Heavy EVs and Industrial Equipment Charging Market Size, Revenue Share, Major Players, Growth Analysis, and Forecast, 20

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The global heavy EVs and industrial equipment charging market size is expected to reach USD 10.95 Billion at a revenue CAGR of 12.9% in 2028, according to latest analysis by Emergen Research.

The investigative study on the Global Heavy EVs and Industrial Equipment Charging market recently added by Emergen and Research sheds light on the current market scope as well as the emerging trends and opportunities of the market. To provide a deeper understanding of the global market, the report offers a statistical analysis of the global and local production and consumption ratio. The report also offers a comprehensive analysis of the competitive landscape with company profiles and product portfolios.

COVID-19 pandemic and its impact on the Heavy EVs and Industrial Equipment Charging market market and key segments is considered as a key contributor while formulating the market report. The report covers the present and future impact of the pandemic and offers a revenue estimation and a futuristic outlook of the market growth in a post-COVID-19 scenario. The report presents an extensive analysis of the emerging trends of the market and dynamic changes in the demand and supply chains.

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Key players profiled in the report include:

Delta Energy Systems, ElectReon, WAVE Inc., BP Chargemaster, WiTricity Corporation, Momentum Dynamics, Greenlots, Robert Bosch GmbH, Siemens AG, and ABB Ltd.

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

The Heavy EVs and Industrial Equipment Charging market industry has witnessed a steady growth over the past decade and is expected to grow a high CAGR of 12.9% throughout the forecast period of 2020-2027. Factors like the growing population, raw materials, financial stability, revenue generation, and increasing demands are contributing to the growth of the industry. The industry is expected to garner a revenue of USD 10.95 million in 2027.

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Key Features of the Global Heavy EVs and Industrial Equipment Charging market Market:

The report offers a deep insight into the market with expert data insights from the industry experts and analysts

Dedicated focus on market growth and restraining factors

Thorough analysis of the market segments includes product types, application spectrum, technology, end-user, and other key segments

SWOT and Porter’s Five Forces analysis along with feasibility analysis and venture return analysis

Current and emerging market trends and growth prospects

A detailed market forecast spanning 8 years from 2020 to 2027

The report is formulated with extensive primary and secondary research with crucial data and insights verified and validated by the industry experts and professionals. The report further provides coverage of strategic initiatives such as mergers, acquisitions, joint ventures, collaborations, and partnerships, among others undertaken by the top players of the industry.

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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Regional Outlook

The report also covers a comprehensive regional analysis to offer a panoramic view of the global Hyperscale Computing market. The regional analysis includes North America, Latin America, Europe, Asia Pacific, and Middle East Africa. The regional analysis covers production and consumption ratio, import/export analysis, supply and demand ratio, market size, market share, and revenue contribution of each region. The report also analyses the market share and market share of each key segment and sub-segment in each region and offers a detailed analysis of the key competitors operating in the region.

In conclusion, the report provides a qualitative and quantitative analysis of the Global Heavy EVs and Industrial Equipment Charging market market, including the global and regional analysis of the market. The study covers critical information and factual data about the Heavy EVs and Industrial Equipment Charging market industry, along with an in-depth statistical analysis of the market drivers, limitations, growth prospects, opportunities, and threats. On the basis of the current market scope, the report provides an extensive analysis of how the Heavy EVs and Industrial Equipment Charging market market is expected to fare in the forecast timeline. The report utilizes advanced analytical tools to offer an estimation of the outlook of the global state of the Heavy EVs and Industrial Equipment Charging market industry.

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Thank you for reading our report. The report can be customized based on the regions and countries. Kindly connect with us and our team will ensure the report is best suited to your needs.

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