Hypercharger Market Size and Share Analysis by Vehicle Type (PC, LCV, HCV), Port Type (NACS, CCS, ChaoJi, MCS) - Global Industry Revenue Estimation and Demand Forecast to 2030

Description

Market Overview

The industry of hypercharge witnessed a turnover of USD 3,902.1 million in 2023. It is expected to experience a CAGR of 13.3% in the years 2024 - 2030, which will ultimately lead to a turnover of USD 9,219.8 million by the end of 2030.

The market growth is associated with the increased utilization of electric vehicles globally, continuous advancements in hypercharger technology, and rising government investments along with supportive policies and incentives.

The development is fueled by the trend towards soaring EV usage which significantly changes the automotive field landscape. The electrification mobility segment of the global economy is showing encouraging growth as global sustainability and reduction of carbon emissions gain wider support from governments and consumers.

The fundamental component that has been driving the push for EVs is the necessity for quick and effective charging stations. An integration of innovative charging infrastructure along with state-of-the-art electric motors is a must when fossil-fuel-based internal combustion engines are replaced by electric powertrain systems.

Worldwide, governments' implementation and policy programs enlarge the effect of the widely adopted usage of EVs. The charging stations are developed in many states and there are a lot of financial incentives given to consumers who decide to adopt electric technology. Many governments use strategies like tax cuts and subsidies to persuade customers to buy electric cars, so EVs are a more considerate option for customers.

Key Insights

In the coming few years, heavy commercial vehicles are projected to experience the highest CAGR of 15%, holding the largest industry share.

This development can be credited to the growing need for E-buses and trucks, leading to a surge in fast-charging solutions.

Hyperchargers play a vital role in advancing the effectiveness and performance of heavy-duty engines, fulfilling the need for augmented power and fuel economy in commercial transport.

The acceptance of enhanced tech like dedicated high-power chargers and megawatt charging systems will further drive the acceptance of hypercharging tech in the heavy commercial vehicle sector.

Investment by production companies and suppliers in innovative solutions tailored for heavy-duty applications is contributing significantly to market growth.

In 2023, the CCS category had the largest revenue share, 40%, because of its unique capability to manage both AC and DC charging, making it favored by automakers producing high-performance EVs.

The global standardization of CCS in e-car charging stations should be promoted to increase the number of hyperchargers across the world, and wider compatibility of these devices with various electric vehicle models improves their effectiveness.

Overall, the ChaoJi category is expected to show the highest CAGR of 12% between 2024 and 2030 due to its enhanced network range which enables 900 kW output. Through this, the segment is projected to leapfrog to produce an unprecedented level of charging speeds.

The North American region is estimated to witness the fastest development in the industry, with a CAGR of 14% during the projection period, propelled by the growing acceptance of EVs in the continent.

The wider presence of Electrify America is also one of the ways it achieves this target; the company partners with TA to implement 1,000 DC quick chargers at 200 stations over a five-year project.

In 2023, Europe enjoyed great exponential growth, constituting 50 percent of the market, due to the massive EV penetration and the willingness of the commission to put environmental problems at the forefront.

Product Code: 12893

Chapter 1. Research Scope

1.1. Research Objectives
1.2. Market Definition
1.3. Analysis Period
1.4. Market Size Breakdown by Segments
- 1.4.1. Market size breakdown, by vehicle type
- 1.4.2. Market size breakdown, by port type
- 1.4.3. Market size breakdown, by region
- 1.4.4. Market size breakdown, by country
1.5. Market Data Reporting Unit
- 1.5.1. Value
1.6. Key Stakeholders

Chapter 2. Research Methodology

2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence database
2.2. Primary Research
2.3. Market Size Estimation
2.4. Data Triangulation
2.5. Currency Conversion Rates
2.6. Assumptions for the Study
2.7. Notes and Caveats

Chapter 3. Executive Summary

Chapter 4. Voice of Industry Experts/KOLs

Chapter 5. Market Indicators

Chapter 6. Industry Outlook

6.1. Market Dynamics
- 6.1.1. Trends
- 6.1.2. Drivers
- 6.1.3. Restraints/challenges
- 6.1.4. Impact analysis of drivers/restraints
6.2. Impact of COVID-19
6.3. Porter's Five Forces Analysis
- 6.3.1. Bargaining power of buyers
- 6.3.2. Bargaining power of suppliers
- 6.3.3. Threat of new entrants
- 6.3.4. Intensity of rivalry
- 6.3.5. Threat of substitutes
6.4. Value Chain Analysis
6.5. Technology Analysis
6.6. Regulatory Framework

Chapter 7. Competitive Landscape

7.1. List of Market Players and their Offerings
7.2. Competitive Benchmarking of Key Players
7.3. Product Benchmarking of Key Players
7.4. Recent Strategic Developments
7.5. Investment by Players

Chapter 8. Global Market

8.1. Overview
8.2. Market Revenue, by Vehicle Type (2017-2030)
8.3. Market Revenue, by Port Type (2017-2030)
8.4. Market Revenue, by Region (2017-2030)

Chapter 9. North America Market

9.1. Overview
9.2. Market Revenue, by Vehicle Type (2017-2030)
9.3. Market Revenue, by Port Type (2017-2030)
9.4. Market Revenue, by Country (2017-2030)

Chapter 10. Europe Market

10.1. Overview
10.2. Market Revenue, by Vehicle Type (2017-2030)
10.3. Market Revenue, by Port Type (2017-2030)
10.4. Market Revenue, by Country (2017-2030)

