Electric Vehicle Charging Project
Current growth predictions
For 2020, before the COVID-19 crisis, the outlook for global growth stood at around 36%, with 3 million new unit deliveries. This trend was set to continue in 2021, with 4 million units (5% of all vehicles). Although COVID-19 has impacted the current sales, it has also proved how big is the impact of the fuel road transport to the overall pollution. Now more than ever we realize how important is to care our environment. The total electric vehicle stock was forecasted to be 13 million (9.2% penetration), and this trend will continue to rise for decades. This growth will be influenced by several factors, according to specialist firms and pacesetters in the sector.
EV charging equipment and services
In 2018, the world's total power consumption to charge the stock of 4 million EVs came in at around 10 TWh (12,500 km/year on average per car consuming 20 kWh/100 km).
The sector of EV supply equipment (EVSE) manufacturers and solution providers must invest heavily. Meanwhile, the EV charging sector offers many opportunities for both small and large enterprises, which must also make big investments to reap the benefits.
Business Opportunities and Demand
Electric Vehicle Service Equipment (EVSE) market kept growing in recent years. As many Electric Vehicle manufacturers publish Electric Vehicle with EVSE, EVSE market will keep in rapid development.Viewed from the supply side, in the past few years, less company entered into EVSE industry. Most of the manufacturers concentrate in US and EUViewed from the demand side, the current demand for EVSE product is growing.
Electric Vehicle Service Equipment (EVSE) Market Segment by Product Types considering Production of Level 1, Level 2, Level 3
Electric Vehicle Service Equipment (EVSE) Market Segment by Applications considering Consumption of Home, Public Parking, Shopping Mall, Office Parking, Hotels, Other
Forecasts by Power Type (AC Power and DC Power), by Product (Portable Charger, EV Charging Kiosk, Onboard Charging Station and Others), by Charging Station Type (Normal Charging, Super Charging and Inductive Charging), by Application (Residential and Commercial).