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

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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

Published:

Feb-2019

Pages:

127

Table:

98

Figure:

57

Report ID:

UMAU19134

Geography:

Clear
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Report Description
Table of content
Research Methodology

Report Description

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.

1.1Market Definition
  1.2Objective of the Study
  1.3Limitation  
  1.4Stakeholders 
  1.5Currency used in the Report
2.1Research Methodology for Europe Electric Vehicles (EV) Charging Outlets Market
   2.1.1Main objective of the Europe EV Charging Outlets Market Study
5MARKET OVERVIEW 
  5.1Introduction 
  5.2Market Dynamics
   5.2.1Market Trend & Drivers
    5.2.1.1Growing Concerns over Increase in Carbon Emissions
    5.2.1.2Rise in Ownership of Electric Vehicles
    5.2.1.3Huge Investments by Government and Automakers in EV Industry
    5.2.1.4Substantial Packages of Government Policies, Incentives and Subsidies to Support the EV industry
    5.2.1.5Falling 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
    5.2.3.1Increased Government Initiatives to Electrify Transport Sector
    5.2.3.2Expected Growth in Battery Swapping
    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
   6.1.2Value 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 
  7.5Europe Costing Analysis of EV Charging Outlets
  7.6Areas 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
 11.1.North America Hydraulic Fracturing Market 
  11.1.1.United States
  11.1.2.Canada
  11.1.3.Rest of North America
 11.2.Europe Hydraulic Fracturing Market
  11.2.1.Germany
  11.2.2.United Kingdom
  11.2.3.Russia
  11.2.4.France
  11.2.5.Spain
  11.2.6.Rest of Europe
 11.3.Asia-Pacific Hydraulic Fracturing Market
  11.3.1.China
  11.3.2.Japan
  11.3.3.India
  11.3.4.Australia
  11.3.5.Rest of Asia-Pacific
 11.4.Middle East Africa Hydraulic Fracturing Market
  11.4.1.Saudi Arabia 
  11.4.2.Iraq
  11.4.3.UAE
  11.4.4.Kuwait
  11.4.5.Iran
  11.4.6.Rest of MEA
 11.5.Rest of the World

 

General Overview     
  11.1.1Plug-In Charging Outlets 
  11.1.2Wireless Charging Outlets 
12MARKET INSIGHTS BY COUNTRY  
 12.1General Overview   
  12.1.1Top Greenhouse Gas Emitters in Europe
  12.1.2Government Programs and Initiatives for Public Charging Outlets
  12.1.3Europe EV Charging Outlets Count by Volume (2014 & 2017)
  12.1.4Europe EV charging Outlets Market by Country
   12.1.4.1France EV Charging Outlet Market
    12.1.4.1.1France EV & Public EV Charging Outlets by Volume (2011-2017)
    12.1.4.1.2Government Programs and Initiatives for Public Charging Outlets
    12.1.4.1.2.1Direct Consumer Incentives
    12.1.4.1.2.2Policies on Charging Infrastructure
    12.1.4.1.2.3Complementary Policies
    12.1.4.1.3France Charging Outlets Forecast by Volume (2018-25)
   12.1.4.2Germany EV Charging Outlet Market
    12.1.4.2.1Germany EV Charging Outlets Count by Volume (2011-2017)
    12.1.4.2.2Government Programs and Initiatives for Public Charging Outlets
    12.1.4.2.2.1Direct consumer incentives
    12.1.4.2.2.2Policies on Charging Infrastructure
    12.1.4.2.2.3Local Incentives
    12.1.4.2.3Germany Charging Outlets Forecast by Volume (2018-25)
   12.1.4.3The Netherlands EV Charging Outlet Market
    12.1.4.3.1The Netherlands EV & Public EV Charging Outlets Count (2011-17)
    12.1.4.3.2Government Programs and Initiatives for Public Charging Outlets
    12.1.4.3.2.1Direct Consumer Incentives
    12.1.4.3.2.2Policies on Charging Infrastructure
    12.1.4.3.2.3Complementary Policies
    12.1.4.3.3Netherlands Charging Outlets Forecast by Volume (2018-25)
   12.1.4.4Norway EV Charging Outlet Market
    12.1.4.4.1Norway EV & Public EV Charging Outlets Count (2011-17)
    12.1.4.4.2Government Programs and Initiatives for Public Charging Outlets
    12.1.4.4.2.1Incentives on Purchase of Electric Car, 2017
    12.1.4.4.2.2Direct Consumer Incentives
    12.1.4.4.2.3Policies on Charging Infrastructure
    12.1.4.4.2.4Complementary Policies
    12.1.4.4.3Norway Charging Outlets Forecast by Volume (2018-25)
   12.1.4.5Portugal EV Charging Outlet Market
    12.1.4.5.1Portugal EV & Public EV Charging Outlets Count (2011-17)
    12.1.4.5.2Government Programs and Initiatives for Public Charging Outlets
    12.1.4.5.3Portugal Charging Outlets Forecast by Volume (2018-25)
   12.1.4.6Sweden EV Charging Outlet Market
    12.1.4.6.1Sweden EVs and Public EV Charging Outlets Count (2011-17)
    12.1.4.6.2Government Programs and Initiatives
    12.1.4.6.2.1Incentives on Purchase of Electric Vehicle
    12.1.4.6.2.2Influence of Vehicle Purchase Taxes on EV Market Structure in Sweden
    12.1.4.6.2.3Electric Cars: Circulation on Tax Incentives
    12.1.4.6.3Sweden Charging Outlets Forecast by Volume (2018-25)
   12.1.4.7The United Kingdom EV Charging Outlet Market
    12.1.4.7.1UK EV and Public EV Charging Outlets (2011-17)
    12.1.4.7.2Government Programs and Initiatives for Public Charging Outlets
    12.1.4.7.2.1Direct consumer incentives
    12.1.4.7.2.2Policies on Charging Infrastructure
    12.1.4.7.2.3Complementary Policies
    12.1.4.7.3The U.K. Charging Outlets Forecast by Volume (2018-25)
   12.1.4.8Rest of Europe EV Charging Outlet Market
    12.1.4.8.1Government Programs and Initiatives for Public Charging Outlets
    12.1.4.8.2Rest of Europe Charging Outlets Forecast by Volume (2018-25)

COMPETITIVE SCENARIO

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

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