Key Findings
- Electric Vehicles (EVs) in India could represent $1.9 Bn opportunity by 2025.
- Surge in government initiatives for development of electric vehicle charging infrastructure through FAME II Initiative to increase the charging points in India in various states.
- Further, limited number of EV charging stations, lack of standardization of EV charging, rise in demand for luxury and feature enabled vehicles, and wireless charging for EVs to have strong impact on the market.
Strong Government Push: The government has increased the budget allocation for FAME II by eight times compared to FAME I. As of January 2020, 2,636 EV chargers have been allotted the incentive in 24 states and union territories, out of which 1633 fast chargers and 1003 slow chargers have been sanctioned. The government is planning to set up at least one EV charging kiosk at around 69,000 petrol pumps across the country to induce people to go for electric mobility.
Electric Vehicle Battery Swapping Market: Battery swapping or battery-as-a-service allows customers to lease batteries as a separate component of the car. The customer can take out the discharged battery and change it with a fully charged one. Battery swapping could address some of the key challenges in electric vehicles, such as the high battery replacement cost, long charging duration, and insufficient charging infrastructure.
EaaS (Energy-as-a-service) as an opportunity for utilities: EaaS companies are buying installing LEDs and solar arrays to EV charging stations for a monthly fee or at a fixed rate per unit of energy consumed. Ahome charging EaaS subscription service can give customers access to a home charger at an affordable monthly rate & cost savings benefit provided by smart software.
Scaling EV charging infrastructure with focus on interoperability: Interoperability is the open communication and exchange of data between and among devices and/or software systems. It can be a big boon to the EV charging infrastructure. The open exchange of operational data between EV charging stations, network operators, and back-end payment systems is critical to public and private charging infrastructure.
The report titled “India EV Charging Equipment Market Outlook to 2026– Driven by Increasing Adoption of Electric Vehicles along with Implementation of FAME II Policy by Government” provides a comprehensive analysis of the potential of Electric Vehicle Charging Equipment industry in India. The report covers various aspects including the current EV Scenario and charging infrastructure status in India, revenue generated from EV Charging equipment, its segmentations viz Type of Charger – Fast (DC) vs. Slow (AC), Type of Charging Stations, Application (4W vs. 3W vs. 2W), Geographic Distribution, Distribution Channel and By Organized and Unorganized Sector, major trends and development, issues and challenges, government regulations and product analysis. The report concludes with market projections for future of the industry including forecasted industry size by revenue along with analyst recommendations and key market opportunities.
Key Segments Covered in India Electric Vehicle Charging Equipment Market:-
By Type of Charger
Fast (DC Chargers)
Slow (AC Chargers)
By Type of Charging Stations
Portable Chargers
Private Charging
Public Charging
By Distribution Channel
Direct Sales
Indirect Sales
By Organized and Unorganized Sector
Organized
Unorganized
Key Target Audience:-
EV Manufacturers
EV Dealers/Distributors
Fleet Aggregators
Government Agencies
Automobile Consultants
Multiple Unit Dwellings and Transport Infrastructure
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Time Period Captured in the Report:-
Historical Period: FY’2016-FY’2021
Forecast Period: FY’2021-FY’2026
Companies Covered:-
AEIDTH Technologies
Amplify Mobility
ChargeMOD
LUBI EV Solutions
Magenta Power
PlugNGo
ChargeMyGaadi
Delta Electronics
Key Topics Covered in the Report:-
- Overview of India EV Market
- Genesis and Overview of India EV Charging Equipment Market
- Charging Infrastructure for India EV Market
- India EV Charging Equipment Market Segmentations
- Overview of Charge Point Operators in India
- Competition Analysis : Market Share of Charge Point Operators in India, FY’2021
- Product Landscape of Key Manufacturers (ChargeMOD, AEIDTH Technologies , ABB, Lubi EV Solution, Mass Tech, P2 Power Solution , RRT Electro Power)
- Government Initiatives and Regulations in India EV Charging Equipment Market
- SWOT Analysis of EV Charging Equipment Market
- Key Trends in India EV Charging Equipment Market
- Issues and Challenges in India EV Charging Equipment Market
- Impact of COVID 19 on EV sales
- Outlook and Future Projections for India EV Charging Equipment Market
- Future Plans on Establishment of Charging Stations in India
- Recommendations / Success Factors
- Research Methodology
- Appendix
For More Information on the research report, refer to below link:-
India EV Charging Equipment Market
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