Dublin, March 25, 2019 (GLOBE NEWSWIRE) -- The "Electric Vehicle Supply Equipment Market" report has been added to ResearchAndMarkets.com's offering.
As this report is concerned only with charging systems for passenger PEVs, much of this growth is directly related to the growth of that market. With each PEV delivered, the supplier provides a cordset that allows charging at an electrical outlet, typically for emergency or stranded charging.
Consequently, the quantity of cordsets represents the largest segment in the market. However, because of their low cost, their market value is smaller than all types other than basic AC Level 1.
In addition to the growth in PEVs, continued incentives and goals related to the establishment of public infrastructure is expected to contribute significantly to this market, with significant growth in both AC Level 2 and DC fast chargers. Although eclipsed in numbers, the higher cost of the DC fast charger contributes to its large market share.
It is the higher cost of DC fast chargers that currently tends to push the infrastructure, in terms of quantity, toward AC Level 2 EVSE. Increasingly, DC fast chargers will be deployed, especially along transportation corridors. However, as is the case with most public infrastructure, actual charging utilization will be key in terms of a successful business model.
Basic AC Level 1 equipment is primarily used in North America for fleet and workplace applications, with most public infrastructure installed as Basic or Smart AC Level 2. (This category in this report also includes AC Modes 2 and 3.) Basic AC Level 1 may represent a market opportunity as more employers seek to provide employee benefits, as it apparently has fewer dedicated suppliers.
As the reporting period advances, smart equipment is expected to capture additional market share as more equipment is networked and the advantages of connected equipment are recognized. In addition, PEV batteries are expected to increase in capacity, leading to longer ranges for BEVs. However, this will also require faster rates of recharge.
Electric Vehicle Supply Equipment Market details actual figures for 2013 and 2017 and compound annual growth rate (CAGR) projections for 2018 through 2023 for global and regional markets. Sales values are provided under consensus, optimistic and pessimistic scenarios. A discussion of emerging technologies describes the areas in which research is being performed and incentivized and their anticipated effects in future markets.
Note that values are expressed in millions of dollars, and shipments are expressed in 1,000 units. In both cases, totals are rounded to the nearest integer (i.e., less than $500,000 is expressed as $0). Values are based on the equivalent of retail, which is the price publicly advertised. While incentives exist for the private sale of PEVs, incentives to reduce the cost of charging systems are primarily restricted to those installed in public locations.
The equipment detailed in this report includes those that interface between the electric utility supplied power source and the PEV. Because these may or may not technically be chargers, as will be defined below, the term electric vehicle supply equipment (EVSE) is used. Differences in geographic markets also exist in part because the electricity is generated and supplied differently.
This report defines the differing technologies employed by EVSE suppliers and the related market sectors, identifies leading supplier companies and analyzes markets in differing geographic markets to provide a five-year forecast. Finally, the company profiles section provides the status of and recent events for companies providing EVSE.
The report includes:
Topics Covered
Chapter 1 Introduction
Chapter 2 Summary and Highlights
Chapter 3 Market and Technology Background
Chapter 4 Market Breakdown by Technology Type
Chapter 5 Market Breakdown by End User
Chapter 6 Market Breakdown by Application
Chapter 7 Market Breakdown by Region
Chapter 8 Patent Review/ New Developments
Chapter 9 Analysis of Market Companies
For more information about this report visit https://www.researchandmarkets.com/research/78z3qr/the_worldwide?w=12
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