India Public Electric Vehicle Charging Outlets Market: Current Analysis and Forecast (2018-2025)

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

Published:

Jan-2019

Pages:

86

Table:

42

Figure:

40

Report ID:

UMAU19133

Geography:

Clear
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Report Description
Table of content
Research Methodology

Report Description

Indian automotive industry is one of the promising market in the world, as the country ranks 5th largest vehicle producer globally. However, the growing automotive industry in India immensely increased the carbon content, owing to which the adoption of Zero Emission Vehicles (ZEVs) is increasing on a yearly basis, with government initiative propelling the overall demand. Witnessing the positive impacts of ZEVs, central government also issued a number of policies, initiatives and investment plans to promote the sales of electric vehicles within the country. These factors are anticipated to fuel the installation of EV charging outlets in India. However high cost associated with the equipment and its installation acts as the major challenge for the cost sensitive Indian market, which acts as one of the major challenging factor for the Indian electric vehicle market, in turn electric vehicle charging outlets infrastructure market in India. The impact of this restraint is expected to remain high during the forecast period (2018-2025). However, the increase in partnerships between equipment suppliers, utility providers, local and central government is expected to bolster India’s public electric vehicle charging outlets market in the coming years. Information related to private charger is not that explicitly available on secondary and primary domain hence the report contain number for public charging outlets installed in India.

“Level 2 chargers dominate the market owing to this lower cost than level 3 chargers and faster charging than level 1 chargers”

India public EV charging outlets market is segmented based on charging time an EV charging outlets takes, this includes slow and fast chargers. Slow chargers dominated the market in 2017 and is expected to remain dominant during the forecast period, owing to its lower cost as compared to fast chargers. The market is further segmented based on the level of charging including level 1, level 2 and level 3. These chargers differ in the electrical specifications and charging levels. Level 1 and Level 2 chargers also fall under the slow chargers while the level 3 chargers are the level 3 chargers. The charging time of level 1 and level 2 chargers is more than the level 3 chargers. At present, Level 2 chargers dominate the market owing to this lower cost than level 3 chargers and faster charging than level 1 chargers.

Indian Electric Vehicle Ecosystem

 

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, followed by wireless. However, wireless chargers are expected to witness highest CAGR growth during the forecasted period.

Competitive Landscape-Top 10 Market Players


Some of the major key players operating in the India public EV charging outlets market includes ABB, ChargePoint Inc., Fortum OYJ, National Thermal Power Corporation (NTPC), Bharat Heavy Electricals Limited (BHEL), Hindustan Petroleum Corporation Limited (HPCL), Indian Oil Corporation Ltd (IOCL), Tata Power, Mahindra Electric and Delta Electronics. These players are adopting several market strategies, such as merger, acquisition, and collaboration, among others to strengthen their foothold in the Indian EV 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 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 India for the foreign companies
  • Comprehensive coverage of the market across different market segments

Customization Options:


India public EV charging outlets market can be customized to regional level (Northern, Southern, Eastern and Western India). 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.

