Charging pile is charging for various kinds of new energy electric vehicles. Its function is similar to gas station inside the tanker. It is typically intended as a single charging station and hooked up to a 220 to 240 VAC source. A high speed charging station is commonly hooked to a much higher voltage and can deliver considerably higher current. This requires with one of a few different possible exclusive charging technologies, and much of the charging pile system is actually built into the vehicle.
According to study, “World Charging Pile Market Research Report 2024(Covering USA, EU, China, South East Asia, Japan and etc)” the key companies operating in the world charging pile market are Charge point, Auto Electric Power Plant, ABB Ltd., BYD, Blink, Clipper Creek Inc., Chargemaster Plc., Eaton Corp., DBT CEV, Delphi Automotive Plc., Elektromotive, AeroVironment Inc., Beijing Huashang Sanyou New Energy Technology, General Electric Company, NARI Technology Co. Ltd., Leviton Manufacturing Co., Inc., Pod Point Ltd., Panasonic, Puruite, Potivio, Schneider Electric SE, Ruckus New Energy Tech, Chroma Ate Inc., Dianzhuang, Potevio New Energy, Qualcomm, Qingdao TGOOD Electric, SAIC Motor, Geely, Schaffner Holding AG (Evatran Group), Siemens AG, Silicon Laboratories, Inc., SemaConnect Inc., Robert Bosch GmbH, Webasto SE, Shanghai Xundao, Titans, Sieyuan Electric Co., Ltd., UTEK New Energy Technology Co., Ltd., Nissan, Honda, Mitsubishi, Toyota, Hope New Energy Technology Inc., XJ Electric Co., Ltd., Volvo, Shaihai Potevio Energy Science and Technology Co. Ltd., Star Charge, ZOTYE, State Grid Corporation of China, ZTE, Suzhou Industrial Park Heshun Electric Co., Ltd., Sinocharge, Zhejiang Wanma New Energy, Xuji Group. Key Companies are concentrating on charging pile research & development (R&D), along with acquisitions, mergers, & innovations in products, in order to reinforce their market share.
Based on product type, charging pile market is segmented into Direct Current (DC) charging pile and Alternate Current (AC) charging pile (slow AC and fast AC). AC charging pile is cheaper than DC charging pile, but AC charging pile has little harm than DC charging pile. Based on vehicle type, market is segmented into Plug-In Electric Vehicles (PHEV), Battery Electric Vehicles (BEV), and Hybrid Electric Vehicles (HEV). Based on charging type, market is segmented into on-board chargers and off-board chargers. Based on charging station standards, market is segmented into GB/T, Combined Charging System (CCS), CHAdeMO, Tesla supercharger, IEC 62196 and SAE J1772. In addition, based on end-user, market is segmented into government, shopping malls parking lot, public parking, private areas and others.
The charging pile market is driven by rise in penetration of electric vehicles, followed by government regulations to curb environment pollution, and growth in disposable income of population. However, lack of standardization of electrical vehicle charging and limited number of charging stations may impact the market. Moreover, wireless charging for electric vehicles and surge in demand for luxury vehicles are key opportunities for market.
It is anticipated that future of the charging pile market will be bright owing to increase in government initiatives during the forecast period. The global market is projected to grow at a CAGR of approximately 33.3% over the next five years, will reach US $2349.9 million in 2024, from US $743.8 million in 2019.
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Ankur Gupta, Head Marketing & Communications