Electric Vehicle Supply Equipment Market Size, Trends and Insights By Power (AC, DC), By Product (Portable Charger, Onboard Charging Station, EV Charging Kiosk, Others), By Charging Station (Normal Charging, Inductive Charging, Super Charging), By Application (Residential, Commercial), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- Siemens AG
- Delta Electronics Inc
- BP Chargemaster
- Schneider Electric
- Tesla
- Chargepoint Holdings Inc
- Others
Reports Description
According to Custom Market Insights (CMI), The Global Electric Vehicle Supply Equipment Market size was estimated at USD 25 Billion in 2021 and is expected to reach USD 45 Billion in 2022 and is expected to hit around USD 210 Billion by 2030, poised to grow at a compound annual growth rate (CAGR) of 30% from 2022 to 2030.
The report examines the Electric Vehicle Supply Equipment market’s drivers and restraints and their impact analysis. Also, the report mentions global opportunities prevailing in the Electric Vehicle Supply Equipment market.
Outline of the market for Electric Vehicle Supply Equipment
The electric vehicle supply equipment or systems are the items or assemblies installed to safely transmit and regulate electrical energy between an electric vehicle and an electrical source.
Other names for these kinds of assemblies include electric recharging points, charging points, and electric car charging stations. Electric vehicle charging equipment provides electricity to recharge electric vehicles, including plug-in hybrids and electric vehicles.
Impact Study of the Electric Vehicle Supply Equipment Market using COVID-19
The whole auto industry suffered losses when, in the early months of the outbreak, lockdowns significantly reduced vehicle sales. However, in the second half of 2020, sales increased and, for the most part, losses from the earlier months were lessened. Moreover, sales of electric vehicles increased in 2020 and 2021 as a result of a global trend towards greater vehicle electrification. As a result, the pandemic had little effect on this sector. Similar to how equipment for electric vehicles was less in demand in the first half of 2020 before increasing later in the year.
During the COVID-19 outbreak, component production was also halted due to a lack of funding for small Tier II and Tier III businesses. As a result, during the outbreak, production ceased, which was followed by a fall in demand. Businesses that provide equipment for electric vehicles may be significantly impacted by this. Also, the second wave in India had an effect on auto sales, which restrained the sector’s growth for Electric Vehicle Supply Equipment.
Market Growth Factors for Electric Vehicle Supply Equipment
Government spending on EV infrastructure is increasing
A growing emphasis on creating low-emission vehicles, which will also improve equipment usage, is expected to lead to an increase in the adoption of electric vehicles. Exemptions from the road, sales, and import taxes, as well as reduced or no registration fees, will probably encourage market expansion. Also, by offering advantageous subsidies and restrictions, governments promote the adoption of electric vehicle supply equipment. Further encouraging consumers to purchase electric vehicles is the increase in gas prices. These elements may encourage the market for selling equipment for electric vehicles to grow.
Accelerating the use of low-emission and fuel-efficient automobiles
The expensive cost of level 3 fast chargers and ultrafast chargers connected to electric car charging equipment, however, is a substantial barrier to industry expansion. On the other hand, a level-3 charger could have a high beginning cost. As a result of the potential disruption to everyone’s already stressful lifestyle caused by lengthy charging, people who desire to switch to EVs are discouraged from doing so.
The Market for Electric Vehicle Supply Equipment: Limitations
Costs associated with electric car charging equipment are increasingly acknowledged as a significant barrier preventing the market’s growth. The charging infrastructure has a number of costs associated with it, such as setup, maintenance, and running costs. Other tasks, such as feasibility studies, project management, and consultancy, also come at added cost. As a result, having access to reliable charging infrastructure is essential for the adoption of electric vehicles. However, the high costs involved in constructing the infrastructure can prevent market growth.
Electric Vehicle Supply Equipment Market: Segmentation Analysis
The Electric Vehicle Supply Equipment market is segmented in our research scope into power, product, charging station, and application. In addition, the portable charger, EV charging kiosk, onboard charging station, and other market segments have been classified based on the product. Because self-service charging options like EV interactive kiosks with sophisticated intelligence were increasingly adopted, the EV charging kiosk sector led the market in 2021.
Moreover, technical advancements like the integration of Radio-Frequency Identification (RFID) and Near Field Communication (NFC) in EVSE have improved the functionality of digital payments for EV customers using the infrastructure. Also, due to the requirement for additional labour in industrialised countries like the U.S., U.K., and Germany, operators of electric vehicle charging stations have encountered difficulties in allocating customer service agents during periods of high traffic. This is a significant factor propelling the market for EV charging stations.
