Table 1. Snapshot of Global Electric Vehicle (EV) Fast Charging System Market in Balanced Perspective, 2020-2030 21
Table 2. Growth Rate of World Real GDP, 2017-2021 26
Table 3. Main Product Trends and Market Opportunities in Global Electric Vehicle (EV) Fast Charging System Market 38
Table 4. Global Electric Vehicle (EV) Fast Charging System Market by Connector Type, 2020-2030, $ mn 46
Table 5. Global Electric Vehicle (EV) Fast Charging System Market by Charging Power, 2020-2030, $ mn 52
Table 6. Global Electric Vehicle (EV) Fast Charging System Market by Application, 2020-2030, $ mn 57
Table 7. Global Electric Vehicle (EV) Fast Charging System Market by Vehicle Type, 2020-2030, $ mn 61
Table 8. Global Electric Vehicle (EV) Fast Charging System Market by EV Type, 2020-2030, $ mn 65
Table 9. Global Electric Vehicle (EV) Fast Charging System Market by Region, 2020-2030, $ mn 70
Table 10. Leading National Electric Vehicle (EV) Fast Charging System Market, 2020 and 2030, $ mn 72
Table 11. DC Fast Charging Network Operators 73
Table 12. North America Electric Vehicle (EV) Fast Charging System Market by Country, 2020-2030, $ mn 76
Table 13. U.S. Electric Vehicle (EV) Fast Charging System Market by Charging Power, 2020-2030, $ mn 80
Table 14. U.S. Electric Vehicle (EV) Fast Charging System Market by Application, 2020-2030, $ mn 80
Table 15. U.S. Electric Vehicle (EV) Fast Charging System Market by EV Type, 2020-2030, $ mn 80
Table 16. Canada Electric Vehicle (EV) Fast Charging System Market by Charging Power, 2020-2030, $ mn 83
Table 17. Canada Electric Vehicle (EV) Fast Charging System Market by Application, 2020-2030, $ mn 83
Table 18. Canada Electric Vehicle (EV) Fast Charging System Market by EV Type, 2020-2030, $ mn 83
Table 19. Mexico Electric Vehicle (EV) Fast Charging System Market by Charging Power, 2020-2030, $ mn 85
Table 20. Mexico Electric Vehicle (EV) Fast Charging System Market by Application, 2020-2030, $ mn 85
Table 21. Mexico Electric Vehicle (EV) Fast Charging System Market by EV Type, 2020-2030, $ mn 85
Table 22. Europe Electric Vehicle (EV) Fast Charging System Market by Country, 2020-2030, $ mn 89
Table 23. Germany Electric Vehicle (EV) Fast Charging System Market by Charging Power, 2020-2030, $ mn 91
Table 24. Germany Electric Vehicle (EV) Fast Charging System Market by Application, 2020-2030, $ mn 91
Table 25. Germany Electric Vehicle (EV) Fast Charging System Market by EV Type, 2020-2030, $ mn 91
Table 26. U.K. Electric Vehicle (EV) Fast Charging System Market by Charging Power, 2020-2030, $ mn 93
Table 27. U.K. Electric Vehicle (EV) Fast Charging System Market by Application, 2020-2030, $ mn 93
Table 28. U.K. Electric Vehicle (EV) Fast Charging System Market by EV Type, 2020-2030, $ mn 93
Table 29. France Electric Vehicle (EV) Fast Charging System Market by Charging Power, 2020-2030, $ mn 95
Table 30. France Electric Vehicle (EV) Fast Charging System Market by Application, 2020-2030, $ mn 95
Table 31. France Electric Vehicle (EV) Fast Charging System Market by EV Type, 2020-2030, $ mn 95
Table 32. Netherlands Electric Vehicle (EV) Fast Charging System Market by Charging Power, 2020-2030, $ mn 97
Table 33. Netherlands Electric Vehicle (EV) Fast Charging System Market by Application, 2020-2030, $ mn 97
Table 34. Netherlands Electric Vehicle (EV) Fast Charging System Market by EV Type, 2020-2030, $ mn 97
Table 35. Italy Electric Vehicle (EV) Fast Charging System Market by Charging Power, 2020-2030, $ mn 99
Table 36. Italy Electric Vehicle (EV) Fast Charging System Market by Application, 2020-2030, $ mn 99
Table 37. Italy Electric Vehicle (EV) Fast Charging System Market by EV Type, 2020-2030, $ mn 99
Table 38. Russia Electric Vehicle (EV) Fast Charging System Market by Charging Power, 2020-2030, $ mn 101
Table 39. Russia Electric Vehicle (EV) Fast Charging System Market by Application, 2020-2030, $ mn 101
Table 40. Russia Electric Vehicle (EV) Fast Charging System Market by EV Type, 2020-2030, $ mn 101
Table 41. Electric Vehicle (EV) Fast Charging System Market in Rest of Europe by Country, 2020-2030, $ mn 103
