Global Electric Vehicle Charging Stations Market

The electric vehicle charging stations equipment market consist of sales of the equipment required in the setup of electric vehicle charging stations. These electric vehicle charging stations are used to recharge the vehicles by connecting to the electricity source. The electric vehicle charging stations equipment market covered in this report is segmented by type into AC charging, DC charging, inductive charging. The electric vehicle charging stations equipment market is also segmented by vehicle type into battery electric vehicles (BEV), plug-in electric vehicles (PHEV), hybrid electric vehicles (HEV) and by charging type into level one charging (120 volts), level two charging (240 volts), DC fast charging (480 volts). The global electric vehicle charging stations equipment market is expected to grow from $117.27 billion in 2020 to $129.07 billion in 2021 at a compound annual growth rate (CAGR) of 10.1%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The electric vehicle charging stations equipment market is expected to reach $390.59 billion in 2025 at a CAGR of 31.9%. National and international legislatives policies for promoting the electric vehicle (EV) is driving the growth of the electric vehicle charging stations equipment market. The scheme to provide incentives so as to motivate investors in buying electric vehicles and installing the EV charging stations help in driving the electric vehicle charging stations market. Thus, help in boosting the electric vehicle charging stations equipment market. For example, an attractive scheme was launched by German government to provide a direct discount of $4,520 for EV buyers. Also, public funding for charging stations for every 50 km is provided in Norway. Thus, driving the EV charging stations market, thereby driving the electric vehicle charging stations equipment market. The limited driving range of electric vehicles (EV) is one of the major factors restraining the EV market thereby affecting the growth of the electric vehicle charging stations equipment market. The driving range of EV is shorter than the gasoline vehicles. This limitation is due to various factors such as passenger capacity, use of air conditioning and the need of margin to be retained before the next recharge. Thus, affecting the sales of EV which is thereby decreasing the need for setting up more charging power stations and the requirement for the EV charging stations equipment falls, therefore restraining the market growth. Ultra-quick DC charge stations is trending in the electric vehicle charging stations market. Ultra-quick DC charge helps in supplying direct power of up to 125 kW to vehicle without any converter. These ultra-quick DC charge stations have the capability to charge 80% of the electric supply required for vehicle within 20 min time span. With the increasing demand for EV the need for more charging stations is increasing. In order to cope with the demand and make availability of low energy charging points, the ultra-quick DC charge station is the solution. Also, to deal with new upcoming EV in the market that requires high power rates for charging. There are 3 types of DC fast charging options, Combined Charging System (CCS), CHAdeMO and Tesla Supercharger. For example, ITT Inc., has introduced high performance ultra-fast DC charging solutions under the brand name Canon. The UK legislation has implemented the ‘Automated and Electric Vehicle Act 2018’ and is amended by the Secretary of State for Transport. This bill ensures that the insurance system and infrastructure in the UK is ready to face the revolution in the transport industry. The insurance part of the bill deals with claims made while using automated mode in the operational vehicle. It also facilitates the insurers the right claim and reject the liability if the manufacturers fail to keep the software up to date. The other part deals with EV charging infrastructure and problems related to type of vehicle, compatibility, standards and how pay system is being managed for them. The regulation prescribes the payment or verification method, refueling points accessibility, availability and sharing of the resources. Also, operator should make sure that the components comply with the requirements and regulations. In February 2019, Tesla, Inc., an American automotive and energy company acquired Maxwell Technologies, Inc. for $218 million. This acquisition, is expected to boost the market for Tesla and help in improve its batteries and lower costs, to be ahead of the new players entering the market. Maxwell Technologies, Inc., an American energy storage and manufacturing company. Major players in the electric vehicle charging stations equipment market are ABB Ltd, Siemens AG, The New Motion BV, Tesla Motors Inc., and ClipperCreek Inc. The regions covered in the electric vehicle charging stations equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the electric vehicle charging stations equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global electric vehicle charging stations equipment market is segmented - 1) By Type: AC Charging, DC Charging, Inductive Charging 2) By Vehicle Type: Battery Electric Vehicles (BEV), Plug-In Electric Vehicles (PHEV), Hybrid Electric Vehicles (HEV) 3) By Charging Type: Level One Charging (120 Volts), Level Two Charging (240 Volts), DC Fast Charging (480 Volts)

