Future of CV Depot Charging Industry

According to a research report "Future of CV Depot Charging Market by Vehicle Type (eLCV, eMCV, eHCV and eBuses), Charger Type (AC and DC), and Region (Asia Pacific, North America, Europe) - Global Forecast to 2030" published by MarketsandMarkets, the CV depot charging market size for chargers of new vehicles was USD 4.7 billion in 2023 and is projected to reach USD 30.7 billion in 2030, witnessing a CAGR of 28.2% from 2024 to 2030. The report also includes the analysis of number of chargers for new vehicles in depot setting, number of chargers for ECV parc in depot setting, cost of chargers (including installation cost) for new vehicles in depot setting, energy demands and cost of energy.

Browse 90 market data Tables and 90 Figures spread through 90 Pages and in-depth TOC on "Future of CV Depot Charging Market by Vehicle Type (eLCV, eMCV, eHCV and eBuses), Charger Type (AC and DC), and Region (Asia Pacific, North America, Europe) - Global Forecast to 2030"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/cv-depot-charging-market-251320576.html

The growth of the CV depot charging market is influenced by various factors such as adoption of electric commercial vehicles, development and manufacturing of of fast and ultra-fast charging points, monetization of depot charging business models and trends related to used cars.

Countries such as China, US, Germany and India have increased their investments in the development of CV depot charging industry due to the growing urban population and economy in these countries. Due to such investment demand for CV depot charging market will be more during the forecast period.

“eLCV segment is estimated to account for the largest market during the forecast period”

The eLCV segment share contributes over 75% of the share in the ECV under depot setting market. The eMCV and eHCV will have a significant growth and increase its share in the vehicle type segment. However, eBuses share will decline as compared to that held in 2023. Further, the combined market of eMCV and eHCV will grow by 6% from 2023 to 2030. This growth is expected owing to rise adoption depot charging infrastructure as well as its affordability over tradition ICE commercial vehicles.

“Asia Pacific is expected to be the largest market in 2024.”

Asia Pacific region hold the major share in the new ECV sales, contributing over 50% in the market. The major factor for this is the intensive manufacturing and export of vehicles in China. The Chinese market is the worlds largest market in terms of vehicle sales as well as production. Moreover, the Chinese market has significantly grown post COVID halt. The recovery effect of the economy in China has led to intensifying of the manufacturing sector. One of the key trends/strategies followed by the Chinese EV makers is expansion to the European market for EV sales expansion. Moreover, countries such as India, Singapore and South Korea significantly contribute to the growth of the ECV sector in the Asian region. In addition, the depot charging trends is rapidly developing in the Indian market with adoption of different types of business models.

Key Players

The top performing key players in 2023 were ABB (Switzerland), Blink (US), Bosch (Germany), bp pulse (UK), ChargePoint (US), EVgo (US), Heliox (Netherlands), Kempower (Finland), Shell Recharge (US), Siemens (Germany), Wallbox (Spain) and and so on. These EV charging solution providing companies are focused on EV charging technology development and investing into the charging ecosystem to ensure a sustainable supply chain. These companies adopted new product launches, acquisitions, partnerships, collaborations, and other key strategies to gain traction in the CV depot charging market.

Don’t miss out on business opportunities in Future of CV Depot Charging Industry. Speak to our analyst and gain crucial market insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ’GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]