Electric vehicles (EVs) is one of the fastest growing sub-segments of the automotive industry. Improved technology, customer inclination towards minimizing carbon footprints, and government policy incentives have been some of the key drivers contributing to the growth of the electric vehicle market over the past few years. Currently, the electric vehicle industry is undergoing a technological transformation with two-fold objectives of improving vehicle range and at the same time enhancing charging infrastructure.
Electric vehicles (EVs) is one of the fastest growing sub-segments of the automotive industry. Improved technology, customer inclination towards minimizing carbon footprints, and government policy incentives have been some of the key drivers contributing to the growth of the electric vehicle market over the past few years. Currently, the electric vehicle industry is undergoing a technological transformation with two-fold objectives of improving vehicle range and at the same time enhancing charging infrastructure. Electric vehicle automakers are increasingly investing in charging station infrastructure development in order to support their long-range battery electric vehicles.
The electric vehicle charging stations market is expected to reach a value of $103.6 billion by 2028, at a CAGR of 26.4% during the forecast period 2021-2028. By volume, this market is expected to grow at a CAGR of 31.1% from 2021 to reach 11.6 million units by 2028.
Here are the top 10 companies operating in this market–
Schneider Electric SE
Schneider Electric manufactures electrical power products. The company offers car chargers, home security goods, light switches, access control, sensors, valves, circuit breakers, cables, accessories, signaling devices, fuse, motor starters, and voltage transformers. The company operates in different businesses, such as Low Voltage Products and Systems (Building), Industrial Automation and Control (Industry), Medium Voltage Distribution and Grid Automation (Infrastructure), and Secure Power (IT). The company operates in the electric vehicle charging stations market through its Low Voltage Products and Systems operating segment.
With employees in more than 100 countries, the company has its geographic presence in Western Europe, North America, and Asia-Pacific. Some of the major subsidiaries of Schneider Electric are Luminous Power Technologies Pvt. Ltd (India), Invensys Ltd. (U.K.), SolveIT Software (Australia), and BEI Technologies (U.S.).
Siemens is an engineering and manufacturing company. The company focuses on areas of electrification, automation, and digitalization. Siemens also provides engineering solutions in automation and control, power, transportation, and medical diagnosis.
Among the many products offered by the company in the electric vehicle charging stations market, the SICHARGE UC product family provides a variety of electric vehicle interface options and offers broad power range from 100 kW to 800 kW. The SICHARGE UC product family provides solutions also for automated connection possibilities for opportunity charging via a mast-mounted Pantograph or via fix contact rails installed in the mast or roof-mounted Hood.
The company has its geographic presence in Europe, North America, Asia-Pacific, and the Middle East & Africa. Some of the major subsidiaries of Siemens are Adwen Blades GmbH (Germany), Adwen GmbH (Germany), Agilion GmbH (Germany), Flender GmbH (Germany), and HaCon Ingenieurgesellschaft mbH (Germany).
ABB is engaged in power and automation technologies. The company provides a range of products, systems, solutions, and services. ABB is a world leader in electric vehicle infrastructure, offering the full range of charging and electrification solutions for electric cars, electric and hybrid buses, as well as for ships and railways.
In the electric vehicle charging stations market, ABB offers total EV charging solutions from compact, high-quality AC wallboxes, reliable DC fast-charging stations with robust connectivity, to innovative on-demand electric bus charging systems. The company’s Ability connected chargers enable fast global service and pro-active maintenance.
It operates in approximately 100 countries across four regions—Europe, the Americas, Asia, and the Middle East and Africa (MEA).
Tesla designs, develops, manufactures, and sells high-performance fully electric vehicles, energy generation, and storage systems. The company owns sales and service network and sells electric powertrain components to other automobile manufacturers. Tesla operates through four business segments—Automotive Sales, Automotive Leasing, Services & Other, and Energy Generation & Storage. The company operates in the electric vehicle charging stations market through its Services & Other segment.
With employees in more than 30 countries, the company has its geographic presence in the US, China, the Netherlands, and Norway. Some of its major subsidiaries are SolarCity (U.S.), Tesla Grohmann Automation (Germany), and Maxwell Technologies (U.S.).
Eaton manufactures engineered products for the industrial, vehicle, construction, commercial, and aerospace markets. The company offers hydraulic products and fluid connectors, electrical power distribution and control equipment, truck drivetrain systems, engine components, and a wide variety of controls. The company operates through six business segments, namely, Electrical Products, Electrical Systems and Services, Hydraulics, Aerospace, Vehicle, and eMobility. The company operates in the electric vehicle charging stations market through its eMobility segment.