The electric motor manufacturing market consists of sales of electric motors. A motor converts electrical energy into mechanical energy and supplies power to devices. The motor manufacturing market is segmented into AC motor and DC motor. It works on the principles of electromagnetism with properties such as durability, high efficiency, low energy consumption, and low maintenance. These include components such as rotor, bearings, stator, air gap, windings, and commutator. Devices that use electric motors consist of fans, blowers, household appliances, disk drives, batteries and power tools, machine tools, domestic appliances, HVAC applications, electric cars, and automated robots. The global electric motors market is expected to grow from $64.1 billion in 2020 to $66.88 billion in 2021 at a compound annual growth rate (CAGR) of 4.3%.The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $72.18 billion in 2025 at a CAGR of 2%. The motor manufacturing market covered in this report is segmented by type into alternate current (AC) motor, direct current (DC) motor, hermetic motor. Increasing use of household appliances is expected to contribute to the growth of the motor manufacturing market in the forecast period. Increasing electrification, rising disposable income, and rapid urbanization along with several other factors are boosting the demand for household appliances, which in turn will drive the market for motors. For instance, the global household appliances manufacturing market is expected to grow from $283.8 billion in 2018 to $396.2 billion in 2022 at a CAGR of 8.7%. This will drive the market for electric motors in the forecast period. Increased tariffs on raw materials such as steel and aluminium restrained the market for motor manufacturing in the historic period. Steel and aluminium are predominantly used in manufacture of components for motors. Increasing import tariffs on raw materials such as steel hindered the market for household fans. For instance, in 2018, USA imposed 25% and 10% tariffs on import of steel and aluminium respectively. Motor manufacturing companies are increasingly manufacturing IoT enabled smart motors. These motors are equipped with sensors that monitor and track the motor’s health and performance. Sensors are connected to a control database that continuously collects data, and uses artificial intelligence (AI) to learn normal behaviour and sends an alert upon detecting any deviation from normal behaviour. Smart motors offer several benefits such as increased lifespan of equipment, and improved safety. In March 2019, Maxon Motor AG, a Switzerland-based company that manufactures and supplies high precision drives and systems such as gears, sensors, controls, compact drives acquired Parvalux Electric Motor for an undisclosed amount. The acquisition is expected to help Maxon Motor AG in becoming a complete solutions provider company by broadening its portfolio in medical technology and industrial automation. Parvalux Electric Motor is a UK based company that specializes in manufacturing geared motors such as DC brushless, DC brushed, gearbox, and generators. The major players covered in the global electric motors market are ABB Ltd., ARC Systems, Inc., Asmo Co., Ltd., Brook Crompton UK Ltd., Emerson Electric Co., Regal Beloit Corporation, Rockwell Automation Inc., Siemens AG, Ametek, Inc., Baldor Electric Company, Inc., Allied Motion Technologies, Inc., Franklin Electric Co., Inc., Johnson Electric Holdings Limited, Robert Bosch GmbH, Denso Corporation, Toshiba International Corporation, General Electric Company, Nidec Corporation, WEG S.A., Hitachi, Ltd., Hyosung Corporation, Danaher Corporation, Teco Electric Machinery & Co., Dr. Fritz Faulhaber GmbH Co. KG, Maxon Motor AG, Mitsubishi Electric, Panasonic, Shandong, Bulher Motor Gmbh, BorgWarner Inc, Continental AG. The countries covered in the global electric motors market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA, Australia. The regions covered in the global electric motors market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global electric motors market is segmented - 1) By Type: Alternate Current (AC) Motor, Direct Current (DC) Motor, Hermetic Motor, 2) By Output Power: Integral Horsepower (IHP), Fractional Horsepower (FHP), 3) By Voltage Range: 9V & Below, 10-20 V, 21-60 V, 60 V And Above 4) By Application: Industrial Machinery, Motor Vehicle, HVAC Equipment, Aerospace & Transportation, Household Appliances, Other Commercial Applications 5) By Speed: Low-Speed (less than 1,000 rpm), Medium-Speed (1,001 to 25,000 rpm), High-Speed (25,001 to 75,000 rpm), Ultra-High Speed (greater than 75,001 rpm)

