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Solar EV Charging Market by Charging Level, System, Application: Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 305 Pages
  • February 2023
  • Region: Global
  • Allied Market Research
  • ID: 5781735
UP TO OFF until Jan 30th 2025
The global solar EV charging market was valued at $159.6 million in 2021, and is projected to reach $330.9 million by 2031, growing at a CAGR of 8.1% from 2022 to 2031.

Solar EV charging involves solar panel which converts the solar energy into power which is used to fuel EV batteries. Solar energy is a renewable energy source which can be used to generate electricity which can be used to charge an electric vehicle at very low cost. Solar EV charging has emerged as one of the best ways to reduce dependence on fossil fuels for powering various modes of transportation.

The future of transportation lies with electric automobiles. The automotive industry is moving significantly toward the usage of renewable energy to power EVs as industry becomes environmentally conscious. Solar energy is gaining popularity for charging EVs with zero emission which boosts the solar EV charging market size in near future. There is an increase in the demand for EVs in all regions at a fast pace, especially two-wheelers and personal car segment. Wider deployment of fast-charging and ultra-fast-charging infrastructure for EVs accelerate the adoption of solar EV charging solution.

Solar panel collects solar energy during daylight hours and charges a battery which powers a solar EV charging station during peak hours. EVs can be charged with ease with the solar EV charging stations. Residential solar system is particularly advantageous as system allows for both cost-effective EV charging and home lighting. EVs are gaining popularity which help in anticipating that the owners of EVs for investing in the installation of a solar EV charging in home which boosting the growth of the solar EV charging market globally. The solar EV charging market share is expected to increase during the forecast period due to factors such as environmental advantages, low installation, and operating costs.

For the purpose of analysis, the solar EV charging market is segmented on the basis of charging level, system, application and region. On the basis of charging level, the market is divided into Level 1, Level 2, and Level 3 (DC fast charging). On the basis of system, the market is categorized into off-grid, on-grid. On the basis of application, the market is classified into public EV charger and private EV charger. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Presently, Asia-Pacific accounts for the largest share of the market, followed by Europe.

Major players operating in the global solar EV charging industry include iSun, Inc., Bharat Heavy Electricals Limited, Zhejiang Benyi New Energy Co., Ltd. , PowerFlex, EmPower Solar, HES Solar., Paired Power, KEBA, Brightfield Transportation Solutions., and ChargePoint, Inc.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the solar ev charging market analysis from 2021 to 2031 to identify the prevailing solar ev charging market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the solar ev charging market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global solar ev charging market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Application

  • Private EV Charger
  • Public EV Charger

By Charging Level

  • Level 2
  • Level 3 (DC Fast Charging)
  • Level 1

By System

  • Off Grid
  • On Grid

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Rest of Europe
  • Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • Saudi Arabia
  • UAE
  • Rest of LAMEA

Key Market Players

  • iSun, Inc.
  • Bharat Heavy Electricals Limited
  • PowerFlex
  • EmPower Solar
  • Paired Power
  • KEBA
  • Brightfield Transportation Solutions.
  • Zhejiang Benyi New Energy Co., Ltd.
  • ChargePoint, Inc.
  • HES Solar.

 

