Asia Pacific EV Charging Station Market Growth, Size, Trends, Revenue, Share and Future Outlook
Asia Pacific Electric Vehicle Charging Station Market Size- By Vehicle Type, By Charger Type, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Jan-2024 | Report ID: AMIN2423 | Pages: 1 - 156 | Formats*: |
| Category : Automotive & Transportation | |||
Asia-Pacific Electric Vehicle Charging Station Market Introduction and Overview
According to SPER Market Research, the Asia-Pacific Electric Vehicle Charging Station Market is estimated to reach USD XX billion by 2033 with a CAGR of XX%.
The report includes an in-depth analysis of the Asia-Pacific Electric Vehicle Charging Station Market, including market size and trends, product mix, applications, and supplier analysis. Electric vehicle charging station, sometimes known as electric vehicle supply equipment (EVSE), are useful for plug-in hybrids, electric cars, and neighbourhood electric vehicles. The features of these charging station differ; some are simpler, while others have smart metres, cellular capability, and network connectivity. EVSE is a product that electric utility companies and private enterprises sell. It is typically located in public areas such as parking lots and retail centres. These station include particular connectors that follow certain electrical standards, making it easier to charge plug-in electric cars. Energy conversion system, software, facility metre, energy controller, and other components must be connected to the power grid in order for the charging process to begin.
- July 2023: Volkswagen AG announced a large 110 million USD investment to build China's infrastructure for charging stations. The firm and CAMS New Energy Technology (CAMS) established a strategic alliance to lead the nation's charging station initiative.
- September 2022: The well-known Australian company Tritium, which makes the hardware for DC EV chargers on highways, recently revealed its grand proposal to supply Electric Vehicle Supply Equipment (EVSE) for a massive 7,000-kilometer charging corridor project in Western Australia. This project is one of the biggest EV infrastructure projects in the world.
Market Opportunities and Challenges
Since they are more efficient and environmentally friendly than other vehicles, electric vehicles have become more and more popular in recent years. This has led to a greater need for fast-charging infrastructure and profitable opportunities for expansion in the market. With financial backing from electric mobility firms, ongoing advancements in quick-charging technologies are underway. In Europe and China, public fast-charging stations emerge as a pivotal driver for widespread adoption of battery-electric vehicles. Prominent charging network operators are unveiling initiatives to deploy swift charging station, surpassing the capacity of Level 2 counterparts. Notably, major Chinese cities are strategically placing fast-charging stations, like Level 2 chargers, to cater to electric vehicle drivers reliant on public infrastructure. The rising market share of battery electric vehicles globally amplifies the demand for rapid-charging station amid shifting consumer preferences.
The market for electric car charging station is facing significant challenges due to the high initial costs involved in building them and other related components. Transformers, further substations, cables, and ancillary equipment for metering and termination are required for the construction of these station. In addition, enough room is needed for electric car access, parking, and departure. Moreover, there must be enough charging station to allow for simultaneous vehicle charging. Adding to the difficulties, producers of electric cars must overcome a considerable obstacle to acquire local certificates compliant with state laws. The financial burden is exacerbated by the prohibitive expense of building the infrastructure required for charging electric vehicles. Widespread market expansion is hindered by this substantial initial investment, especially in light of the higher cost of electric vehicles than of conventional internal combustion engines vehicles.
Market Competitive Landscape
A number of significant companies, including Schneider Electric SE, ABB Ltd., Tesla Inc., Delta Electronics Inc., and Star Charge, are dominating the Asia-Pacific market for electric vehicle charging station. To support the infrastructure for charging, these businesses are actively working with governments. Furthermore, in order to facilitate fast charging and keep a competitive edge, they are dedicated to ongoing technological improvement. In addition, they are systematically placing charging station in different public areas in an effort to seize a large share of the market.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Vehicle Type, By Charger Type, By Application |
| Regions covered | China, India, Japan, South Korea, Rest of Asia-Pacific |
| Companies Covered | ABB Ltd., Charzer Tech Pvt Ltd., Delta Electronics Inc., Exicom Telesystems Ltd., Kinetic Green Energy and Power Solutions Ltd, SCHNEIDER ELECTRIC SE, Siemens AG, STAR CHARGE, Tata Power Company Limited, TecSo ChargeZone Ltd., Tesla Inc., Toyota Connected Corporation, Others |
COVID-19 Impact on Asia-Pacific Electric Vehicle Charging Station Market
The COVID-19 pandemic has affected the global car industry, which has impeded the growth of the electric vehicle charging station market in Asia Pacific. Customers were compelled by the pandemic to put off buying electric cars because of travel restrictions and stringent lockdown procedures implemented in some regions of the region. Furthermore, because the bulk of the raw materials used in EV charging station are imported from China to other nations including Hong Kong, Indonesia, and South Korea, among others, the industry is experiencing a lack of raw materials due to supply chain disruptions. But after the lockdown lift, the sector saw a strong trend in EV adoption by the end of 2020, which helped fuel the market's expansion.
