Frost Radar™: Electric Commercial Vehicle Charging Network Start-ups in North America and Europe, 2022
Published on: 17-Nov-2022 | SKU: AU02446-NA-MR_27127

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As government initiatives promote the use of zero-emission vehicles and commercial vehicle manufacturers continue to launch new models, Frost & Sullivan projects that about 7.2 million electric commercial vehicles will be in operation in North America and 5.8 million in Europe by 2030. Sufficient charging infrastructure will have to be in place to eliminate range anxiety, which is an operator’s fear of being unable to find a charging station when vehicle power runs low.

Several new and cross-industry participants have entered the nascent electric commercial vehicle charging infrastructure industry in the past few years to cater to the expected demand and are formulating their market approaches and identifying potentially lucrative revenue streams. Huge investments by value chain participants have been materializing to gain a first-mover advantage.

A charging network provider, for the purposes of this project, follows one or more of these business models:
• Asset-owned turnkey (asset heavy, high capex), in which it owns and operates the charging station and provides connectivity of the charging
station to the network. In this model, the provider incurs the costs of the charging equipment and installation.
• Host-owned (asset light, low capex), in which it sells hardware, software, and services to a station owner. The buyer incurs the installation and
operational costs and can connect to any network, although the provider’s network is preferred.
• Charging-as-a-service, in which it owns and operates the charging station while the property partners incur the installation costs. The latter pays
a fixed monthly or yearly fee and keeps all charging revenue (excluding network/connectivity fees).

Competitive differentiators could include the number of stations in a network, station accessibility, availability of battery-integrated or wireless charging, efficient capital deployment, diversity in revenue streams and business models, the ability to accommodate a variety of vehicle models across different standards with higher power capabilities, software-enabled services with easy-to-use mobile app interfaces, attractive pricing, brand recognition and reputation, and partnerships.

The Frost Radar™ reveals the market positioning of companies in an industry using their Growth and Innovation scores as highlighted in the Frost Radar™ methodology. The document presents competitive profiles on each of the companies in the Frost Radar™ based on their strengths, opportunities, and a small discussion on their positioning. Frost & Sullivan analyzes numerous companies in an industry and benchmarks them across 10 criteria on the Frost Radar™, where the leading companies in the industry are then positioned.

Author: Christus Divyan

Strategic Imperative

Growth Environment

Frost Radar™: Electric Commercial Vehicle Charging Network Start-ups in North America and Europe

Frost Radar™: Competitive Environment

Frost Radar™: Competitive Environment (continued)

Allego

Blink

ChargePoint

Compleo Charging Solutions AG

EVBox

EVgo

Fastned

Flo

Ionity

PodPoint

Volta Charging

Strategic Insights

Significance of Being on the Frost Radar™

Frost Radar™ Empowers the CEO’s Growth Team

Frost Radar™ Empowers Investors

Frost Radar™ Empowers Customers

Frost Radar™ Empowers the Board of Directors

Frost Radar™: Benchmarking Future Growth Potential

Frost Radar™: Benchmarking Future Growth Potential

Legal Disclaimer

Frost Radar™: Benchmarking Future Growth Potential 2 Major Indices, 10 Analytical Ingredients, 1 Platform

Growth Index

Growth Index (GI) is a measure of a company’s growth performance and track record, along with its ability to develop and execute a fully aligned growth strategy and vision; a robust growth pipeline system; and effective market, competitor, and end-user focused sales and marketing strategies.

  • Market Share (previous 3 years)
    This is a comparison of a company’s market share relative to its competitors in a given market space for the previous 3 years.
  • Revenue Growth (previous 3 years)
    This is a look at a company’s revenue growth rate for the previous 3 years in the market/industry/category that forms the context for the given Frost Radar™.
  • Growth Pipeline
    This is an evaluation of the strength and leverage of a company’s growth pipeline system to continuously capture, analyze, and prioritize its universe of growth opportunities.
  • Vision and Strategy
    This is an assessment of how well a company’s growth strategy is aligned with its vision. Are the investments that a company is making in new products and markets consistent with the stated vision?
  • Sales and Marketing
    This is a measure of the effectiveness of a company’s sales and marketing efforts in helping it drive demand and achieve its growth objectives.

Innovation Index

Innovation Index (II) is a measure of a company’s ability to develop products/ services/ solutions (with a clear understanding of disruptive Mega Trends) that are globally applicable, are able to evolve and expand to serve multiple markets and are aligned to customers’ changing needs.

