ABB, Engie EV Solutions and Tesla are Dominating the Global Electric Vehicle Charging Stations Market in 2019

Global Electric Vehicle Charging Stations Market is expected to grow with the CAGR of 48.3% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.

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Global electric vehicle charging stations market is a highly consolidated market, which includes specific 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 global electric vehicle charging stations market are setting up the partnership introducing charging station for different vehicle type with various technology and charger type. This has helped companies to maximize the sales with enhanced product portfolio. For instance, in November 2019, ABB entered into a partnership with Elatec to deliver mobile-enabled electric vehicle charging. This partnership makes charging at out-of-home ABB EV charging stations simple. This partnership enabled ABB EV chargers to accept authorization from a digital card stored in the users. This has helped the company to grow in the market.

ABB Company is the dominating player in global electric vehicle charging stations market. The other key players existing in the market are ChargePoint, Inc, bp Chargemaster, Webasto Thermo & Comfort, Shell International B.V., Schneider Electric, Blink Charging Co., Groupe Renault, Phihong USA Corp., EV Safe Charge Inc., Eaton., Tata Power., Tesla, SemaConnect, Inc., Daimler AG., Siemens, EVgo Services LLC., ENGIE EV Solutions (A Subsidiary of ENGIE), Total and ClipperCreek, Inc., among others.

Electric Vehicle Charging Stations Market

ABB

ABB is headquartered in Zurich, Switzerland and was founded in 1988. The company is engaged in providing solution based out on technology to the power grid, automation, electrification sector and others. The company offers broad portfolio of innovative products and services in 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 and among which electric vehicle charging infrastructure is market focused segment

  • 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 its customer base.

The company has a wide global presence across Asia Pacific, Europe, Middle East and Africa, Latin America and North America. Company also generates revenue from the 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.

ENGIE EV Solutions (A Subsidiary of ENGIE)

ENGIE EV Solutions is headquartered in Newcastle upon Tyne, U.K. which was founded in 2010. The company focuses on integrated electric vehicle charging solutions by bringing hardware and software systems for EV charging in privates as well as public sector. The company offer wide services such as EV services, EV consultancy, EV charger options, installation, network management, project planning, GeniePoint software platform among which EV charger options is focused category.

  • In September 2020, ENGIE EV Solutions installed the tallest building smart electric vehicle charging stations at Bristol. The company has installed 12 Alfen smart charging sockets which provide 100% green energy in electric vehicle drivers offered private car parking facility that is operated through GeniePoint. The company is going to enhance its brand image with the expansion of this station and generate more income to it.

Tesla

Tesla is headquartered in California, U.S. was founded in the year 2003. The company provides electric vehicles along with the charging stations facilities to deliver scalable clean energy generation and storage products for zero-emission future. The company offers various product categories such as charging, vehicle accessories, parts among which charging is focused category.

  • 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 presence in North America, Europe, Middle-East and Asia-Pacific. In addition to it, the company also generates its revenue from the various subsidiary companies such as SolarCity (U.S.), Maxwell Technologies, Inc. (U.S.), Maxwell Technologies Shenzhen Trading Co., Ltd (China), Tesla Grohmann Automation GmbH (Germany) and Allegheny Solar 1, LLC (U.S.), among others.