Key Target Audience:
- Consumers
- Automobile Manufacturers
- Government and Regulatory Bodies
- Investors and Financial Institutions
- Academic and Research Institutions
- Non-Governmental Organizations (NGOs) and Advocacy Groups
- Insurance Companies
- Smart Cities and Urban Planners
- Transportation and Logistics Companies
- Media and Communication Outlets
Our in-depth analysis of the Asia-Pacific Electric Vehicle Charging Station Market includes the following segments:
| By Vehicle Type: |
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| By Charger Type: |
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| By Application: |
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| By Region: |
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Key Topics Covered in the Report:
- Asia-Pacific Electric Vehicle Charging Station Market Size (FY’2023-FY’2033)
- Overview of Asia-Pacific Electric Vehicle Charging Station Market
- Segmentation of Asia-Pacific Electric Vehicle Charging Station Market By Vehicle Type (Commercial Vehicle, Passenger Car)
- Segmentation of Asia-Pacific Electric Vehicle Charging Station Market By Charger Type (AC Charging Station, DC Charging Station)
- Segmentation of Asia-Pacific Electric Vehicle Charging Station Market By Application (Private, Public)
- Statistical Snap of Asia-Pacific Electric Vehicle Charging Station Market
- Expansion Analysis of Asia-Pacific Electric Vehicle Charging Station Market
- Problems and Obstacles in Asia-Pacific Electric Vehicle Charging Station Market
- Competitive Landscape in the Asia-Pacific Electric Vehicle Charging Station Market
- Impact of COVID-19 and Demonetization on Asia-Pacific Electric Vehicle Charging Station Market
- Details on Current Investment in Asia-Pacific Electric Vehicle Charging Station Market
- Competitive Analysis of Asia-Pacific Electric Vehicle Charging Station Market
- Prominent Players in the Asia-Pacific Electric Vehicle Charging Station Market
- SWOT Analysis of Asia-Pacific Electric Vehicle Charging Station Market
- Asia-Pacific Electric Vehicle Charging Station Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Asia-Pacific Electric Vehicle Charging Station Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Asia-Pacific Electric Vehicle Charging Station Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Asia-Pacific Electric Vehicle Charging Stations Market
7. Asia-Pacific Electric Vehicle Charging Stations Market, By Vehicle Type (USD Million)
7.1. Asia-Pacific Electric Vehicle Charging Station Market Value Share and Forecast, By Vehicle Type, 2023-20337.2. Commercial Vehicle7.3. Passenger Car
8. Asia-Pacific Electric Vehicle Charging Station Market, By Charger Type (USD Million)
8.1. Asia-Pacific Electric Vehicle Charging Station Market Value Share and Forecast, By Charger Type, 2023-20338.2. AC Charging Station8.3. DC Charging Station
9. Asia-Pacific Electric Vehicle Charging Station Market, By Application (USD Million)
9.1. Asia-Pacific Electric Vehicle Charging Station Market Value Share and Forecast, By Application, 2023-20339.2. Private9.3. Public
10. Asia-Pacific Electric Vehicle Charging Station Market Forecast, 2019-2033 (USD Million)
10.1. Asia-Pacific Electric Vehicle Charging Station Market Size and Market Share
11. Asia-Pacific Electric Vehicle Charging Station Market, By Vehicle Type, 2019-2033 (USD Million)
11.1. Asia-Pacific Electric Vehicle Charging Station Market Size and Market Share By Vehicle Type (2019-2026)11.2. Asia-Pacific Electric Vehicle Charging Station Market Size and Market Share By Vehicle Type (2027-2033)
12. Asia-Pacific Electric Vehicle Charging Station Market, By Charger Type, 2019-2033 (USD Million)
12.1. Asia-Pacific Electric Vehicle Charging Station Market Size and Market Share By Charger Type (2019-2026)12.2. Asia-Pacific Electric Vehicle Charging Station Market Size and Market Share By Charger Type (2027-2033)
