Future Opportunities in EV Charging, Forecast to 2030

Future Opportunities in EV Charging, Forecast to 2030

Utilities, Oil & Gas Majors, and Technology Solution Providers All Vying for a Role in the Lucrative EV Charging Sector

RELEASE DATE
04-Nov-2019
REGION
Global
Research Code: MDF9-01-00-00-00
SKU: EG02031-GL-MR_23727

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Description

As EVs continue to disrupt the power-mobility ecosystem, the role played by charging solutions in the 2020s will be crucial in how effectively the ecosystem develops. This will more so as utilities, technology solution providers, and major oil and gas firms look to target an area which effectively bridges power and mobility. Although a nascent industry, various innovative charging solutions are disrupting the industry as it looks to firmly establish itself on a mass market scale.

This Frost & Sullivan research provides insights on seven charging models which carry high lab-to-market adoption rate potential in the 2020s. These are: Battery Swapping, Vehicle to Home, Demand Response with EV Charging, Smart Charging, Fast Charging, Wireless Charging, and Vehicle to Grid Technologies.

To ensure the transition to EVs is successful, the key bottleneck of charging infrastructure availability must be alleviated in addition to range anxiety, although, the situation of the latter has improved drastically in recent times. Amongst the models analyzed, fast charging and inductive (wireless) charging carries a high factor of disruption compared to other models. Fast charging rapidly reduces the time spent charging EVs down to five minutes for a full charge, which places it on par with fuel cell vehicles, when it comes to the ability to fill a tank. Inductive charging is found to have the second highest potential, particularly for stationary applications, as it works well in stationary charging applications as opposed to dynamic charging. A common drawback which stands to be corrected is the drafting of common standards and regulations for charging. Although related associations such as SAE, ISO, and IEC are working toward the development of charging standards, there continues to be a lack in commonality of standards. To ensure charging solutions succeed on a mass scale, addressing customer requirements goes a long way. Frost & Sullivan finds that the following three key criteria are pivotal from the perspective of an EV end user, ease of use and operation, speed of charging, pricing and commonality of standards.

Key Issues Addressed

  • What are the key charging models currently either in the market or in development? 
  • How will these models work from a technical and a commercial viewpoint? 
  • Which organizations are the key stakeholders driving investment in these models? 
  • What are the key growth opportunities?

 

Table of Contents

Key Findings

Summary of Potential EV Charging Models

What Do Different Stakeholders Look for in the EV Charging Landscape?

Research Scope

Key Questions this Study will Answer

Battery Swapping

Battery Swapping (continued)

Battery Swapping (continued)

Vehicle 2 Home

Vehicle 2 Home (continued)

Vehicle 2 Home (continued)

Aggregating Demand Response

Aggregating Demand Response with EV Charging

Smart or Intelligent EV Charging Solution

Smart or Intelligent EV Charging Solution (continued)

Smart or Intelligent EV Charging Solution (continued)

Smart or Intelligent EV Charging Solution (continued)

Fast Charging

Fast Charging (continued)

Inductive (or) Wireless Charging

Inductive (or) Wireless Charging (continued)

Inductive (or) Wireless Charging (continued)

Inductive (or) Wireless Charging (continued)

Wireless (or) Inductive Charging Supplier—ElectRoad

Vehicle 2 Grid Charging

Vehicle 2 Grid Charging (continued)

Vehicle 2 Grid Charging (continued)

Vehicle 2 Grid Charging (continued)

Vehicle 2 Grid Charging (continued)

Growth Opportunity 1—Embracing New Business Models

Growth Opportunity 2—Partnerships/Collaborations

Growth Opportunity 3—Digitization

Strategic Imperatives for Success and Growth

The Last Word

Legal Disclaimer

List of Exhibits

List of Exhibits (continued)

The Frost & Sullivan Story

Value Proposition: Future of Your Company & Career

Global Perspective

Industry Convergence

360º Research Perspective

Implementation Excellence

Our Blue Ocean Strategy

Related Research
As EVs continue to disrupt the power-mobility ecosystem, the role played by charging solutions in the 2020s will be crucial in how effectively the ecosystem develops. This will more so as utilities, technology solution providers, and major oil and gas firms look to target an area which effectively bridges power and mobility. Although a nascent industry, various innovative charging solutions are disrupting the industry as it looks to firmly establish itself on a mass market scale. This Frost & Sullivan research provides insights on seven charging models which carry high lab-to-market adoption rate potential in the 2020s. These are: Battery Swapping, Vehicle to Home, Demand Response with EV Charging, Smart Charging, Fast Charging, Wireless Charging, and Vehicle to Grid Technologies. To ensure the transition to EVs is successful, the key bottleneck of charging infrastructure availability must be alleviated in addition to range anxiety, although, the situation of the latter has improved drastically in recent times. Amongst the models analyzed, fast charging and inductive (wireless) charging carries a high factor of disruption compared to other models. Fast charging rapidly reduces the time spent charging EVs down to five minutes for a full charge, which places it on par with fuel cell vehicles, when it comes to the ability to fill a tank. Inductive charging is found to have the second highest potential, particularly for stationary applications, as it works well in stationary charging applications as opposed to dynamic charging. A common drawback which stands to be corrected is the drafting of common standards and regulations for charging. Although related associations such as SAE, ISO, and IEC are working toward the development of charging standards, there continues to be a lack in commonality of standards. To ensure charging solutions succeed on a mass scale, addressing customer requirements goes a long way. Frost & Sullivan finds that the following three key criteria are pivotal from the perspective of an EV end user, ease of use and operation, speed of charging, pricing and commonality of standards.--BEGIN PROMO--

Key Issues Addressed

  • What are the key charging models currently either in the market or in development? 
  • How will these models work from a technical and a commercial viewpoint? 
  • Which organizations are the key stakeholders driving investment in these models? 
  • What are the key growth opportunities?

 

More Information
No Index No
Podcast No
Author Utham Ganesh
Industries Energy
WIP Number MDF9-01-00-00-00
Is Prebook No
GPS Codes 9B00-A4,9851,9852