Global Electric Highway Infrastructure Market Size by Level of Automation, Technology, Component, and Application: Global Opportunity Analysis and Industry Forecast, 2019-2027, The Worldwide Market is expected to be valued at $12.05 Billion in 2019, and is projected to reach $xx.xx Billion by 2027, registering a CAGR of 23.97% from 2019 to 2027. The base year considered for the study is 2018, and the forecast has been provided for the period from 2020 to 2027. North America is projected to remain the top region for such vehicle sales while Asia-Pacific has the most potential for growth due to Increasing stringency in the emission standards, strict rules implemented by the government authorities, BS-VI in India and China VI and companies are showing keen interest in exploring how this new trend can supplement their existing business models that are major key points will be affected or to be boost electric highway infrastructure development market in the next 10 to 20 years. Worldwide electric car sales are estimated to have topped three million units in 2020. Tesla is currently the world's leading maker of electric vehicles. A consortium led by German car maket Volkswagen will develop and implement a project called eCharge that would see electric cars charge as they drive via the road.   

COVID-19 can affect the economy in three main ways; by directly affecting production and demand, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets.  

Worldwide Update – Key Points

1. While the electric vehicle (EV) industry has a long way to go to reach the same sales levels as the business for conventional automobiles, the new sales record would mean that the market share of electric vehicles increased from roughly 2.5 percent in 2019 to about 4.4 percent in 2020. This figure is projected to increase rapidly. It is expected that eight out of 10 automobiles sold worldwide will be powered by electricity by 2050.

2. Between 2019 and 2027, the size of the global electric vehicle market is expected to increase almost five-fold to reach an estimated global market size of some 803 billion U.S. dollars by 2027. This translates to a notable compound annual growth rate (CAGR) of more than 20 percent between 2019 and 2027. This research statistics reflect need of electric highway infrastructure development and need huge investment in this technology.

3. Tesla continues to dominate the U.S. electric vehicle market with an estimated 290,000 electric vehicles sold in the United States in 2020. However, competition is beginning to gain momentum, and manufacturers such as General Motors are continuing to add new electric vehicle models into their range of vehicles offered. It is indicates most of the top global automotive key players showed keen interest to investment in electric highway infrastructure and related project which is started by governments and related organization.

4. Throughout recent years, the electric vehicle industry across the Asia Pacific region has experienced huge developments. This is highlighted by the region having accounted for the largest share of battery electric vehicle sales worldwide. Additionally, Asia Pacific also recorded a higher growth than its western competitors with its electric vehicle sales.

Main players covered by the study on the global market are: ABB (Switzerland), ChargePoint, Inc. (U.S.), Tesla, Inc. (U.S.), Schneider Electric SE (France), Siemens AG (Germany), Efacec (Portugal), Delta Electronics, Inc. (Taiwan), Leviton Manufacturing Co., Inc. (U.S.), EVBox (The Netherland), Blink Charging (U.S.), Alfen (The Netherland), The New Motion B.V. (The Netherland), Star Charge (China), Eaton Corporation Inc (Ireland), SemaConnect (U.S.), Webasto (Germany), Robert Bosch GmbH (Germany), and ClipperCreek Inc. (U.S.). 

Turning point

Fortunately, we have reached a turning point with the arrival of ultra-fast charging systems. Technologies developed by companies like mine, ABB, make it possible to recharge an EV’s battery in a matter of minutes. More than 13,000 of our fast-charging stations have now been sold across more than 80 countries around the world, with more being added almost daily. Supported by digital network capabilities that enable billing and payments along with remote services, these charging stations are providing EV owners with new levels of confidence and convenience.

Major corporate EV infrastructure projects now have the potential to spark an e-mobility revolution. As of the end of 2019, charging network firm EVgo has rolled out fast-charging stations in 34 US states, while Electrify America’s network of open-access EV chargers has expanded to 42 states and 17 large metropolitan areas. Meanwhile, IONITY aims to build 400 charging sites along major European highways by the end of 2020. These extensive networks feature state-of-the-art technology, including ABB’s own Terra HP, which was the first full 350kW car charger to reach the market back in April 2018 and which has sold in its thousands since then. Capable of recharging EV batteries to 80% of capacity in about 12 minutes, it is compatible with a wide range of voltage requirements, giving greater flexibility to vehicle and battery makers as they devise ever more advanced EVs.

Growth Mapping

The key purpose of the report is to provide a growth map of the electric highway infrastructure market and hence assist the client's in the formulation of required strategies to meet the business goals. Thus, there are many qualitative and quantitative tools used for growth mapping of the market. These include PESTEL analysis for various regions involved in the market, SWOT analysis of the industry, PORTER'S five forces for determination of different attributes such as the power of the buyer and supplier engaged in the market, threat of substitution, intensity of competition and threat of the new entrants in the market.