Onboard charging stations are anticipated to develop at the fastest rate in the electric vehicle supply equipment market during the time of the projection. City governments give priority to long-term contracts for onboard charging station installation, development, management, and maintenance. Onboard recharge facilities for lift trucks that travel larger distances have also been in high demand. Faster charging periods and less downtime for the vehicle are two benefits of onboard charging stations.
Report Scope
| Feature of the Report | Details |
| Market Size in 2021 | USD 25 Billion |
| Projected Market Size in 2030 | USD 210 Billion |
| Market Size in 2022 | USD 45 Billion |
| CAGR Growth Rate | 30% CAGR (2022-2030) |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Prominent Players | Siemens AG, Delta Electronics Inc, BP Chargemaster, Schneider Electric, Tesla, Chargepoint Holdings Inc, Webasto Group, Leviton Manufacturing Co. Inc., Eaton Corporation Plc, Abb Ltd, and Others |
| Key Segment | By Power, Product, Charging Station, Application, and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Key Insights:
- Our research analyst’s analysis indicates that over the forecast period, the market for electric vehicle supply equipment is expected to expand annually at a CAGR of over 30%. (2022-2030).
- The electric vehicle supply equipment market size, measured in terms of revenue, was estimated at roughly USD 25 billion in 2021 and is expected to reach USD 210 billion by 2030. The market is expected to grow significantly over the coming years as a result of a number of driving factors.
- In order to identify opportunities to capitalize on the current industry, the Electric Vehicle Supply Equipment market research provides a thorough analysis of the current market and estimates through 2020–2030.
- The analysis provides information on the key market drivers, obstacles, opportunities, and results.
- The SWOT analysis and Porter’s Five Forces model are discussed in further detail in the paper.
- The value chain analysis of the market study offers a complete picture of the stakeholder’s obligations.
New Development:
- August 2021: The India-based battery storage and charger technology business Ez4EV Private Limited created the EzUrja on-demand mobile charging system for electric vehicles. With the help of this cutting-edge “charging-on-demand” technology for electric vehicles, which is administered as an IoT device, remote condition monitoring and operation management are made possible.
- March 2021: Shell aims to expand its current network of EV charging stations from 60,000 to around 500,000 by the year 2050.
Regional Scenery
With more than 50% of global sales in 2021, the Asia Pacific region dominated the market for electric vehicle supply equipment, and this trend is anticipated to continue.
The growing acceptance of electric vehicles across various Asian countries, including Japan, China, Australia, India, and many others, is one of the key factors behind the market expansion in the region. For instance, by the end of 2030, the Chinese government wanted all of its transportation to be green. In addition, the governments of other countries, like Japan and South Korea, are investing a lot of money in the development of infrastructure for electric vehicle charging.
Competitive Environment
Participants in the global market for electric vehicle supply equipment confront fierce competition as a result of the market’s emphasis on R&D for growth. Furthermore, the industry offers a sizable chance for new entrants to capture the market in growing and undeveloped nations.
Prominent Players:
- Siemens AG
- Delta Electronics Inc
- BP Chargemaster
- Schneider Electric
- Tesla
- Chargepoint Holdings Inc
- Webasto Group
- Leviton Manufacturing Co. Inc.
- Eaton Corporation Plc
- Abb Ltd
The global Electric Vehicle Supply Equipment market is segmented as follows:
By Power
- AC
- DC
By Product
- Portable Charger
- Onboard Charging Station
- EV Charging Kiosk
- Others
By Charging Station
- Normal Charging
- Inductive Charging
- Super Charging
By Application
- Residential
- Commercial
