Heavy Electric Vehicle Industrial Equipment Charging Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2031

Description

Persistence Market Research has recently released a comprehensive report on the worldwide market for Heavy Electric Vehicle (HEV) industrial equipment charging. The report offers a thorough assessment of crucial market dynamics, including drivers, trends, opportunities, and challenges, providing detailed insights into the market structure.

Key Insights:

HEV Industrial Equipment Charging Market Size (2024E): USD 6572.4 million
Projected Market Value (2031F): USD 16046.2 million
Global Market Growth Rate (CAGR 2024 to 2031): 13.6%

HEV Industrial Equipment Charging Market - Report Scope:

HEV industrial equipment charging plays a crucial role in the transition towards electric mobility in heavy-duty vehicles, including trucks, buses, and construction machinery. This market encompasses various charging solutions designed to meet the energy demands of HEVs, focusing on fast-charging and ultra-fast charging technologies. The HEV industrial equipment charging market caters to sectors such as logistics, public transportation, and construction, offering solutions that enhance operational efficiency while reducing carbon footprints.

Market Growth Drivers:

The global HEV industrial equipment charging market is propelled by several key factors, including the increasing adoption of electric heavy vehicles to meet regulatory requirements for emissions reduction. The growing demand for sustainable transportation solutions is fostering the development of advanced charging infrastructure. Additionally, government incentives and investments in electric mobility are further driving the expansion of charging networks. Technological advancements, such as smart charging solutions and vehicle-to-grid (V2G) systems, enhance charging efficiency and enable renewable energy integration, fostering market growth.

Market Restraints:

Despite promising growth prospects, the HEV industrial equipment charging market faces challenges related to high infrastructure costs and the need for standardized charging protocols. The installation of charging stations requires significant capital investment, which can deter stakeholders, particularly in emerging economies. Furthermore, the lack of interoperability between different charging systems can lead to operational inefficiencies, hindering widespread adoption. Addressing these challenges will require collaboration among industry stakeholders, including manufacturers, energy providers, and government entities.

Market Opportunities:

The HEV industrial equipment charging market presents significant growth opportunities driven by technological innovations and evolving regulatory frameworks. The integration of renewable energy sources into charging solutions can provide sustainable energy options for HEVs. Additionally, the rise of fleet electrification in logistics and public transport sectors creates demand for efficient charging infrastructure. Strategic partnerships, investment in R&D, and the development of user-friendly charging solutions are essential to capitalize on emerging opportunities and sustain market leadership in this dynamic landscape.

Key Questions Answered in the Report:

What are the primary factors driving the growth of the HEV industrial equipment charging market globally?
Which charging technologies and solutions are gaining traction across different industrial applications?
How are technological advancements reshaping the competitive landscape of the HEV charging market?
Who are the key players contributing to the HEV industrial equipment charging market, and what strategies are they employing to maintain market relevance?
What are the emerging trends and future prospects in the global HEV industrial equipment charging market?

Competitive Intelligence and Business Strategy:

Leading players in the global HEV industrial equipment charging market, including Siemens AG, ABB Ltd., and Schneider Electric, focus on innovation, product differentiation, and strategic partnerships to gain a competitive edge. These companies invest in R&D to develop advanced charging solutions, including high-power chargers and integrated energy management systems, catering to diverse industrial needs. Collaborations with vehicle manufacturers and energy providers facilitate market access and promote technology adoption. Moreover, an emphasis on sustainability and regulatory compliance enhances market growth and strengthens brand positioning in the rapidly evolving HEV charging landscape.

Key Companies Profiled:

Siemens AG
ABB Ltd.
Schneider Electric
ChargePoint, Inc.
EVBox
Tesla, Inc.
Blink Charging Co.
Wallbox N.V.
Tritium DCFC Limited
Rivian Automotive, Inc.

