Global Electric Vehicle Supply Equipment Market (2021 to 2030) - by Application, Type and Region - ResearchAndMarkets.com

The "Electric Vehicle Supply Equipment Market by Application and Type: Global Opportunity Analysis and Industry Forecast, 2021-2030" report has been added to ResearchAndMarkets.com's offering.

Electric vehicle supply equipment (EVSE) supplies electricity to an electric vehicle (EV). Commonly called charging stations or charging docks, they provide electric power to the vehicle and use that to recharge the vehicle's batteries. EVSE systems include the electrical conductors, related equipment, software, and communications protocols that deliver energy efficiently and safely to the vehicle.

The global Electric Vehicle Supply Equipment market is segmented on the basis of application, type, and region. Based on application, the market is classified into residential and commercial. Based on type, it is divided into level 1, level 2, and level 3. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Factors such as growth in production of electric vehicles, rise in adoption of electric vehicle owing to government initiatives, and increase in demand for low-emission and fuel-efficient vehicles are expected to boost the growth of the Electric Vehicle Supply Equipment (EVSE) market.

However, high cost of electric vehicles and high cost of electric vehicle charging infrastructure restrains along with Lack of standardization within electric vehicle charging infrastructure hinders the growth of the market. Furthermore, development of wireless charging technology and incorporation of Vehicle-To-Grid (V2g) EV Charging Stations provide lucrative growth opportunity for the players operating in the Electric Vehicle Supply Equipment market.

The key players analyzed in the Electric Vehicle Supply Equipment (EVSE) market include Abb Ltd, BP Chargemaster, Chargepoint Holdings, Inc, Delta Electronics, Inc, Eaton Corporation Plc, Leviton Manufacturing Co., Inc., Schneider Electric, Siemens AG, Tesla and Webasto Group.

Key Benefits

• This study presents analytical depiction of the electric vehicle supply equipment (EVSE) market along with the current trends and future estimations to depict imminent investment pockets.
• The overall market potential is determined to understand profitable trends to enable stakeholders gain a stronger foothold in the market.
• The report presents information related to key drivers, restraints, and opportunities with detailed impact analysis.
• The current market is quantitatively analyzed from 2020 to 2030 to highlight the financial competency of the market.
• Porter's five forces analysis illustrates potency of buyers and suppliers.

Market Dynamics

Drivers

• Growth in demand for electric vehicles
• Government initiatives for development of electric vehicle charging infrastructure
• Increase in demand for low-emission and fuel-efficient vehicles

Restraints

• Lack of standardization of EV charging
• High cost of electric vehicle charging infrastructure

Opportunities

• Development of wireless charging technology
• Incorporation of Vehicle-To-Grid (V2g) EV Charging Stations

Key Segments

By Application

• Residential
• Commercial Charging Systems

By Type

• Level 1
• Level 2
• Level 3

By Region

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• France
• UK
• Italy
• Rest of Europe
• Asia-Pacific
• China
• Japan
• India
• South Korea
• Rest of Asia-Pacific
• LAMEA
• Latin America
• Middle East
• Africa

Key Players

• Abb Ltd
• BP Chargemaster
• Chargepoint Holdings, Inc
• Delta Electronics, Inc
• Eaton Corporation Plc
• Leviton Manufacturing Co., Inc.
• Schneider Electric
• Siemens AG
• Tesla
• Webasto Group

For more information about this report visit https://www.researchandmarkets.com/r/79zqij

View source version on businesswire.com: https://www.businesswire.com/news/home/20220303005850/en/