On the basis of Geography
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market research methodology
- Chapter 2. Executive Summary
- 2.1 Global Electric Vehicle Supply Equipment Market, (2022 – 2030) (USD Billion)
- 2.2 Global Electric Vehicle Supply Equipment Market : snapshot
- Chapter 3. Global Electric Vehicle Supply Equipment Market – Industry Analysis
- 3.1 Electric Vehicle Supply Equipment Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Rising government investments for EV charging infrastructure
- 3.2.2 Surging adoption of fuel-efficient and low-emission vehicles
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market attractiveness analysis By Power
- 3.7.2 Market attractiveness analysis By Product
- 3.7.3 Market attractiveness analysis By Charging Station
- 3.7.4 Market attractiveness analysis By Application
- Chapter 4. Global Electric Vehicle Supply Equipment Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Electric Vehicle Supply Equipment Market: company market share, 2021
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Electric Vehicle Supply Equipment Market – Power Analysis
- 5.1 Global Electric Vehicle Supply Equipment Market overview: By Power
- 5.1.1 Global Electric Vehicle Supply Equipment Market share, By Power, 2021 and 2030
- 5.2 AC
- 5.2.1 Global Electric Vehicle Supply Equipment Market by AC, 2022 – 2030 (USD Billion)
- 5.3 DC
- 5.3.1 Global Electric Vehicle Supply Equipment Market by DC, 2022 – 2030 (USD Billion)
- 5.1 Global Electric Vehicle Supply Equipment Market overview: By Power
- Chapter 6. Global Electric Vehicle Supply Equipment Market – Product Analysis
- 6.1 Global Electric Vehicle Supply Equipment Market overview: By Product
- 6.1.1 Global Electric Vehicle Supply Equipment Market share, By Product, 2021 and 2030
- 6.2 Portable Charger
- 6.2.1 Global Electric Vehicle Supply Equipment Market by Portable Charger, 2022 – 2030 (USD Billion)
- 6.3 Onboard Charging Station
- 6.3.1 Global Electric Vehicle Supply Equipment Market by Onboard Charging Station, 2022 – 2030 (USD Billion)
- 6.4 EV Charging Kiosk
- 6.4.1 Global Electric Vehicle Supply Equipment Market by EV Charging Kiosk, 2022 – 2030 (USD Billion)
- 6.5 Others
- 6.5.1 Global Electric Vehicle Supply Equipment Market by Others, 2022 – 2030 (USD Billion)
- 6.1 Global Electric Vehicle Supply Equipment Market overview: By Product
- Chapter 7. Global Electric Vehicle Supply Equipment Market – Charging Station Analysis
- 7.1 Global Electric Vehicle Supply Equipment Market overview: By Charging Station
- 7.1.1 Global Electric Vehicle Supply Equipment Market share, By Charging Station, 2021 and 2030
- 7.2 Normal Charging
- 7.2.1 Global Electric Vehicle Supply Equipment Market by Normal Charging, 2022 – 2030 (USD Billion)
- 7.3 Inductive Charging
- 7.3.1 Global Electric Vehicle Supply Equipment Market by Inductive Charging, 2022 – 2030 (USD Billion)
- 7.4 Super Charging
- 7.4.1 Global Electric Vehicle Supply Equipment Market by Super Charging, 2022 – 2030 (USD Billion)
- 7.1 Global Electric Vehicle Supply Equipment Market overview: By Charging Station
- Chapter 8. Global Electric Vehicle Supply Equipment Market – Application Analysis
- 8.1 Global Electric Vehicle Supply Equipment Market overview: By Application
- 8.1.1 Global Electric Vehicle Supply Equipment Market share, By Application, 2021 and 2030
- 8.2 Residential
- 8.2.1 Global Electric Vehicle Supply Equipment Market by Residential, 2022 – 2030 (USD Billion)
- 8.3 Commercial
- 8.3.1 Global Electric Vehicle Supply Equipment Market by Commercial, 2022 – 2030 (USD Billion)
- 8.1 Global Electric Vehicle Supply Equipment Market overview: By Application
- Chapter 9. Electric Vehicle Supply Equipment Industry – Regional Analysis
- 9.1 Global Electric Vehicle Supply Equipment Industry Regional Overview
- 9.2 Global Electric Vehicle Supply Equipment Industry Share, by Region, 2021 & 2030 (USD Billion)
- 9.3. North America
- 9.3.1 North America Electric Vehicle Supply Equipment Industry, 2022 – 2030 (USD Billion)
- 9.3.1.1 North America Electric Vehicle Supply Equipment Industry, by Country, 2022 – 2030 (USD Billion)
