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

Global 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)

$ 3500
$4900
$6860

Published: Nov-2018

Pages:196

Table:146

Figure:97

Report ID:UMAU18131

Electric vehicle charging outlet is the infrastructural element that provides energy for recharging the electric vehicle (EV). The installation of charging outlet is continuously growing and is expected to grow exponentially in the coming decade. Increasing sales of EV, government regulations on greenhouse gases, government incentives and tax rebates on charging outlet installations are attributed to be the major drivers for the market growth. At the global level, almost all the countries have their own futuristic models for electric vehicle and charging installations. Such optimistic view towards the market is anticipated to fuel the market in the coming years. However high cost associated with the equipment and its installation is enormously hampering the market growth of Electric vehicle charging outlet. The impact of this restraint is expected to be high during the forecast period (2018-2025). Meanwhile, countries such as India, Brazil, and South Korea among others, which are developing rapidly on the technological front, are anticipated to be the key growth areas in this industry.                                   

“Rise in support by the governmental bodies and the ease in usage of the public charging outlets are propelling the growth of the public electric vehicle charging outlets market”

Electric vehicle charging outlets market is segmented on the basis of deployment type i.e. public or private (home, commercial building, shopping malls, private parking spaces etc.) charging outlets. Among these two types of charging outlets, public charging outlets dominated the market in 2017 and is expected to maintain its dominance during the forecasted period. In the coming years, both the segments are anticipated to grow, however the public application is expected to growth at a higher pace than the private applications. Factors such as rise in support by the governmental bodies and the ease in usage of the public charging outlets are propelling the growth of the public electric vehicle charging outlets market. Based on efficiency of charging the Public and private charging outlets are bifurcated into slow and fast chargers. Low cost of the equipment and its installation are the primary factors behind the major share of slow chargers. However fast chargers take less time compared to slow chargers to completely charge the electric vehicle.

“Low installation and equipment cost of level 2 charger help them to gain more momentum compared to level 3 chargers in the market”

The market is further segmented based on the level of charging including Level 1 (0-120 Volt, 15 Amps), Level 2 (121-240 volts, 30 Amps), Level 3 (241 volts & above, 100 Amps). Level 1 and Level 2 chargers are slow chargers, wherein Level 3 are the DC fast chargers. Level 2 chargers dominated the market as these chargers are deployed in both home and public placed such as commercial building, shopping malls, private parking spaces etc. In addition, low cost of installing level 2 charger also help the market to gain more momentum compared to level 3 chargers. On the basis of mode of charging, the market is segmented into plug in and wireless chargers. In 2017, plug in chargers dominated to market with more than 90% share, followed by wireless. However, wireless chargers are expected to witness highest CAGR growth during the forecasted period.

“Owing to the tremendous sale of EVs in China, Asia Pacific held the largest share in electric vehicle charging outlets market”

Electric Vehicle Charging Outlets market is further segmented across several geographical regions to provide a better picture of the industry. This segment includes regions such as North America, Europe, Asia Pacific, and rest of the world. These regions are further analysed on the country level to understand the penetration of electric vehicle and charging infrastructure in the country. Owing to the tremendous sale of EVs in China, Asia Pacific held the largest share in electric vehicle charging outlets market. In addition, China is registered as the maximum revenue generator in 2017, the country also planned to deploy 5 million EVs on road by 2020. Hence the growing number of EVs in Asia Pacific is driving the market for charging outlets in the region.

Global EV Charging Outlets Market, by Region, 2018-25 (in Thousand)

Competitive Landscape-Top 10 Market Players


Some of the key players profiled in the global electric vehicle charging outlets market report are BYD Company Ltd, ChargePoint Inc., Eaton Corporation, EV BOX, Evgo, Fortum, General Electric Company, Schneider Electric SE, Tesla Inc. and The New Motion. 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:


  • Historical and forecasted 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 & region
  • 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 Global EV Charging Outlets Market can be customized to regional/country level or any other market segment. 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.