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Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.3. Porter’s five forces analysis
3.3.1. Bargaining power of suppliers
3.3.2. Bargaining power of buyers
3.3.3. Threat of substitutes
3.3.4. Threat of new entrants
3.3.5. Intensity of rivalry
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Inclination toward eco-friendly, cost effective and energy-efficient EV charging solution
3.4.1.2. Surge in demand for electric vehicles
3.4.2. Restraints
3.4.2.1. Large space required for public solar EV charging
3.4.3. Opportunities
3.4.3.1. Advancement in battery technology
3.4.3.2. Increase in investment in off-grid solar EV charging solutions
3.5. COVID-19 Impact Analysis on the market
3.6. Value Chain Analysis
CHAPTER 4: SOLAR EV CHARGING MARKET, BY CHARGING LEVEL
4.1. Overview
4.1.1. Market size and forecast
4.2. Level 2
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market share analysis by country
4.3. Level 3 (DC Fast Charging)
4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market share analysis by country
4.4. Level 1
4.4.1. Key market trends, growth factors and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market share analysis by country
CHAPTER 5: SOLAR EV CHARGING MARKET, BY SYSTEM
5.1. Overview
5.1.1. Market size and forecast
5.2. Off Grid
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market share analysis by country
5.3. On Grid
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market share analysis by country
CHAPTER 6: SOLAR EV CHARGING MARKET, BY APPLICATION
6.1. Overview
6.1.1. Market size and forecast
6.2. Private EV Charger
6.2.1. Key market trends, growth factors and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market share analysis by country
6.3. Public EV Charger
6.3.1. Key market trends, growth factors and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market share analysis by country
CHAPTER 7: SOLAR EV CHARGING MARKET, BY REGION
7.1. Overview
7.1.1. Market size and forecast By Region
7.2. North America
7.2.1. Key trends and opportunities
7.2.2. Market size and forecast, by Charging Level
7.2.3. Market size and forecast, by System
7.2.4. Market size and forecast, by Application
7.2.5. Market size and forecast, by country
7.2.5.1. U.S.
7.2.5.1.1. Key market trends, growth factors and opportunities
7.2.5.1.2. Market size and forecast, by Charging Level
7.2.5.1.3. Market size and forecast, by System
7.2.5.1.4. Market size and forecast, by Application
7.2.5.2. Canada
7.2.5.2.1. Key market trends, growth factors and opportunities
7.2.5.2.2. Market size and forecast, by Charging Level
7.2.5.2.3. Market size and forecast, by System
7.2.5.2.4. Market size and forecast, by Application
7.2.5.3. Mexico
7.2.5.3.1. Key market trends, growth factors and opportunities
7.2.5.3.2. Market size and forecast, by Charging Level
7.2.5.3.3. Market size and forecast, by System
7.2.5.3.4. Market size and forecast, by Application
7.3. Europe
7.3.1. Key trends and opportunities
7.3.2. Market size and forecast, by Charging Level
7.3.3. Market size and forecast, by System
7.3.4. Market size and forecast, by Application
7.3.5. Market size and forecast, by country
7.3.5.1. Germany
7.3.5.1.1. Key market trends, growth factors and opportunities
7.3.5.1.2. Market size and forecast, by Charging Level
7.3.5.1.3. Market size and forecast, by System
7.3.5.1.4. Market size and forecast, by Application
7.3.5.2. UK
7.3.5.2.1. Key market trends, growth factors and opportunities