With employees in more than 59 countries, the company has its geographic presence in North America, Latin America, Europe, and Asia-Pacific. Some of its major subsidiaries are Eaton Aeroquip LLC (U.S.), Eaton Hydraulics Inc. (U.S.), Eaton Elektrotechnika (Czech Republic), Aeroquip-Vickers Ltd (U.K.), and Eaton Electric B.V. (Netherlands).
A report into the projected growth of the current Electric Vehicle Charging Stations Market by Meticulous Research® has produced some incredible forecasts for the industry. By 2028, it’s expected to have grown at a CAGR of 26.4%, reaching over $103.6 billion.
Founded in 2007 and headquartered in Campbell, U.S., ChargePoint operates as an open electric vehicle charging network. The company provides cloud-based service plans as annual subscriptions for providing tools, data, payment processing, and driver support. ChargePoint serves corporations, utilities, municipalities, shopping centers, and parking services providers worldwide.
With more than 66,000 public and semi-public commercial charging spots and thousands of customers (businesses, cities, agencies and service providers), ChargePoint is the only charging technology company on the market that designs, develops, and manufactures hardware and software solutions across every use case. Leading EV hardware makers and other partners rely on the ChargePoint network to make charging station details available in mobile apps, online and in navigation systems for popular EVs.
Webasto Group offers charging stations and roof, heating, cooling, and ventilation systems. The company operates in different businesses, such as Batteries & Charging Solutions, Heating & Cooling, and Roofs. In the electric vehicle charging market, Webasto has developed a comprehensive portfolio of charging stations, customized to the different technical and infrastructural requirements. All its charging solutions meet the relevant norms and OEM standards.
With employees in more than 50 countries, the company has its geographic presence in Europe, the Americas, Asia-Pacific, and other countries. Some of its major subsidiaries are Webasto Roof Systems Inc., (Germany), Webasto Roof Systems China Limited (China), CoSyst Control Systems GmbH (Germany), Webasto SpA (Italy), Webasto Roof & Components Se (Germany), and Schaidt Innovations GmbH & Co. KG. (Germany).
Founded in 2010 and headquartered in Amsterdam, Netherlands, EVBox designs, manufactures, and sells charging stations for electric and semi-electric vehicles. The company offers charging columns, wall models with fixed cables, home electric vehicle chargers, and business charging solutions. EVBox also offers community charging network advice and support. The company has its geographic presence in Europe and North America.
Blink Charging, Co.
Blink Charging develops charging stations for building owners, parking garages, municipalities, sporting venues, and other public areas. The Blink Network provides property owners, managers, and parking companies (“Property Partners”) with cloud-based services that enable the remote monitoring and management of EV charging stations, payment processing, and provides EV drivers with vital station information, including station location, availability, and applicable fees. The company operates in the electric vehicle charging stations market through its Charging Service Revenue segment.
Blink Charging has its geographic presence in the U.S. and Asia-Pacific. Some of its major subsidiaries are Blink Network LLC (U.S.), Beam Charging LLC (U.S.), and 350Green LLC (U.S.).
Founded in 1948, Efacec’s business activities include Transformers, Switchgear, Service, Energy, Automation, Environment & Industry, Transportation, and Electric Mobility. Through its Electric Mobility segment, the company provides a full range of charging solutions to charge electric vehicles, motorcycles, and buses with integrated management systems.
The company has its geographic presence in Portugal, Spain, Central Europe, the U.S., South America, Africa, Brazil, India, and other countries. Some of its major subsidiaries are Efacec Marketing Internacional, SA. (Portugal), EFACEC Investimentos e Concessões, SGPS, SA. (Portugal), EFACEC Sistemas de Gestão, SA. (Portugal), Efacec Engenharia e Sistemas SA., (Portugal), and others.
Popular Mentions: Delta Electronics, Inc. (Taiwan), Leviton Manufacturing Co., Inc. (U.S.), Alfen (Netherlands), NewMotion B.V. (Netherlands), Star Charge (China), SemaConnect (U.S.), Robert Bosch GmbH (Germany), and ClipperCreek Inc. (U.S.).
Authoritative Research on the Electric Vehicle Charging Stations Market – Global Opportunity Analysis and Industry Forecast (2021-2028)
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- Recent financial performance
- Key products
- Significant company strategies
- Partnerships and acquisitions
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