ChargePoint Inc, Tesla and Blink Charging Co are Dominating the Market for Global Electric Vehicle Charging Stations Market in 2018

Global Electric Vehicle Charging Stations Market is expected to grow at a healthy CAGR of 48.3% in the forecast period of 2019 to 2026. The years considered for study are as mentioned below.

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The electric vehicle charging stations market is a highly concentrated market which includes key players and local players. The market has witnessed increased various strategic developments owing to favourable market scenario. The market has a prominent growth in upcoming years due to increasing demand for electric vehicles, incentives & subsidies by government for electric vehicles and increasing environmental concerns. The vehicle-to-grid (v2g) technology for EV charging stations and renewable sources of energy for electricity are also posing as an opportunity for the market.

The market has witness developments in terms of merger and acquisitions or product launches to enhance the product portfolio to meet the rising demand of innovative technology. In December 2018, ChargePoint Inc. announced the partnership with Greenlots for enabling the charging between the networks of North America. The partnership aims at enabling the charging between networks and give access to additional charging locations across North America without any additional cost. The partnership focuses on accelerating the adoption of electrified transportation.

Electric vehicle charging stations market is gaining momentum owing to increased demand of electric vehicles. The partnership will enable the electric vehicle drivers to use ChargePoint and Greenlots mobile applications for locating the charging stations thus benefitting the company in installing more charging stations with new price plans and creating opportunities for growth in the electric vehicle charging station market.

ChargePoint, Inc dominated the global electric vehicle charging stations market. The other key players existing in the market includes Tesla, Blink Charging Co., Efacec, Engie Group, ABB, Schneider Electric, Siemens AG, Liikennevirta Oy (Ltd.), SemaConnect, ClipperCreek, Allego B.V., Leviton Manufacturing Co., Inc., EVgo Services LLC, Alfen N.V., AeroVironment, Inc and others.

ChargePoint, Inc:

The company was founded in 2007, headquarters at California, United States. The company is engaged in designing and building technology for electric vehicle charging stations which includes hardware, energy management software and mobile applications. The charging stations installed by the company are utilized by various industries which includes apartments & condos, fleet, new construction, cities & towns, education, entertainment & stadiums, federal and state agencies, healthcare, hospitality, parking operators, retail, utilities and workplace.

  • In December 2018, ChargePoint Inc. announced the partnership with Equip Daimler for their expansion in Germany in order to provide charging solutions. This would help the company to increase the geographical presence and more customers.

The company has its presence in U.S., Canada, Germany, Netherlands, India, and Australia. The company has partnerships with car manufacturers such as BMW, Cadillac, Chevrolet, Daimler, Energica, Fiat, Hyundai, Nissan, Mercedes-Benz, smart USA, Toyota and Volkswagen and has associations with various government bodies which includes US Department of the Treasury, Department of Transportation (DC, NY, NC, fleet services), US General Services Administration (VA), Department of Public Works (DC, MA), Port Authority (MA), Transit Authority (MD) and others. The customer base of the company includes 3M, Adobe, Astra Zeneca, Computer Associates, Compuware, Dell, eBay, Facebook, GM, Google, Johnson & Johnson, LinkedIn, MasterCard, Microsoft, Netflix, SAP, Whirlpool.

Tesla:

The company was founded in 2003 at California, United States.  The company is engaged in designs, manufactures, and sells high-performance electric vehicles and electric vehicle powertrain components. The company has two operating divisions namely, automotive, energy generation and storage segment. The energy generation and storage segment includes the designing, manufacturing, installation, and sale or leasing of stationary energy storage products and solar energy systems, and sale of electricity generated by our solar energy systems. The automotive segment includes the design, development, manufacturing, and sales of electric vehicles.

  • In 2017, vehicle production capability continued to scale and gain operational efficiencies, and vehicle production volume increased by 20% year-over year.  Also, Tesla had delivered 101,420 Model S and Model X vehicles and 1,764 Model 3 vehicles in 2017, which is increasing the demand for the more deployment of the electric vehicle charging stations for the Tesla SuperChargers as they are the only suitable chargers for the Tesla electric vehicles.

The company has wide geographic presence in the U.S., China, Norway, and others. The company has various subsidiaries such as SolarCity, Tesla Factory, Tesla Grohmann Automation, Tesla Motors Netherlands B.V., Tesla Motors Switzerland GmbH and others.

Blink Charging Co.

The company was founded in 2009, headquarters at Florida, United States. The company is engaged in proving public electric charging equipment and networked EV charging services. The business segments of the company include charging service revenue for company owned charging station, product sales, and network fees, warranty revenue, grant and rebate revenue.

Grant and rebates relating to equipment and the related installation are deferred and amortized in a manner consistent with the depreciation expense of the related assets over their useful lives.

  • In May 2018, BlinkCharging Co., has announced that it has installed charging stations at three Whole Foods Markets and is also planning to open more number of stations for other stores.

The company has its strong presence in United States. The company has various subsidiaries such as Blink Network LLC, Car Charging, Inc, EV Pass LLC, Beam Charging LLC, 350Green LLC, CCG Energy LLC and others.