ABB, Tesla and Siemens are dominating the Asia-Pacific Electric Vehicle Charging Stations Market in 2019

Asia-Pacific Electric Vehicle Charging Stations Market is expected to grow with the CAGR of 49.5% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.

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Asia-Pacific electric vehicle charging stations market is a highly consolidated market, which includes number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in Asia-Pacific electric vehicle charging stations market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio. For instance, In February 2015, Tesla added almost 400 new supercharger stations in North America, Europe, Asia, and Australia. The Tesla Supercharger network is the world’s largest and fastest-growing fast-charging network. The expansion is going to enhance productivity along with revenue generation for the company.   

ABB is the dominating player in Asia-Pacific electric vehicle charging stations market. The other key players existing in the market includes Tesla, Siemens, Daimler AG, ChargePoint, Inc., Eaton, Shell International BV, Tata Power, Total, Phihong USA Corp., Groupe Renault, Schneider Electric, and Webasto Thermo & Comfort  among others.

Asia-Pacific Electric Vehicle Charging Stations Market

Tesla

Tesla is headquartered in California, U.S. and was founded in year 2003. The company focuses on providing electric vehicles along with the charging stations which facilitates to deliver scalable clean energy generation and storage products for zero-emission. The company operates in automotive, energy generation and energy storage and energy generation and storage is market focused segment. The company offers wide range of brand categories such as charging, vehicle accessories and parts among which charging is the market focused categories.

For instance,

  • In March 2019, Tesla launched V3 Supercharging which is the world’s largest grid-connected batteries that enables the vehicles to charge faster than any other electric vehicle. The V3 supercharging is inbuilt with the 1MW power cabinet that is having the same design for utility-scale products that support peak rates of up to 250kW per car. The launch of the new product is going to enhance the brand image along with productivity for the company enhancing its revenue.

The company has wide presence in Asia-Pacific along with North America, Europe, Middle East and Africa, and South America with its various subsidiaries such as SolarCity, Maxwell Technologies Shenzhen Trading Co. and Tesla Grohmann Automation GmbH among others.

ABB

ABB is headquartered in Zurich, Switzerland and was founded in 1988. The company focuses in providing solution based on technology to the power grid, automation, electrification sector and others. Company operates in business segments such as electrification products, robotics and motion, power grids and industrial automation and electrification products is the market focussed category. The company provides product categories such as control room solutions, communication networks, drives, high voltage products, low voltage products and systems, measurement and analytics, mechanical power transmission, medium voltage products, metallurgy products, motor and generators, plc automation, power converters and inverters, robotics, semiconductors, substation automation, protection and control, transformers, control systems, distributed energy resources and microgrids, electric vehicle charging infrastructure, enterprise software, facts, HVDC, marine vesselsm network management, offshore wind connections, operations management software, power consulting, power electronics, safety, substation automation, protection and control, sunstations and electrification, turbocharging, ups and power conditioning out of which electric vehicle charging infrastructure  is the market focused category.

For instance,

  • In August 2019, ABB got a new contract for Terra 184 electric vehicle chargers from Japan’s e-Mobility Power Co., Inc., (eMP) to modernize the infrastructure for the country’s electric vehicle market and accelerate the nation’s shift towards sustainable mobility. These Terra 184 electric vehicle chargers will be installed across the country to offer users quick and convenient charging options anytime, anywhere. This has helped the company to enhance their customer base.

The company has wide presence across Asia-Pacific, Europe, Middle East and Africa, Latin America and North America and generates revenue from subsidiaries such as ABB Motors and Mechanical (U.S.), Cylon Controls (Ireland), GE Industrial Systems (U.S.), ABB Stotz-Kontakt (Germany) and ABB Australia (Australia) among others.

Siemens 

Siemens is headquartered in Munich, Germany was founded in 1847. The company is engaged in providing automation, digitalization and electrification solution for different kind of industries. Company offers business segments such as digital industries, smart infrastructure, gas and power, mobility, Siemens Healthineers, Siemens gamesa renewable energy among which smart infrastructure is the market focussed segment. Product categories such as building technology, energy, drive technology, financing, industrial automation out of which energy is market focused category.

For instance,

  • In March 2018, Siemens introduced VersiCharge which is a new charging unit for electric vehicles as per the IEC standards. The VersiCharge can be charged safely, quickly, and cost-effectively. The new product launch meets the higher protection class IP 56 for DC residual current location. The launch of the product is going to enhance the credibility and brand image which is going to attract more customers and maximize the profit for the company. 

The company has presence across the globe in Americas, Africa & Middle East, Asia/Oceania, Europe. In addition to it, the company also generates its revenue from the various subsidiary companies such as Siemens Healthineers (Germany), Siemens Gamesa Renewable Energy, S.A. (Spain), Siemens Mobility (Germany), Mentor, a Siemens Business (U.S.) among others.