APAC Electric Charging Station Market, by Charging Station Type (AC Charging, DC Charging, and Wireless Charging), by Technology  Type (Level 1, Level 2, and Level 3 ), by End User (Private and Public), and by Country (China, Japan, ASEAN, Australia, South Korea, and Rest of Asia Pacific) - Size, Share, Outlook, and Opportunity Analysis, 2018 – 2026

  • Published On : Jan 2019 |
  • Pages : 140 Pages |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

APAC Electric Charging Station Market – Insights

An electric vehicle charging station provides electric energy for the recharging of electric vehicles, including electric cars, neighborhood electric vehicles, and plug-in hybrids. It is also called as EV charging station, electric recharging point, electronic charging station (ECS), and electric vehicle supply equipment (EVSE).

APAC electric charging station market is expected to witness significant growth during the forecast period (2018–2026). This is majorly attributed to rising demand for electric vehicles. The usage of electric vehicle is beneficial to environment and health, as electric vehicles do not pollute the environment. Furthermore, these charging stations are more economical, as they save costs of fuel. Once the electric supply is setup, it can be utilized for long period of time.

Figure 1. APAC Electric Charging Station Market Share (%), by Region (2017 & 2026)

APAC Electric Charging Station  | Coherent Market Insights

Source: Coherent Market Insights, 2018-19

Increasing demand for electric vehicles is expected to aid in growth of the APAC electric charging station market

Increasing air pollution is one of the hazardous problems faced by Asia Pacific region, wherein vehicles are a major factor contributing to air pollution. Replacing conventional fuel-based vehicles with new generation electric vehicle is an important step towards air pollution control, as electric vehicles does not emit any polluting gases. Increasing number of electric vehicles results in rising demand for electric power stations.

Considering the environmental and economic benefits of electric vehicle and charging stations, governments are introducing new policies to boost the market growth. The Government of India introduced schemes such as Faster Adoption & Manufacturing of Hybrid and Electric Vehicles (FAME) in 2015 and second phase FEMA II in 2017 to support growth of the electric vehicle market.  

As per Coherent Market Insights’ analysis, electric charging station market is expected to grow at a rapid pace over the forecast period. This growth is attributed to increasing need for vehicles run using renewable energy, which is expected to aid in growth of the APAC electric charging station market.

Figure 2. APAC Electric Charging Station Market Share (%), By Technology Type (2017 & 2026)

APAC Electric Charging Station  | Coherent Market Insights

Source: Coherent Market Insights, 2018-19

Level 2 charging stations is more popular choice among consumers

Considering the technology, the market is divided into level 1, level 2, and level 3. Among these, the application of level 2 charging stations has the highest usage rate in the past few years. These stations are efficient than level 1 and more economical than level 3 charging stations. Therefore, the demand for level 2 charging stations is expected accelerate over the forecast period. However, level 3 charging stations are becoming popular, as the market gears to embrace technological advancements in the future.

China is expected to account for the largest market share in the APAC electric charging station market, while India is expected to witness fastest growth over the forecast period. The presence of large number of electric vehicles in China and increasing need for eco-friendly transport medium are some of the key factors driving the market growth. In India, the highest growth is attributed to various factors such as rapid acceptance of electric vehicles, increasing pollution control policies, and heavy investment by governments and private investors.

Lack of a sustainable business and financing model, and lack of infrastructure are major restraining factors affecting market growth

Lack of good sustainable business and financial model is a major drawback affecting growth of the APAC electric charging station market. Users are cautious of using electric vehicles because of the limited range they offer. Complete charging of an electric vehicle anywhere takes from 15 minutes to several hours, hence public charging station needs other facilities and infrastructure to keep the customers busy. Lack of infrastructure is also a restraining factor affecting the market growth. Charging stations must be provided at all the public platforms such as bus stations, airports, parking areas, hospitals, universities, parks, and other places.

Some of the key players operating in the APAC electric charging station market include PluginIndia.com, Greenlots, Mitsubishi Motors Corporation, ChargePoint, Inc., NARI Technology Co., Ltd, Blink Charging Co, Toshiba Corporation, Magenta Power, Star Charge, and Efacec among others.

An electric vehicle charging station provides electric energy for the recharging of electric vehicles, including electric cars, neighborhood electric vehicles, and plug-in hybrids. It is also called as EV charging station, electric recharging point, electronic charging station (ECS), and electric vehicle supply equipment (EVSE).

Market Dynamics

Use of electric vehicles is a major step towards reducing environmental hazards caused due to air pollution. Electric vehicles does not emit any hazardous gases that are responsible for air pollution. Due to this reason, many governments and environmental organizations are supporting growth of the electric vehicle market. For instance, according to the Government of India, electric vehicles are being taxed at 12%, as compared to 28% that petrol and diesel vehicles are subjected to.

