BOULDER, Colo.–(BUSINESS WIRE)–A new report from Navigant
Research examines the global market for plug-in electric vehicle
(PEV) charging equipment sales and charging services, with forecasts
segmented by region, residential and commercial market, and technology
type, through 2025.
During the next few years, the market for electric vehicle charging will
experience a transitional phase, as affordable long-range battery
electric vehicles (BEVs) are introduced; premium automakers roll out
their PEV offerings; and utilities increasingly engage with this market.
Meanwhile, governments are looking to promote PEV charging, especially
in Europe and China, which seeks to build on the recent success of its
PEV market. Click
to tweet: According to a new report from @NavigantRSRCH,
the global market for electric vehicle supply equipment (EVSE) is
expected to grow from around 425,000 units in 2016 to 2.5 million in
2025.
“Entities looking to serve this market need to understand the coming
changes, as they will affect the types of chargers in demand as well as
the business model for operating EV chargers,” says Lisa Jerram,
principal research analyst with Navigant Research. “High-power direct
current (DC) fast chargers will be increasingly in demand, as will
connected Level 2 chargers that can be easily managed by a range of end
users, including utilities.”
As today’s charging market continues to shift from serving early
adopters of PEVs to a broader customer base, charging companies will
need to respond to and recognize new market opportunities, according to
the report. Demand for fast charging is expected to grow, encouragement
of multi-unit dwellings and workplaces to adopt charging will become a
focus, and issues such as interoperability that hamper the market will
need to be addressed.
The report, Electric
Vehicle Charging Services, analyzes the global market for PEV
charging equipment sales and charging services. The study covers the
major market drivers for the residential and commercial charging
segments and analyzes the potential uptake of alternating current (AC),
direct current (DC), and wireless EVSE. Global market forecasts for
charging equipment sales, segmented by region, charger type, and
residential, workplace, public, and private markets, extend through
2025. The report also examines the potential to secure revenue via
public charging services and increased electricity demand, as well as
the competitive landscape for charging companies. An Executive Summary
of the report is available for free download on the Navigant
Research website.
About Navigant Research
Navigant Research, the dedicated research arm of Navigant, provides
market research and benchmarking services for rapidly changing and often
highly regulated industries. In the energy sector, Navigant Research
focuses on in-depth analysis and reporting about global clean technology
markets. The team’s research methodology combines supply-side industry
analysis, end-user primary research and demand assessment, and deep
examination of technology trends to provide a comprehensive view of the
Energy Technologies, Utility Transformations, Transportation
Efficiencies, and Buildings Innovations sectors. Additional information
about Navigant Research can be found at www.navigantresearch.com.
About Navigant
Navigant Consulting, Inc. is a specialized, global professional services
firm that helps clients take control of their future. Navigant’s
professionals apply deep industry knowledge, substantive technical
expertise, and an enterprising approach to help clients build, manage
and/or protect their business interests. With a focus on markets and
clients facing transformational change and significant regulatory or
legal pressures, the Firm primarily serves clients in the healthcare,
energy and financial services industries. Across a range of advisory,
consulting, outsourcing, and technology/analytics services, Navigant’s
practitioners bring sharp insight that pinpoints opportunities and
delivers powerful results. More information about Navigant can be found
at navigant.com.
* The information contained in this press release concerning the
report, Electric Vehicle Charging Services, is a summary and
reflects Navigant Research’s current expectations based on market data
and trend analysis. Market predictions and expectations are inherently
uncertain and actual results may differ materially from those contained
in this press release or the report. Please refer to the full report for
a complete understanding of the assumptions underlying the report’s
conclusions and the methodologies used to create the report. Neither
Navigant Research nor Navigant undertakes any obligation to update any
of the information contained in this press release or the report.
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