  • INNOVATION SCALABILITY
    This determines whether an organization’s innovations are globally scalable and applicable in both developing and mature markets, and also in adjacent and non-adjacent industry verticals.
  • RESEARCH AND DEVELOPMENT
    This is a measure of the efficacy of a company’s R&D strategy, as determined by the size of its R&D investment and how it feeds the innovation pipeline.
  • PRODUCT PORTFOLIO
    This is a measure of a company’s product portfolio, focusing on the relative contribution of new products to its annual revenue.
  • MEGATRENDS LEVERAGE
    This is an assessment of a company’s proactive leverage of evolving, long-term opportunities and new business models, as the foundation of its innovation pipeline.
  • CUSTOMER ALIGNMENT
    This evaluates the applicability of a company’s products/services/solutions to current and potential customers, as well as how its innovation strategy is influenced by evolving customer needs.

Significance of Being on the Frost Radar™

Companies plotted on the Frost RadarTM are the leaders in the industry for growth, innovation, or both. They are instrumental in advancing the industry into the future.

  • GROWTH POTENTIAL
    Your organization has significant future growth potential, which makes it a Company to Action.
  • BEST PRACTICES
    Your organization is well positioned to shape Growth Pipeline™ best practices in your industry.
  • COMPETITIVE INTENSITY
    Your organization is one of the key drivers of competitive intensity in the growth environment.
  • CUSTOMER VALUE
    Your organization has demonstrated the ability to significantly enhance its customer value proposition.
  • PARTNER POTENTIAL
    Your organization is top of mind for customers, investors, value chain partners, and future talent as a significant value provider.

Have questions about this research or need deeper insights?
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Impacting your company's future growth potential.

As government initiatives promote the use of zero-emission vehicles and commercial vehicle manufacturers continue to launch new models, Frost & Sullivan projects that about 7.2 million electric commercial vehicles will be in operation in North America and 5.8 million in Europe by 2030. Sufficient charging infrastructure will have to be in place to eliminate range anxiety, which is an operator’s fear of being unable to find a charging station when vehicle power runs low. Several new and cross-industry participants have entered the nascent electric commercial vehicle charging infrastructure industry in the past few years to cater to the expected demand and are formulating their market approaches and identifying potentially lucrative revenue streams. Huge investments by value chain participants have been materializing to gain a first-mover advantage. A charging network provider, for the purposes of this project, follows one or more of these business models: • Asset-owned turnkey (asset heavy, high capex), in which it owns and operates the charging station and provides connectivity of the charging station to the network. In this model, the provider incurs the costs of the charging equipment and installation. • Host-owned (asset light, low capex), in which it sells hardware, software, and services to a station owner. The buyer incurs the installation and operational costs and can connect to any network, although the provider’s network is preferred. • Charging-as-a-service, in which it owns and operates the charging station while the property partners incur the installation costs. The latter pays a fixed monthly or yearly fee and keeps all charging revenue (excluding network/connectivity fees). Competitive differentiators could include the number of stations in a network, station accessibility, availability of battery-integrated or wireless charging, efficient capital deployment, diversity in revenue streams and business models, the ability to accommodate a variety of vehicle models across different standards with higher power capabilities, software-enabled services with easy-to-use mobile app interfaces, attractive pricing, brand recognition and reputation, and partnerships. The Frost Radar™ reveals the market positioning of companies in an industry using their Growth and Innovation scores as highlighted in the Frost Radar™ methodology. The document presents competitive profiles on each of the companies in the Frost Radar™ based on their strengths, opportunities, and a small discussion on their positioning. Frost & Sullivan analyzes numerous companies in an industry and benchmarks them across 10 criteria on the Frost Radar™, where the leading companies in the industry are then positioned. Author: Christus Divyan
More Information
Deliverable Type Frost Radar
Industries Automotive
No Index No
Is Prebook No
Podcast No
WIP Number PE0A-01-00-00-00

Frost Radar™: Electric Commercial Vehicle Charging Network Start-ups in North America and Europe, 2022

AutomotiveFrost Radar™: Electric Commercial Vehicle Charging Network Start-ups in North America and Europe, 2022

A Benchmarking System to Spark Companies to Action - Innovation that Fuels New Deal Flow and Growth Pipelines

RELEASE DATE
17-Nov-2022
REGION
North America
Deliverable Type
Frost Radar
Research Code: PE0A-01-00-00-00
SKU: AU02446-NA-MR_27127
AvailableYesPDF Download
$4,950.00
In stock
SKU
AU02446-NA-MR_27127