Many Asian countries are replacing fuel-based vehicles with electric vehicles. For instance, according to Ministry of Energy, Science, Technology, Environment and Climate Change Malaysia, Malaysia is a major country in the adoption of electric vehicles. As per the government initiative known as National Electric Mobility Blueprint (EMB), country will replace diesel and petrol vehicles with electric vehicles and reduce the dependency on fossil fuel and greenhouse gas emissions.

Electric vehicles have more economic benefits over fuel cars. For instance, according to study in University of Michigan, for electric recharge of US$ 1, electric car can travel up to 36kms and for US$ 1, fuel car can travel only up to 18kms. This makes electric vehicles more cost-effective.

The Government of India is taking major steps towards establishing public electric charging stations. According to NITI Ayog report 2017, the Indian government is providing subsidiary for all the private investors investing in establishment of infrastructure for electric charging stations.

Key features of the study:

  • This report provides in-depth analysis of APAC electric charging station market size (US$ Mn) and compound annual growth rate (CAGR %) for the forecast period (2018– 2026), considering 2017 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading  market players
  • It profiles leading players in the APAC electric charging station market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, electric charging station market capital, key developments, strategies, and future plans
  • Companies covered as part of this study include PluginIndia.com, Greenlots, Mitsubishi Motors Corporation, ChargePoint, Inc., NARI Technology Co., Ltd, Blink Charging Co, Toshiba Corporation, Magenta Power, Star Charge, and Efacec among others.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launches, product upgrades, market expansion, and marketing tactics
  • APAC electric charging station market report caters to various stakeholders in this industry including investors, suppliers, managed service providers, third-party service providers, distributors, new entrants, and value-added resellers
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the APAC electric charging station market.

Detailed Segmentation:

  • APAC Electric Charging Station Market, By Charging Station Type:
    • AC Charging
    • DC Charging
    • Wireless Charging
  • APAC Electric Charging Station Market, By Technology Type:
    • Level 1
    • Level 2
    • Level 3
  • APAC Electric Charging Station Market, By End User:
    • Private
    • Public
  • APAC Electric charging station Market, By Country :
      • By Country:
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
  • Company Profiles
    • PluginIndia.com
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments/ Updates
    • Greenlots
    • Mitsubushi Motors Corporation
    • ChargePoint, Inc.
    • Efacec
    • NARI Technology Co., Ltd
    • Blink Charging Co.
    • Toshiba Corporation
    • Magenta Power
    • Star Charge

 “*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Charging Station Type
      • Market Snippet, By Technology Type
      • Market Snippet, By End User
      • Market Snippet, By Country
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • Merger and Acquisitions
      • New system Launch/Approvals
      • Value Chain Analysis
      • Porter’s Analysis
      • PEST Analysis
  4. APAC Electric Charging Station Market, By Charging Station Type, 2018-2026  (US$ Mn)
    • Introduction
      • Market Share Analysis, 2017 and 2026 (%)
      • Segment Trends
    • AC Charging
      • Introduction
      • Market Size and Forecast, 2018–2026, (US$ Mn)
    • DC Charging
      • Introduction
      • Market Size and Forecast, 2018–2026, (US$ Mn)
    • Wireless Charging
      • Introduction
      • Market Size and Forecast, 2018–2026, (US$ Mn)
  5. APAC Electric Charging Station Market, By Technology Type, 2018-2026  (US$ Mn)
    • Introduction
      • Market Share Analysis, 2017 and 2026 (%)
      • Segment Trends
    • Level 1
      • Introduction
      • Market Size and Forecast, 2018–2026, (US$ Mn)
    • Level 2
      • Introduction
      • Market Size and Forecast, 2018–2026, (US$ Mn)
    • Level 3
      • Introduction
      • Market Size and Forecast, 2018–2026, (US$ Mn)
  6. APAC Electric Charging Station Market, By End User, 2018-2026  (US$ Mn)
    • Introduction
      • Market Share Analysis, 2017 and 2026 (%)
      • Segment Trends
    • Private
      • Introduction
      • Market Size and Forecast, 2018–2026, (US$ Mn)
    • Public
      • Introduction
      • Market Size and Forecast, 2018–2026, (US$ Mn)
  7. APAC Electric Charging Station Market, By Country, 2018-2026 (US$ Mn)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2026 (%)
    • Asia Pacific
      • Regional Trends
      • Market Size and Forecast, By Charging Station Type, 2018–2026 (US$ Mn)
      • Market Size and Forecast, By End User, 2018–2026 (US$ Mn)
      • Market Size and Forecast, By Technology Type, 2018-2026 (US$ Mn)
      • Market Share Analysis, By Country, 2018 and 2026 (%)
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
  8. Competitive Landscape
    • Company Profiles
      • PluginIndia.com
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Greenlots
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Mitsubishi Motors Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • ChargePoint, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Efacec
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • NARI Technology Co., Ltd
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Blink Charging Co.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Toshiba Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Magenta Power
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Star Charge
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
    • Analyst Views
  9. Section
    • References
    • Research Methodology
    • About us and Sales Contact

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