             
  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 Global Electric Vehicles (EV) Charging Outlets Market
      2.1.1 Main objective of the global EV charging outlets Market Study
  3 REGULATORY FRAMEWORK AND KEY DEVELOPMENT
    3.1 General Overview
      3.1.1 North America Key Development for EV & EV Charging Infrastructure
      3.1.2 European Key Development for EV & EV Charging Infrastructure
      3.1.3 Asia Pacific (APAC) Key Development for EV & EV Charging Infrastructure
      3.1.4 Rest of World (RoW) Key Development for EV & EV Charging Infrastructure
  4 INDUSTRY PERFORMANCE
  5 EXECUTIVE SUMMARY  
  6 MARKET OVERVIEW  
    6.1 Introduction  
    6.2 Market Dynamics
      6.2.1 Market Trend & Drivers
        6.2.1.1 Stringent Government Regulations to Reduce Carbon Emission
        6.2.1.2 Rise in Ownership of Electric Vehicles
        6.2.1.3 Increase in Governmental and Private Investments for EV Adoption
        6.2.1.4 Falling Price of Electric Vehicle batteries
      6.2.2 Market Challenges
        6.2.2.1 High Price of EVs Coupled With Availability Of Substitute
        6.2.2.2 High price of Outlet Hardware and its Installation
        6.2.2.3 Ambiguity in Charging Standards
      6.2.3 Market Opportunities
        6.2.3.1 Increasing Demand of EVs in Emerging Asian Countries
        6.2.3.2 Increased Government Initiatives to Electrify Transport Sector
        6.2.3.3 Growing Adoption of Solar EV Charging Stations
  7 KEY MARKET INDICATORS
    7.1 General Overview
      7.1.1 Demand and Supply Side Analysis
        7.1.1.1 Top Winning Strategies
          7.1.1.1.1 Top Product launches
          7.1.1.1.2 Top Business Expansions
          7.1.1.1.3 Top Investments
          7.1.1.1.4 Top Acquisition and Collaborations
      7.1.2 Value Chain Analysis
  8 PRICING ANALYSIS OF EV CHARGING OUTLETS
    8.1 General Overview
    8.2 Cost of Residential Chargers
    8.3 Cost of Public Chargers
      8.3.1 Public Slow (AC) Chargers
      8.3.2 Public Fast (DC) Chargers
    8.4 Other Costs  
    8.5 Regional Cost Analysis
      8.5.1 North America Costing Analysis of EV Charging Outlets
      8.5.2 Europe Costing Analysis of EV Charging Outlets
      8.5.3 Asia Pacific Costing Analysis of EV Charging Outlets
    8.6 Areas of Cost Reduction
  9 MARKET INSIGHTS BY DEPLOYMENT TYPE
    9.1 General Overview
      9.1.1 Public Charging Outlets
      9.1.2 Private Charging Outlets
  10 MARKET INSIGHTS BY CHARGER TYPE
    10.1 General Overview
      10.1.1 Slow Charging Outlets
      10.1.2 Fast Charging Outlets
  11 MARKET INSIGHTS BY LEVEL OF CHARGING
    11.1 General Overview
      11.1.1 Level 1 Charger
      11.1.2 Level 2 Chargers
      11.1.3 Level 3 Chargers
  12 MARKET INSIGHTS BY MODE OF CHARGING
    12.1 General Overview
      12.1.1 Plug-In Charging Outlets
      12.1.2 Wireless Charging Outlets
  13 MARKET INSIGHTS BY REGION
    13.1 General Overview
    13.2 North America EV Charging Outlets Market (2018-2025)
      13.2.1 GHG Emissions in North America by Country
      13.2.2 North America EV and Charging Outlets Count, (2014 & 2017)
      13.2.3 North America EV Charging Outlets Forecast by Volume (2018-25)
      13.2.4 North America EV Charging Outlets Market by Deployment Type
      13.2.5 North America EV charging Outlets Market by Charger Type
      13.2.6 North America EV charging Outlets Market by Level of Charging
      13.2.7 North America EV charging Outlets Market by Mode of Charging
      13.2.8 North America EV charging Outlets Market by Country
        13.2.8.1 The United States EV Charging Outlet Market
          13.2.8.1.1 The U.S. EV and Public EV Charging Outlets by Volume (2014-17)
          13.2.8.1.2 Government Programs & Initiatives for Public EV Charging Outlet
          13.2.8.1.3 EV Charging Outlets & Outlets in North-Eastern State of US
          13.2.8.1.4 The US Charging Outlets Forecast by Volume (2018-25)
        13.2.8.2 Canada EV Charging Outlet Market
