Heavy Electric Vehicle and Industrial Equipment Charging Market

Global Market Study on Heavy Electric Vehicle Industrial Equipment Charging: Efforts of Governments for Stronger Power Transmission & Distribution Infrastructure to Remain Pivotal

ID: PMRREP28462
Calendar

April 2019

262 Pages

Author : Sayali Mali

Introduction

Global heavy electric vehicle and industrial equipment charging market size was registered at around US$ 2,692 Mn in 2017. The heavy electric vehicle and industrial equipment charging market is expected to grow at a CAGR of approximately 13.6% during the forecast period of 2018 to 2028.

Across all the end use industries, the trend in recent years has been all about miniaturization, i.e., the manufacturing of ever-smaller electrical, mechanical, and optical products. Thus, manufacturers are likely to gain a competitive edge over other players by offering miniaturized heavy electric vehicle and industrial equipment charging solutions.

All the industry trends, i.e., miniaturization, the development of technology, and price transparency, are likely to create the need for innovation within the heavy electric vehicle and industrial equipment charging market. Moreover, with the current scenario of the extremely price-competitive industry, manufacturers are leaning toward investing more on research and development to be able to offer power-efficient heavy electric vehicle and industrial EV Equipment charging solutions.

heavy_electric_vehicle_and_industrial_equipment

The heavy electric vehicle and industrial equipment charging markets in the North America and Europe business regions are estimated to remain the largest regional markets throughout the forecast period. With the steady growth of the heavy electric vehicle and industrial equipment charging markets across developing regions, participants in the heavy electric vehicle and industrial equipment charging markets are diversifying and strengthening their production and distribution base across the globe.

The heavy electric vehicle and industrial equipment charging market in North America is estimated to record the highest CAGR during the forecast period, followed by the heavy electric vehicle and industrial equipment charging market in South Asia. Heavy electric vehicle and industrial equipment charging market participants are adopting product diversification strategies to enhance their market presence in the global heavy electric vehicle and industrial equipment charging market.

Moreover, emerging companies are significantly investing on new product development and the launch of heavy electric vehicle and industrial equipment charging solutions to sustain their market presence.

Compared to static power transfer applications of heavy electric vehicle and industrial equipment charging, the dynamic power transfer applications of heavy electric vehicle and industrial equipment charging solutions are estimated to register a higher growth rate in the global heavy electric vehicle and industrial equipment charging market during the forecast period.

Key Dynamics: Heavy Electric Vehicle and Industrial Equipment Charging Market

Extensive End-Use Domains Deploying Heavy Electric Vehicle and Industrial Equipment Charging

While the specific drivers of the heavy electric vehicle and industrial equipment charging market vary from region to region, the primary goal of the deployment of heavy electric vehicle and industrial equipment charging is to make the grid more safe, cost-effective, secure, eco-friendly, and sustainable. Transitioning from nonrenewable energy to renewable energy is a primary factor driving the adoption of heavy electric vehicle and industrial equipment charging in the industrial sector.

Electric mass passenger and goods transportation is becoming an important end-use sector, and is estimated to capture multiple revenue streams, thus enhancing its share in the global heavy electric vehicle and industrial equipment charging market.

High Initial Cost

Material composition and the manufacturing process associated with heavy electric vehicle and industrial equipment charging has resulted in the high cost of end products, which is a major factor restraining the adoption of new and innovative heavy electric vehicle and industrial equipment charging products among consumers.

In the existing scenario, heavy electric vehicle and industrial equipment charging cost is a major differentiating factor in developing countries. Preference for low-cost alternatives is a significant trend, and is expected to negatively affect the adoption of heavy electric vehicles and industrial equipment charging equipment.

