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Worldwide Electric Vehicle Charging Industry 2021 Market Study - Growth Opportunity Analysis

Research and Markets
·6 min read

Dublin, March 05, 2021 (GLOBE NEWSWIRE) -- The "2021 Study on the Transformation of Electric Vehicle (EV) Charging Technologies and Charging Infrastructure" report has been added to ResearchAndMarkets.com's offering.

This study gives a detailed analysis of the future adoption of charging technologies by OEMs across regions for both AC and DC charging.

The automotive industry is evolving rapidly, both in terms of technology and in tackling environmental issues. Electric vehicles (EVs) have been introduced as a clean energy initiative and are just now becoming an integral part of OEMs' business strategies.

Automakers like Volkswagen, Hyundai-Kia, and Renault-Nissan-Mitsubishi (RNM) are creating separate EV business units to prepare for the expected EV boom. However, the surge in EV demand will create a need for charging infrastructure as well as new safety regulations and standards. The EV market is picking up pace and OEMs are focusing on technological advancements which mainly deal with vehicle range and charging, which are the major challenges for the industry.

EV on-board chargers (OBCs) play an important role in deciding the charging time based on the specifications offered by OEMs. First-generation EVs were launched had the slowest form of charging with a 3.7 kW of charging power. This would require a minimum of 8 hours for charging for a 25kWh battery pack. With technological advancements, the power rating was upgraded to 6.6-22kW to enable fast AC charging.

98.3% of OEMs will shift from 3-5kW OBCs to 6-11kW ones. This is mainly due to the transformation in the EV charging infrastructure as most of it will be compatible with up to 43kW OBCs by 2027. 11kW OBCs are likely to become a standard in battery electric vehicles (BEVs) while 6-8kW OBCs will be highly adopted in plug-in hybrid electric vehicles (PHEVs). DC charging in BEVs will become a standard and a majority of OEMs will enable Beds with a 50-250kW charging capability.

Currently, there are only 2-3 PHEVs with a DC charging option. However, in the future, there will be at least 8 OEMs that will provide DC charging on PHEVs. Premium OEMs will focus on 350kW+ DC charging on select models; however, they will adopt 100-250kW as standard equipment. Mass-market BEVs will come with AC and DC options as standard since the average size of the battery pack will increase from 30-40kWh to 60-90kWh.

Due to low technical barriers, low cost and strong adaptability, AC charging points once became the first choice of operators, especially in residential, office and commercial places. However, in recent years, as the charging technology has matured, efficient DC charging points have gradually become popular. As the number and coverage of AC and DC charging points increase, integrated AC and DC (AC-DC) charging points will soon be eliminated.

22kW OBC will be offered as an option on certain models. However, the concept of dual OBC will emerge where two OBCs (11kW each) will be fitted on the vehicle.

Growth Opportunities

  • The industry is currently moving towards 6.6kW and 11kW OBCs as a majority of the OEMs are offering 6.6kW above OBCs

  • DC charging will be a default option in 100% of BEVs and over 80% of PHEVs

  • 3.3kW OBCs may not exist by 2027 in passenger EVs

  • 50kW DC charging will become a standard for entry-level EVs while a charging power between 5kW and 150 kW will exist in mass-market EVs

  • Premium OEMs will adopt ultrafast charging which will enable vehicles to charge at a high power ranging from 175kW to 350kW

  • EV charging infrastructure will develop rapidly in China, followed by Europe and the United States by 2025

Key Topics Covered:

1. Executive Dashboard

  • Key Trends

  • Historic EV Sales

  • AC On-board Charging by kW

  • Electric Charging Roadmap, OBC Strategy of PHEV OEMs

  • DC Charging by kW

  • Electric Charging Roadmap, DC Charging Strategy of PHEV OEMs

2. Strategic Imperatives

  • Why Is It Increasingly Difficult to Grow?

  • The Strategic Imperative 8T

  • The Impact of the Top 3 Strategic Imperatives on Charging Technologies for EVs

  • Growth Opportunities Fuel the Growth Pipeline EngineT

3. Growth Opportunity Analysis

  • Charging Technologies for EVs, Market Overview

  • Research Approach for Estimating OBC and DC Charging

  • Product Segmentation

  • Definition of EV Charging Infrastructure

  • Key Trends

  • Battery Capacity Range and Impact on Charging Capacity

4. Passenger Car EV Market Overview

  • Historic EV Sales

  • EV Market, 2019 Global Trends

  • xEV Passenger Car Breakdown by Region, 2027

  • Hybrid and EV Sales Mix, Forecast to 2027

5. AC On-board Charging Market Analysis

  • AC On-board Charging by kW

  • AC On-board Charging by BEV

  • AC On-board Charging by PHEV

  • AC On-board Charging by Region

  • AC On-board Charging by OEM

  • Electric Charging Roadmap, OBC Strategy of PHEV OEMs

  • Electric Charging Roadmap, OBC Strategy of BEV OEMs

6. DC Charger Market Analysis

  • DC Charging by kW

  • DC Charging by Vehicle Type

  • DC Charging by Region

  • DC Charging by OEM

  • Electric Charging Roadmap, DC Charging Strategy of PHEV OEMs

  • Electric Charging Roadmap, DC Charging Strategy of BEV OEMs

7. Regional Market Analysis

  • Existing Charging Infrastructure, United States

  • Charging Point Installations, United States

  • Charging Station Points Infrastructure Installation by Location, United States

  • Public Charging Infrastructure Providers, United States

  • EV Charging Infrastructure Deployment Projection, United States

  • Existing Charging Infrastructure, Europe

  • Charging Point Installations, Europe

  • Charging Station Points Infrastructure Installation by Location, Europe

  • Public Charging Infrastructure Providers, Europe

  • EV Charging Infrastructure Deployment Projection, Europe

  • Existing Charging Infrastructure, Japan

  • Charging Station Installations, Japan

  • Charging Station Points Infrastructure Installation by Location, Japan

  • Public Charging Infrastructure Providers, Japan

  • EV Charging Infrastructure Deployment Projection, Japan

  • Existing Charging Infrastructure, South Korea

  • Charging Point Installations, South Korea

  • Charging Station Points Infrastructure Installation by Location, South Korea

  • Public Charging Infrastructure Providers, South Korea

  • EV Charging Infrastructure Deployment Projection, South Korea

  • Existing Charging Infrastructure, China

  • Public Charging Point Installations, China

  • Charging Station Points Infrastructure Installation by Location, China

  • Public Charging Infrastructure Providers, China

  • EV Charging Infrastructure Deployment Projection, China

8. Profiles of On-board Charger and Charging Station Suppliers

  • Brusa Elektronik

  • LG Electronics

  • Shinry Technologies

  • Nichicon Corporation

  • Lear Corporation

  • Leopold Kostal

  • Continental AG

  • Shenzhen VMAX New Energy

  • BYD

  • Shenzhen INVT Electric (INVT)

  • Bosch EV Charging Solutions

9. Growth Opportunities Universe

  • Growth Opportunity 1 - EV On-board Chargers, 2019

10. Next Steps

  • Your Next Steps

11. List of Exhibits

For more information about this report visit https://www.researchandmarkets.com/r/zl1k9

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900