CV Depot Charging Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Description

The Global CV Depot Charging Market was valued at USD 4.8 billion in 2023 and is on track to witness a robust CAGR of over 28.1% from 2024 to 2032. Technological advancements in battery technology are reshaping the landscape of CV depot charging. Enhanced battery energy density is extending the range of commercial electric vehicles (EVs), making them increasingly viable for long-haul transport. Moreover, rapid charging capabilities are slashing downtime, boosting operational efficiency and vehicle utilization.

With improved battery safety and durability, the total cost of ownership diminishes, rendering electric commercial vehicles more enticing for fleet operators. Furthermore, advancements in battery management systems (BMS) are optimizing energy consumption and prolonging battery life, leading to further cost reductions. Collectively, these innovations bolster the feasibility and allure of transitioning to electric commercial vehicle fleets, driving up the demand for depot charging infrastructure. In a notable development, July 2023 saw the Performance Team, a Maersk Company, in collaboration with Prologis, inaugurate Southern California's largest heavy-duty electric vehicle (EV) charging depot. Situated near the Ports of Los Angeles and Long Beach, the "Denker charging depot" boasts the capability to charge 96 EV trucks concurrently.

The CV depot charging industry is segmented based on charger type, vehicle, charging station, power output, and region.

With respect to charger types, the market is divided into AC and DC chargers. In 2023, DC chargers dominated with over 72% of the market share, projecting to surpass USD 29.6 billion by 2032. Their supremacy in the CV depot charging market stems from their high-power output, facilitating rapid charging. This feature is paramount for fleet operators prioritizing minimal downtime and swift vehicle turnaround.

Charging stations are categorized into public and private. In 2023, private charging stations commanded a 57% market share, attributed to the operational control and efficiency they offer fleet operators. With dedicated depots, companies can fine-tune charging schedules, optimize energy consumption, and minimize downtime.

Europe CV depot charging market captured 36% of the revenue share in 2023, with projections exceeding USD 14.8 billion by 2032. This growth is fueled by stringent emission regulations, ambitious government targets for electric vehicle adoption, and robust incentives for green technology. The region's well-established charging infrastructure is bolstered by significant investments from both public and private entities.

Product Code: 10694

Chapter 1 Methodology and Scope

1.1 Research design
- 1.1.1 Research approach
- 1.1.2 Data collection methods
1.2 Base estimates and calculations
- 1.2.1 Base year calculation
- 1.2.2 Key trends for market estimates
1.3 Forecast model
1.4 Primary research and validation
- 1.4.1 Primary sources
- 1.4.2 Data mining sources
1.5 Market definitions

Chapter 2 Executive Summary

2.1 Industry 360° synopsis, 2021 - 2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
3.2 Supplier landscape
- 3.2.1 Charging infrastructure providers
- 3.2.2 Energy suppliers
- 3.2.3 Fleet operators
- 3.2.4 Technology providers
3.3 Profit margin analysis
3.4 Technology and innovation landscape
3.5 Patent analysis
3.6 Key news and initiatives
3.7 Regulatory landscape
3.8 Impact forces
- 3.8.1 Growth drivers
  - 3.8.1.1 Increasing adoption of electric commercial vehicles (ECVs)
  - 3.8.1.2 Growing urbanization and the need for last-mile delivery
  - 3.8.1.3 Advancements in battery technology
  - 3.8.1.4 Increased focus on public transport electrification
  - 3.8.1.5 Increased adoption of fleet management solutions
- 3.8.2 Industry pitfalls and challenges
  - 3.8.2.1 High initial investment of setting up charging infrastructure
  - 3.8.2.2 Grid capacity limitations
3.9 Growth potential analysis
3.10 Porter's analysis
3.11 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix

Chapter 5 Market Estimates and Forecast, By Charger, 2021 - 2032 ($Bn)

5.1 Key trends
5.2 AC chargers
5.3 DC chargers

Chapter 6 Market Estimates and Forecast, By Vehicle, 2021 - 2032 ($Bn)

6.1 Key trends
6.2 Electric light commercial vehicles (eLCVs)
6.3 Electric medium commercial vehicles (eMCVs)
6.4 Electric heavy commercial vehicles (eHCVs)
6.5 Electric buses (eBuses)

Chapter 7 Market Estimates and Forecast, By Charging Stations, 2021 - 2032 ($Bn)

7.1 Key trends
7.2 Public charging stations
7.3 Private charging stations

Chapter 8 Market Estimates and Forecast, By Power Output, 2021 - 2032 ($Bn)

8.1 Key trends
8.2 Up to 50 kW
8.3 51-150 kW
8.4 Above 150 kW

Chapter 9 Market Estimates and Forecast, By Region, 2021 - 2032 ($Bn)

9.1 Key trends
9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
9.3 Europe
- 9.3.1 UK
- 9.3.2 Germany
- 9.3.3 France
- 9.3.4 Spain
- 9.3.5 Italy
- 9.3.6 Russia
- 9.3.7 Nordics
- 9.3.8 Rest of Europe
9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 South Korea
- 9.4.5 ANZ
- 9.4.6 Southeast Asia
- 9.4.7 Rest of Asia Pacific
9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Argentina
- 9.5.4 Rest of Latin America
9.6 MEA
- 9.6.1 UAE
- 9.6.2 South Africa
- 9.6.3 Saudi Arabia
- 9.6.4 Rest of MEA

Chapter 10 Company Profiles

10.1 ABB
10.2 Blink Charging Co.
10.3 BP Pulse
10.4 ChargePoint
10.5 Delta Electronics
10.6 Eaton
10.7 Efacec
10.8 Enel X
10.9 Fortum Charge and Drive
10.10 Heliox
10.11 KEM Power Oyj
10.12 Phoenix Contact E-Mobility
10.13 Proterra
10.14 Robert Bosch GmbH
10.15 Schneider Electric
10.16 Shell Recharge Solutions
10.17 Siemens
10.18 Tesla
10.19 Tritium
10.20 Webasto