Table 42. APAC Electric Vehicle (EV) Fast Charging System Market by Country, 2020-2030, $ mn 106
Table 43. Japan Electric Vehicle (EV) Fast Charging System Market by Charging Power, 2020-2030, $ mn 110
Table 44. Japan Electric Vehicle (EV) Fast Charging System Market by Application, 2020-2030, $ mn 110
Table 45. Japan Electric Vehicle (EV) Fast Charging System Market by EV Type, 2020-2030, $ mn 110
Table 46. China Electric Vehicle (EV) Fast Charging System Market by Charging Power, 2020-2030, $ mn 113
Table 47. China Electric Vehicle (EV) Fast Charging System Market by Application, 2020-2030, $ mn 113
Table 48. China Electric Vehicle (EV) Fast Charging System Market by EV Type, 2020-2030, $ mn 113
Table 49. Australia Electric Vehicle (EV) Fast Charging System Market by Charging Power, 2020-2030, $ mn 115
Table 50. Australia Electric Vehicle (EV) Fast Charging System Market by Application, 2020-2030, $ mn 115
Table 51. Australia Electric Vehicle (EV) Fast Charging System Market by EV Type, 2020-2030, $ mn 115
Table 52. India Electric Vehicle (EV) Fast Charging System Market by Charging Power, 2020-2030, $ mn 117
Table 53. India Electric Vehicle (EV) Fast Charging System Market by Application, 2020-2030, $ mn 117
Table 54. India Electric Vehicle (EV) Fast Charging System Market by EV Type, 2020-2030, $ mn 117
Table 55. South Korea Electric Vehicle (EV) Fast Charging System Market by Charging Power, 2020-2030, $ mn 119
Table 56. South Korea Electric Vehicle (EV) Fast Charging System Market by Application, 2020-2030, $ mn 119
Table 57. South Korea Electric Vehicle (EV) Fast Charging System Market by EV Type, 2020-2030, $ mn 119
Table 58. Electric Vehicle (EV) Fast Charging System Market in Rest of APAC by Country/Region, 2020-2030, $ mn 121
Table 59. South America Electric Vehicle (EV) Fast Charging System Market by Country, 2020-2030, $ mn 125
Table 60. Argentina Electric Vehicle (EV) Fast Charging System Market by Charging Power, 2020-2030, $ mn 127
Table 61. Argentina Electric Vehicle (EV) Fast Charging System Market by Application, 2020-2030, $ mn 127
Table 62. Argentina Electric Vehicle (EV) Fast Charging System Market by EV Type, 2020-2030, $ mn 127
Table 63. Brazil Electric Vehicle (EV) Fast Charging System Market by Charging Power, 2020-2030, $ mn 129
Table 64. Brazil Electric Vehicle (EV) Fast Charging System Market by Application, 2020-2030, $ mn 129
Table 65. Brazil Electric Vehicle (EV) Fast Charging System Market by EV Type, 2020-2030, $ mn 129
Table 66. Chile Electric Vehicle (EV) Fast Charging System Market by Charging Power, 2020-2030, $ mn 131
Table 67. Chile Electric Vehicle (EV) Fast Charging System Market by Application, 2020-2030, $ mn 131
Table 68. Chile Electric Vehicle (EV) Fast Charging System Market by EV Type, 2020-2030, $ mn 131
Table 69. MEA Electric Vehicle (EV) Fast Charging System Market by Country, 2020-2030, $ mn 135
Table 70. UAE Electric Vehicle (EV) Fast Charging System Market by Charging Power, 2020-2030, $ mn 137
Table 71. UAE Electric Vehicle (EV) Fast Charging System Market by Application, 2020-2030, $ mn 137
Table 72. UAE Electric Vehicle (EV) Fast Charging System Market by EV Type, 2020-2030, $ mn 137
Table 73. Saudi Arabia Electric Vehicle (EV) Fast Charging System Market by Charging Power, 2020-2030, $ mn 139
Table 74. Saudi Arabia Electric Vehicle (EV) Fast Charging System Market by Application, 2020-2030, $ mn 139
Table 75. Saudi Arabia Electric Vehicle (EV) Fast Charging System Market by EV Type, 2020-2030, $ mn 139
Table 76. South Africa Electric Vehicle (EV) Fast Charging System Market by Charging Power, 2020-2030, $ mn 141
Table 77. South Africa Electric Vehicle (EV) Fast Charging System Market by Application, 2020-2030, $ mn 141
Table 78. South Africa Electric Vehicle (EV) Fast Charging System Market by EV Type, 2020-2030, $ mn 141
Table 79. ABB Ltd.: Company Snapshot 147
Table 80. ABB Ltd.: Business Segmentation 147
Table 81. ABB Ltd.: Product Portfolio 148
Table 82. ABB Ltd.: Revenue, 2017-2019, $ mn 148
Table 83. Risk Evaluation for Investing in Global Market, 2020-2030 165
