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
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| Regions covered | China, India, Japan, South Korea, Rest of Asia-Pacific
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| 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
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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:
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By Vehicle Type:
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Commercial Vehicle
Passenger Car
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By Charger Type:
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AC Charging Station
DC Charging Station
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By Application:
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Private
Public
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By Region:
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China
India
Japan
South Korea
Rest of Asia-Pacific
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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 report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Asia-Pacific Electric Vehicle Charging Station Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Asia-Pacific Electric Vehicle Charging Station Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. 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, 2023-2033
7.2. Commercial Vehicle
7.3. 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, 2023-2033
8.2. AC Charging Station
8.3. 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, 2023-2033
9.2. Private
9.3. 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. China
14.4. India
14.5. Japan
14.6. South Korea
14.7. Rest of Asia-Pacific
15. Company Profile
15.1. ABB Ltd.
15.1.1. Company details
15.1.2. Financial outlook
15.1.3. Product summary
15.1.4. Recent developments
15.2. Charzer Tech Pvt Ltd.
15.2.1. Company details
15.2.2. Financial outlook
15.2.3. Product summary
15.2.4. Recent developments
15.3. Delta Electronics Inc.
15.3.1. Company details
15.3.2. Financial outlook
15.3.3. Product summary
15.3.4. Recent developments
15.4. Exicom Telesystems Ltd.
15.4.1. Company details
15.4.2. Financial outlook
15.4.3. Product summary
15.4.4. Recent developments
15.5. Kinetic Green Energy and Power Solutions Ltd
15.5.1. Company details
15.5.2. Financial outlook
15.5.3. Product summary
15.5.4. Recent developments
15.6. SCHNEIDER ELECTRIC SE
15.6.1. Company details
15.6.2. Financial outlook
15.6.3. Product summary
15.6.4. Recent developments
15.7. Siemens AG
15.7.1. Company details
15.7.2. Financial outlook
15.7.3. Product summary
15.7.4. Recent developments
15.8. STAR CHARGE
15.8.1. Company details
15.8.2. Financial outlook
15.8.3. Product summary
15.8.4. Recent developments
15.9. Tata Power Company Limited
15.9.1. Company details
15.9.2. Financial outlook
15.9.3. Product summary
15.9.4. Recent developments
15.10. TecSo ChargeZone Ltd
15.10.1. Company details
15.10.2. Financial outlook
15.10.3. Product summary
15.10.4. Recent developments
15.11. Tesla Inc.
15.11.1. Company details
15.11.2. Financial outlook
15.11.3. Product summary
15.11.4. Recent developments
15.12. Toyota Connected Corporation
15.12.1. Company details
15.12.2. Financial outlook
15.12.3. Product summary
15.12.4. Recent developments
15.13. 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.
