PUBLISHER: BIS Research | PRODUCT CODE: 1575554
PUBLISHER: BIS Research | PRODUCT CODE: 1575554
Asia-Pacific Electric Vehicle (EV) Fast-Charging System Market: Focus on Application, Connector Type, Power Output, Installation Type, and Country - Analysis and Forecast, 2023-2033
Introduction to Asia-Pacific Electric Vehicle (EV) Fast-Charging System Market
The Asia-Pacific EV fast-charging system market was valued at $7.13 billion in 2023 and is expected to reach $24.81 billion by 2033, with a CAGR of 13.28% from 2023 to 2033. The advent of EV fast-charging systems is a major advancement in electric mobility and is expected to revolutionize the charging infrastructure throughout the Asia-Pacific (APAC) region. These methods tackle range anxiety and lengthy charging times, two major obstacles to the broad adoption of EVs. Fast-charging stations make electric vehicles more feasible and enticing for long-distance and daily travels because they can recharge a significant amount of an EV's battery in significantly less time than traditional chargers. These systems speed up the shift to environmentally friendly transportation while improving EV convenience by cutting down on charging times, frequently providing an 80% charge in as little as 20 to 40 minutes. Fast-charging infrastructure installation is essential for increasing consumer trust in EV technology, accelerating the transition away from fossil fuel-powered automobiles, and drastically lowering carbon emissions in the APAC transportation sector.
Market Introduction
| KEY MARKET STATISTICS | |
|---|---|
| Forecast Period | 2023 - 2033 |
| 2023 Evaluation | $7.13 Billion |
| 2033 Forecast | $24.81 Billion |
| CAGR | 13.28% |
The market for EV fast-charging systems in Asia-Pacific (APAC) is expanding quickly due to government efforts to lower carbon emissions and the growing popularity of EVs. Long charging periods and range anxiety are two significant obstacles to EV adoption that fast-charging systems help to overcome. These systems make electric vehicles more feasible for long-distance and daily travels by charging a significant amount of an EV's battery in a fraction of the time needed by conventional chargers. Fast-charging stations can often provide an 80% charge in 20 to 40 minutes, making EVs more usable in both urban and rural environments.
China, Japan, South Korea, and India are among the APAC nations making significant investments in the development of fast-charging infrastructure. Government regulations and financial incentives are promoting the growth of environmentally friendly transportation systems and motivating companies and customers to switch to electric vehicles. In order to promote eco-friendly behaviors, accelerate the region's shift away from fossil fuel-based transportation, and aid in the expansion of electric mobility throughout the APAC region, it is imperative that broad fast-charging networks be established. In the upcoming years, this market is anticipated to increase significantly as a result of growing EV usage and environmental sustainability objectives.
Market Segmentation
Segmentation 1: by Application
- Public
- Private
Segmentation 2: by Connector Type
- CHAdeMO
- Combined Charging System (CCS)
- Supercharger
- GB/T
Segmentation 3: by Power Output
- Less than 100kW
- 100-200kW
- Above 200kW
Segmentation 4: by Installation Type
- Fixed
- Portable
Segmentation 5: by Country
- Japan
- China
- South Korea
- Rest-of-Asia-Pacific
How can this report add value to an organization?
Product/Innovation Strategy: The product segment helps the reader understand the different types of products available for deployment and their potential in APAC region. Moreover, the study provides the reader with a detailed understanding of the electric vehicle (EV) fast-charging system market by application on the basis of application (public and private) and product on the basis of connector type (CHAdeMO, combined charging system (CCS), supercharger, and GB/T), power output (less than 100kW, 100-200kW, and above 200kW), and installation type (portable and fixed).
Growth/Marketing Strategy: The Asia-Pacific electric vehicle (EV) fast-charging system market has seen major development by key players operating in the market, such as business expansion, partnership, collaboration, and joint venture. The favored strategy for the companies has been partnerships and contracts to strengthen their position in the electric vehicle (EV) fast-charging system market
Competitive Strategy: Key players in the Asia-Pacific electric vehicle (EV) fast-charging system market analyzed and profiled in the study involve major electric vehicle (EV) fast-charging system offering companies providing electric vehicle (EV) fast-charging systems for the purpose. Moreover, a detailed competitive benchmarking of the players operating in the electric vehicle (EV) fast-charging system market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.