Table 84. Critical Success Factors and Key Takeaways 168
Global market of EV fast charging system (AKA high-power chargers) will reach $64.26 billion by 2030, growing by a revised 2020-2030 CAGR of 30.8% by sales revenue and 38.4% by sales units driven by the rising number of government policies for electric vehicles, better availability of charging infrastructure and minimizing carbon dioxide emissions. The global EV Fast charging market is expected to witness a burgeoning growth in the forthcoming years owing to the various factors such as surging sales of electric vehicles across the globe, rising demand for zero emission vehicles, and growing government initiatives to foster the adoption of Electric Vehicle. The government in various developed and developing nations such as Canada, Japan, and India are offering subsidies to the consumers to boost the adoption of electric vehicles. The Canadian government provides a subsidy of around US$3,700 for buying electric vehicles in Canada. Further, the government of Japan offers a subsidy of around US$3,700 for purchasing BEV and a subsidy of around US$1,800 for buying PHEV. The technological developments in the electric vehicle and charging infrastructure such as ultra-fast chargers, portable charging station, load management with smart charging, automated payment systems for charging, and bi-directional charging are some of the prominent factors that are expected to foster the growth of the EV charger market across the globe.
The EV industry is foreseeing an incredible growth in the developed and developing regions around the globe. The higher dependence on the biofuels has resulted in increased levels of air pollution and as a consequence, the prevalence of various respiratory and other diseases is surging among the global population. To curb the carbon footprint and shift towards the clean and green energy are the major factors that are expected to drive the growth of the global EV charger market. The increasing consumer awareness regarding carbon emission from vehicles, increased environmental consciousness, improvements in the standard of living, and growing adoption of advanced technologies are altogether propelling the growth of the global EV fast charger market. the DC fast-charging segment is projected to grow at the highest CAGR during the forecast period. The high growth of this segment is mainly attributed to growing government initiatives for installing fast-charging stations, rebate on the purchase of DC fast-charging stations, increasing investments from automakers towards the development of DC fast-charging station infrastructure to support their long-range battery-electric vehicle, and ability of DC fast chargers to provide faster charging as compared to Level 1 & Level 2 charging stations. The rapid growth of this segment is mainly attributed to the increasing software adoption to overcome the optimum power challenges and optimize charging station operation; high configurability offering services to EV owners, such as send notifications about the availability of charging stations or completion of charging, and increasing adoption of smart charging management software by OEMs. This act as a value added feature to the Fast charging station further propelling the adoption of the product and driving the market.
In recent years, the growing adoption of electric vehicles due to their efficiency and eco-friendly nature has driven the demand for fast-charging infrastructure. The total number of electric vehicle charging stations globally was 2.1 million in 2019, and by 2030, China, the European Union, and the U.S. are expected to have a cumulative total of 120 million electric vehicles on the road. The total energy required for charging electric vehicles will roughly increase from 20 billion kilowatt-hours in 2020 to 280 billion kilowatt-hours in 2030. Electric vehicles are expected to be utilized for city commutes as well as for long-distance traveling. Most of the EVs available in the market do not have a range of more than 100 miles and require fast-charging solutions to ensure smooth, uninterrupted travel.