Chapter 11. APAC Market

11.1. Overview
11.2. Market Revenue, by Vehicle Type (2017-2030)
11.3. Market Revenue, by Port Type (2017-2030)
11.4. Market Revenue, by Country (2017-2030)

Chapter 12. LATAM Market

12.1. Overview
12.2. Market Revenue, by Vehicle Type (2017-2030)
12.3. Market Revenue, by Port Type (2017-2030)
12.4. Market Revenue, by Country (2017-2030)

Chapter 13. MEA Market

13.1. Overview
13.2. Market Revenue, by Vehicle Type (2017-2030)
13.3. Market Revenue, by Port Type (2017-2030)
13.4. Market Revenue, by Country (2017-2030)

Chapter 14. U.S. Market

14.1. Overview
14.2. Market Revenue, by Vehicle Type (2017-2030)
14.3. Market Revenue, by Port Type (2017-2030)

Chapter 15. Canada Market

15.1. Overview
15.2. Market Revenue, by Vehicle Type (2017-2030)
15.3. Market Revenue, by Port Type (2017-2030)

Chapter 16. Germany Market

16.1. Overview
16.2. Market Revenue, by Vehicle Type (2017-2030)
16.3. Market Revenue, by Port Type (2017-2030)

Chapter 17. France Market

17.1. Overview
17.2. Market Revenue, by Vehicle Type (2017-2030)
17.3. Market Revenue, by Port Type (2017-2030)

Chapter 18. U.K. Market

18.1. Overview
18.2. Market Revenue, by Vehicle Type (2017-2030)
18.3. Market Revenue, by Port Type (2017-2030)

Chapter 19. Italy Market

19.1. Overview
19.2. Market Revenue, by Vehicle Type (2017-2030)
19.3. Market Revenue, by Port Type (2017-2030)

Chapter 20. Spain Market

20.1. Overview
20.2. Market Revenue, by Vehicle Type (2017-2030)
20.3. Market Revenue, by Port Type (2017-2030)

Chapter 21. China Market

21.1. Overview
21.2. Market Revenue, by Vehicle Type (2017-2030)
21.3. Market Revenue, by Port Type (2017-2030)

Chapter 22. Japan Market

22.1. Overview
22.2. Market Revenue, by Vehicle Type (2017-2030)
22.3. Market Revenue, by Port Type (2017-2030)

Chapter 23. India Market

23.1. Overview
23.2. Market Revenue, by Vehicle Type (2017-2030)
23.3. Market Revenue, by Port Type (2017-2030)

Chapter 24. South Korea Market

24.1. Overview
24.2. Market Revenue, by Vehicle Type (2017-2030)
24.3. Market Revenue, by Port Type (2017-2030)

Chapter 25. Australia Market

25.1. Overview
25.2. Market Revenue, by Vehicle Type (2017-2030)
25.3. Market Revenue, by Port Type (2017-2030)

Chapter 26. Brazil Market

26.1. Overview
26.2. Market Revenue, by Vehicle Type (2017-2030)
26.3. Market Revenue, by Port Type (2017-2030)

Chapter 27. Mexico Market

27.1. Overview
27.2. Market Revenue, by Vehicle Type (2017-2030)
27.3. Market Revenue, by Port Type (2017-2030)

Chapter 28. Saudi Arabia Market

28.1. Overview
28.2. Market Revenue, by Vehicle Type (2017-2030)
28.3. Market Revenue, by Port Type (2017-2030)

Chapter 29. South Africa Market

29.1. Overview
29.2. Market Revenue, by Vehicle Type (2017-2030)
29.3. Market Revenue, by Port Type (2017-2030)

Chapter 30. U.A.E. Market

30.1. Overview
30.2. Market Revenue, by Vehicle Type (2017-2030)
30.3. Market Revenue, by Port Type (2017-2030)

Chapter 31. Company Profiles

31.1. ABB Ltd.
- 31.1.1. Business overview
- 31.1.2. Product and service offerings
- 31.1.3. Key financial summary
31.2. Electrify America LLC
- 31.2.1. Business overview
- 31.2.2. Product and service offerings
- 31.2.3. Key financial summary
31.3. Heliox
- 31.3.1. Business overview
- 31.3.2. Product and service offerings
- 31.3.3. Key financial summary
31.4. Tritium
- 31.4.1. Business overview
- 31.4.2. Product and service offerings
- 31.4.3. Key financial summary
31.5. IONITY GmbH
- 31.5.1. Business overview
- 31.5.2. Product and service offerings
- 31.5.3. Key financial summary
31.6. Wallbox
- 31.6.1. Business overview
- 31.6.2. Product and service offerings
- 31.6.3. Key financial summary
31.7. FreeWire Technologies Inc.
- 31.7.1. Business overview
- 31.7.2. Product and service offerings
- 31.7.3. Key financial summary
31.8. MYENERGI LTD.
- 31.8.1. Business overview
- 31.8.2. Product and service offerings
- 31.8.3. Key financial summary
31.9. Pod Point
- 31.9.1. Business overview
- 31.9.2. Product and service offerings
- 31.9.3. Key financial summary
31.10. Span.IO Inc.
- 31.10.1. Business overview
- 31.10.2. Product and service offerings
- 31.10.3. Key financial summary
31.11. EVBox
- 31.11.1. Business overview
- 31.11.2. Product and service offerings
- 31.11.3. Key financial summary
31.12. CTEK Sweden AB
- 31.12.1. Business overview
- 31.12.2. Product and service offerings
- 31.12.3. Key financial summary

Chapter 32. Appendix

32.1. Abbreviations
32.2. Sources and References
32.3. Related Reports