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The High-power Charger for Electric Vehicles Market is segmented by Power Output Type (50 kW - 150 kW, 150 kW - 350 kW, and above 350 kW), Vehicle Type (Plug-in Hybrid Electric Vehicle (PHEV) and Battery Electric Vehicle (BEV)), and Geography.
Fastest Growing Market:
The high-power charger for electric vehicles market is estimated to register a CAGR of over 30% during the forecast period (2020-2025).
High-power charger for electric vehicles is essentially a DC fast charger that provides charging for vehicles in less than 30 minutes using fast-charging standards, like CHAdeMO, CCS, Supercharger, by transferring power at a minimum rate of 22kWh. The high-power charger for electric vehicles market study includes various power output type ranging from 50 kW - 150 kW, 150 kW - 350 kW, and above 350 kW, vehicle types, such as plug-in hybrid electric vehicle (PHEV) and battery electric vehicle (BEV).
|Power Output Type|
|50 kW - Less than 150 kW|
|150 kW - 350 kW|
|350 kW and Above|
|Plug-in Hybrid Electric Vehicle (PHEV)|
|Battery Electric Vehicle (BEV)|
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Currently, the 350 kW and above power type segment has the highest share out of all the segments. The announcement of numerous projects regarding the launch of ultra-fast charging stations and increasing investment toward the development of the public charging infrastructure, worldwide, are the primary factors responsible for the faster growth rate for 350 kW chargers. In 2018, Ionity chose Tritium as its technology partner for the construction of 100 high-power charging sites across Germany, France, the United Kingdom, Norway, and Sweden. China is in plans to upgrade its GB/T standard, which is expected to overtake both the CCS and CHAdeMO standards, at 350 kW and 400 kW, respectively, with a maximum charge of 900 kW on the new GB/T standard. The electric vehicle (EV) - charging stations developed by Tritium shall have an average of up to six user units, each capable of delivering 350 kW of power for fast charging of modern EVs, thus, 150 km of driving range to an EV in just five minutes. Thus, the increasing focus on this segment shall lead to its estimated high CAGR.
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In the high-power charger for electric vehicles market, the growth of the European region is expected to be more during the forecast period. Europe is witnessing an increase in the number of electric vehicles. The increase in the sales of electric vehicles is due to the increasing presence of DC fast-charging stations along the highways, as well as on roadsides. The DC fast-charging stations are led by the 125 KW Tesla Supercharger network. Moreover, the increasing number of DC fast chargers in Germany shall lead to the growth of the market in the country. On the other hand, plug-in hybrid cars and pure electric cars accounted for 59,911 registrations and 15,474 sales, respectively, in the United Kingdom, in 2018. The availability of a wide range of electric models is one of the key indicators for the positive growth of the EV market in the United Kingdom. France is one of the leading markets in terms of European electric vehicles sales, registering 52,597 sales of electric vehicles in 2018. Out of this, 39,158 registered as all-electric vehicles, while the rest accounted for plug-in hybrid electric vehicle sales in 2018. Thus, such developments are likely to drive the growth of the high-power charger for electric vehicles market in the European region.
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The high-power charger for electric vehicles market is fragmented, with various players existing in the market. ABB Ltd is the leading player in the market. Other players in the market include Ev-Box BV, IES Synergy, Garo AB, XCharge Inc., and Tesla Inc., which constitute over 30% of the market. Various initiatives done by companies have led them to strengthen their presence in the market. For example, in 2018, ABB Ltd announced that it installed the first DC fast charger, Terra 53 multi-standard DC charging station (50 KW), in Egypt. Moreover, in 2018, Tesla Motors Netherlands BV and Turkish manufacturer, Gersan Elektrik Ticaret ve Sanayi AS, signed a one-sided non-disclosure agreement to evaluate a possible commercial deal for the production and installation of electric vehicle charging stations.
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Power Output Type
5.1.1 50 kW - Less than 150 kW
5.1.2 150 kW - 350 kW
5.1.3 350 kW and Above
5.2 Vehicle Type
5.2.1 Plug-in Hybrid Electric Vehicle (PHEV)
5.2.2 Battery Electric Vehicle (BEV)
5.3.1 North America
184.108.40.206 United States
220.127.116.11 United Kingdom
18.104.22.168 Rest of Europe
22.214.171.124 Rest of Asia-Pacific
5.3.4 Rest of the World
126.96.36.199 South America
188.8.131.52 Middle East & Africa
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 Royal Dutch Shell PLC (Acquired NewMotion)
6.2.2 ABB Ltd
6.2.3 XCharge Inc.
6.2.4 Total SA(Acquired G2Mobility)
6.2.5 Fastned BV
6.2.6 IES Synergy
6.2.7 EVgo Services LLC
6.2.9 Siemens AG
6.2.10 Allego BV
6.2.11 Phoenix Contact
6.2.12 Tesla Inc.
6.2.13 Garo AB
6.2.14 ENSTO INDIA PRIVATE LIMITED
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject to Availability