Frost Radar™: Global Electric Vehicle Charging Infrastructure Market, 2020
Published on: 27-Nov-2020 | SKU: AU02079-GL-MR_24986

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Many surveys conducted across the globe indicate one common issue tied to electric vehicles (EVs): drivers fear not finding a suitable charging station when needed. Globally, increasing demand for EVs has created significant need for more charging points. About 7.3 million chargers are active across the world (as of 2019), of which, nearly 6.5 million are private chargers, 0.6 million are public slow chargers, and 0.26 million are public fast chargers. China accounts for about 37%, 50%, and 81% of global private, public slow, and public fast chargers, respectively.

Across many global EV markets, home and workplace charging are preferred over public charging stations. Currently, more than 70% of charging is done at home. Convenience, cost-effectiveness, and a variety of support policies (e.g., tax rebates, equipment purchase incentives, and cash rebates) are the main factors underpinning the dominance of home charging. Frost & Sullivan believes that in the next 5 years, the 70% home charging rate will drop to 50 to 60% while workplace and public charging will increase.

Charging time is another main concern for drivers because most vehicles have a modest range and require en-route charging from time to time, especially among fleets. This has propelled the development and installation of DC fast chargers (50kW). Although DC fast chargers speed up the charging process, they create need for improved safety and additional components, such as advanced liquid cooled cables, substations, and battery energy storage systems. Companies with such extensive features and offerings for DC fast charging will have an edge for success in this space. In fact, vendors offering a wide range of products for AC and DC charging stations are witnessing better revenue growth compared to companies restricted to a single segment.

This Frost & Sullivan Radar™ looks at 16 of the leading EV charging infrastructure companies and evaluates them based on growth and innovation leadership. The document presents competitive profiles on each of the companies based on their strengths, opportunities, and market positioning. We discuss strategic market imperatives and the competitive environment that vendors operate in as well as make recommendations each provider should consider to spur growth.

Key Issues Addressed

  • Who are the current market leaders in the EV charging infrastructure space?
  • Which companies are moving rapidly in market innovation?
  • What are the strengths of various companies profiled?
  • What kind of opportunities will be created for these companies and how can they align their strengths to benefit and improve their    market position?

Strategic Imperative

Strategic Imperative (continued)

Growth Environment

Growth Environment (continued)

Frost Radar™: Global EV Charging Infrastructure Market

Frost Radar™: Competitive Environment

Frost Radar™: Competitive Environment (continued)

Asea Brown Boveri (ABB)

BP Chargemaster

Delta Electronics

Eaton

Efacec

Enel X (eMotorWerks)

Ensto

EO Charging

EVBox (Engie)

KEBA Group

NewMotion (Shell)

Pod Point (EDF)

Schneider Electric

Siemens

Tritium

Webasto Group

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

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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.

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Impacting your company's future growth potential.

Many surveys conducted across the globe indicate one common issue tied to electric vehicles (EVs): drivers fear not finding a suitable charging station when needed. Globally, increasing demand for EVs has created significant need for more charging points. About 7.3 million chargers are active across the world (as of 2019), of which, nearly 6.5 million are private chargers, 0.6 million are public slow chargers, and 0.26 million are public fast chargers. China accounts for about 37%, 50%, and 81% of global private, public slow, and public fast chargers, respectively. Across many global EV markets, home and workplace charging are preferred over public charging stations. Currently, more than 70% of charging is done at home. Convenience, cost-effectiveness, and a variety of support policies (e.g., tax rebates, equipment purchase incentives, and cash rebates) are the main factors underpinning the dominance of home charging. Frost & Sullivan believes that in the next 5 years, the 70% home charging rate will drop to 50 to 60% while workplace and public charging will increase. Charging time is another main concern for drivers because most vehicles have a modest range and require en-route charging from time to time, especially among fleets. This has propelled the development and installation of DC fast chargers (50kW). Although DC fast chargers speed up the charging process, they create need for improved safety and additional components, such as advanced liquid cooled cables, substations, and battery energy storage systems. Companies with such extensive features and offerings for DC fast charging will have an edge for success in this space. In fact, vendors offering a wide range of products for AC and DC charging stations are witnessing better revenue growth compared to companies restricted to a single segment. This Frost & Sullivan Radar™ looks at 16 of the leading EV charging infrastructure companies and evaluates them based on growth and innovation leadership. The document presents competitive profiles on each of the companies based on their strengths, opportunities, and market positioning. We discuss strategic market imperatives and the competitive environment that vendors operate in as well as make recommendations each provider should consider to spur growth.--BEGIN PROMO--

Key Issues Addressed

  • Who are the current market leaders in the EV charging infrastructure space?
  • Which companies are moving rapidly in market innovation?
  • What are the strengths of various companies profiled?
  • What kind of opportunities will be created for these companies and how can they align their strengths to benefit and improve their    market position?
More Information
Deliverable Type Frost Radar
No Index No
Podcast No
Author Naga Karthik Voruganti
Industries Automotive
WIP Number K545-01-00-00-00
Is Prebook No
GPS Codes 9800-A6,9882-A6

Frost Radar™: Global Electric Vehicle Charging Infrastructure Market, 2020

AutomotiveFrost Radar™: Global Electric Vehicle Charging Infrastructure Market, 2020

A Benchmarking System to Spark Companies to Action—Innovation That Fuels New Deal Flow and Growth Pipelines

RELEASE DATE
27-Nov-2020
REGION
Global
Deliverable Type
Frost Radar
Research Code: K545-01-00-00-00
SKU: AU02079-GL-MR_24986
AvailableYesPDF Download
$4,950.00
In stock
SKU
AU02079-GL-MR_24986