The Energy Infrastructure for EV Charging Stations Market is projected to reach USD 21,847.5 million by 2029 from an estimated USD 2,319.9 million in 2022, at a CAGR of 37.8% during the forecast period 2022–2029. By volume, this market is projected to reach 1,121.1 thousand sites by 2029 from an estimated 114.5 thousand sites in 2022, at a CAGR of 38.5% during the forecast period.
The growth of this market is driven by government initiatives to encourage EV adoption and develop the associated infrastructure and the rising demand for EV fast-charging infrastructure. However, the high cost of setting up energy infrastructure restrains the growth of this market. Additionally, the increasing adoption of electric mobility in emerging economies and the growing deployment of EV charging stations by retail MNCs are expected to create market growth opportunities. However, the impact of voltage fluctuations on EV charging stations is a major challenge for market growth.
Here are the top 10 companies operating in the Energy Infrastructure for EV Charging Stations Market
Founded in 1988 and headquartered in Switzerland, Europe, ABB Ltd is an automation company that manufactures, develops, and sells electrical products and solutions, industry-specific integrated automation and electrification systems, and mechanical power transmission products. The company provides a wide range of products such as control room solutions, drives, electric vehicle charging infrastructure, industrial software, low voltage products and systems, measurement & analytics, medium voltage products, metallurgy products, motors and generators, PLC automation, power converters and inverters, and robotics. In systems, it provides control systems, power electronics, safety, turbocharging, and UPS & power conditioning.
ABB operates through five reportable segments, namely, Electrification, Industrial Automation, Motion, Robotics & Discrete Automation, Corporate, and Other. The company’s Industrial Automation segment specializes in delivering products, solutions, and services through two operating divisions, namely Robotics and Machine Automation.
The Robotics division provides industrial robots, software, robotic solutions and systems, field services, spare parts, and digital services, and the Machine Automation division specializes in solutions based on its programmable logic controllers (PLC), industrial PCs (IPC), servo motion, transport systems, and machine vision. The company offers engineering and simulation software and a comprehensive range of digital solutions worldwide through both divisions.
ABB caters to different industries, including aluminum, automotive, battery manufacturing, buildings and infrastructure, cement, channel partners, chemical, data centers, food and beverage, industrial automation, life sciences, marine, metals, mining, oil and gas, ports, power generation, printing, pulp and paper, railway, smart cities, solar power, water, and wind power.
Some of its major subsidiaries are ABB Inc. (U.S.), ABB Limited (U.K.), Asea Brown Boveri Lanka (Private) Limited (Sri Lanka), Asea Brown Boveri Ltd. (Mauritius), ABB Technologies Ltd. (Israel), PT ABB Jasa Indonesia, ABB Global Industries and Services Private Limited (India), and ABB (Pvt) Ltd. (Pakistan). With its subsidiaries and a strong distribution network, the company has a presence across Europe, the Americas, Asia, and the Middle East & Africa. As of December 2021, the company had a headcount of 105,000 employees globally.
Founded in 1998 and headquartered in Toronto, Canada, Accuenergy designs industrial power and energy meter solutions. The company offers a variety of current transformers, hall effect sensors, energy management software, data acquisition, and communications devices. Additionally, it provides a wide range of products, such as power meters, current transformers, communication accessories, industrial control panel solutions, and energy management software.
Accuenergy also provides solutions for different applications, including DC metering, energy efficiency, panel metering, and power quality. Through DC metering applications, it provides solutions to EV charging stations. With its strong distribution network, the company has a presence across the United States, China, and South Africa through its sales offices. As of December 2021, the company had a headcount of 300+ employees globally.
Founded in 2006 and headquartered in California, U.S., Beam Global is a technology leader that provides innovative, sustainable products and technologies for the electrification of transportation and energy resiliency. The company provides a wide range of products, including EV Arc, Solar tree, beam Allcell, and Arc mobility trailer. AUCell Technologies (U.S.) is a subsidiary of Beam Global.
It operates through one segment, EV Arc, which offers solar panels for rapidly developed EV charging infrastructure. As of December 2021, the company had 86 employees globally. With its subsidiary and a strong distribution network, the company has a geographical presence across 121 countries.
Bowers Electricals Ltd
Founded in 1947 and headquartered in Heanor, U.K., Bowers Electricals Ltd is a leading supplier of power & distribution equipment. The company provides a wide range of products such as transformers, HV/LV switchgear, motors, and repairs. Through the Transformers segment, it provides power transformers, tier 1 and 2 transformers, distribution transformers, tier 1 cast resin transformers, LV switchgear, and HV switchgear. Bowers Electricals caters to industries such as construction, renewables (wind and solar), manufacturing, power stations, and hospitals.