          13.2.8.2.1 Canada EV and Public EV Charging Outlets Volume (2011-2017)
          13.2.8.2.2 Government Programs & Incentives for Public EV Charging Outlet
          13.2.8.2.3 Canada Charging Outlets Forecast, by Volume (2018-25)
        13.2.8.3 Rest of North America EV Charging Outlet Market
          13.2.8.3.1 Mexico EV and Public EV Charging Outlets by Volume (2014-2017)
          13.2.8.3.2 Government Programs and Initiatives for Public Charging Outlets
          13.2.8.3.3 Rest of NA Charging Outlets Forecast by Volume (2018-25)
    13.3 Europe EV Charging Outlet Market (2018-2025)
      13.3.1 Top Greenhouse Gas Emitters in Europe
      13.3.2 Government Programs and Initiatives for Public Charging Outlets
      13.3.3 Europe EV Charging Outlets Count by Volume (2014 & 2017)
      13.3.4 Europe Charging Outlets Forecast by Volume (2018-25)
      13.3.5 Europe EV charging Outlets Market by Deployment Type
      13.3.6 Europe EV Charging Outlet Count by Charger Type
      13.3.7 Europe EV Charging Outlet Count by Level of Charging
      13.3.8 Europe EV Charging Outlet Count by Mode of Charging
      13.3.9 Europe EV charging Outlets Market by Country
        13.3.9.1 France EV Charging Outlet Market
          13.3.9.1.1 France EV & Public EV Charging Outlets by Volume (2011-2017)
          13.3.9.1.2 Government Programs and Initiatives for Public Charging Outlets
          13.3.9.1.3 France Charging Outlets Forecast by Volume (2018-25)
        13.3.9.2 Germany EV Charging Outlet Market
          13.3.9.2.1 Germany EV Charging Outlets Count by Volume (2011-2017)
          13.3.9.2.2 Government Programs and Initiatives for Public Charging Outlets
          13.3.9.2.3 Germany Charging Outlets Forecast by Volume (2018-25)
        13.3.9.3 The Netherlands EV Charging Outlet Market
          13.3.9.3.1 The Netherlands EV & Public EV Charging Outlets Count (2011-17)
          13.3.9.3.2 Government Programs and Initiatives for Public Charging Outlets
          13.3.9.3.3 The Netherlands Charging Outlets Forecast by Volume (2018-25)
        13.3.9.4 Norway EV Charging Outlet Market
          13.3.9.4.1 Norway EV & Public EV Charging Outlets Count (2011-17)
          13.3.9.4.2 Government Programs and Initiatives for Public Charging Outlets
          13.3.9.4.3 Norway Charging Outlets Forecast by Volume (2018-25)
        13.3.9.5 Portugal EV Charging Outlet Market
          13.3.9.5.1 Portugal EV & Public EV Charging Outlets Count (2011-17)
          13.3.9.5.2 Government Programs and Initiatives for Public Charging Outlets
          13.3.9.5.3 Portugal Charging Outlets Forecast by Volume (2018-25)
        13.3.9.6 Sweden EV Charging Outlet Market
          13.3.9.6.1 Sweden EVs and Public EV Charging Outlets Count (2011-17)
          13.3.9.6.2 Government Programs and Initiatives
          13.3.9.6.3 Sweden Charging Outlets Forecast by Volume (2018-25)
        13.3.9.7 The United Kingdom EV Charging Outlet Market
          13.3.9.7.1 UK EV and Public EV Charging Outlets (2011-17)
          13.3.9.7.2 Government Programs and Initiatives for Public Charging Outlets
          13.3.9.7.3 The U.K. Charging Outlets Forecast by Volume (2018-25)
        13.3.9.8 Rest of Europe EV Charging Outlet Market
          13.3.9.8.1 Rest of Europe EV Charging Outlets Volume (2014-17)
          13.3.9.8.2 Government Programs and Initiatives for Public Charging Outlets
          13.3.9.8.3 Rest of Europe Charging Outlets Forecast by Volume (2018-25)
    13.4 Asia-Pacific (APAC) EV Charging Outlet Market (2018-2025)
      13.4.1 Top Greenhouse Gas Emitters in Asia Pacific
      13.4.2 Asia Pacific EVs and EV Charging Outlets Volume (2014 & 2017)
      13.4.3 Government Programs and Initiatives for Public Charging Outlets
      13.4.4 Asia-Pacific Charging Outlets Forecast by Volume (2018-25)
      13.4.5 APAC EV Charging Outlet Count by Deployment Type
      13.4.6 APAC EV Charging Outlet Count by Charger Type