Heavy Electric Vehicle and Industrial Equipment Charging Market Structure Analysis

  • Some of the top participants in the global heavy electric vehicle and industrial equipment charging market include Electreon, WiTricity Corporation, Greenlots, Delta Energy Systems, Momentum Dynamics, and WAVE INC.
  • Currently, companies are focusing on the urban public transportation segment, especially on electric buses that have a fixed route. In the future, electrified roads can be shared with additional users such as municipal utility vehicles, city logistics, taxis, and other electric vehicles.
  • In the coming years, Electreon, a publicly-traded Israeli company, plans to focus on the Israeli and European markets. As a part of its long-term plan, the company plans to expand its heavy electric vehicle and industrial equipment charging market to China, which is the leading heavy electric vehicle and industrial equipment charging market for the public as well as private sector.

Companies Covered in Heavy Electric Vehicle and Industrial Equipment Charging Market

  • Electreon
  • WiTricity Corporation
  • Greenlots
  • Delta Energy Systems
  • Momentum Dynamics
  • WAVE INC.

Related Reports

1. Executive Summary

    1.1. Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. PMR Analysis and Recommendations

2. Market Introduction

    2.1. Market Taxonomy

    2.2. Market Snapshot

    2.3. Market Share Analysis by Segments

    2.4. Incremental Opportunities by Segment

    2.5. Market Size and Y-o-Y Growth Rate

    2.6. Market Absolute $ Opportunity

3. Market Background

    3.1. Macro-economic Factors

    3.2. Value Chain Analysis

    3.3. Key Trends and Implications Across Value Chain

    3.4. Electrical Sector Strategic Growth Initiatives

    3.5. Forecast Factors – Relevance & Impact

    3.6. Market Drivers

    3.7. Market Challenges

    3.8. Market Trends

    3.9. Market Opportunity

4. Global Heavy Electric Vehicle and Industrial Equipment Charging Market Analysis 2013-2017 and Forecast 2018-2028, by Technology

    4.1. Introduction

    4.2. Market Value Analysis (US$ Mn) Analysis By Technology, 2013 - 2017

    4.3. Current Market Size (US$ Mn) Analysis and Forecast By Technology, 2018 - 2018

        4.3.1. Inductive Charging

        4.3.2. Resonant Inductive Charging

    4.4. Market Attractiveness Analysis By Technology

5. Global Heavy Electric Vehicle and Industrial Equipment Charging Market Analysis 2013-2017 and Forecast 2018-2028, by Application

    5.1. Introduction

    5.2. Market Value Analysis (US$ Mn) Analysis By Application, 2013 - 2017

    5.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Application, 2018 – 2018

        5.3.1. Static Power Transfer

        5.3.2. Dynamic Power Transfer

    5.4. Market Attractiveness Analysis By Application

6. Global Heavy Electric Vehicle and Industrial Equipment Charging Market Analysis 2013-2017 and Forecast 2018-2028, by End-user

    6.1. Introduction

    6.2. Market Value Analysis (US$ Mn) Analysis By End-use, 2013 - 2017

    6.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By End-use, 2018 – 2018

        6.3.1. Electric Bus

        6.3.2. Semi-trailer Truck

        6.3.3. Heavy Duty Truck

        6.3.4. Terminal Tractor

        6.3.5. Electric Towing Vehicle

        6.3.6. Electric Forklifts

        6.3.7. Scissor Lifts

        6.3.8. Automated Guided Vehicles

        6.3.9. Others

    6.4. Market Attractiveness Analysis By End-use

7. Global Heavy Electric Vehicle and Industrial Equipment Charging Market Analysis 2013-2017 and Forecast 2018-2028, by Capacity

    7.1. Introduction

    7.2. Market Value Analysis (US$ Mn) Analysis By Capacity, 2013 - 2017

    7.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Capacity, 2018 – 2018

        7.3.1. Between 50kW and 250kW

        7.3.2. Above 250kW

    7.4. Market Attractiveness Analysis By Capacity

8. Global Heavy Electric Vehicle and Industrial Equipment Charging Market Analysis 2013-2017 and Forecast 2018-2028, by Region