Stakeholders in electric mobility are constantly investing in the R&D of fast-charging solutions. In Europe and China, where there is a lack of dedicated private garages with home charging facilities, public fast-charging stations can become optimal solutions for supporting the high adoption of battery electric vehicles in these regions. Leading charging systems network operators worldwide have announced projects for the deployment of fast-charging stations. Fast charging stations can support more battery electric vehicles than Level 2 public charging stations. For instance, major cities in China are deploying fast-charging stations, such as Level 2 chargers, to address the need of EV drivers who do not have designated chargers and rely on public charging stations to charge their vehicles. Hence, the growing share of battery electric vehicles in new vehicle sales worldwide further increases the requirement for fast-charging stations.
COVID-19 impact
The COVID-19 pandemic outbreak has caused a widespread economic downturn. Several countries imposed strict lockdowns to contain the infection, thereby leading to the shutdown of manufacturing industries and disruptions in supply chains and production schedules. There has been a significant impact on technology supply chains globally. The economic slowdown has significantly disrupted the automotive industry, causing rapid declines in light vehicle sales. The light vehicles market suffered a decline in revenue close to 20% in 2020. Furthermore, shifts in consumer purchasing behavior due to uncertainty surrounding the pandemic are expected to have significant consequences for the industry's near-future growth. Meanwhile, shortfall and cash crunch have already affected fleet operators' sales, which is expected to widen further in the coming months.
Highlighted with 84 tables and 81 figures, this 170-page report “Global Electric Vehicle (EV) Fast Charging System Market 2020-2030 by Connector Type, Charging Power, Application, Vehicle Type, EV Type, and Region: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire global EV fast charging system market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2015-2020 and provides forecast from 2021 till 2030 with 2020 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify global EV fast charging system market in every aspect of the classification from perspectives of Connector Type, Charging Power, Application, Vehicle Type, EV Type, and Region.
Based on Connector Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2020-2030 included in each section.
• CHADeMO
• SAE Combo Charging System
• Supercharger
• GB/T
Based on Charging Power, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2020-2030 included in each section.
• 50-150 KW
• 150-350 KW
• Over 350 KW
Based on Application, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2020-2030 included in each section.
• Public Fast-charging Systems
• Private Fast-charging Systems
Based on Vehicle Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2020-2030 included in each section.
• Light Vehicles
• Heavy Vehicles
Based on EV Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2020-2030 included in each section.
• Battery Electric Vehicle (BEV)
• Plug-in Hybrid Electric Vehicle (PHEV)
Geographically, the following regions together with the listed national/local markets are fully investigated:
• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
• Europe (Germany, UK, France, Netherlands, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Switzerland, Spain, Turkey, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
• North America (U.S., Canada, and Mexico)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (UAE, Saudi Arabia, South Africa)
For each aforementioned region and country, detailed analysis and data for annual revenue ($ mn) are available for 2020-2030. The breakdown of all regional markets by country and split of key national markets by Charging Power, Application, and EV Type over the forecast years are also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Specifically, potential risks associated with investing in global EV fast charging system market are assayed quantitatively and qualitatively through GMD’s Risk Assessment System. According to the risk analysis and evaluation, Critical Success Factors (CSFs) are generated as a guidance to help investors & stockholders identify emerging opportunities, manage and minimize the risks, develop appropriate business models, and make wise strategies and decisions.
Key Players (this may not be a complete list and extra companies can be added upon request):
ABB Ltd.
Blink Charging Co.
BP Chargemaster Ltd.
Broadband TelCom Power, Inc.
ChargePoint Inc.
Delta Electronics, Inc.
Efacec Electric Mobility
EVBox
EVgo
ShenZhen SETEC Power Co., Ltd.
Siemens AG
Signet EV Inc.
Star Charge
Tesla, Inc.
Tritium Pty Ltd
Xi'an TGOOD Intelligent Charging Technology Co., Ltd.
(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
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