  Please connect with us to get a report that completely suits your requirements.

             
  1 MARKET INTRODUCTION
    1.1 Market Definition
    1.2 Objective of the Study
    1.3 Limitation    
    1.4 Stakeholders  
    1.5 Currency used in the Report
  2 RESEARCH METHODOLOGY OR ASSUMPTION
    2.1 Research Methodology for Europe Electric Vehicles (EV) Charging Outlets Market
      2.1.1 Main objective of the Europe EV Charging Outlets Market Study
  3 INDUSTRY PERFORMANCE
  4 EXECUTIVE SUMMARY  
  5 MARKET OVERVIEW  
    5.1 Introduction  
    5.2 Market Dynamics
      5.2.1 Market Trend & Drivers
        5.2.1.1 Growing Concerns over Increase in Carbon Emissions
        5.2.1.2 Rise in Ownership of Electric Vehicles
        5.2.1.3 Huge Investments by Government and Automakers in EV Industry
        5.2.1.4 Substantial Packages of Government Policies, Incentives and Subsidies to Support the EV industry
        5.2.1.5 Falling Price of Electric Vehicle batteries
      5.2.2 Market Challenges
        5.2.2.1 High Price of EVs Coupled With Availability Of Substitute
        5.2.2.2 High price of Outlet Hardware and its Installation
        5.2.2.3 Ambiguity in Charging Standards
      5.2.3 Market Opportunities
        5.2.3.1 Increased Government Initiatives to Electrify Transport Sector
        5.2.3.2 Expected Growth in Battery Swapping
        5.2.3.3 Growing Adoption of Solar EV Charging Stations
  6 KEY MARKET INDICATORS
    6.1 General Overview
      6.1.1 Demand and Supply Side Analysis
        6.1.1.1 Top Winning Strategies
      6.1.2 Value Chain Analysis
  7 PRICING ANALYSIS OF EV CHARGING OUTLETS
    7.1 General Overview
    7.2 Cost of Residential Chargers
    7.3 Cost of Public Chargers
      7.3.1 Public Slow (AC) Chargers
      7.3.2 Public Fast (DC) Chargers
    7.4 Other Costs  
    7.5 Europe Costing Analysis of EV Charging Outlets
    7.6 Areas of Cost Reduction
  8 MARKET INSIGHTS BY DEPLOYMENT TYPE
    8.1 General Overview
      8.1.1 Public Charging Outlets
      8.1.2 Private Charging Outlets
  9 MARKET INSIGHTS BY CHARGER TYPE
    9.1 General Overview
      9.1.1 Slow Charging Outlets
      9.1.2 Fast Charging Outlets
  10 MARKET INSIGHTS BY LEVEL OF CHARGING
    10.1 General Overview
      10.1.1 Level 1 Charger
      10.1.2 Level 2 Chargers
      10.1.3 Level 3 Chargers
  11 MARKET INSIGHTS BY MODE OF CHARGING
    11.1 General Overview
      11.1.1 Plug-In Charging Outlets
      11.1.2 Wireless Charging Outlets
  12 MARKET INSIGHTS BY COUNTRY
    12.1 General Overview
      12.1.1 Top Greenhouse Gas Emitters in Europe
      12.1.2 Government Programs and Initiatives for Public Charging Outlets
      12.1.3 Europe EV Charging Outlets Count by Volume (2014 & 2017)
      12.1.4 Europe EV charging Outlets Market by Country
        12.1.4.1 France EV Charging Outlet Market
          12.1.4.1.1 France EV & Public EV Charging Outlets by Volume (2011-2017)
          12.1.4.1.2 Government Programs and Initiatives for Public Charging Outlets
          12.1.4.1.2.1 Direct Consumer Incentives
          12.1.4.1.2.2 Policies on Charging Infrastructure
          12.1.4.1.2.3 Complementary Policies
          12.1.4.1.3 France Charging Outlets Forecast by Volume (2018-25)
        12.1.4.2 Germany EV Charging Outlet Market
          12.1.4.2.1 Germany EV Charging Outlets Count by Volume (2011-2017)
          12.1.4.2.2 Government Programs and Initiatives for Public Charging Outlets
          12.1.4.2.2.1 Direct consumer incentives
          12.1.4.2.2.2 Policies on Charging Infrastructure
          12.1.4.2.2.3 Local Incentives
          12.1.4.2.3 Germany Charging Outlets Forecast by Volume (2018-25)
        12.1.4.3 The Netherlands EV Charging Outlet Market
          12.1.4.3.1 The Netherlands EV & Public EV Charging Outlets Count (2011-17)
          12.1.4.3.2 Government Programs and Initiatives for Public Charging Outlets
          12.1.4.3.2.1 Direct Consumer Incentives
          12.1.4.3.2.2 Policies on Charging Infrastructure
          12.1.4.3.2.3 Complementary Policies
          12.1.4.3.3 Netherlands Charging Outlets Forecast by Volume (2018-25)
        12.1.4.4 Norway EV Charging Outlet Market
          12.1.4.4.1 Norway EV & Public EV Charging Outlets Count (2011-17)
          12.1.4.4.2 Government Programs and Initiatives for Public Charging Outlets
          12.1.4.4.2.1 Incentives on Purchase of Electric Car, 2017
          12.1.4.4.2.2 Direct Consumer Incentives
          12.1.4.4.2.3 Policies on Charging Infrastructure
          12.1.4.4.2.4 Complementary Policies
          12.1.4.4.3 Norway Charging Outlets Forecast by Volume (2018-25)
        12.1.4.5 Portugal EV Charging Outlet Market
