Electrification in Commercial Vehicles (CV) will increase globally with the framing of strict emission regulations. The need for the charging infrastructure is growing with the electric CV sales, and the market for charging equipment manufacturers is expected to open up with huge opportunities.
This study provides an overview of the key technology trends in the electric vehicle charging infrastructure market and also provides the demand forecast of charging stations and revenue forecast of the charging equipment market till 2030.
Out of 4 charging types (plug-in charging, induction charging, pantograph charging, and battery swapping), plug-in charging is widely used, and hence, different types of plug-in charging are studied in brief. Electric CV sales will reach 2.18 million units globally by 2030, creating a huge demand for electric vehicle charging equipment, whose revenue is expected to grow to $885 billion globally, by 2030. This research study covers plug-in Alternating Current (AC) and Direct Current (DC) charging systems used for electric CV application.
China will clearly dominate, driven mainly by aggressive incentive structures, both for electric vehicles and purchase and installation of charging equipment across highways. Europe and North America are expected to be the next largest markets after China.
DC fast charging technology will be the widely adopted technology for CVs. Up to 350 kW ultra-fast DC chargers are developed to charge medium and heavy duty trucks. The next wave of charging technology, with more than 1 MW capacity, is under development by OEMs and charging equipment manufacturers. China is leading the electrification wave, with the introduction of new GB/T charging standard with capacity up to 900 kW.
Though high-capacity chargers are anticipated to be in place, the need for lower-power AC and DC charging units (up to 50 kW) will still exist in small quantities within cities; both fast and slow chargers will co-exist as the EV market expands. Charging associations like CHAdeMO and CHARIN are developing fast-charging technologies and standards to ensure interoperability of charging stations between various EV models.
With the development of charging technology and growth of the electric vehicle charging equipment market, expectations from fleets will increase in the long term, including reduced charging time, geographical coverage, parking feasibility, and competitive pricing. Automakers, charging equipment manufacturers, and charging point operators are likely to collaborate in the near-to-short term to offer value-added offerings. Value-chain integration and ecosystem expansion will be the next focus.
Along with technology advancements, intense competition is foreseen among equipment manufacturers to adopt technologies and gain market share. With increasing potential, government, oil and gas companies, utility companies, OEMs, and other value-chain participants will soon invest in expanding the charging infrastructure. The study also discusses about the revenue models and demand forecast of charging equipment units in detail.
Companies Mentioned
Siemens
Bombardier
SAIC (Anyo Charging)
Chanje
CHAdeMO
CHARIN
Key Topics Covered
1. Executive Summary
Key Findings
Charging Stations - Demand Forecast by 2030
Global Electric Charging Equipment Market - Revenue Forecast
Global Electric CV VIO Forecast - Overview
Factors Driving EV Infrastructure
Technology Roadmap
Potential EV Charging Models
Charging Infrastructure Standard by Region
SWOT Analysis
2. Research Scope, Objectives, Background, and Methodology
Research Scope
Powertrain Technology Segmentation
Types of Charging Solutions
Definitions
Research Aims and Objectives
Key Questions this Study will Answer
Research Background
Research Methodology
Partial List of Industry Participants
3. Charger Types and Standards
Charger Socket Types
DC Charger Types and Standards
Charging Capacity Versus Time
4. Electric Commercial Vehicle Charging Technology
Schematic Representation of AC and DC Charging
CHAdeMO
CHAdeMO Chargers
China - CEC and CHAdeMO Collaboration on Ultra-fast Charging Standard
Charging Interface Initiative (CHARIN)
Pantograph Charging
Types of Pantograph Charging Solutions
Induction Charging
Battery Swapping
Battery Swapping Ecosystem
Future of Battery Chemistries
5. EV Charging Infrastructure - Incentives and Key Developments
Incentives in North America
Incentives in Europe
Incentives in China
North America - Charging Infrastructure Programs
Europe - Charging Stations per 60 km Motorway
6. EV Charging Infrastructure Ecosystem and Business Model
EV Charging Infrastructure - Value Chain Snapshot
Key Participants in the EV Charging Infrastructure Value Chain
Charging Ecosystem - Value Mapping
Business Model Benchmarking of Key Operators
7. EV Charging Infrastructure Cost Analysis
Electric Charging Infrastructure Costs - Assumptions
Revenue Model by Time of Use
Revenue Model by Energy Used
Investments in Building Charging Infrastructure
Charging Infrastructure Revenue Model
8. Truck and Bus Market Electrification Forecast
Top 4 Market Trends Influencing the Adoption of Electric Vehicles
Political and Legislative Posture to Accelerate Electrification
TCO Comparison for Breakeven of Electrification
TCO Comparison for Urban Delivery Application
TCO Comparison for Long-haul Application
Market Scenario Analysis of Electric CV Sales
Global Electric CV VIO Forecast - Overview
Electric LDT VIO Forecast by Region and Powertrain Type
Electric MDT VIO Forecast by Region and Powertrain Type
Electric HDT VIO Forecast by Region and Powertrain Type
Electric Bus VIO Forecast by Region and Powertrain Type
9. Charging Equipment Market and Infrastructure Demand Forecast
Use Case Analysis for Charging Types
Electric Charging Infrastructure Demand Forecast - Assumptions
Global Electric Charging Equipment Market - Revenue Forecast
North America - Charging Station Demand Forecast
Europe - Charging Station Demand Forecast
China - Charging Station Demand Forecast
Charging Equipment Market Demand Forecast by Region
10. Case Studies
Siemens - Building Pantograph Solutions
Bombardier - First Inductive Fast Charging System
SAIC (Anyo Charging) - Engaged in Charging Operations
Chanje - Charging-as-a-Service (CaaS)
11. Growth Opportunities and Companies to Action
Growth Opportunity - EV Charging Infrastructure for Commercial Vehicles
| Press Release