HEV Industrial Equipment Charging Market Research Segmentation:

By Charging Technology:

Fast Charging Stations
Ultra-Fast Charging Stations
Smart Charging Solutions
Vehicle-to-Grid (V2G) Solutions

By Application:

Logistics and Transportation
Construction Machinery
Mining Equipment
Public Transportation

By End-User:

Fleet Operators
Public Transit Authorities
Construction Companies
Logistics Providers

By Region:

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

Product Code: PMRREP28462

1. Executive Summary

1.1. Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. PMR Analysis and Recommendations

2. Market Introduction

2.1. Market Taxonomy
2.2. Market Snapshot
2.3. Market Share Analysis by Segments
2.4. Incremental Opportunities by Segment
2.5. Market Size and Y-o-Y Growth Rate
2.6. Market Absolute $ Opportunity

3. Market Background

3.1. Macro-economic Factors
3.2. Value Chain Analysis
3.3. Key Trends and Implications Across Value Chain
3.4. Electrical Sector Strategic Growth Initiatives
3.5. Forecast Factors - Relevance & Impact
3.6. Market Drivers
3.7. Market Challenges
3.8. Market Trends
3.9. Market Opportunity

4. Global Heavy Electric Vehicle and Industrial Equipment Charging Market Analysis 2019-2023 and Forecast 2024-2031, by Technology

4.1. Introduction
4.2. Market Value Analysis (US$ Mn ) Analysis By Technology, 2019-2023
4.3. Current Market Size (US$ Mn ) Analysis and Forecast By Technology, 2024-2031
- 4.3.1. Inductive Charging
- 4.3.2. Resonant Inductive Charging
4.4. Market Attractiveness Analysis By Technology

5. Global Heavy Electric Vehicle and Industrial Equipment Charging Market Analysis 2019-2023 and Forecast 2024-2031, by Application

5.1. Introduction
5.2. Market Value Analysis (US$ Mn ) Analysis By Application, 2019-2023
5.3. Current and Future Market Size (US$ Mn ) Analysis and Forecast By Application, 2024-2031
- 5.3.1. Static Power Transfer
- 5.3.2. Dynamic Power Transfer
5.4. Market Attractiveness Analysis By Application

6. Global Heavy Electric Vehicle and Industrial Equipment Charging Market Analysis 2019-2023 and Forecast 2024-2031, by End-user

6.1. Introduction
6.2. Market Value Analysis (US$ Mn ) Analysis By End-use, 2019-2023
6.3. Current and Future Market Size (US$ Mn ) Analysis and Forecast By End-use, 2024-2031
- 6.3.1. Electric Bus
- 6.3.2. Semi-trailer Truck
- 6.3.3. Heavy Duty Truck
- 6.3.4. Terminal Tractor
- 6.3.5. Electric Towing Vehicle
- 6.3.6. Electric Forklifts
- 6.3.7. Scissor Lifts
- 6.3.8. Automated Guided Vehicles
- 6.3.9. Others
6.4. Market Attractiveness Analysis By End-use

7. Global Heavy Electric Vehicle and Industrial Equipment Charging Market Analysis 2019-2023 and Forecast 2024-2031, by Capacity

7.1. Introduction
7.2. Market Value Analysis (US$ Mn ) Analysis By Capacity, 2019-2023
7.3. Current and Future Market Size (US$ Mn ) Analysis and Forecast By Capacity, 2024-2031
- 7.3.1. Between 50kW and 250kW
- 7.3.2. Above 250kW
7.4. Market Attractiveness Analysis By Capacity

8. Global Heavy Electric Vehicle and Industrial Equipment Charging Market Analysis 2019-2023 and Forecast 2024-2031, by Region

8.1. Introduction
8.2. Market Value Analysis (US$ Mn ) Analysis By Region, 2019-2023
8.3. Current and Future Market Size (US$ Mn ) Analysis and Forecast By Region, 2024-2031
- 8.3.1. North America
- 8.3.2. Latin America
- 8.3.3. Europe
- 8.3.4. South Asia
- 8.3.5. East Asia
- 8.3.6. Oceania
- 8.3.7. Middle East and Africa
8.4. Market Attractiveness Analysis By Region