          12.1.4.5.1 Portugal EV & Public EV Charging Outlets Count (2011-17)
          12.1.4.5.2 Government Programs and Initiatives for Public Charging Outlets
          12.1.4.5.3 Portugal Charging Outlets Forecast by Volume (2018-25)
        12.1.4.6 Sweden EV Charging Outlet Market
          12.1.4.6.1 Sweden EVs and Public EV Charging Outlets Count (2011-17)
          12.1.4.6.2 Government Programs and Initiatives
          12.1.4.6.2.1 Incentives on Purchase of Electric Vehicle
          12.1.4.6.2.2 Influence of Vehicle Purchase Taxes on EV Market Structure in Sweden
          12.1.4.6.2.3 Electric Cars: Circulation on Tax Incentives
          12.1.4.6.3 Sweden Charging Outlets Forecast by Volume (2018-25)
        12.1.4.7 The United Kingdom EV Charging Outlet Market
          12.1.4.7.1 UK EV and Public EV Charging Outlets (2011-17)
          12.1.4.7.2 Government Programs and Initiatives for Public Charging Outlets
          12.1.4.7.2.1 Direct consumer incentives
          12.1.4.7.2.2 Policies on Charging Infrastructure
          12.1.4.7.2.3 Complementary Policies
          12.1.4.7.3 The U.K. Charging Outlets Forecast by Volume (2018-25)
        12.1.4.8 Rest of Europe EV Charging Outlet Market
          12.1.4.8.1 Government Programs and Initiatives for Public Charging Outlets
          12.1.4.8.2 Rest of Europe Charging Outlets Forecast by Volume (2018-25)
  13 COMPETITIVE SCENARIO
    13.1 Europe EV Charging Outlets Market Share Analysis, 2017
  14 TOP COMPANY PROFILES
    14.1 Siemens AG  
      14.1.1 Business Description
      14.1.2 Key Product/Services Offerings
      14.1.3 SWOT Analysis
      14.1.4 Key Financials
        14.1.4.1 Revenue Split
      14.1.5 Recent Developments
    14.2 ChargePoint, Inc.
      14.2.1 Key Facts  
      14.2.2 Business Description
      14.2.3 Key Product/Services Offerings
      14.2.4 SWOT Analysis
      14.2.5 Recent Developments
    14.3 Robert Bosch GmbH
      14.3.1 Key Facts  
      14.3.2 Business Description
      14.3.3 Key Product/Services Offerings
      14.3.4 Growth Strategy
      14.3.5 SWOT Analysis
      14.3.6 Key Financials
        14.3.6.1 Revenue Split
      14.3.7 Recent developments
    14.4 EVBOX    
      14.4.1 Key Facts  
      14.4.2 Business Description
      14.4.3 Key Product/Services Offerings
      14.4.4 SWOT Analysis
      14.4.5 Recent Developments
    14.5 ABB Limited  
      14.5.1 Key Facts  
      14.5.2 Business Description
      14.5.3 Key Product/Services Offerings
      14.5.4 SWOT Analysis
      14.5.5 Key Financials
        14.5.5.1 Revenue Split
      14.5.6 Recent Developments
    14.6 Fortum OYJ  
      14.6.1 Key Facts  
      14.6.2 Business Description
      14.6.3 Key Product/Services Offerings
      14.6.4 SWOT Analysis
      14.6.5 Key Financials
        14.6.5.1 Revenue Split
      14.6.6 Recent Developments
    14.7 Continental AG  
      14.7.1 Key Facts  
      14.7.2 Business Description
      14.7.3 Key Product/Services Offerings
      14.7.4 SWOT Analysis
      14.7.5 Key Financials
        14.7.5.1 Revenue Split
      14.7.6 Recent Developments
    14.8 Schneider Electric S.E.
      14.8.1 Key Facts  
      14.8.2 Business Description
      14.8.3 Key Product/Services Offerings
      14.8.4 SWOT Analysis
      14.8.5 Key Financials
        14.8.5.1 Revenue Split
      14.8.6 Recent Developments
    14.9 Tesla Inc.    
      14.9.1 Key Facts  
      14.9.2 Business Description
      14.9.3 Key Product/Services Offerings
      14.9.4 SWOT Analysis
      14.9.5 Key Financials
        14.9.5.1 Revenue Split
      14.9.6 Recent Developments
    14.1 The New Motion B.V.
      14.10.1 Key Facts  
      14.10.2 Business Description
      14.10.3 Key Product/Services Offerings
      14.10.4 SWOT Analysis
      14.10.5 Recent Developments

Research Methodology for Europe Electric Vehicles (EV) Charging Outlets Market

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 Europe 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 Europe 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 Europe 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 Europe 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 Europe 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

Research Methodology for Europe Electric Vehicles (EV) Charging Outlets Market

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 Europe 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 Europe 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 Europe 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 Europe 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 Europe 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

Europe Electric Vehicle Charging Outlets Market: Insights and Forecast, 2018-2024