Electrical Vehicle Charging Infrastructure Poised for Rapid Expansion in Asia-Pacific, Finds Frost & Sullivan
KUALA LUMPUR, Malaysia, April 23, 2013 /PRNewswire via COMTEX/ --
The increasing emphasis on reducing carbon dioxide emissions and ensuring that electrical vehicles (EVs) constitute 20 percent of the total vehicles on road by 2030 in several Asia-Pacific countries will lead to the expansion of the EV charging infrastructure market in the region. Tax exemptions and Government incentives on EVs and EV charging stations will further encourage the market's rapid growth.
New analysis from Frost & Sullivan (http://www.energy.frost.com), Asia-Pacific Electrical Vehicle Charging Infrastructure Market, finds that the market's installation base touched 45,486 units in 2012 and estimates this to reach 1,382,494 units by 2020. The research covers level 1, level 2, direct current (DC), and induction chargers.
"Subsidies, free parking facilities, and access to special lanes promote the sale of EVs, thereby requiring investments in enhancing EV charging infrastructure," said Frost & Sullivan Energy & Environmental Research Analyst Avanthika Satheesh.P. "The testing of EV chargers in smart grid pilot projects by Japan, South Korea and Singapore to allow off-peak, vehicle-to-home, and vehicle-to-grid charging will further boost market development."
While the availability of devices with different charging times offers end users flexibility, the long charging periods of level 1 and level 2 chargers dissuade potential customers. The rapid DC charger takes the least time, but its hardware and installation costs are high. The huge distance between charging stations, especially in large countries like Australia, also pose a challenge for customers trying to locate a station before their vehicles run out of power.
To counter these concerns, Governments have invested in EV test-bed programs and battery swapping stations in Asia-Pacific. These stations are designed to replace a car's battery with a fully charged one within the same time usually spent at a gas station. Australia has initiated level 2 and DC charging trial test beds to analyze the impact of different chargers on the power grid.
"Japan, South Korea and Taiwan are conducting research on faster charging systems at lower costs, and will commercialize the resultant products after 2015," noted Satheesh. "Induction-based wireless chargers are also under testing, and wind energy-powered chargers will gain acceptance in Australia by 2020."
Subscription-based services, which increase customer retention, cost recovery, and brand value, are likely to become popular in the region.
If you are interested in more information on this research, please send an email to Donna Jeremiah, Corporate Communications, at firstname.lastname@example.org, with your full name, company name, job title, telephone number, company email address, company website, city, state and country.
Asia-Pacific Electrical Vehicle Charging Infrastructure Market is part of the Power Supplies & Batteries Growth Partnership Service program. Frost & Sullivan's related research services include: European Electrical Vehicle Charging Infrastructure Market, Direct Current Power Systems Markets, and Asia-Pacific Data Center Cooling Solutions Market. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.
Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.
-- The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
-- The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.
For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies
Contact Us: Start the discussion
Join Us: Join our community
Subscribe: Newsletter on "the next big thing"
Register: Gain access to visionary innovation
Asia-Pacific Electrical Vehicle Charging Infrastructure MarketP6A0-27
Contact:Donna JeremiahCorporate Communications - Asia PacificP: +61 (02) 8247 8927F: +61 (02) 9252 8066E: email@example.com
Carrie LowCorporate Communications - Asia PacificP: +603 6204 5910F: +603 6201 7402E: firstname.lastname@example.org
Jessie LohCorporate Communications - Asia PacificP: +65 6890 0942F: +65 6890 0988E: email@example.com
SOURCE Frost & Sullivan
[ Back To TMCnet.com's Homepage ]