Table of Contents
Executive Summary
Scope and Definition
1 Markets
- 1.1 Market Trends: Current and Future
- 1.1.1 Trends: Overview
- 1.1.2 Growing Demand for Last-Mile Delivery
- 1.1.3 Smart Charging Development
- 1.2 Supply Chain Overview
- 1.2.1 Value Chain Analysis
- 1.2.2 Pricing Forecast
- 1.3 R&D Review
- 1.3.1 Patent Filing Trend (by Country, Number of Patents)
- 1.4 Regulatory and Standards Landscape
- 1.5 Impact Analysis for Key Global Events- COVID-19 and Russia/Ukraine or Middle East Crisis on Electric Vehicle (EV) Fast-Charging System Market
- 1.6 Market Dynamics Overview
- 1.6.1 Market Drivers
- 1.6.1.1 Growth in Adoption of EV Vehicles
- 1.6.1.2 Ban on Production of Interna Combustion Engine (ICE) Vehicles
- 1.6.1.3 Technological Advancements in Charging Methods
- 1.6.1.4 Government Policies and Initiatives
- 1.6.2 Market Restraints
- 1.6.2.1 High Associated Costs for Charging
- 1.6.2.2 Power Grid Instabilities
- 1.6.2.3 High Infrastructure Cost
- 1.6.3 Market Opportunities
- 1.6.3.1 Commercial Space Utilization
- 1.6.3.2 Software Platforms for Charging Network Management
- 1.6.1 Market Drivers
2 Regions
- 2.1 Regional Summary
- 2.2 Drivers and Restraints
- 2.3 Asia-Pacific
- 2.3.1 Regional Overview
- 2.3.2 Driving Factors for Market Growth
- 2.3.3 Factors Challenging the Market
- 2.3.4 Application
- 2.3.5 Product
- 2.3.6 Asia-Pacific (by Country)
- 2.3.6.1 China
- 2.3.6.2 Japan
- 2.3.6.3 South Korea
- 2.3.6.4 Rest-of-Asia-Pacific
3 Markets - Competitive Benchmarking & Company Profiles
- 3.1 Next Frontiers
- 3.2 Geographic Assessment
- 3.3 Company Profiles
- 3.3.1 Delta Electronics, Inc.
- 3.3.1.1 Overview
- 3.3.1.2 Top Products/Product Portfolio
- 3.3.1.3 Top Competitors
- 3.3.1.4 Target Customers
- 3.3.1.5 Key Personnel
- 3.3.1.6 Analyst View
- 3.3.1.7 Market Share, 2022
- 3.3.1 Delta Electronics, Inc.
- 3.4 List of Other Key Manufacturers
4 Research Methodology
- 4.1 Data Sources
- 4.1.1 Primary Data Sources
- 4.1.2 Secondary Data Sources
- 4.1.3 Data Triangulation
- 4.2 Market Estimation and Forecast
List of Figures
- Figure 1: Asia-Pacific Electric Vehicle (EV) Fast-Charging System Market, $Billion, 2022, 2026, and 2033
- Figure 2: Electric Vehicle (EV) Fast-Charging System Market (by Region), $Million, 2022, 2026, and 2033
- Figure 3: Electric Vehicle (EV) Fast-Charging System Market, Pricing Analysis (by Region), $Thousand/Unit, 2022, 2026, and 2033
- Figure 4: Asia-Pacific Electric Vehicle (EV) Fast-Charging System Market (by Application), $Million, 2022, 2026, and 2033
- Figure 5: Asia-Pacific Electric Vehicle (EV) Fast-Charging System Market (by Connector Type), $Million, 2022, 2026, and 2033
- Figure 6: Asia-Pacific Electric Vehicle (EV) Fast-Charging System Market (by Power Output), $Million, 2022, 2026, and 2033
- Figure 7: Asia-Pacific Electric Vehicle (EV) Fast-Charging System Market (by Installation Type), $Million, 2022, 2026, and 2033
- Figure 8: Key Events
- Figure 9: Electric Vehicle (EV) Fast-Charging System (Country), January 2020-December 2023
- Figure 10: Electric Vehicle (EV) Fast-Charging System (Number of Patents), January 2020-December 2023
- Figure 11: Impact Analysis of Market Navigating Factors, 2022-2033
- Figure 12: China Electric Vehicle (EV) Fast-Charging System Market, $Million, 2022-2033
- Figure 13: DC Fast Charger Connector Stocks in China, Units, 2019-2022
- Figure 14: Top 15 EV Charging Pile Operators in China, Units, 2022
- Figure 15: Japan Electric Vehicle (EV) Fast-Charging System Market, $Million, 2022-2033
- Figure 16: South Korea Electric Vehicle (EV) Fast-Charging System Market, $Million, 2022-2033
- Figure 17: Rest-of-Asia-Pacific Electric Vehicle (EV) Fast-Charging System Market, $Million, 2022-2033
- Figure 18: Strategic Initiatives, 2020- January 2024
- Figure 19: Share of Strategic Initiatives, 2020- January 2024
- Figure 20: List of Other Key Manufacturers
- Figure 21: Data Triangulation
- Figure 22: Top-Down and Bottom-Up Approach
- Figure 23: Assumptions and Limitations
List of Tables
- Table 1: Market Snapshot
- Table 2: Opportunities across Regions
- Table 3: Competitive Landscape Snapshot
- Table 4: Electric Vehicle (EV) Fast-Charging System Market (by Region), $Million, 2022-2033
- Table 5: Electric Vehicle (EV) Fast-Charging System Market (by Region), $/Unit, 2022-2033
- Table 6: Asia-Pacific Electric Vehicle (EV) Fast-Charging System Market (by Application), $Million, 2022-2033