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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 India Public Electric Vehicles (EV) Charging Outlets Market
  2.1.1Main objective of the India EV charging outlets Market Study
  5.1Introduction
  5.1Market Dynamics
   5.1.1Market Trend & Drivers
    5.1.1.1Rising Concerns over Carbon Emissions
    5.1.1.2Growing Adoption of Electric Vehicles
    5.1.1.3Increase in Governmental Support
   5.1.2Market Challenges
    5.1.2.1High price of Outlet Hardware and its Installation
    5.1.2.2Lack of Standardization
   5.1.3Market Opportunities
    5.1.3.1Blooming Market of Lithium Ion Batteries
    5.1.3.2Growing Adoption of Solar EV Charging Stations
  6.1General Overview
   6.1.1Demand and Supply Side Analysis
   6.1.2Value Chain Analysis
  7.1General Overview
  7.2Estimated Cost and Revenue Model
   7.2.1The major factors behind the high installation cost of EV Charging outlets are as follows:
   7.2.2Areas of Cost Reduction
  8.1General Overview
   8.1.1Current Scenario of Indian Automotive industry
   8.1.2Carbon Emissions in India
   8.1.3India EV and Public EV Charging Outlets (2011-17)
   8.1.4Government Programs and Initiatives for EVs and EV Charging Outlets
   8.1.5Quick Pilot proposal on EV charging infrastructure
   8.1.6National Electric Mobility Mission Plan (NEMMP) 2020
   8.1.7Faster Adoption and Manufacturing of Hybrid and Electric vehicles (FAME)
   8.1.8NITI Aayog Plan
   8.1.9State-wise Policies and Development
    8.1.9.1Andhra Pradesh
    8.1.9.2Karnataka
    8.1.9.3Maharashtra
    8.1.9.4Telangana
    8.1.9.5Uttar Pradesh
   8.1.10Collaboration with Public Sector Undertakings (PSUs)
   8.1.11EV Chargers Industry Structure in India
    8.1.11.1Existing suppliers
    8.1.11.2Global EV Charger firms
    8.1.11.3Likely Indian firms in EV chargers
   8.1.12Indian EV Chargers Market Characteristics and Business Models
   8.1.13India Public Charging Outlets Forecast, by Volume (2018-25)
   8.1.14Battery Swapping in India
   8.1.15Business Model for Electric 3 Wheelers
   8.1.16Business Model for Electric Buses
   8.1.17Areas of Improvement for the Indian Government
   8.1.18Opportunities for Foreign Players in India
  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
  13.1ChargePoint, Inc.
   13.1.1Key Facts
   13.1.2Business Description
   13.1.3Key Product/Services Offerings
   13.1.4SWOT Analysis
   13.1.5Recent Development
  13.2Delta India Electronics Pvt. Ltd
   13.2.1Key Facts
   13.2.2Business Description
   13.2.3Key Product/Services Offerings
   13.2.4Recent Developments
  13.3EV Motors India Pvt Ltd
   13.3.1Key Facts
   13.3.2Business Description
   13.3.3Key Product/Services Offerings
   13.3.4Recent Developments
  13.4Fortum OYJ
   13.4.1Key Facts
   13.4.2Business Description
   13.4.3Key Product/Services Offerings
   13.4.4SWOT Analysis
   13.4.5Key Financials
   13.4.6Revenue Split
   13.4.7Recent Development
  13.5Bharat Heavy Electricals Limited (BHEL)
   13.5.1Key Facts
   13.5.2Business Description
   13.5.3Key Product/Services Offerings
   13.5.4SWOT Analysis
   13.5.5Key Financials
   13.5.6Revenue Split
   13.5.7Recent Developments
  13.6The Tata Power Company Limited(Tata Power)
   13.6.1Key Facts
   13.6.2Business Description
   13.6.3Key Product/Services Offerings
   13.6.4SWOT Analysis
   13.6.5Key Financials
   13.6.6Revenue Split
   13.6.7Recent Developments
  13.7Tesla Inc. 
   13.7.1Key Facts
   13.7.2Business Description
   13.7.3Key Product/Services Offerings
   13.7.4SWOT Analysis
   13.7.5Key Financials
   13.7.6Revenue Split
   13.7.7Recent Developments
  13.8National Thermal Power Corporation (NTPC)
   13.8.1Key Facts
   13.8.2Business Description
   13.8.3Key Product/Services Offerings
   13.8.4SWOT Analysis
   13.8.5Key Financials
   13.8.6Revenue Split
   13.8.7Recent Developments
  13.9Siemens AG
   13.9.1Key Facts
   13.9.2Business Description
   13.9.3Key Product/Services Offerings
   13.9.4SWOT Analysis
   13.9.5Key Financials
   13.9.6Revenue Split
   13.9.7Recent Developments
  13.1ABB Limited
   13.10.1Key Facts
   13.10.2Business Description
   13.10.3Key Product/Services Offerings
   13.10.4SWOT Analysis
   13.10.5Key Financials
   13.10.6Revenue Split
   13.10.7Recent Developments

Research Methodology

Research Methodology for India Public 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 public EV charging outlets in India 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 India 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 in India. 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 India 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 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 adoption 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 India 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 Country 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 India 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 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