Regional Analysis

The survey report includes a comprehensive investigation into the electric highway infrastructure Market, which is clearly arranged within the localities. The report provides an analysis for more than 20 countries of regional market players operating in the specific market, and results related to the target market. The report, which covers North America, South America, Europe, Asia Pacific (APAC), Africa and the Middle East, also contains a regional and country-level analysis of the market. The market is thoroughly analyzed in each region, allowing for the identification of regional market trends, impediments and opportunities for growth.

It is estimated that North America, the dominating country in electric highway infrastructure market will show considerable growth during the forecast period. The growth would be possible because of marketing analytics tools and because of existing players that are firmly established in the market since the beginning. In addition to that, government support for electric vehicles R&D, companies, third-party administrators, etc. are channelizing their efforts to make customer-centric products which will also contribute to the growth in this region. Rising demand, increased income, advanced technology and machinery, along with the programs for spreading the awareness of the need will likely cause the electric highway market to grow substantially.

Asia-Pacific is supposed to have greater demand in the forecast year because of the fast-growing population. This factor alone stands out as the reason why the region will be dominating the electric highway infrastructure market share in the given forecast period. Due to improvements in GDP per capita and infrastructure development has urbanized the region to greater extent turning rural areas into urban areas. The sudden surge in the demand has caused the cities to fall into unsustainable consumption models. The top key players in the electric highway infrastructure market are located in the region.

As large projects are ongoing in countries like China, India, Australia, and Indonesia in Asia Pacific, the region has potential to bypass any competition. This is also because of the great amount of reserves that the region has. Exploration activities in China are increasing which is why China may have great demand for tin catalysts and compounds. According to the National Bureau of Statistics, electric highway infrastructure market will increase the regional demand during the forecast period.

As the major players in the electric highway market focus on the expansion of the business throughout the globe, the regions like Middle East and Africa will experience steady growth. Latin America will experience considerable market growth because of the small-scale manufacturers attempting for a noteworthy share in the demand. On the contrary, Europe is said to show sluggish growth because of well stabilized industries, less demand, smart development and it’s already developed countries. In the coming years situation will be change due to technological advancement and fast economic growth will drive the market during the forecast period that is 2020-2027.

Competitive Landscape

A competitive landscape for the electric highway infrastructure market is given in the study. To differentiate business attributes, key players operating in the industry have been identified and profiled. Company overview, latest trends, financial standings, and SWOT are some of the characteristics of key players in the industry that have been profiled in this study. Main players covered by the study on the global market are: ABB (Switzerland), ChargePoint, Inc. (U.S.), Tesla, Inc. (U.S.), Schneider Electric SE (France), Siemens AG (Germany), Efacec (Portugal), Delta Electronics, Inc. (Taiwan), Leviton Manufacturing Co., Inc. (U.S.), EVBox (The Netherland), Blink Charging (U.S.), Alfen (The Netherland), The New Motion B.V. (The Netherland), Star Charge (China), Eaton Corporation Inc (Ireland), SemaConnect (U.S.), Webasto (Germany), Robert Bosch GmbH (Germany), and ClipperCreek Inc. (U.S.). 

Methodology:

The analysis of the report is carried on various primary and secondary data sources. The primary sources include conduction interviews with numerous industry analysts, suppliers, distributors, and other involved professionals. The secondary sources include a review of statistical data from press releases, government websites, annual reports of the companies, and other relevant documents.

During interviews, these primary and secondary sources provide exclusive information, which acts as a validation from global electric highway market leaders. Access to an extensive internal repository and external proprietary databases helps this study to address questions and details regarding the market. Also, the report uses the top-down approach to assess the figures for each segment and to counter-validate them with the bottom-up approach.

We have covered two proprietary models in the electric highway infrastructure report, the FPNV Positioning Matrix and the Competitive Strategic Window and. The FPNV Positioning Matrix analyses players’ competitive marketplace in terms of product satisfaction and business strategy they follow to sustain in the market. In terms of applications, markets, and geographies, the Competitive Strategic Window analyses the competitive landscape.

The Report Provides Insights on The Following Pointers:

1. Market Development: Provides extensive information about emerging markets and analyzes the markets for the global electric highway infrastructure market.

2. Market Penetration: Offers detailed information provided by the key players in the global electric highway infrastructure market.

3. Competitive Assessment & Intelligence: Offers an exhaustive assessment of strategies, products, market shares and manufacturing capabilities of the leading players in the global electric highway infrastructure market.

4. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and new product developments in the global electric highway infrastructure market.

5. Market Diversification: Offers detailed information about recent developments, emerging geographies, new products launch, and investments in the global electric highway infrastructure market.

The Report Answers Questions Such As:

1. What is the global electric highway infrastructure market's competitive position?

2. What is the size of the electric highway market globally?

3. What are the key factors driving the growth in the global electric highway infrastructure market during the forecast period?

4. What are the opportunities in the global electric highway market?

5. Which are the main product fields to be invested in over the projected period in the global electric highway infrastructure market?