The electric locomotives market consists of sales of electric locomotives which provide motive power to trains with no payload capacity, and their only use is to pull trains along the tracks. The sales consist of revenues generated by establishments that are primarily engaged in the manufacturing of locomotives and their components such as electric motors, transformer, inverter, and compressor. The global electric locomotives market is expected grow from $6.08 billion in 2020 to $6.47 billion in 2021 at a compound annual growth rate (CAGR) of 6.4%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $8.96 billion in 2025 at a CAGR of 8%. The electric locomotives market covered in this report is segmented by energy transfer into overhead lines; third rail; on-board energy storage. Increasing preference for non-polluting and energy-efficient transport is contributing to the growth of the electric locomotives market. According to the UK Department of Transport, besides highly efficient electric motors in electric locomotives that regularly have the efficiency of around 90% due to the advancements such as regenerative braking which can recover energy from braking, they emit 20%-35% less carbon per passenger mile than those enabled by diesel and helps in reduction in carbon emissions. Concerns regarding a greener environment resulted in increasing demand for non-polluting and energy-efficient transport systems, thereby driving the electric locomotives market. Regular maintenance of the rolling stock is required to ensure its safety, which is very expensive, impacting the growth of the market. For example, the annual maintenance cost of the high-speed trainset is approximately $1 million. In addition to the cost of components that need to be replaced periodically, proper maintenance is needed for facilities such as stations and berthing sites. Moreover, rolling stock requires long-term maintenance once the train has reached half of its operating life. This involves maintenance work on electrical, mechanical, and hydraulic parts of the vehicle. A large investment is needed for such maintenance. For example, the overhaul and electrification project of around 100 km Nis-Dimitrovgrad railway line (Serbia) is estimated to cost around $306 million, and a Memorandum of Understanding (MoU) was signed with CRBC (China) for the overhaul of Belgrade-Nis railway line for $701 million. Therefore, the expensive maintenance and overhaul that is needed regularly will hamper the growth of the electric locomotives market. The emergence of dual-mode locomotive electric trains will be one of the major trends that will gain traction in the electric locomotive market in the forecast period. In November 2019, Rail systems RP GmbH and Siemens Mobility signed a contract for the supply of two Vectron Dual Mode locomotives that can be operated either as a diesel or electric unit. On electrified routes, the Vectron Dual Mode is powered by electricity to save fuel and reduce maintenance costs. Due to their reduced dependence on petrol, the coming years will witness an increased preference for dual-mode trains, which will be one of the major factors propelling the growth of this market. In February 2020, Alstom announced plans to acquire Bombardier Transportation for a price between EUR 5.8 billion and EUR 6.2 billion, which will be paid by cash and new Alstom shares. This acquisition will improve Alstom's global reach and the ability to respond to the ever-increasing need for sustainable mobility. Bombardier Transportation will bring to Alstom a complementary geographical presence and an industrial footprint in growing markets, as well as additional technological platforms. It will significantly increase innovation capabilities to lead smart and green innovation. Bombardier Transportation is a Canadian multinational company that manufactures business jets and rail. The major players covered in the global electric locomotives market are CRRC Corporation Limited, Bombardier Inc., Alstom SA, Siemens AG, Kawasaki Heavy Industries Ltd., General Electric Company, Transmashholding AG, Stadler Rail AG, Hitachi Ltd., AEG Power Solutions, Strukton, Bombardier Inc., Wabtec Corporation, Toshiba Corporation, Metso Corporation, Brookville Equipment Corporation, Materfer, KONCAR - Electronics and Informatics Inc., A. Stucki Company, UGL Rail, Tata Motors, CAF, MITSUI & Co., Ltd (MITSUI), KODA AUTO. The countries covered in the global electric locomotives market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The regions covered in the global electric locomotives market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global electric locomotives market is segmented - 1) By Energy Transfer: Overhead Lines, Third Rail, On-board Energy Storage 2) By Technology: IGBT Module, GTO Thyristor, SiC Module 3) By Traction Units: AC Traction Units, DC Traction Units, Multi System Units 4) By Application: Passenger Transport, Freight Transport

