The electric vehicle supply equipment market is driven by significant growth in the electric vehicle market globally. Huge market growth will be observed in the upcoming period in the electric vehicle supply equipment market. Most of the government are focusing to change their vehicle fleet from IC engine vehicles to electric vehicles. The major motive for countries and government organizations to shift from IC vehicles to an electric vehicle is rising environmental pollution due to the combustion of fossil fuel and rising prices of crude oil in the international market. However, at present, the major hurdle for this is high charging time of the vehicle and inadequate charging facilities on roads, especially at the remote location. Hence, as the number of electric vehicles will increase in a region, the electric vehicle supply equipment market will also rise in that region.
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Some of the restraints to the market is the lack of standardization of charging infrastructure globally. Due to the lack of standardization vehicle manufacturers are using a different kind of charging connectors for their vehicles. The connectors include Port J1772, CHAdeMO, SAE Combo CCS, Tesla HPWC, Nema 515, Nema 520 Nema 1450 (RV plug), and Nema 6-50. The variety of connectors can be problematic and will cost a higher price during the development of a universal charging station for vehicles. The high initial cost of an electric vehicle is also restricting the consumer to prefer electric vehicle over a conventional IC engine however the operational cost is lower in the case of electric vehicles which creates enormous opportunities for the market.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Electric Vehicle Equipment Market: Segmentation
Global Electric Vehicle Supply Equipment Market by Charger Type
- Level-1 Charger
- Level-2 Charger
- Level-3 Charger
Global Electric Vehicle Supply Equipment Market by Vehicle Type
- Two-Wheelers
- Passenger Cars
- Commercial Vehicles
Global Electric Vehicle Supply Equipment Market by Station type
- Stationary Charging Station (Plug-In)
- Portable Charging Facilities
Global Electric Vehicle Equipment Market: Region
North America
- US
- Canada
Europe
- UK
- Germany
- France
- Italy
- Spain
- RoE
Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
Rest of the World
The Report Covers
- Market value data analysis of 2018 and forecast to 2025.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global electric vehicle supply equipment Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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