    8.1. Introduction

    8.2. Market Value Analysis (US$ Mn) Analysis By Region, 2013 - 2017

    8.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Region, 2018 – 2018

        8.3.1. North America

        8.3.2. Latin America

        8.3.3. Europe

        8.3.4. South Asia

        8.3.5. East Asia

        8.3.6. Oceania

        8.3.7. Middle East and Africa

    8.4. Market Attractiveness Analysis By Region

9. North America Heavy Electric Vehicle and Industrial Equipment Charging Market Analysis 2013-2017 and Forecast 2018-2028

    9.1. Introduction

    9.2. Market Value Analysis (US$ Mn) Trend Analysis By Market Taxonomy, 2013 - 2017

    9.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2018 - 2028

        9.3.1. By Country

            9.3.1.1. U.S.

            9.3.1.2. Canada

        9.3.2. By Technology

        9.3.3. By Application

        9.3.4. By End-use

        9.3.5. By Capacity

    9.4. Market Attractiveness Analysis

        9.4.1. By Country

        9.4.2. By Technology

        9.4.3. By Application

        9.4.4. By End-use

        9.4.5. By Capacity

10. Latin America Heavy Electric Vehicle and Industrial Equipment Charging Market Analysis 2013-2017 and Forecast 2018-2028

    10.1. Introduction

    10.2. Market Value Analysis (US$ Mn) Trend Analysis By Market Taxonomy, 2013 - 2017

    10.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2018 - 2028

        10.3.1. By Country

            10.3.1.1. Brazil

            10.3.1.2. Mexico

            10.3.1.3. Rest of Latin America

        10.3.2. By Technology

        10.3.3. By Application

        10.3.4. By End-use

        10.3.5. By Capacity

    10.4. Market Attractiveness Analysis

        10.4.1. By Country

        10.4.2. By Technology

        10.4.3. By Application

        10.4.4. By End-use

        10.4.5. By Capacity

11. Europe Heavy Electric Vehicle and Industrial Equipment Charging Market Analysis 2013-2017 and Forecast 2018-2028

    11.1. Introduction

    11.2. Market Value Analysis (US$ Mn) Trend Analysis By Market Taxonomy, 2013 - 2017

    11.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2018 - 2028

        11.3.1. By Country

            11.3.1.1. Germany

            11.3.1.2. Italy

            11.3.1.3. France

            11.3.1.4. U.K.

            11.3.1.5. Spain

            11.3.1.6. BENELUX

            11.3.1.7. Russia

            11.3.1.8. Rest of Europe

        11.3.2. By Technology

        11.3.3. By Application

        11.3.4. By End-use

        11.3.5. By Capacity

    11.4. Market Attractiveness Analysis

        11.4.1. By Country

        11.4.2. By Technology

        11.4.3. By Application

        11.4.4. By End-use

        11.4.5. By Capacity

12. South Asia Heavy Electric Vehicle and Industrial Equipment Charging Market Analysis 2013-2017 and Forecast 2018-2028

    12.1. Introduction

    12.2. Market Value Analysis (US$ Mn) Trend Analysis By Market Taxonomy, 2013 - 2017

    12.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2018 - 2028

        12.3.1. By Country

            12.3.1.1. India

            12.3.1.2. Thailand

            12.3.1.3. Indonesia

            12.3.1.4. Malaysia

            12.3.1.5. Singapore

            12.3.1.6. Rest of South Asia

        12.3.2. By Technology

        12.3.3. By Application

        12.3.4. By End-use

        12.3.5. By Capacity

    12.4. Market Attractiveness Analysis

        12.4.1. By Country

        12.4.2. By Technology

        12.4.3. By Application

        12.4.4. By End-use

        12.4.5. By Capacity

13. East Asia Heavy Electric Vehicle and Industrial Equipment Charging Market Analysis 2013-2017 and Forecast 2018-2028

    13.1. Introduction

    13.2. Market Value Analysis (US$ Mn) Trend Analysis By Market Taxonomy, 2013 - 2017

