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.
Speak directly with our analytics experts for tailored recommendations.
Purchase includes:
- Report download
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Growth Dialog™
A tailored session with you where we identify the:- Strategic Imperatives
- Growth Opportunities
- Best Practices
- Companies to Action
Impacting your company's future growth potential.
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?
| 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
A Benchmarking System to Spark Companies to Action—Innovation That Fuels New Deal Flow and Growth Pipelines
27-Nov-2020
Global
Frost Radar
