China Is Developing New GB/T Fast Charging Standard At 900 kW. According to the State Grid Corporation of China’s (SGCC) presentation, China is developing a new version of GB/T fast charging standard. Currently, GB/T was offering only 237.5 kW at 950 V and 250 A so this will be nearly four times more capable in terms of output. Power will be more than twice as high as the new 400 kW CHAdeMO and 350 kW CCS Combo specs too.
Asia-Pacific EV charging outlets market is segmented on the basis of deployment type (public or private). Private charging outlets are major installed at home, commercial building, shopping malls, and private parking spaces among others. Private charging outlets dominated the Asia-Pacific EV charging outlets deployment type market in 2017, due to the high ownership of EVs and lack of publically accessible EV charging outlets. However, the rise in support by the governmental bodies is propelling the growth of the public EV charging outlets market. The charging outlets are further segregated as fast and slow chargers, among which slow EV chargers dominate the market and is expected to maintain its dominance during the forecasted period.
Based on the level of charging the EV charging outlets market is bifurcated into level 1, level 2 and level 3. Typically, Level 1 and Level 2 chargers are slow chargers, whereas Level 3 is the DC fast chargers. Level 1 and Level 2 chargers take more charging time compared to level 3 chargers. Level 2 chargers dominated the market as these chargers are deployed in both private and public locations and also are cheaper than level 3 chargers. On the basis of mode of charging, the market is segmented into plugin and wireless chargers. In 2017, plug-in chargers dominated to market, followed by wireless.
Furthermore, for the better understanding of the adoption rate of EV and charging outlets the Asia-Pacific EV charging outlets market is studied for countries including China, Japan, India, South Korea, Singapore, and Rest of APAC. China dominated global and Asia-Pacific EV charging outlets market in 2017 and is anticipated to remain the top market for EV and EV charging outlets market during the forecasted period. However, countries such as India, Singapore among others are gaining wide adoption of electric vehicle, owing to increased government initiatives and participation of private companies operating in the industry.
Top Company Covered:
China is the largest market for the electric vehicle, most of the global companies are investing heavily to cater to the growing demand for electric vehicle and charging infrastructure. Some of the key players profiled in the Asia-Pacific EV charging outlets market are BYD company Ltd, ChargePoint Inc., Eaton Corp., EVBox, Fortum OYJ, General Electric Company, Schneider Electric S.E., Shanghai Potevio Co., Ltd. (Potevio), Tesla Inc. and TGOOD (Qingdao TGOOD Electric Co., Ltd). These players are adopting several market strategies, such as merger, acquisition, and collaboration, among others to strengthen their foothold in the industry.
Reasons to buy this Report:
Historical and forecasted market volume validated through primary and secondary sources
In-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, SWOT analysis, and recent developments
Examination on drivers, restraints, key trends and opportunities prevailing in the industry.
Regulatory scenario, programs, investments and initiatives for EV charging outlets present in different countries
Examination of industry attractiveness with the help of Porter’s Five Forces analysis
Comprehensive coverage of the market across different market segments
Deep dive country-level analysis of the industry
The Asia-Pacific EV Charging Outlets Market can be customized to any other country as per the requirement but would depend on data availability on secondary and primary sources. Besides this, understands that you may have your own business need, please connect with our analyst, who will ensure you get a report that suits your needs and requirement.