The electric bikes and scooters market consists of sales of electric bikes and scooters and related services. The different types of electric vehicles include Battery Electric Vehicles (BEV), Hybrid Electric Vehicles, and Plug-in Hybrid Electric Vehicles. The global electric bikes and scooters market was valued at about $18.06 billion in 2018 and is expected to grow to $24.26 billion at a CAGR of 7.7% through 2022. Asia Pacific was the largest region in the electric bikes and scooters market in 2018. This region is expected to remain the largest during the next five years. The electric bikes and scooters market in North America is forecasted to register the highest CAGR during 2018-2023. Increasing awareness about pollution is a key driver of the electric bikes and scooters market. This is because more people are now understanding the importance of reducing pollution, and this awareness has led them to look for more environment friendly modes of transportation which minimize and control the pollution. For example, according to a survey published by Forbes in 2019, due to an increase in awareness about pollution, the sales of electrical bikes (e-bikes) have exceeded that of non-electric bikes in the Netherlands. Similarly, due to the improving awareness of environmental hazards caused by pollution, people in India started preferring e-bikes. According to Business Today, the sales of e-bikes in the country increased from around 20,000 in 2016 to 23,000 in 2017. The growth in adoption of electric bikes and scooters is expected to continue in the coming years as the carbon dioxide emitted by the burning of fossil fuels remains a major threat to the environment, causing global warming and climate change. The lack of infrastructure for battery charging is a major restraint on the electric bikes and scooters market. This is mainly because a lack of sufficient bike or scooter charging stations leads to a scarcity of battery charging, and discourages people from purchasing electric bikes or scooters. According to the electric vehicle consumer survey conducted by McKinsey in 2016, consumers ranked the lack of infrastructure for battery charging as the third-most important barrier restricting the purchase of electrical vehicles. In this regard, the Edison Electric Institute (EEI) and the Institute for Electric Innovation (IEI) have estimated that around 9.6 million charge ports will be required to support 18.7 million electric vehicles projected to be sold in the US by 2030. Improving the battery technology is an emerging trend in the electric bikes and scooters market. One such technological improvement of batteries includes the growing use of graphene batteries in electric bikes and scooters. The graphene batteries use electrolytes based on a super-thin material called graphene, which enables faster charging time, higher capacity, and lighter weight of the vehicles. In this regard, Earthdas, a startup based in Barcelona, Spain is working towards further enhancing the efficiency of graphene batteries, in order to charge electric bikes and scooters in around five minutes. The electric bikes and scooters market is regulated by the U.S. Congress enacted Public Law sections 107-319. This law pertains to the amendments required for the consumer product safety act and defines stern regulations to be followed retrospect to the speed of electric bikes. According to this law, the electric motor of the vehicle must be less than 750 watts and the maximum speed of the bike driven by a person weighing 170 pounds should not exceed 20 mph. To comply with this law, the U.S. Consumer Product Safety Commission (CPSC) considers, approves and certifies bikes that meet this definition for manufacture and sale at the federal level. Hence, regulations such as these regulate the electric bikes and scooters market. In March 2019, German automotive and industrial supplier Schaeffler acquired Elmotec Statomat GmbH for an undisclosed amount. Through this acquisition, Schaeffler aims to develop and advance more quickly and efficiently in the electric motors construction business, and at the same time, boost its e-mobility strategy. Elmotec Statomat GmbH is involved in the field of electric motors construction and winding technology. It was founded in 1998 and is headquartered in Karben, Germany. Major players in the electric bikes and scooters market are Yadea, Jiangsu Xinri E-Vehicle Co. Ltd., Mahindra & Mahindra Ltd., BMW and Hero Electric.

The electric dryers manufacturing market consist of sales of clothes dryers. The clothes dryers are extensively employed by the household consumers for carrying out the activity of drying clothes. The main function that is performed by the device is to soak up the moisture from the clothes, lessen the aroma level, and eliminate dust-mites from the clothes.