      13.4.7 APAC EV Charging Outlet Count by Level of Charging
      13.4.8 APAC EV Charging Outlet Count by Mode of Charging
      13.4.9 APAC EV charging Outlets Market by Country
        13.4.9.1 China EV Charging Outlet Market
          13.4.9.1.1 China EV and Public EV Charging Outlets (2011-17)
          13.4.9.1.2 Leading Provinces with the Maximum EV Charging Outlets
          13.4.9.1.3 Chinese Total Investment in Zero Emission Vehicle Industry (2016)
          13.4.9.1.4 Government Programs and Initiatives for Public Charging Outlets
          13.4.9.1.5 China Charging Outlets Forecast by Volume (2018-25)
        13.4.9.2 Japan EV Charging Outlet Market
          13.4.9.2.1 Japan EV and Public EV Charging Outlets (2011-17)
          13.4.9.2.2 Government Programs and Initiatives for Public Charging Outlets
          13.4.9.2.3 Japan Charging Outlets Forecast by Volume (2018-25)
        13.4.9.3 India EV Charging Outlet Market
          13.4.9.3.1 India EV and Public EV Charging Outlets (2011-17)
          13.4.9.3.2 Government Programs and Initiatives for Public Charging Outlets
          13.4.9.3.3 India Charging Outlets Forecast by Volume (2018-25)
        13.4.9.4 South Korea EV Charging Outlet Market
          13.4.9.4.1 South Korea EVs and Public EV Charging Outlets (2011-17)
          13.4.9.4.2 Government Programs and Initiatives for Public Charging Outlets
          13.4.9.4.3 South Korea Charging Outlets Forecast by Volume (2018-25)
        13.4.9.5 Singapore EV Charging Outlet Market
          13.4.9.5.1 Singapore EV Charging Outlets Count (2014-17)
          13.4.9.5.2 Government Programs and Initiatives for Public Charging Outlets
          13.4.9.5.3 Singapore Charging Outlets Forecast by Volume (2018-25)
        13.4.9.6 Rest of APAC EV Charging Outlet Market
          13.4.9.6.1 Rest of APAC EV Charging Outlets Volume (2014-17)
          13.4.9.6.2 Government Programs and Initiatives for Public Charging Outlets
          13.4.9.6.3 Rest of APAC Charging Outlets Forecast by Volume (2018-25)
    13.5 Rest of World EV Charging Outlet Market (2018-2025)
      13.5.1 Rest of World EV Charging Outlets Volume (2014 & 2017)
      13.5.2 Government Programs and Initiatives for Public Charging Outlets
      13.5.3 Rest of World Charging Outlets Forecast by Volume (2018-25)
      13.5.4 Rest of World EV Charging Outlet Count by Deployment Type
      13.5.5 Rest of World EV Charging Outlet Count by Charger Type
      13.5.6 Rest of World EV Charging Outlet Count by Level of Charging
      13.5.7 Rest of World EV Charging Outlet Count by Mode of Charging
      13.5.8 Rest of World EV charging Outlets Market by Country
        13.5.8.1 The United Arab Emirates EV Charging Outlet Market
          13.5.8.1.1 Government Programs and Initiatives for Public Charging Outlets
          13.5.8.1.2 The UAE Charging Outlets Forecast by Volume (2018-25)
        13.5.8.2 Chile EV Charging Outlet Market
          13.5.8.2.1 Chile EVs and Public EV Charging Outlets (2011-17)
          13.5.8.2.2 Chile Charging Outlets Forecast by Volume (2018-25)
        13.5.8.3 South Africa EV Charging Outlet Market
          13.5.8.3.1 South Africa EVs and Public EV Charging Outlets (2011-17)
          13.5.8.3.2 Government Programs and Initiatives for Public Charging Outlets
          13.5.8.3.3 South Africa Charging Outlets Forecast by Volume (2018-25)
        13.5.8.4 Brazil EV Charging Outlet Market
          13.5.8.4.1 Brazil EVs and Public EV Charging Outlets (2011-17)
          13.5.8.4.2 Brazil Charging Outlets Forecast by Volume (2018-25)
        13.5.8.5 Other Countries EV Charging Outlet Market
          13.5.8.5.1 Other Countries EV Charging Outlets Volume (2014-17)
          13.5.8.5.2 Other Countries Charging Outlets Forecast by Volume (2018-25)
  14 COMPETITIVE SCENARIO
    14.1 Porter’s Five forces analysis
      14.1.1 Bargaining power of Buyer
      14.1.2 Bargaining power of Supplier
