The Global Heavy Electric Vehicles and Industrial Equipment Charging Market report presents comprehensive information covering insightful data for businesses and investors for the time period of 2021-2028. The report studies the historical data of the Heavy Electric Vehicles and Industrial Equipment Charging market and offers valuable information about the key segments and sub-segments, revenue generation, demand and supply scenario, trends, and other vital aspects. The report offers an accurate forecast estimation of the Heavy Electric Vehicles and Industrial Equipment Charging industry based on the recent technological and research advancements. It also offers valuable data to assist the investors in formulating strategic business investment plans and capitalize on the emerging growth prospects in the Heavy Electric Vehicles and Industrial Equipment Charging market.
Rising emphasis on cost-efficient productivity and efficiency is driving demand for Industry 4.0, which in turn is propelling heavy EVs and industrial equipment charging market revenue growth. With the advent of Industry 4.0, several industries are experiencing enhanced efficiency, increased output, personalized offerings, lower-cost benefits, and novel business model development. All this is achieved through use of automated equipment, which helps in streamlining processes and providing opportunities for new ideas to implement. Most automated equipment, particularly mobile equipment, require batteries to function, and this is driving demand for industrial equipment charging solutions.
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The report also discusses the key players involved in the market such as
Delta Energy Systems
ElectReon
WAVE Inc.
BP Chargemaster
WiTricity Corporation
Momentum Dynamics
Greenlots
Robert Bosch GmbH
Siemens AG
and ABB Ltd.
Some Key Highlights from the Report
- In August 2021, Concentric, which is a firm engaged in DC power management solutions for critical power and material handling industries, made an announcement about the purchase of STANGCO Industrial Equipment Inc. for providing charging requirement solutions for various industries.
- Among the technology segments, inductive charging segment revenue is expected to expand at a significantly rapid rate over forecast period. Inductive or wireless charging technology is garnering substantial traction in EV charging as it allows EVs to be charged wirelessly when in close proximity of charging coils. Likely use cases of this technology are placing inductive charging coils in strategic public sites, such as parking spots or roads, to enable charging of vehicles while moving. This technology is expected to reduce need for charging stations and hence save considerable costs on charging infrastructure.
- Among the application segments, dynamic power transfer segment revenue is expected to register a rapid growth rate over forecast period. Dynamic power transfer system provides an uninterrupted power supply for EVs, thereby offering extended driving range for heavy vehicles with reduced battery capacity. Charging EVs on the move allows for substantial reduction in the storage capacity of batteries. Dynamic power transfer systems can be deployed with small segmented coils laid on roads to charge EVs.
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Emergen Research has segmented the global heavy EVs and industrial equipment charging market on the basis of application, technology, end-use, and region:
- Application Outlook (Revenue, USD Million; 2018–2028)
- Static Power Transfer
- Dynamic Power Transfer
- Technology Outlook (Revenue, USD Million; 2018–2028)
- Inductive Charging
- Resonant Inductive Charging
- End-Use Outlook (Revenue, USD Million; 2018–2028)
- Electric Bus
- Automated Guided Vehicles
- Heavy Duty Truck
- Semi-Trailer Truck
- Electric Towing Vehicle
- Terminal Tractor
- Scissor Lifts
- Electric Forklifts
- Others
Regional Outlook: (Revenue, USD Billion; 2018-2028)
North America (U.S.) (Canada) (Mexico)
Europe (Germany) (UK) (France) (BENELUX) (Rest of Europe)
Asia Pacific (China) (Japan) (South Korea) (Rest of APAC)
Latin America (Brazil) (Rest of LATAM)
The study explores in details about the recent trend fast gaining momentum in the Heavy Electric Vehicles and Industrial Equipment Charging industry due to factors including but not limited to growing customer preference and a sudden rise in their spending capacity. Aspects attributed to the gross margin, profit, supply chain management and product value and their considerable impact on the development of the Heavy Electric Vehicles and Industrial Equipment Charging market during the forecast period, 2020 – 2027 is carefully scrutinized during the research.
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