Electric Vehicle Charging Station Market in China 2016-2020
- Published: Jun 2016
- Pages: 82
- SKU: IRTNTR9374
The 2021-2025 version of this report is just being published. Buy it now and get up to $1000 worth of free customization!
The electric vehicle charging station market in China report provides an analysis of the market by mode of charging (regular charging, rapid charging, and range extension) and by end user (residential EV charging stations and public EV charging stations). The report also provides an analysis of the market’s competitive landscape and offers information on several companies including BYD, Hong Kong EV Power, Shanghai Xundao New Energy technology, SORO Electronics, and ABB.
Below are some of the key findings from our analysis of the electric vehicle charging station market in China
Want a bigger picture? Get a FREE sample of this report now!
See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from this report.
Electric vehicle charging station market overview in China
The electric vehicle charging station market research report predicts the market to grow tremendously at a CAGR of about 116% by 2020. The continuous introduction of various government policies and initiatives to promote the increased use of electric vehicles will be a major electric vehicle charging station market driver in the next four years. Various government incentives and tax rebates continue to aid in the growth of the electric vehicle market, which in turn will contribute to the growth of the electric car charging station market. Furthermore, owing to the increasing awareness of climatic change and the rise in government investments, the demand for electric vehicles will increase substantially over the next few years.
The V2G (vehicle to grid) system enables the flow of power between a grid and electric drive vehicles and also provides a network to help the owner communicate with the power grid. This system also enables demand response services, which helps to augment the efficiency of the system during heavy loads. The V2G technology enables the use of EVs as distributed storage devices and also aids in saving the cost of electrical systems by providing regulation services, peak load management, and demand response and spinning reserves. This will lead to the increased adoption of V2G, which will be one of the major trends gaining traction in the electric car charging station market in the next four years.
Segmentation by mode of charging and analysis of the electric vehicle charging station market in China
- Regular charging
- Rapid charging
- Range extension
According to this electric vehicle charging station market analysis report, the regular charging segment dominated the market in 2015 and accounted for about 80% of the total market share. Usually installed in home parking and workplace parking spaces, these electric car charging stations offer slow to medium charging. Though the rise in investments in fast charging technologies will result in this segment enduring a decline in market share, it will continue to dominate the market in the coming years.
Get more value with Technavio’s subscription platform! Gain easy access to all of Technavio’s reports, along with on-demand services. Start your 14-day FREE trial
Segmentation by end users and analysis of the electric vehicle charging station market in China
- Residential EV charging stations
- Public EV charging stations
The public electric vehicle (EV) charging station segment is estimated to account for about 72% of the total electric vehicle charging station market share by 2020 and is anticipated to dominate the market throughout the forecast period. Increasing investments in vehicle charging infrastructure by the central government, local authorities, and major automakers will fuel the growth of this segment.
Competitive landscape and key vendors
The market was previously controlled only by the SGCC (State Grid Corporation of China) and the CSPG (China Southern Power Grid). However, the recent shift in government policies has opened the market for a number of private vendors. Additionally, the government’s role in constructing new charging stations across the Chinese region will also lead to a number of new EV charging station manufacturers entering the market.
According to the electric vehicle charging station market forecast report, the leading vendors in the market are:
- Hong Kong EV Power
- Shanghai Xundao New Energy Technology
- SORO Electronics
The other prominent vendors in the market are SGCC, CSPG, Zhejiang Wanma, and UTEK New Energy Technology.
Key questions answered in the report include
- What will the market size and the growth rate be in 2020?
- What are the key factors driving the electric vehicle charging station market in China?
- What are the key market trends impacting the growth of the electric vehicle charging station market in China
- What are the challenges to market growth?
- Who are the key vendors in the electric vehicle charging station market in China?
- What are the market opportunities and threats faced by the vendors in the electric vehicle charging station market in China?
- Trending factors influencing the market shares of China.
- What are the key outcomes of the five forces analysis of the electric vehicle charging station market in China?
Want to dial in on a specific segment? We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
Get your FREE sample now!
Get the report (PDF) sent to your email within minutes.
Subscribe & Save
Get lifetime access to our
Did you know?
Did you know?
Did you know?
Want to customize this report?
This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.