9. North America Heavy Electric Vehicle and Industrial Equipment Charging Market Analysis 2019-2023 and Forecast 2024-2031

9.1. Introduction
9.2. Market Value Analysis (US$ Mn ) Trend Analysis By Market Taxonomy, 2019-2023
9.3. Market Size (US$ Mn ) Forecast By Market Taxonomy, 2024-2031
- 9.3.1. By Country
  - 9.3.1.1. U.S.
  - 9.3.1.2. Canada
- 9.3.2. By Technology
- 9.3.3. By Application
- 9.3.4. By End-use
- 9.3.5. By Capacity
9.4. Market Attractiveness Analysis
- 9.4.1. By Country
- 9.4.2. By Technology
- 9.4.3. By Application
- 9.4.4. By End-use
- 9.4.5. By Capacity

10. Latin America Heavy Electric Vehicle and Industrial Equipment Charging Market Analysis 2019-2023 and Forecast 2024-2031

10.1. Introduction
10.2. Market Value Analysis (US$ Mn ) Trend Analysis By Market Taxonomy, 2019-2023
10.3. Market Size (US$ Mn ) Forecast By Market Taxonomy, 2024-2031
- 10.3.1. By Country
  - 10.3.1.1. Brazil
  - 10.3.1.2. Mexico
  - 10.3.1.3. Rest of Latin America
- 10.3.2. By Technology
- 10.3.3. By Application
- 10.3.4. By End-use
- 10.3.5. By Capacity
10.4. Market Attractiveness Analysis
- 10.4.1. By Country
- 10.4.2. By Technology
- 10.4.3. By Application
- 10.4.4. By End-use
- 10.4.5. By Capacity

11. Europe Heavy Electric Vehicle and Industrial Equipment Charging Market Analysis 2019-2023 and Forecast 2024-2031

11.1. Introduction
11.2. Market Value Analysis (US$ Mn ) Trend Analysis By Market Taxonomy, 2019-2023
11.3. Market Size (US$ Mn ) Forecast By Market Taxonomy, 2024-2031
- 11.3.1. By Country
  - 11.3.1.1. Germany
  - 11.3.1.2. Italy
  - 11.3.1.3. France
  - 11.3.1.4. U.K.
  - 11.3.1.5. Spain
  - 11.3.1.6. BENELUX
  - 11.3.1.7. Russia
  - 11.3.1.8. Rest of Europe
- 11.3.2. By Technology
- 11.3.3. By Application
- 11.3.4. By End-use
- 11.3.5. By Capacity
11.4. Market Attractiveness Analysis
- 11.4.1. By Country
- 11.4.2. By Technology
- 11.4.3. By Application
- 11.4.4. By End-use
- 11.4.5. By Capacity

12. South Asia Heavy Electric Vehicle and Industrial Equipment Charging Market Analysis 2019-2023 and Forecast 2024-2031

12.1. Introduction
12.2. Market Value Analysis (US$ Mn ) Trend Analysis By Market Taxonomy, 2019-2023
12.3. Market Size (US$ Mn ) Forecast By Market Taxonomy, 2024-2031
- 12.3.1. By Country
  - 12.3.1.1. India
  - 12.3.1.2. Thailand
  - 12.3.1.3. Indonesia
  - 12.3.1.4. Malaysia
  - 12.3.1.5. Singapore
  - 12.3.1.6. Rest of South Asia
- 12.3.2. By Technology
- 12.3.3. By Application
- 12.3.4. By End-use
- 12.3.5. By Capacity
12.4. Market Attractiveness Analysis
- 12.4.1. By Country
- 12.4.2. By Technology
- 12.4.3. By Application
- 12.4.4. By End-use
- 12.4.5. By Capacity