7.3.5.2.2. Market size and forecast, by Charging Level
7.3.5.2.3. Market size and forecast, by System
7.3.5.2.4. Market size and forecast, by Application
7.3.5.3. France
7.3.5.3.1. Key market trends, growth factors and opportunities
7.3.5.3.2. Market size and forecast, by Charging Level
7.3.5.3.3. Market size and forecast, by System
7.3.5.3.4. Market size and forecast, by Application
7.3.5.4. Spain
7.3.5.4.1. Key market trends, growth factors and opportunities
7.3.5.4.2. Market size and forecast, by Charging Level
7.3.5.4.3. Market size and forecast, by System
7.3.5.4.4. Market size and forecast, by Application
7.3.5.5. Italy
7.3.5.5.1. Key market trends, growth factors and opportunities
7.3.5.5.2. Market size and forecast, by Charging Level
7.3.5.5.3. Market size and forecast, by System
7.3.5.5.4. Market size and forecast, by Application
7.3.5.6. Rest of Europe
7.3.5.6.1. Key market trends, growth factors and opportunities
7.3.5.6.2. Market size and forecast, by Charging Level
7.3.5.6.3. Market size and forecast, by System
7.3.5.6.4. Market size and forecast, by Application
7.4. Asia-Pacific
7.4.1. Key trends and opportunities
7.4.2. Market size and forecast, by Charging Level
7.4.3. Market size and forecast, by System
7.4.4. Market size and forecast, by Application
7.4.5. Market size and forecast, by country
7.4.5.1. China
7.4.5.1.1. Key market trends, growth factors and opportunities
7.4.5.1.2. Market size and forecast, by Charging Level
7.4.5.1.3. Market size and forecast, by System
7.4.5.1.4. Market size and forecast, by Application
7.4.5.2. India
7.4.5.2.1. Key market trends, growth factors and opportunities
7.4.5.2.2. Market size and forecast, by Charging Level
7.4.5.2.3. Market size and forecast, by System
7.4.5.2.4. Market size and forecast, by Application
7.4.5.3. Japan
7.4.5.3.1. Key market trends, growth factors and opportunities
7.4.5.3.2. Market size and forecast, by Charging Level
7.4.5.3.3. Market size and forecast, by System
7.4.5.3.4. Market size and forecast, by Application
7.4.5.4. South Korea
7.4.5.4.1. Key market trends, growth factors and opportunities
7.4.5.4.2. Market size and forecast, by Charging Level
7.4.5.4.3. Market size and forecast, by System
7.4.5.4.4. Market size and forecast, by Application
7.4.5.5. Rest of Asia-Pacific
7.4.5.5.1. Key market trends, growth factors and opportunities
7.4.5.5.2. Market size and forecast, by Charging Level
7.4.5.5.3. Market size and forecast, by System
7.4.5.5.4. Market size and forecast, by Application
7.5. LAMEA
7.5.1. Key trends and opportunities
7.5.2. Market size and forecast, by Charging Level
7.5.3. Market size and forecast, by System
7.5.4. Market size and forecast, by Application
7.5.5. Market size and forecast, by country
7.5.5.1. Brazil
7.5.5.1.1. Key market trends, growth factors and opportunities
7.5.5.1.2. Market size and forecast, by Charging Level
7.5.5.1.3. Market size and forecast, by System
7.5.5.1.4. Market size and forecast, by Application
7.5.5.2. Saudi Arabia
7.5.5.2.1. Key market trends, growth factors and opportunities
7.5.5.2.2. Market size and forecast, by Charging Level
7.5.5.2.3. Market size and forecast, by System
7.5.5.2.4. Market size and forecast, by Application
7.5.5.3. UAE
7.5.5.3.1. Key market trends, growth factors and opportunities
7.5.5.3.2. Market size and forecast, by Charging Level
7.5.5.3.3. Market size and forecast, by System
7.5.5.3.4. Market size and forecast, by Application
7.5.5.4. Rest of LAMEA
7.5.5.4.1. Key market trends, growth factors and opportunities
