The global heavy EVs and industrial equipment charging market size is expected to reach USD 10.95 Billion at a revenue CAGR of 12.9% in 2028, according to latest analysis by Emergen Research. Steady heavy EVs and industrial equipment charging market revenue growth can be attributed to increasing initiatives by governments worldwide to curb environmental pollution. Governments across the globe are investing substantially in Electric Vehicle (EV) charging infrastructure to create opportunities for OEMs to expand their business and revenues.
The report covers the impact analysis of COVID-19 on the market. The pandemic has affected the dynamics of the market on a global level. The report presents the current market scenario and economic landscape with regards to COVID-19 and also provides an analysis of the present and future impact of the pandemic on the global market.
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Key companies profiled in the report include:
Delta Energy Systems, ElectReon, WAVE Inc., BP Chargemaster, WiTricity Corporation, Momentum Dynamics, Greenlots, Robert Bosch GmbH, Siemens AG, and ABB Ltd.
Emergen Research has segmented the global heavy EVs and industrial equipment charging market on the basis of application, technology, end-use, and region:
Application Outlook (Revenue, USD Million; 2018–2028)
Static Power Transfer
Dynamic Power Transfer
Technology Outlook (Revenue, USD Million; 2018–2028)
Inductive Charging
Resonant Inductive Charging
End-Use Outlook (Revenue, USD Million; 2018–2028)
Electric Bus
Automated Guided Vehicles
Heavy Duty Truck
Semi-Trailer Truck
Electric Towing Vehicle
Terminal Tractor
Scissor Lifts
Electric Forklifts
Others
The global Heavy EVs and Industrial Equipment Charging market report covers the analysis of drivers, trends, limitations, restraints, and challenges arising in the Heavy EVs and Industrial Equipment Charging market. The report also discusses the impact of various other market factors affecting the growth of the market across various segments and regions. The report segments the market on the basis of types, applications, and regions to impart a better understanding of the Heavy EVs and Industrial Equipment Charging market.
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Key Questions Answered by the Report:
Which region is expected to dominate the market in the coming years?
What are the recent technological and product advancements occurring in the market?
What are the key strategies adopted by the prominent players in the Heavy EVs and Industrial Equipment Charging market?
What are the key product types and applications of the Heavy EVs and Industrial Equipment Charging industry?
Rising emphasis on cost-efficient productivity and efficiency is driving demand for Industry 4.0, which in turn is propelling heavy EVs and industrial equipment charging market revenue growth. With the advent of Industry 4.0, several industries are experiencing enhanced efficiency, increased output, personalized offerings, lower-cost benefits, and novel business model development.
Some Key Highlights from the Report
In August 2021, Concentric, which is a firm engaged in DC power management solutions for critical power and material handling industries, made an announcement about the purchase of STANGCO Industrial Equipment Inc. for providing charging requirement solutions for various industries.
Among the technology segments, inductive charging segment revenue is expected to expand at a significantly rapid rate over forecast period. Inductive or wireless charging technology is garnering substantial traction in EV charging as it allows EVs to be charged wirelessly when in close proximity of charging coils. Likely use cases of this technology are placing inductive charging coils in strategic public sites, such as parking spots or roads, to enable charging of vehicles while moving. This technology is expected to reduce need for charging stations and hence save considerable costs on charging infrastructure.
Among the application segments, dynamic power transfer segment revenue is expected to register a rapid growth rate over forecast period. Dynamic power transfer system provides an uninterrupted power supply for EVs, thereby offering extended driving range for heavy vehicles with reduced battery capacity. Charging EVs on the move allows for substantial reduction in the storage capacity of batteries. Dynamic power transfer systems can be deployed with small segmented coils laid on roads to charge EVs.
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Regional Outlook
Regional Analysis:
The report further examines the market in the key regions of the world with regard to production and consumption patterns, import/export, supply and demand ratio, revenue generation, market share and size, and presence of prominent players in the regions. The report also covers the expansion plans undertaken by companies in the regions under the regional analysis section.
Key regions in the market include:
North America
S.
Canada
Europe
K.
Italy
Germany
France
Rest of EU
Asia Pacific
India
Japan
China
South Korea
Australia
Rest of APAC
Latin America
Chile
Brazil
Argentina
Rest of Latin America
Middle East Africa
Saudi Arabia
A.E.
South Africa
Rest of MEA
In conclusion, the report provides a qualitative and quantitative analysis of the Global Heavy EVs and Industrial Equipment Charging market market, including the global and regional analysis of the market. The study covers critical information and factual data about the Heavy EVs and Industrial Equipment Charging market industry, along with an in-depth statistical analysis of the market drivers, limitations, growth prospects, opportunities, and threats. On the basis of the current market scope, the report provides an extensive analysis of how the Heavy EVs and Industrial Equipment Charging market market is expected to fare in the forecast timeline. The report utilizes advanced analytical tools to offer an estimation of the outlook of the global state of the Heavy EVs and Industrial Equipment Charging market industry.
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