- Table 7: Asia-Pacific Electric Vehicle (EV) Fast-Charging System Market (by Application), Units, 2022-2033
- Table 8: Asia-Pacific Electric Vehicle (EV) Fast-Charging System Market (by Connector Type), $Million, 2022-2033
- Table 9: Asia-Pacific Electric Vehicle (EV) Fast-Charging System Market (by Connector Type), Units, 2022-2033
- Table 10: Asia-Pacific Electric Vehicle (EV) Fast-Charging System Market (by Power Output), $Million, 2022-2033
- Table 11: Asia-Pacific Electric Vehicle (EV) Fast-Charging System Market (by Power Output), Units, 2022-2033
- Table 12: Asia-Pacific Electric Vehicle (EV) Fast-Charging System Market (by Installation Type), $Million, 2022-2033
- Table 13: Asia-Pacific Electric Vehicle (EV) Fast-Charging System Market (by Installation Type), Units, 2022-2033
- Table 14: China Electric Vehicle (EV) Fast-Charging System Market (by Application), $Million, 2022-2033
- Table 15: China Electric Vehicle (EV) Fast-Charging System Market (by Application), Units, 2022-2033
- Table 16: China Electric Vehicle (EV) Fast-Charging System Market (by Connector Type), $Million, 2022-2033
- Table 17: China Electric Vehicle (EV) Fast-Charging System Market (by Connector Type), Units, 2022-2033
- Table 18: China Electric Vehicle (EV) Fast-Charging System Market (by Power Output), $Million, 2022-2033
- Table 19: China Electric Vehicle (EV) Fast-Charging System Market (by Power Output), Units, 2022-2033
- Table 20: China Electric Vehicle (EV) Fast-Charging System Market (by Installation Type), $Million, 2022-2033
- Table 21: China Electric Vehicle (EV) Fast-Charging System Market (by Installation Type), Units, 2022-2033
- Table 22: Japan Electric Vehicle (EV) Fast-Charging System Market (by Application), $Million, 2022-2033
- Table 23: Japan Electric Vehicle (EV) Fast-Charging System Market (by Application), Units, 2022-2033
- Table 24: Japan Electric Vehicle (EV) Fast-Charging System Market (by Connector Type), $Million, 2022-2033
- Table 25: Japan Electric Vehicle (EV) Fast-Charging System Market (by Connector Type), Units, 2022-2033
- Table 26: Japan Electric Vehicle (EV) Fast-Charging System Market (by Power Output), $Million, 2022-2033
- Table 27: Japan Electric Vehicle (EV) Fast-Charging System Market (by Power Output), Units, 2022-2033
- Table 28: Japan Electric Vehicle (EV) Fast-Charging System Market (by Installation Type), $Million, 2022-2033
- Table 29: Japan Electric Vehicle (EV) Fast-Charging System Market (by Installation Type), Units, 2022-2033
- Table 30: South Korea Electric Vehicle (EV) Fast-Charging System Market (by Application), $Million, 2022-2033
- Table 31: South Korea Electric Vehicle (EV) Fast-Charging System Market (by Application), Units, 2022-2033
- Table 32: South Korea Electric Vehicle (EV) Fast-Charging System Market (by Connector Type), $Million, 2022-2033
- Table 33: South Korea Electric Vehicle (EV) Fast-Charging System Market (by Connector Type), Units, 2022-2033
- Table 34: South Korea Electric Vehicle (EV) Fast-Charging System Market (by Power Output), $Million, 2022-2033
- Table 35: South Korea Electric Vehicle (EV) Fast-Charging System Market (by Power Output), Units, 2022-2033
- Table 36: South Korea Electric Vehicle (EV) Fast-Charging System Market (by Installation Type), $Million, 2022-2033
- Table 37: South Korea Electric Vehicle (EV) Fast-Charging System Market (by Installation Type), Units, 2022-2033
- Table 38: Rest-of-Asia-Pacific Electric Vehicle (EV) Fast-Charging System Market (by Application), $Million, 2022-2033
- Table 39: Rest-of-Asia-Pacific Electric Vehicle (EV) Fast-Charging System Market (by Application), Units, 2022-2033
- Table 40: Rest-of-Asia-Pacific Electric Vehicle (EV) Fast-Charging System Market (by Connector Type), $Million, 2022-2033
- Table 41: Rest-of-Asia-Pacific Electric Vehicle (EV) Fast-Charging System Market (by Connector Type), Units, 2022-2033
- Table 42: Rest-of-Asia-Pacific Electric Vehicle (EV) Fast-Charging System Market (by Power Output), $Million, 2022-2033
- Table 43: Rest-of-Asia-Pacific Electric Vehicle (EV) Fast-Charging System Market (by Power Output), Units, 2022-2033
- Table 44: Rest-of-Asia-Pacific Electric Vehicle (EV) Fast-Charging System Market (by Installation Type), $Million, 2022-2033
- Table 45: Rest-of-Asia-Pacific Electric Vehicle (EV) Fast-Charging System Market (by Installation Type), Units, 2022-2033
- Table 46: Market Share
