The electric vehicle supply equipment market is driven by significant growth in the electric vehicle market globally. Huge market growth will be observed in the upcoming period in the electric vehicle supply equipment market. Most of the government are focusing to change their vehicle fleet from IC engine vehicles to electric vehicles. The major motive for countries and government organizations to shift from IC vehicles to an electric vehicle is rising environmental pollution due to the combustion of fossil fuel and rising prices of crude oil in the international market. However, at present, the major hurdle for this is high charging time of the vehicle and inadequate charging facilities on roads, especially at the remote location. Hence, as the number of electric vehicles will increase in a region, the electric vehicle supply equipment market will also rise in that region.

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Some of the drivers of the electric vehicle supply equipment industry are large investment by the automakers in the electric vehicle and their infrastructure technology. Favorable government policies toward electric vehicles due to rising global warming is also expected to be a prominent factor for the adoption of electric vehicles. Under a campaign by International Energy Agency, Electric Vehicle Initiative (EVI) has launched EV30@30 in June 2017. The goal of the campaign is to reach 30% of sales for Electric vehicles by 2030. Lead countries in the initiative are China and Canada. Other member countries are Finland, France, India, Japan, Mexico, Netherland, Norway, and Sweden are also contributing to the market growth.

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Some of the restraints to the market is the lack of standardization of charging infrastructure globally. Due to the lack of standardization vehicle manufacturers are using a different kind of charging connectors for their vehicles. The connectors include Port J1772, CHAdeMO, SAE Combo CCS, Tesla HPWC, Nema 515, Nema 520 Nema 1450 (RV plug), and Nema 6-50. The variety of connectors can be problematic and will cost a higher price during the development of a universal charging station for vehicles. The high initial cost of an electric vehicle is also restricting the consumer to prefer electric vehicle over a conventional IC engine however the operational cost is lower in the case of electric vehicles which creates enormous opportunities for the market.



Market Segmentation
Global Electric Vehicle Supply Equipment Market by Charger Type
Level-1 Charger
Level-2 Charger
Level-3 Charger
Global Electric Vehicle Supply Equipment Market by Vehicle Type
Two-Wheelers
Passenger Cars
Commercial Vehicles
Global Electric Vehicle Supply Equipment Market by Station type
Stationary Charging Station (Plug-In)
Portable Charging Facilities

Regional Analysis
North America
US
Canada
Europe
UK
Germany
Italy
Spain
France
Rest of Europe
Asia-Pacific
China
India
Japan
Rest of Asia-Pacific
Rest of the World
Company Profile

ABB, Ltd.
Alfen Beheer B.V.
Allego B.V.
Blink Charging Co.
Bosch Automotive Service Solutions, Inc.
ChargePoint, Inc.
EFACEC Group
EV Safe Charge, Inc.
EV-Box B.V.
EVgo Services, LLC
Heliox B.V.
IONITY GmbH
Leviton Manufacturing Co., Inc.
Mitsubishi Electric Corp.
OpConnect, LLC
POD Point, Ltd.
Schneider Electric SE
SemaConnect, Inc.
Shell Group
Siemens AG
Tesla, Inc.
Volta Industries, Inc.
Webasto Charging Systems, Inc.
Yazaki Corp.

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