ARC Advisory Group Market Research: The Coming Whirlwind of EV Charging Systems
Industry: Manufacturing
ARC Advisory Group's new report on the electric vehicle charging market reveals that EV charging will soon be ubiquitous, often exceeding the service levels of gas and diesel fueling stations.
Boston, MA (PRUnderground) July 18th, 2023
ARC’s new report examines the top providers and trends in the electric vehicle charging systems market. ARC forecasts strong and robust growth overall. Within regional and even local market ecosystems, the end user market perspective of EVs offering lower cost per mile with a lower total lifecycle cost is now taking hold. Charging systems are being closely aligned with their underlying vehicular applications, from singular home charging to a variety of fleet charging scenarios. Similarly, a range of supported charger ancillary functions continue to develop, often unique to each economy.
“While growth is accelerating, in general, the inflection point for each economy will tend to occur when the perceived cost of electrified transportation is below that of ICE vehicles. In developed countries these are likely to be four-wheeled vehicles, while in developing economies, two and three-wheeled vehicles will lead in adoption. Similarly charging business processes differ by economy and geography where some operators of fleet charging operations allow public charging during off hours,” according to Jim Frazer Vice President of Research and key author of ARC’s Electric Vehicle Charging Infrastructure Systems Market Research Report.
In addition to providing detailed competitive market share data, the report also addresses key market trends as follows:
Leading Trends
Electrification of all fossil-fueled vehicles and devices
Government mandates
ICE Fuel Cost
Portable Chargers
Leading Suppliers to the Electric Vehicle Charging Infrastructure Market Identified
In addition to providing specific market data and industry trends, this ARC market research also identifies and positions the leading suppliers to this market and provides and summarizes their relevant offerings. An alphabetical list of key suppliers covered in this analysis includes: ChargePoint, Schneider Electric, Siemens, Tesla, and WallBox.
About the Electric Vehicle Charging Infrastructure Systems Research
https://www.arcweb.com/market-studies/electric-vehicle-charging
The Electric Vehicle Charging Infrastructure Systems report explores the current and future market performance and related technology and business trends and identifies leading technology suppliers. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modeling techniques. The research includes competitive analysis, plus five-year market forecasts. The report segmentation includes Revenue Category, Sales Channel, World Region, Customer Type, Overall Scope, and Level.
This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations. These include:
Market Intelligence Workbook (Excel Power Pivot)
A standard Workbook includes the base year market data and a five-year market forecast. This workbook enables licensed users to freely manipulate the data to make it easier to analyze the latest data for business intelligence and generate custom reports.
Concise Market Analysis Report (PDF)
This wide-screen presentation format makes it much easier to find detailed information on a market. This new format provides executives, business unit managers, and other authorized users with immediate access to in-depth market analysis, including analysis associated with every market data chart and figure. Included is an executive-level summary of the current market dynamics, a five-year market forecast, and competitive analysis, plus an overview of strategic issues. The PDF is available with a comprehensive set of charts with associated analysis.
About ARC Advisory Group
Founded in 1986, ARC Advisory Group is the leading technology research and advisory firm for industrial markets and energy. We are globally-respected experts in operational technology (OT), information technology (IT), and engineering technologies (ET). Our operations-centric view gives us the unique ability to help our clients navigate the complex business issues inherent in industrial markets and increasingly digital and disrupted economies. ARC delivers the critical market guidance, data, and thought leadership needed to identify, create, and execute successful business strategies.
In today’s fast paced and competitive environment, you need an expert on your side, someone that will assist you with strategic decisions, guide you with industry best practices and latest technology solutions. That is the ARC Advisory Group purpose. ARC will make you more competitive through our advisory services, technology evaluation and selection services, our extensive research database, analyst consultation, and our vision. Regardless of your measure – Operational Performance, Return on Assets, Cost of Ownership, Time to Benefit, or Shareholder Value – ARC will deliver and you will be more competitive.