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Increase in Total Registered EV sales: EV sales in India from April to September 2021 grew by 234% on a YoY
basis. The low cost of acquisition and
need for cleaner last-mile connectivity solutions are driving the
electrification of Rickshaws and 2W in the Indian market. eRickshaws, eAutos,
and e2Ws are the most promising segments for electrification in India and are expected
to account for more than 4 million units by 2025.
Geographical Distribution: Southern India leads
the EV Charging market currently, followed by North and West. States like Andhra Pradesh, Uttar
Pradesh, Tamil Nadu and Gujrat offer incentives such as Capital interest
subsidy, Stamp duty reimbursements, Tax exemptions, SGST (State Goods and
Services Tax) reimbursement and Provision of interest free loans to incentivize
EV manufacturers. Eastern India
continues to be an unexploited potential area for EV Charging due to terrain
constraints.
Cost of Charging Equipment and Installation: The charging standard IS: 17017-1 published by BIS recommends both CCS-2
and CHAdeMO. The cost varies depending on the level and type of charging infrastructure—slow,
medium, or fast charging. The initial cost of setting up of kiosks and boards
with installation of all charger models, charging guns, and wiring is high.
Infrastructure:
The
lack of proper electric vehicle charging infrastructure poses one of the
greatest obstacles for 100% adoption of electric vehicles on road by 2030 in
the country. Currently, there are ~900 public charging points in India, which
stands as a huge outlier in comparison to china, Japan and the USA that have
over 30,000 to 50,000 charging points.
The report titled “India EV Charging Equipment Market Outlook to FY'2026 – Driven by
Increasing Adoption of Electric Vehicles along with Implementation of FAME II
Policy by Government” provides a comprehensive analysis of the potential of
Electric Vehicle Charging Equipment industry in India. The report covers
various aspects including the current EV Scenario and charging infrastructure
status in India, revenue generated from EV Charging equipment, its
segmentations viz Type of Charger – Fast (DC) vs. Slow (AC), Type of Charging
Stations, Application (4W vs. 3W vs. 2W), Geographic Distribution, Distribution
Channel and By Organized and Unorganized Sector, major trends and development,
issues and challenges, government regulations and product analysis. The report
concludes with market projections for future of the industry including
forecasted industry size by revenue along with analyst recommendations and key
market opportunities.
By Type of Charger
Fast (DC
Chargers)
Slow (AC
Chargers)
By Type of Charging Stations
Portable
Chargers
Private
Charging
Public
Charging
By Application
4W
3W
2W
By Geographic Distribution
South
North
West
East
By Distribution Channel
Direct
Sales
Indirect
Sales
By Organized and Unorganized Sector
Organized
Unorganized
Key Target Audience:-
EV
Manufacturers
EV
Dealers/Distributors
Fleet
Aggregators
Government
Agencies
Automobile
Consultants
Multiple
Unit Dwellings and Transport Infrastructure
Time Period Captured in the Report:-
Historical Period: FY’2016-FY’2021
Forecast Period: FY’2021-FY’2026
Companies Covered:-
ABB India
AEIDTH Technologies
Amplify Mobility
ChargeMOD
EVQpoint
LUBI EV Solutions
Mass-Tech
Okaya Power Group
P2 Power Solutions
RRT Electro Power (P)
Uznaka Solutions Pvt. Ltd.
Volttic
Magenta Power
PlugNGo
ChargeMyGaadi
Delta Electronics
Key Topics Covered in the Report:-
Overview of India EV Market
Genesis and
Overview of India EV Charging Equipment Market
Charging Infrastructure for India EV Market
India EV Charging Equipment Market Segmentations
Overview of Charge Point Operators in India
Competition Analysis : Market Share of Charge Point Operators
in India, FY’2021
Product Landscape of Key Manufacturers (ChargeMOD, AEIDTH
Technologies , ABB, Lubi EV Solution, Mass Tech, P2 Power Solution , RRT
Electro Power)
Government Initiatives and Regulations in India EV Charging
Equipment Market
SWOT Analysis of EV Charging Equipment Market
Key Trends in India EV Charging Equipment Market
Issues and Challenges in India EV Charging Equipment Market
Impact of COVID 19 on EV sales
Outlook and Future Projections for India EV Charging
Equipment Market
Future Plans on Establishment of Charging Stations in India
Recommendations / Success Factors
Research Methodology
Appendix
For More Information
on the research report, refer to below link:-
India
EV Charging Equipment Market
Related Reports:-
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