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Pike Research Report on EV Charging Equipment

Dec 20, 2011 2:58 PM

Electric vehicles (EVs) are being delivered by the thousands each month. The power delivery infrastructure that enables vehicles to charge at home, at the workplace, and in public spaces is simultaneously being rolled out. By 2017, Pike Research forecasts that more than 1.5 million locations to charge vehicles will be available in the United States, with a total of nearly 7.7 million locations worldwide. The Asia Pacific region will lead global EV charging equipment sales due to strong government incentives and directives in China, Japan, and Korea. Over the next several years, initial investments in public infrastructure from governments will give way to the private sector.

The EV-charging-as-a-service business model is growing as network operators look to provide electric vehicle supply equipment (EVSE) location and status information available on demand. These companies will integrate billing and aggregate power consumption to create new services that will help to stabilize grid operations and create new revenue streams. Pike Research anticipates that EVSE retail prices will fall by 37% through 2017 as competition from large electronics companies and volume production push down costs. As basic EVSE hardware becomes more of a commodity, manufacturers will integrate their equipment with external storage units, home energy management systems, and smart grid equipment to add value and increase their revenue.

This Pike Research report examines the growing global market for electric vehicle charging equipment and provides market analysis and forecasts for residential, workplace, public, and private charge points. The study also analyzes the key emerging sectors of direct current (DC) charging equipment and wireless EV charging stations. Key industry players are profiled and detailed charging equipment forecasts, segmented by world region and key countries, extend through 2017.

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© 2012 Penton Business Media, Inc.

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