[October 09, 2012] |
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More than 11 Million EV Charging Stations Will be Installed Worldwide by 2020, Forecasts Pike Research
BOULDER, Colo. --(Business Wire)--
The past year has seen a major uptick in deployments of electric vehicle
supply equipment (EVSE). This acceleration is a direct result of
developments in the market for plug-in electric vehicles (PEVs): More
than 135,000 PEVs will be sold globally in 2012, and growth is expected
to continue at a steady pace. According to a new report from Pike
Research, a part of Navigant's Energy Practice, the EVSE market will
expand steadily, as well. Unit sales of EVSE will rise from under
200,000 in 2012 to almost 2.4 million in 2020. By 2020, the study
concludes, 11.4 million EV charging stations will be in operation
worldwide.
"Public charging stations have been heavily dependent on government
funding," says senior research analyst Lisa Jerram. "The industry is now
trying to devise successful business models for deploying stations in
public locations-an effort that will become increasingly urgent as
government funding winds down."
A key factor in the split between residential and commercial EVSE sales,
Jerram adds, is the percentage of PEV owners who have access to home
charging. The report forecasts that the market for commercial charging
equipment will grow at a faster rate than that for residential charging
equipment. According to the report, 2013 will be a critical year since
the PEV market will be transitioning from early adopters in regions such
as North America, where consumers are more likely to have a secured
parking spot in which to install a charger, to a broader base of
consumers living in multi-family dwellings, leading to greater growth in
the sales of commercial EVSE than in residential units.
The report, "Electric
Vehicle Charging Equipment", examines the state of the global EVSE
market today, and provides forecasts through 2020. Including market
analysis and forecasts for residential, workplace, public, and private
EVSE, the report covers the development of fast charging over the past
year and forecasts direct-current charging sales. It also forecasts the
growth of wireless charging equipment, set to become commercially
available in the 2013-2015 timeframe. EVSE forecasts cover the major
regions of the world and include breakouts for key adopter countries
including the United States, Canada, Germany, France, the United
Kingdom, Japan, China, Korea, and Israel. The report also includes
profiles of more than 40 industry players, including EVSE manufacturers
and service providers, their suppliers, vehicle OEMs, and utilities. An
Executive Summary of the report is available for free download on the Pike
Research website.
About Pike Research (News - Alert)
Pike Research, which joined Navigant's global Energy Practice on July 1,
2012, provides in-depth analysis of global clean technology markets. The
team's research methodology combines supply-side industry analysis,
end-user primary research and demand assessment, and deep examination of
technology trends to provide a comprehensive view of the Smart Energy,
Smart Grid, Smart Transportation, Smart Industry, and Smart Buildings
sectors. Additional information about Pike Research can be found at www.navigant.com/pikeresearch.
About Navigant
Navigant (NYSE: NCI) is a specialized, global expert services firm
dedicated to assisting clients in creating and protecting value in the
face of critical business risks and opportunities. Through senior level
engagement with clients, Navigant professionals combine technical
expertise in Disputes and Investigations, Economics, Financial Advisory
and Management Consulting, with business pragmatism in the highly
regulated Construction, Energy, Financial Services and Healthcare
industries to support clients in addressing their most critical business
needs. More information about Navigant can be found at www.navigant.com.
* The information contained in this press release concerning the
report, "Electric Vehicle Charging Equipment," is a summary and
reflects Pike Research's current expectations based on market data and
trend analysis. Market predictions and expectations are inherently
uncertain and actual results may differ materially from those contained
in this press release or the report. Please refer to the full report for
a complete understanding of the assumptions underlying the report's
conclusions and the methodologies used to create the report. Neither
Pike Research nor Navigant undertakes any obligation to update any of
the information contained in this press release or the report.

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