Wilson Power Solutions Ltd
Founded in 1946 and headquartered in Leeds, England, Wilson provides innovative, sustainable energy infrastructure solutions. The company offers power transformers, distribution transformers, Wilson E3 amorphous transformers, unit-type transformers, battery tripping units, voltage management systems, switchgear and cabinets, and power devices. It caters to manufacturing, renewable energy, healthcare, retail, educational, and EV charging stations industries.
Meticulous Research in its latest publication on Energy Infrastructure for EV Charging Stations Market has predicted the growth of 36% during the forecast year 2022-2029.
R&S International Holding AG
Founded in 1919 and headquartered in Sissach, Switzerland, R&S International Holding AG is a leading provider of electrical infrastructure products. The company provides transformers, switches, industrial electrical connectors, distribution boards, electric switchboards, and services. Through its Transformers segment, the company provides distribution transformers, power transformers, cast resin transformers, and instrument transformers. Furthermore, R&S International caters to power distribution, renewables, transport, and CIB industries. The company’s strong distribution network has a presence across Switzerland, Italy, the Czech Republic, Poland, UAE, and Argentina.
R&S International has manufacturing facilities, offices in Europe, South America and the Middle East, and a wide partner network around the globe. As of December 2021, the company had over 700 employees globally.
Quadlogic Meters Canada Inc.
Founded in 1994 and headquartered in Port Coquitlam, Canada, QMC is a leading provider of intelligent submetering solutions for large institutions, commercial and multi-residential properties and utility providers. The company categorizes its solutions in MeterConnex, building level & portfolio metering, metering EV charging stations for any building, wireless water metering for retrofits & new builds, thermal BTU metering, temporary thermal metering, and mobile home park metering. Furthermore, QMC provides different types of meters, such as thermal, water, electricity, and gas. It caters to different industries such as commercial, multi-residential, institutional, industrial, and recreational.
Powersmiths International Corp.
Founded in 1996 and headquartered in Brampton, Canada, Powersmiths is part of the Socomec Group, which includes Socomec USA. The company manufactures high-efficiency transformers, engineered and configurable power distribution units, power switching systems, energy storage systems, and building information systems. It offers a wide range of energy-efficient transformers, energy station powertrain lineup, submeters & building resource management integrated transformer meters, and safety & maintenance options.
The company caters to different industry applications, including ESCO, utility & commercial energy efficiency retrofits, data center, mission-critical & specialty applications, new construction, LEED® & sustainably designed buildings, net zero buildings, managing building resources more efficiently, and commercial tenant submetering & billing solutions.
MORNSUN Guangzhou Science & Technology Co., Ltd.
Founded in 1998 and headquartered in Guangzhou, China, MORNSUN, also known as MORNSUN Power, is a national high-tech enterprise that specializes in magnetic isolation technology, product research & application, and manufacturing high-quality products, including AC/DC converters, DC/DC converter, adapter, isolation transmitter, IGBT driver and LED driver. The company caters to industries such as railway, automotive, photovoltaic, smart grid, medical, mining, energy-saving wide-voltage contactor, white goods power, energy storage, and power supply for telecommunications.
MGM Transformer Company
Founded in 1975 and headquartered in California, U.S., MGM is the largest transformer company in the western United States. The company offers a complete line of transformers (both dry type and liquid filled) and provides a wide range of products from 10kVA to greater than 10MVA. MGM also specializes in various areas, including substation-style transformers, drive-type transformers, mitigating harmonic transformers, medium voltage distribution transformers, dry substations, buck-boost, and control power transformers.
Its products are used for various applications, such as traction duty, drive isolation transformer, grounding, solar duty, auto transformer, high-rise buildings, EV charging stations, triplex transformers, and mining. With its subsidiaries, a strong distribution network, and sales, the company has a presence in over 50 countries. As of December 2021, the company had a headcount of over 300 employees globally.
Popular Mentions: Albury Services Ltd, Bowers Electricals Ltd, Electro-Wind Ltd., EREA Energy Engineering BV, and Olsun Electrics Corporation.
Authoritative Research on the Energy Infrastructure for EV Charging Stations Market – Global Opportunity Analysis and Industry Forecast (2022-2029)
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