Asia-Pacific Electric Vehicle Charging Equipment Market – Share, Outlook, Trends, Size and Forecast (2024 – 2032)

An electric vehicle (EV) charger provides the electricity used to recharge the batteries in a pure plug-in hybrid electric vehicle (PHEVs) and EVs. The market includes wired or wireless EV charger which is used residentially or commercially to charge EVs.

Asia Pacific Electric Vehicle Charging Equipment Market Segments Size & Growth:

Asia Pacific Electric Vehicle Charging Equipment Market is expected to increase by an $XX billion by 2024 at a CAGR of XX%. The rising adoption of electric vehicles is expected to be more in the passenger cars which is driving the market growth. Due to the increasing adoption of these electric vehicles accounted for the growth of research & development activities and initiatives undertaken to improve the existing EV models. Safety concerns about electric vehicle charging systems are hampering the adoption of these systems to a certain extent.

Asia Pacific Electric Vehicle Charging Equipment Market Segments Share:

Asia Pacific Electric Vehicle Charging Equipment market is segmented into a type which includes Inductive charging station, Ac charging station, and Dc charging station. AC charging stations accounted the largest share in 2017 and estimated to grow at a moderate CAGR during the forecasting period. When compared to the Dc charging stations, AC charging stations are convenient, less expensive, and require less modification or upgrades as they work on 120V or 240 VAC, which is same as that used for residences. DC chargers can charge an EV in 20-30 minutes. These chargers can transform high-voltage AC to DC, for storage in electric vehicles. Based on the connector type, Asia Pacific Electric Vehicle Charging Equipment is segmented into CCS, Chademo, and Others. The term CHAdeMO was derived from CHArge de MOve. CHAdeMo accounted the largest share in global electric vehicle charging equipment.

CHAdeMO connectors can deliver 62.5 kW of DC and are specified by Japan Electric Vehicle Standard (JEVS).  CHAdeMO connectors have capabilities include independence between the AC and DC inlets of CHAdeMO which allows a flexible vehicle design. By location type, Asia Pacific Electric Vehicle Charging Equipment market is divided into public and private. Private location type accounted the largest share in 2017 and estimated to continue during the forecasting period. This because of people prefers to charge their cars at their residentials just use them for the next day.  Based on end-user electrical vehicle charging market is segmented into commercial, residential and others. Residential segment accounted the largest EV charging station market size as households are likely to charge their electric vehicles at homes to use them used next day.

APAC accounted for the largest share of the electric vehicle charging equipment market in 2016 owing to high EV infrastructure spending and the increasing use of electric vehicles in countries such as Japan and China. Moreover, countries such as India and South Korea are taking many initiatives to reduce greenhouse gas emissions by increasing the production of electric vehicles across the country and investing for the expansion of the charging infrastructure. Americas are the fastest growing regions and estimated to grow at a considerable CAGR during the forecasting period.

Asia Pacific Electric Vehicle Charging Equipment Market Trends:

• ABB Terra 53 is a multi-standard DC charging station 50 kW CCS and CHAdeMO, and 60kW GB by ABB Ltd.
• Durastation is an electric charger offered by the general electric company which offers fast charging and capable of reducing time span of charging.
• Bosch Pedestal Level 2 EV Charger is a weatherproof and power output ranges from the 12-32 amps.
• EVF2S22P02 is a charging station used in the public places for charging and was designed by the general electric company.

Asia Pacific Electric Vehicle Charging Equipment Market Research Report:

An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.

To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.

Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year

Identifying DROC in the current market and their impact in altering the market dynamics.

Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial analysis with major competitors.

Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.

• ABB Ltd
• General electric company
• Robert Bosch GmbH
• Schneider Electric SE
• Qualcomm, Inc.

Along with these companies, there were many other companies considered/cited in the report while analysing the Asia Pacific Electric Vehicle Charging Equipment market. These companies hold substantial share-owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and strong customer base