Global EV Charge Station Controllers Overview
An Electric Vehicle Charging Station (EV Charge Station) is an element in an infrastructure. It recharges the plug-in electric vehicles by supplying electric energy to them such as plug-in hybrids, neighbourhood electric vehicles, and electric cars. Some of the EVs that are used at home or work have inboard converters that can plug into a standard electrical outlet or a high capacity application outlet. The Internal Combustion Engine (ICE) vehicles are refuelled at gas stations, whereas, EVs could be recharged at multiple locations like residence, private charging networks and commercial charging stations.
Generation of low GHG’s emission by EVs is the major driving force for the growth of the global market due to increase in their sales. In addition, increasing awareness about environment pollution is also propelling the growth of the global market. Furthermore, enactment of stringiest rules and policies by government against fuel consumption is also fuelling the growth of EV thus increasing the global market growth. Moreover, deployment of EV chargers at public places to overcome the inefficiency of EV to travel long distance is boosting the growth of the target market. However, initial cost of set up for charging station is restricting the growth of the target market. Additionally, lack of standardization of charging unit may hamper the growth of the global market in the forecast period.
EV charge station controllers market has been segmented on the basis of system, charging type, electric vehicle type, vehicle type, application, and region. On the basis of system, the target market is divided into EV communication controller and supply equipment communication controller. On the basis of charging type, the EV charge station controllers market is divided into wired charging and wireless charging. On the basis of electric vehicle type, the EV charge station controllers market is divided into battery electric vehicle and plug-in hybrid electric vehicle. On the basis of vehicle type, the global market is divided into passenger cars and commercial vehicles. On the basis of application, the EV charge station controllers market is divided into home chargers and commercial chargers.
On the basis of region, the EV charge station controllers market has been segmented as North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Asia Pacific is expected to witness the highest CAGR as there has been a significant growth in terms of the EV sales. There has been a huge and extensive deployment in China followed by Japan. Moreover, North America is expected to the be second largest EV charge station controllers market, followed by Europe. OEMs (Original Equipment Manufacturers) in North America focus on the development of cleaner, faster and high-performance electric vehicles.
Key players operating in the EV charge station controllers market are AeroVironment Inc., ABB Ltd., ClipperCreek Inc., ChargePoint Inc., Eaton Corporation, Chargemaster PLC, General Electric Company, Leviton Manufacturing Company, Inc., SemaConnect Inc., and Schneider Electric SE
FAQs
The EV Charge Station Controllers Market is segmented into By System, By Charging Type, Electric Vehicle Type, Vehicle Type, Application and Region.
Key drivers include the increasing adoption of electric vehicles, government initiatives promoting EV infrastructure, and the need for efficient and smart charging solutions.
Restraints may include high upfront costs, interoperability issues, and the challenge of standardizing charging protocols across different regions and charging station brands.
Global regions considered are North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Europe is expected to dominate, driven by strong government support, a developed charging infrastructure, and the increasing adoption of electric vehicles.
The key players operating the target market includes, AeroVironment Inc., ABB Ltd., ClipperCreek Inc., ChargePoint Inc., Eaton Corporation, Chargemaster PLC, General Electric Company, Leviton Manufacturing Company, Inc., SemaConnect Inc., and Schneider Electric SE