Market Research Report
EV Charging Infrastructure Landscape: Global Market Evolution, Major Stakeholders and Key Trends
|Published by||Greentech Media Inc.||Product code||673424|
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|EV Charging Infrastructure Landscape: Global Market Evolution, Major Stakeholders and Key Trends|
|Published: July 31, 2018||Content info:||
Falling battery storage prices, the expansion of ride-sharing, the proliferation of low-cost sensors, and the embrace of artificial intelligence are driving growth in the electric vehicle (EV) market. Fuel switching - from gasoline to electricity - will significantly impact commodity markets, as well as electricity markets. Electricity will redefine how we use our vehicles, as energy networks transport “fuel” instantaneously to any point on the existing network, improve safety, and reduce the environmental impacts of transportation.
Wood Mackenzie predicts that nearly 250 million EVs hit the roads globally by 2040, representing approximately 14% of vehicle stock at that time. Charging points will need to be spread throughout the built environment, closer to trip destinations and at homes, businesses and commercial routes. GTM Research predicts that more than 1 million public charging points will be deployed globally by 2020, while residential charging points will surpass 5 million in 2020.
Charging infrastructure for EVs has created a new web of market players. Maturing beyond early government-funded development, a more diverse landscape of business models carried out by vendors, network providers and utilities. This report examines the activities of many stakeholders providing critical equipment, software, services and solutions that support the growing transportation electrification market.