- 9.3.1 North America Electric Vehicle Supply Equipment Industry, 2022 – 2030 (USD Billion)
- 9.4 North America Electric Vehicle Supply Equipment Industry, by Power, 2022 – 2030
- 9.4.1 North America Electric Vehicle Supply Equipment Industry, by Power, 2022 – 2030 (USD Billion)
- 9.5 North America Electric Vehicle Supply Equipment Industry, by Product, 2022 – 2030
- 9.5.1 North America Electric Vehicle Supply Equipment Industry, by Product, 2022 – 2030 (USD Billion)
- 9.6 North America Electric Vehicle Supply Equipment Industry, by Charging Station, 2022 – 2030
- 9.6.1 North America Electric Vehicle Supply Equipment Industry, by Charging Station, 2022 – 2030 (USD Billion)
- 9.7 North America Electric Vehicle Supply Equipment Industry, by Application, 2022 – 2030
- 9.7.1 North America Electric Vehicle Supply Equipment Industry, by Application, 2022 – 2030 (USD Billion)
- 9.8. Europe
- 9.8.1 Europe Electric Vehicle Supply Equipment Industry, 2022 – 2030 (USD Billion)
- 9.8.1.1 Europe Electric Vehicle Supply Equipment Industry, by Country, 2022 – 2030 (USD Billion)
- 9.8.1 Europe Electric Vehicle Supply Equipment Industry, 2022 – 2030 (USD Billion)
- 9.9 Europe Electric Vehicle Supply Equipment Industry, by Power, 2022 – 2030
- 9.9.1 Europe Electric Vehicle Supply Equipment Industry, by Power, 2022 – 2030 (USD Billion)
- 9.10 Europe Electric Vehicle Supply Equipment Industry, by Product, 2022 – 2030
- 9.10.1 Europe Electric Vehicle Supply Equipment Industry, by Product, 2022 – 2030 (USD Billion)
- 9.11 Europe Electric Vehicle Supply Equipment Industry, by Charging Station, 2022 – 2030
- 9.11.1 Europe Electric Vehicle Supply Equipment Industry, by Charging Station, 2022 – 2030 (USD Billion)
- 9.12 Europe Electric Vehicle Supply Equipment Industry, by Application, 2022 – 2030
- 9.12.1 Europe Electric Vehicle Supply Equipment Industry, by Application, 2022 – 2030 (USD Billion)
- 9.13. Asia Pacific
- 9.13.1 Asia Pacific Electric Vehicle Supply Equipment Industry, 2022 – 2030 (USD Billion)
- 9.13.1.1 Asia Pacific Electric Vehicle Supply Equipment Industry, by Country, 2022 – 2030 (USD Billion)
- 9.13.1 Asia Pacific Electric Vehicle Supply Equipment Industry, 2022 – 2030 (USD Billion)
- 9.14 Asia Pacific Electric Vehicle Supply Equipment Industry, by Power, 2022 – 2030
- 9.14.1 Asia Pacific Electric Vehicle Supply Equipment Industry, by Power, 2022 – 2030 (USD Billion)
- 9.15 Asia Pacific Electric Vehicle Supply Equipment Industry, by Product, 2022 – 2030
- 9.15.1 Asia Pacific Electric Vehicle Supply Equipment Industry, by Product, 2022 – 2030 (USD Billion)
- 9.16 Asia Pacific Electric Vehicle Supply Equipment Industry, by Charging Station, 2022 – 2030
- 9.16.1 Asia Pacific Electric Vehicle Supply Equipment Industry, by Charging Station, 2022 – 2030 (USD Billion)
- 9.17 Asia Pacific Electric Vehicle Supply Equipment Industry, by Application, 2022 – 2030
- 9.17.1 Asia Pacific Electric Vehicle Supply Equipment Industry, by Application, 2022 – 2030 (USD Billion)
- 9.18. Latin America
- 9.18.1 Latin America Electric Vehicle Supply Equipment Industry, 2022 – 2030 (USD Billion)
- 9.18.1.1 Latin America Electric Vehicle Supply Equipment Industry, by Country, 2022 – 2030 (USD Billion)
- 9.18.1 Latin America Electric Vehicle Supply Equipment Industry, 2022 – 2030 (USD Billion)
- 9.19 Latin America Electric Vehicle Supply Equipment Industry, by Power, 2022 – 2030
- 9.19.1 Latin America Electric Vehicle Supply Equipment Industry, by Power, 2022 – 2030 (USD Billion)
- 9.20 Latin America Electric Vehicle Supply Equipment Industry, by Product, 2022 – 2030
- 9.20.1 Latin America Electric Vehicle Supply Equipment Industry, by Product, 2022 – 2030 (USD Billion)
- 9.21 Latin America Electric Vehicle Supply Equipment Industry, by Charging Station, 2022 – 2030
- 9.21.1 Latin America Electric Vehicle Supply Equipment Industry, by Charging Station, 2022 – 2030 (USD Billion)
- 9.22 Latin America Electric Vehicle Supply Equipment Industry, by Application, 2022 – 2030
- 9.22.1 Latin America Electric Vehicle Supply Equipment Industry, by Application, 2022 – 2030 (USD Billion)
- 9.23. The Middle-East and Africa