13. East Asia Heavy Electric Vehicle and Industrial Equipment Charging Market Analysis 2019-2023 and Forecast 2024-2031

13.1. Introduction
13.2. Market Value Analysis (US$ Mn ) Trend Analysis By Market Taxonomy, 2019-2023
13.3. Market Size (US$ Mn ) Forecast By Market Taxonomy, 2024-2031
- 13.3.1. By Country
  - 13.3.1.1. China
  - 13.3.1.2. Japan
  - 13.3.1.3. South Korea
- 13.3.2. By Technology
- 13.3.3. By Application
- 13.3.4. By End-use
- 13.3.5. By Capacity
13.4. Market Attractiveness Analysis
- 13.4.1. By Country
- 13.4.2. By Technology
- 13.4.3. By Application
- 13.4.4. By End-use
- 13.4.5. By Capacity

14. Oceania Heavy Electric Vehicle and Industrial Equipment Charging Market Analysis 2019-2023 and Forecast 2024-2031

14.1. Introduction
14.2. Market Value Analysis (US$ Mn ) Trend Analysis By Market Taxonomy, 2019-2023
14.3. Market Size (US$ Mn ) Forecast By Market Taxonomy, 2024-2031
- 14.3.1. By Country
  - 14.3.1.1. Australia
  - 14.3.1.2. New Zealand
- 14.3.2. By Technology
- 14.3.3. By Application
- 14.3.4. By End-use
- 14.3.5. By Capacity
14.4. Market Attractiveness Analysis
- 14.4.1. By Country
- 14.4.2. By Technology
- 14.4.3. By Application
- 14.4.4. By End-use
- 14.4.5. By Capacity

15. Middle East and Africa Heavy Electric Vehicle and Industrial Equipment Charging Market Analysis 2019-2023 and Forecast 2024-2031

15.1. Introduction
15.2. Market Value Analysis (US$ Mn ) Trend Analysis By Market Taxonomy, 2019-2023
15.3. Market Size (US$ Mn ) Forecast By Market Taxonomy, 2024-2031
- 15.3.1. By Country
  - 15.3.1.1. GCC Countries
  - 15.3.1.2. Turkey
  - 15.3.1.3. Northern Africa
  - 15.3.1.4. South Africa
  - 15.3.1.5. Rest of Middle East and Africa
- 15.3.2. By Technology
- 15.3.3. By Application
- 15.3.4. By End-use
- 15.3.5. By Capacity
15.4. Market Attractiveness Analysis
- 15.4.1. By Country
- 15.4.2. By Technology
- 15.4.3. By Application
- 15.4.4. By End-use
- 15.4.5. By Capacity

16. Emerging Countries Heavy Electric Vehicle and Industrial Equipment Charging Market Analysis 2019-2023 and Forecast 2024-2031

16.1. China Heavy Electric Vehicle and Industrial Equipment Charging Market Analysis
16.2. India Heavy Electric Vehicle and Industrial Equipment Charging Market Analysis
16.3. Mexico Heavy Electric Vehicle and Industrial Equipment Charging Market Analysis

17. Competition Deep Dive

17.1. Key Developments
17.2. Company Profiles
- 17.2.1. Electreon
  - 17.2.1.1. Overview
  - 17.2.1.2. Product Portfolio
  - 17.2.1.3. Key Strategies
- 17.2.2. WiTricity Corporation
  - 17.2.2.1. Overview
  - 17.2.2.2. Product Portfolio
  - 17.2.2.3. Key Strategies
- 17.2.3. Greenlots
  - 17.2.3.1. Overview
  - 17.2.3.2. Product Portfolio
  - 17.2.3.3. Key Strategies
- 17.2.4. Delta Energy Systems
  - 17.2.4.1. Overview
  - 17.2.4.2. Product Portfolio
  - 17.2.4.3. Key Strategies
- 17.2.5. Momentum Dynamics
  - 17.2.5.1. Overview
  - 17.2.5.2. Product Portfolio
  - 17.2.5.3. Key Strategies
- 17.2.6. WAVE INC.
  - 17.2.6.1. Overview
  - 17.2.6.2. Product Portfolio
  - 17.2.6.3. Key Strategies