The electric ironers manufacturing market consists of sales of electric ironers. An Ironer is a tool for leveling clothes and fabrics, and uses power within a range of 300-1000W.

The biomass electric power generation market consists of sales of electricity generated using biomass and related services for household and commercial purposes. Biomass gasification refers to a process that involves the burning of biomass for the generation of producer gas or syngas for production of electricity. Producer gas is a combustible gas mixture of carbon monoxide, hydrogen, carbon dioxide, methane, and nitrogen. The gasification process uses heat, pressure and partial combustion which takes place when the air supply (o2) is inadequate for the combustion of biomass.

The electric power transmission, control, and distribution market consists of sales of electric power by entities (organizations, sole traders and partnerships) that operate electric power transmission systems, control (i.e., regulate voltages) the transmission of electricity, and/or distribute electricity. The transmission system includes lines and transformer stations. Establishments in this market arrange, facilitate, or coordinate the transmission of electricity from the generating source to the distribution centers, other electric utilities, or final consumers. The distribution system consists of lines, poles, meters, and wiring that deliver the electricity to final consumers. The electric power transmission, control, and distribution market is segmented into electric power distribution and electric bulk power transmission and control. The global electric power transmission, control, and distribution market is expected to grow from $2138.34 billion in 2020 to $2283.49 billion in 2021 at a compound annual growth rate (CAGR) of 6.8%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $3042.54 billion in 2025 at a CAGR of 7%. Asia Pacific was the largest region in the global electric power transmission, control, and distribution market, accounting for 45% of the market in 2020. Western Europe was the second largest region accounting for 27% of the global market. Africa was the smallest region in the global electric power transmission, control, and distribution market. The increasing applications of electricity in the transportation industry are expected to increase the demand for electricity, driving the power generation market. The electrification of railways in underdeveloped and developing countries, setting up of public transportation networks such as rapid metro transit systems, and increasing use of electric vehicles in developed countries will create significant opportunities for power generation companies in the market. India, for example, has planned to complete the electrification of its rail network by 2020, while European countries such as the UK have also planned large-scale rail electrification projects in the forecast period. According to the Edison Electric Institute (EEI), the annual electric vehicle sales in the USA are expected to surpass 1.2 million by 2025. Electric vehicles are expected to account for 9% of the global electricity demand by 2050. The outbreak of the Coronavirus disease (COVID-19) has acted as a significant restraint on the electric power generation, transmission, and distribution market in 2020 as demand for utility services from industrial and commercial establishments decreased due to trade restrictions and lockdowns imposed by governments globally. Many manufacturing facilities globally halted operations to contain the spread of virus among its workforce, thereby limiting the need for utility services such as electricity and wastewater treatment. COVID 19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China and spread globally including Western Europe, North America and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity with countries entering a state of lockdown and the outbreak is expected to continue to have a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the electric power generation, transmission, and distribution market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy. Utility business models are continuously evolving from traditional electricity generation models to new business models such as distributed generation models to cut costs and improve transmission and distribution efficiencies. Distributed generation refers to localized power generation using solar panels and other low-cost technologies to produce electricity close to the point of consumption. Consumers are switching to more cost-effective and controlled distributed generation networks, therefore electric power generation companies should now focus on distributed generation rather than a centralized electricity generation model. Also, many companies are using new revenue models and incentives instead of traditional cost-of-service models. For instance, New York’s (Reforming Energy Vision) REV docket is focused on distributed generation and performance-based incentives to push utilities to serve grid needs. Electric utilities in states like California, Minnesota and Massachusetts are also involved with the REV initiative .According to Citigroup, in next two decades the European decentralized electricity market will grow to one-third of total utility market. Major companies in the market include Duke Energy; Engie SA; National Grid; NextEra; Elctricit de France. The countries covered in the global electric power transmission, control, and distribution market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The regions covered in the global electric power transmission, control, and distribution market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global electric power transmission, control, and distribution market is segmented - 1) By Type: Electric Power Distribution, Electric Bulk Power Transmission And Control