- 9.23.1 The Middle-East and Africa Electric Vehicle Supply Equipment Industry, 2022 – 2030 (USD Billion)
- 9.23.1.1 The Middle-East and Africa Electric Vehicle Supply Equipment Industry, by Country, 2022 – 2030 (USD Billion)
- 9.23.1 The Middle-East and Africa Electric Vehicle Supply Equipment Industry, 2022 – 2030 (USD Billion)
- 9.24 The Middle-East and Africa Electric Vehicle Supply Equipment Industry, by Power, 2022 – 2030
- 9.24.1 The Middle-East and Africa Electric Vehicle Supply Equipment Industry, by Power, 2022 – 2030 (USD Billion)
- 9.25 The Middle-East and Africa Electric Vehicle Supply Equipment Industry, by Product, 2022 – 2030
- 9.25.1 The Middle-East and Africa Electric Vehicle Supply Equipment Industry, by Product, 2022 – 2030 (USD Billion)
- 9.26 The Middle-East and Africa Electric Vehicle Supply Equipment Industry, by Charging Station, 2022 – 2030
- 9.26.1 The Middle-East and Africa Electric Vehicle Supply Equipment Industry, by Charging Station, 2022 – 2030 (USD Billion)
- 9.27 The Middle-East and Africa Electric Vehicle Supply Equipment Industry, by Application, 2022 – 2030
- 9.27.1 The Middle-East and Africa Electric Vehicle Supply Equipment Industry, by Application, 2022 – 2030 (USD Billion)
- Chapter 10. Company Profiles
- 10.1 Siemens AG
- 10.1.1 Overview
- 10.1.2 Financials
- 10.1.3 Product Portfolio
- 10.1.4 Business Strategy
- 10.1.5 Recent Developments
- 10.2 Delta Electronics Inc
- 10.2.1 Overview
- 10.2.2 Financials
- 10.2.3 Product Portfolio
- 10.2.4 Business Strategy
- 10.2.5 Recent Developments
- 10.3 BP Chargemaster
- 10.3.1 Overview
- 10.3.2 Financials
- 10.3.3 Product Portfolio
- 10.3.4 Business Strategy
- 10.3.5 Recent Developments
- 10.4 Schneider Electric
- 10.4.1 Overview
- 10.4.2 Financials
- 10.4.3 Product Portfolio
- 10.4.4 Business Strategy
- 10.4.5 Recent Developments
- 10.5 Tesla
- 10.5.1 Overview
- 10.5.2 Financials
- 10.5.3 Product Portfolio
- 10.5.4 Business Strategy
- 10.5.5 Recent Developments
- 10.6 Chargepoint Holdings Inc
- 10.6.1 Overview
- 10.6.2 Financials
- 10.6.3 Product Portfolio
- 10.6.4 Business Strategy
- 10.6.5 Recent Developments
- 10.7 Webasto Group
- 10.7.1 Overview
- 10.7.2 Financials
- 10.7.3 Product Portfolio
- 10.7.4 Business Strategy
- 10.7.5 Recent Developments
- 10.8 Leviton Manufacturing Co. Inc.
- 10.8.1 Overview
- 10.8.2 Financials
- 10.8.3 Product Portfolio
- 10.8.4 Business Strategy
- 10.8.5 Recent Developments
- 10.9 Eaton Corporation Plc
- 10.9.1 Overview
- 10.9.2 Financials
- 10.9.3 Product Portfolio
- 10.9.4 Business Strategy
- 10.9.5 Recent Developments
- 10.10 Abb Ltd
- 10.10.1 Overview
- 10.10.2 Financials
- 10.10.3 Product Portfolio
- 10.10.4 Business Strategy
- 10.10.5 Recent Developments
- 10.1 Siemens AG
List Of Figures
Figures No 1 to 29
List Of Tables
Tables No 1 to 102
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2030
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
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| Demand-side |
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
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Prominent Players:
- Siemens AG
- Delta Electronics Inc
- BP Chargemaster
- Schneider Electric
- Tesla
- Chargepoint Holdings Inc
- Webasto Group
- Leviton Manufacturing Co. Inc.
- Eaton Corporation Plc
- Abb Ltd
- Others
FAQs
“Europe” region will lead the global Electric Vehicle Supply Equipment market during the forecast period 2022 to 2030.
The key factors driving the market are rising government investments for EV charging infrastructure and surging adoption of fuel-efficient and low-emission vehicles.
The key players operating in the Electric Vehicle Supply Equipment market are Siemens AG, Delta Electronics Inc, BP Chargemaster, Schneider Electric, Tesla, Chargepoint Holdings Inc, Webasto Group, Leviton Manufacturing Co. Inc., Eaton Corporation Plc, Abb Ltd.
The global Electric Vehicle Supply Equipment market is expanding growth with a CAGR of approximately 30% during the forecast period (2022 to 2030).
The global Electric Vehicle Supply Equipment market size was valued at USD 25 Billion in 2021 and it is projected to reach around USD 210 Billion by 2030.