    13.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2018 - 2028

        13.3.1. By Country

            13.3.1.1. China

            13.3.1.2. Japan

            13.3.1.3. South Korea

        13.3.2. By Technology

        13.3.3. By Application

        13.3.4. By End-use

        13.3.5. By Capacity

    13.4. Market Attractiveness Analysis

        13.4.1. By Country

        13.4.2. By Technology

        13.4.3. By Application

        13.4.4. By End-use

        13.4.5. By Capacity

14. Oceania Heavy Electric Vehicle and Industrial Equipment Charging Market Analysis 2013-2017 and Forecast 2018-2028

    14.1. Introduction

    14.2. Market Value Analysis (US$ Mn) Trend Analysis By Market Taxonomy, 2013 - 2017

    14.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2018 - 2028

        14.3.1. By Country

            14.3.1.1. Australia

            14.3.1.2. New Zealand

        14.3.2. By Technology

        14.3.3. By Application

        14.3.4. By End-use

        14.3.5. By Capacity

    14.4. Market Attractiveness Analysis

        14.4.1. By Country

        14.4.2. By Technology

        14.4.3. By Application

        14.4.4. By End-use

        14.4.5. By Capacity

15. Middle East and Africa Heavy Electric Vehicle and Industrial Equipment Charging Market Analysis 2013-2017 and Forecast 2018-2028

    15.1. Introduction

    15.2. Market Value Analysis (US$ Mn) Trend Analysis By Market Taxonomy, 2013 - 2017

    15.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2018 - 2028

        15.3.1. By Country

            15.3.1.1. GCC Countries

            15.3.1.2. Turkey

            15.3.1.3. Northern Africa

            15.3.1.4. South Africa

            15.3.1.5. Rest of Middle East and Africa

        15.3.2. By Technology

        15.3.3. By Application

        15.3.4. By End-use

        15.3.5. By Capacity

    15.4. Market Attractiveness Analysis

        15.4.1. By Country

        15.4.2. By Technology

        15.4.3. By Application

        15.4.4. By End-use

        15.4.5. By Capacity

16. Emerging Countries Heavy Electric Vehicle and Industrial Equipment Charging Market Analysis 2013-2017 and Forecast 2018-2028

    16.1. China Heavy Electric Vehicle and Industrial Equipment Charging Market Analysis

    16.2. India Heavy Electric Vehicle and Industrial Equipment Charging Market Analysis

    16.3. Mexico Heavy Electric Vehicle and Industrial Equipment Charging Market Analysis

17. Competition Deep Dive

    17.1. Key Developments

    17.2. Company Profiles

        17.2.1. Electreon

            17.2.1.1. Overview

            17.2.1.2. Product Portfolio

            17.2.1.3. Key Strategies

        17.2.2. WiTricity Corporation

            17.2.2.1. Overview

            17.2.2.2. Product Portfolio

            17.2.2.3. Key Strategies

        17.2.3. Greenlots

            17.2.3.1. Overview

            17.2.3.2. Product Portfolio

            17.2.3.3. Key Strategies

        17.2.4. Delta Energy Systems

            17.2.4.1. Overview

            17.2.4.2. Product Portfolio

            17.2.4.3. Key Strategies

        17.2.5. Momentum Dynamics

            17.2.5.1. Overview

            17.2.5.2. Product Portfolio

            17.2.5.3. Key Strategies

        17.2.6. WAVE INC.

            17.2.6.1. Overview

            17.2.6.2. Product Portfolio

            17.2.6.3. Key Strategies

18. Research Methodology

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We integrate advanced research frameworks, robust data collection strategies, cutting-edge analytics, and innovative technologies to deliver a 360-degree view of complex markets.

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Top-Down Market SizingBottom-Up Market Sizing
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