      14.1.3 Threat of new entrants
      14.1.4 Availability of Substitute
      14.1.5 Industry Rivalry
    14.2 Global EV Charging Outlets Market Share Analysis, 2017
  15 TOP COMPANY PROFILES
    15.1 BYD Company Limited
      15.1.1 Key Facts  
      15.1.2 Business Description
      15.1.3 Key Product/Services Offerings
      15.1.4 SWOT Analysis
      15.1.5 Key Financials
        15.1.5.1 Revenue Split
      15.1.6 Recent Developments
    15.2 ChargePoint, Inc.
      15.2.1 Key Facts  
      15.2.2 Business Description
      15.2.3 Key Product/Services Offerings
      15.2.4 SWOT Analysis
      15.2.5 Recent Developments
    15.3 Eaton Corporation
      15.3.1 Key Facts  
      15.3.2 Business Description
      15.3.3 Key Product/Services Offerings
      15.3.4 SWOT Analysis
      15.3.5 Key Financials
        15.3.5.1 Revenue Split
      15.3.6 Recent Developments
    15.4 EVBOX    
      15.4.1 Key Facts  
      15.4.2 Business Description
      15.4.3 Key Product/Services Offerings
      15.4.4 SWOT Analysis
      15.4.5 Recent Developments
    15.5 EVgo      
      15.5.1 Key Facts  
      15.5.2 Business Description
      15.5.3 Key Product/Services Offerings
      15.5.4 SWOT Analysis
      15.5.5 Recent Developments
    15.6 Fortum OYJ  
      15.6.1 Key Facts  
      15.6.2 Business Description
      15.6.3 Key Product/Services Offerings
      15.6.4 SWOT Analysis
      15.6.5 Key Financials
        15.6.5.1 Revenue Split
      15.6.6 Recent Developments
    15.7 General Electric Company
      15.7.1 Key Facts  
      15.7.2 Business Description
      15.7.3 Key Product/Services Offerings
      15.7.4 SWOT Analysis
      15.7.5 Key Financials
        15.7.5.1 Revenue Split
      15.7.6 Recent Developments
    15.8 Schneider Electric S.E.
      15.8.1 Key Facts  
      15.8.2 Business Description
      15.8.3 Key Product/Services Offerings
      15.8.4 SWOT Analysis
      15.8.5 Key Financials
        15.8.5.1 Revenue Split
      15.8.6 Recent Developments
    15.9 Tesla Inc.    
      15.9.1 Key Facts  
      15.9.2 Business Description
      15.9.3 Key Product/Services Offerings
      15.9.4 SWOT Analysis
      15.9.5 Key Financials
        15.9.5.1 Revenue Split
      15.9.6 Recent Developments
    15.1 The New Motion B.V.
      15.10.1 Key Facts  
      15.10.2 Business Description
      15.10.3 Key Product/Services Offerings
      15.10.4 SWOT Analysis
      15.10.5 Recent Developments

Research Methodology for Global 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 global 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 global 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 global 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 global 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 region/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 global 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 global 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 regions
  • Analyse the current and forecast market volume of EV charging outlets, in terms of units for regions including North America, Europe, Asia Pacific (APAC) and rest of world 
  • 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 Global 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 global 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 global 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 global 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 global 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 region/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 global 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 global 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 regions
  • Analyse the current and forecast market volume of EV charging outlets, in terms of units for regions including North America, Europe, Asia Pacific (APAC) and rest of world 
  • 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

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