13. Asia-Pacific Electric Vehicle Charging Station Market, By Application, 2019-2033 (USD Million)
13.1. Asia-Pacific Electric Vehicle Charging Station Market Size and Market Share By Application (2019-2026)13.2. Asia-Pacific Electric Vehicle Charging Station Market Size and Market Share By Application (2027-2033)
14. Asia-Pacific Electric Vehicle Charging Station Market, By Region, 2019-2033 (USD Million)
14.1. Asia-Pacific Electric Vehicle Charging Station Market Size and Market Share By Region (2019-2026)14.2. Asia-Pacific Electric Vehicle Charging Station Market Size and Market Share By Region (2027-2033)14.3. China14.4. India14.5. Japan14.6. South Korea14.7. Rest of Asia-Pacific
15. Company Profile
15.1. ABB Ltd.15.1.1. Company details15.1.2. Financial outlook15.1.3. Product summary15.1.4. Recent developments15.2. Charzer Tech Pvt Ltd.15.2.1. Company details15.2.2. Financial outlook15.2.3. Product summary15.2.4. Recent developments15.3. Delta Electronics Inc.15.3.1. Company details15.3.2. Financial outlook15.3.3. Product summary15.3.4. Recent developments15.4. Exicom Telesystems Ltd.15.4.1. Company details15.4.2. Financial outlook15.4.3. Product summary15.4.4. Recent developments15.5. Kinetic Green Energy and Power Solutions Ltd15.5.1. Company details15.5.2. Financial outlook15.5.3. Product summary15.5.4. Recent developments15.6. SCHNEIDER ELECTRIC SE15.6.1. Company details15.6.2. Financial outlook15.6.3. Product summary15.6.4. Recent developments15.7. Siemens AG15.7.1. Company details15.7.2. Financial outlook15.7.3. Product summary15.7.4. Recent developments15.8. STAR CHARGE15.8.1. Company details15.8.2. Financial outlook15.8.3. Product summary15.8.4. Recent developments15.9. Tata Power Company Limited15.9.1. Company details15.9.2. Financial outlook15.9.3. Product summary15.9.4. Recent developments15.10. TecSo ChargeZone Ltd15.10.1. Company details15.10.2. Financial outlook15.10.3. Product summary15.10.4. Recent developments15.11. Tesla Inc.15.11.1. Company details15.11.2. Financial outlook15.11.3. Product summary15.11.4. Recent developments15.12. Toyota Connected Corporation15.12.1. Company details15.12.2. Financial outlook15.12.3. Product summary15.12.4. Recent developments15.13. Others
16. List of Abbreviations
17. Reference Links
18. Conclusion
19. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Asia-Pacific Electric Vehicle Charging Station Market is projected to reach USD XX Billion by 2033, growing at a CAGR of XX% during the forecast period.
Asia-Pacific Electric Vehicle Charging Station Market grew in market size from 2023. The Market is expected to reach USD XX Billion by 2033, at a CAGR of XX% during the forecast period.
Asia-Pacific Electric Vehicle Charging Station Market CAGR of XX% during the forecast period.
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Asia-Pacific Electric Vehicle Charging Station Market size is USD XX Billion from 2023 to 2033.
Asia-Pacific Electric Vehicle Charging Station Market Segment is Covered By Vehicle Type, By Charger Type, By Application
The Asia-Pacific region is anticipated to have the highest market share in Asia-Pacific Electric Vehicle Charging Station Market.
The key players in the market include Companies Covered ABB Ltd., Charzer Tech Pvt Ltd., Delta Electronics Inc., Exicom Telesystems Ltd., Kinetic Green Energy and Power Solutions Ltd, SCHNEIDER ELECTRIC SE, Siemens AG, STAR CHARGE, Tata Power Company Limited, TecSo ChargeZone Ltd., Tesla Inc., Toyota Connected Corporation, Others
These stations include particular connectors that follow certain electrical standards, making it easier to charge plug-in electric cars. Energy conversion system, software, facility metre, energy controller, and other components must be connected to the power grid in order for the charging process to begin.
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