Electric vehicle (EV) charging service includes an electric vehicle charging station where an electric vehicle can be charged. Same as fuel stations, charging stations are used for refilling the charging into electric vehicle batteries. As the number of electric vehicles is rising, the demand for rapid charging is also rising. Commonly, when the battery of an electric vehicle is likely to dry, the rate of charging is high. As the battery is charged, the rate of charging eventually decreases, which is known as tapering. Tapering can be observed at above 50% of charging. Thus, the electric vehicle manufacturers suggest charging vehicles up to 80% only. Implementation of strict emission norms is majorly boosting the global EV charger service market. Various governments from countries such as Germany, China, India, Brazil and France have declared ban on use of diesel powered vehicles, in order to curb carbon emissions. Governments of various other countries are projected to impose strict emission rules in the near future in order to match the Paris Climate Accord. It is an agreement signed by 195 nations in order to maintain the global temperature rise well below 2°C. Strict emission rules are driving the demand for electric and hybrid electric vehicles. This, in turn, is surging the demand for EV charger service. In addition, the development of higher-efficiency electric vehicle batteries and vehicles is accelerating the global EV charger service market. On the other hand, the availability of household EV chargers is a key restraint of the global EV charger service market. Various companies have introduced vehicles which can be charged at home, which is constraining the market. Moreover, the electrical Vehicles operating on electricity will minimize the operating cost of usage for these vehicles. Manufacturers are estimated to develop EV’s with improved battery life and longer usage duration. Another key factor propelling the market is the minimum cost of electric vehicles with the reduction of battery cost which may result in surge in demand for EV’s and EV charger services.

Furthermore, many countries have identified the requirement to go electric to minimize the growing pollution levels from vehicles, with the US and China already gearing up to electric vehicles. These countries have taken initiatives to enhance the charging network across their states for ease of shifting to EV’s and encouraging this segment using tax rebates, incentives, preferential policies etc. China, US and few European countries have supported the setting up cost of EV charging stations at residential complexes, semi public areas, private homes etc. Thus, the above mentioned factors are creating opportunities for the market.

The global EV Charger Service Market is segregated on the basis of Charging Station as AC Charging Station, DC Charging Station and Inductive Charging Station. Based on Connector Type the global EV Charger Service Market is segmented in CHAdeMO, CCD  and Others. Based on Location the global EV Charger Service Market is segmented in Public and Private. Based on Charging Level the global EV Charger Service Market is segmented in Level 1, Level 2 and Level 3.

The global EV Charger Service Market report provides geographic analysis covering regions, such as Europe, North America, Asia Pacific, and Rest of The World. The EV Charger Service Market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

Competitive Analysis

ABB, EVgo Services LLC., ChargePoint, Inc., Blink Charging Co., Allego and others are among the major players in the global EV Charger Service Market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.

• In December 2018, Enel X installed and started the first charging station on the Italian motorway network at Q8 Rho Sud service location. After the agreement has been signed between Enel X and Q8, drivers can travel with their electric cars between Turin and Milan without exiting the motorway to recharge their vehicles.
• In May 2019, Panasonic declared the introduction of smart EV charger service in India offering charging stations, swap stations, board charges and many others.
• In May 2018, in Bangalore Ather Energy introduced its charging infrastructure service.

The global EV Charger Service Market has been segmented as below:

EV Charger Service Market, By Charging Station

• AC Charging Station
• DC Charging Station
• Inductive Charging Station

EV Charger Service Market, By Connector Type

• CHAdeMO
• CCD
• Others

EV Charger Service Market, By Location

• Public
• Private

EV Charger Service Market, By Charging Level

• Level 1
• Level 2
• Level 3

EV Charger Service Market, By Region

• Europe
• North America
• Asia Pacific
• Rest of The World

EV Charger Service Market, By Company

• ABB
• EVgo Services LLC.
• ChargePoint, Inc.
• Blink Charging Co.
• Allego
• Schneider Electric
• Toshiba Corporation
• Wi Tricity Corporation
• Mojo Mobility Inc.
• AeroVironment, Inc.
• Robert Bosch GmbH
• General Electric
• Evatran Group
• Chargemaster plc
• Siemens AG
• Tesla.
• Shell
• BYD
• BP Chargemaster
• ClipperCreek, Inc.
• General Electric Company
• Eaton Corp.
• Leviton Manufacturing Co., Inc.
• Webasto SE

The report covers the below scope:

• Global EV Charger Service Market sizes from 2020 to 2026, along with CAGR for 2020-2026
• Market size comparison for 2019 vs 2026, with actual data for 2019, estimates for 2019 and forecast from 2020 to 2026
• Global EV Charger Service Market trends, covering comprehensive range of consumer trends & manufacturer trends
• Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global EV Charger Service Market
• Major market opportunities and challenges in forecast timeframe to be focused
• Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
• Comprehensive company profiles of the key industry players

The years considered for the study are as follows:

• Base year - 2019
• Estimated year - 2019
• Projected year - 2020
• Forecast period - 2021 to 2026

Report Scope:

The global EV Charger Service Market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global EV Charger Service Market share. Major industry players with significant revenue share include ABB, EVgo Services LLC., ChargePoint, Inc., Blink Charging Co., Allego, Schneider Electric and others.

Why to Buy this Report:

• Gain detailed insights on the EV Charger Service industry trends
• Find complete analysis on the market status
• Identify the EV Charger Service Market opportunities and growth segments
• Analyse competitive dynamics by evaluating business segments & product portfolios
• Facilitate strategy planning and industry dynamics to enhance decision making

Target Audience:

• The report targeted towards the existing players in the industry is as follows:
• Market Manufacturers/Service Providers
• Market Wholesale/Traders
• Investment and Financial Institutions

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