7.5.5.4.2. Market size and forecast, by Charging Level
7.5.5.4.3. Market size and forecast, by System
7.5.5.4.4. Market size and forecast, by Application
CHAPTER 8: COMPETITIVE LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Top player positioning, 2021
CHAPTER 9: COMPANY PROFILES
9.1. iSun, Inc.
9.1.1. Company overview
9.1.2. Key Executives
9.1.3. Company snapshot
9.1.4. Operating business segments
9.1.5. Product portfolio
9.1.6. Business performance
9.1.7. Key strategic moves and developments
9.2. Bharat Heavy Electricals Limited
9.2.1. Company overview
9.2.2. Key Executives
9.2.3. Company snapshot
9.2.4. Operating business segments
9.2.5. Product portfolio
9.2.6. Business performance
9.3. Zhejiang Benyi New Energy Co., Ltd.
9.3.1. Company overview
9.3.2. Key Executives
9.3.3. Company snapshot
9.3.4. Operating business segments
9.3.5. Product portfolio
9.3.6. Key strategic moves and developments
9.4. PowerFlex
9.4.1. Company overview
9.4.2. Key Executives
9.4.3. Company snapshot
9.4.4. Operating business segments
9.4.5. Product portfolio
9.4.6. Key strategic moves and developments
9.5. EmPower Solar
9.5.1. Company overview
9.5.2. Key Executives
9.5.3. Company snapshot
9.5.4. Operating business segments
9.5.5. Product portfolio
9.5.6. Key strategic moves and developments
9.6. HES Solar.
9.6.1. Company overview
9.6.2. Key Executives
9.6.3. Company snapshot
9.6.4. Operating business segments
9.6.5. Product portfolio
9.7. Paired Power
9.7.1. Company overview
9.7.2. Key Executives
9.7.3. Company snapshot
9.7.4. Operating business segments
9.7.5. Product portfolio
9.7.6. Key strategic moves and developments
9.8. KEBA
9.8.1. Company overview
9.8.2. Key Executives
9.8.3. Company snapshot
9.8.4. Operating business segments
9.8.5. Product portfolio
9.8.6. Key strategic moves and developments
9.9. Brightfield Transportation Solutions.
9.9.1. Company overview
9.9.2. Key Executives
9.9.3. Company snapshot
9.9.4. Operating business segments
9.9.5. Product portfolio
9.10. ChargePoint, Inc.
9.10.1. Company overview
9.10.2. Key Executives
9.10.3. Company snapshot
9.10.4. Operating business segments
9.10.5. Product portfolio
9.10.6. Business performance
9.10.7. Key strategic moves and developments
List of Tables
TABLE 01. GLOBAL SOLAR EV CHARGING MARKET, BY CHARGING LEVEL, 2021-2031 ($THOUSAND)
TABLE 02. SOLAR EV CHARGING MARKET FOR LEVEL 2, BY REGION, 2021-2031 ($THOUSAND)
TABLE 03. SOLAR EV CHARGING MARKET FOR LEVEL 3 (DC FAST CHARGING), BY REGION, 2021-2031 ($THOUSAND)
TABLE 04. SOLAR EV CHARGING MARKET FOR LEVEL 1, BY REGION, 2021-2031 ($THOUSAND)
TABLE 05. GLOBAL SOLAR EV CHARGING MARKET, BY SYSTEM, 2021-2031 ($THOUSAND)
TABLE 06. SOLAR EV CHARGING MARKET FOR OFF GRID, BY REGION, 2021-2031 ($THOUSAND)
TABLE 07. SOLAR EV CHARGING MARKET FOR ON GRID, BY REGION, 2021-2031 ($THOUSAND)
TABLE 08. GLOBAL SOLAR EV CHARGING MARKET, BY APPLICATION, 2021-2031 ($THOUSAND)
TABLE 09. SOLAR EV CHARGING MARKET FOR PRIVATE EV CHARGER, BY REGION, 2021-2031 ($THOUSAND)
TABLE 10. SOLAR EV CHARGING MARKET FOR PUBLIC EV CHARGER, BY REGION, 2021-2031 ($THOUSAND)
TABLE 11. SOLAR EV CHARGING MARKET, BY REGION, 2021-2031 ($THOUSAND)
TABLE 12. NORTH AMERICA SOLAR EV CHARGING MARKET, BY CHARGING LEVEL, 2021-2031 ($THOUSAND)
TABLE 13. NORTH AMERICA SOLAR EV CHARGING MARKET, BY SYSTEM, 2021-2031 ($THOUSAND)
TABLE 14. NORTH AMERICA SOLAR EV CHARGING MARKET, BY APPLICATION, 2021-2031 ($THOUSAND)
TABLE 15. NORTH AMERICA SOLAR EV CHARGING MARKET, BY COUNTRY, 2021-2031 ($THOUSAND)
TABLE 16. U.S. SOLAR EV CHARGING MARKET, BY CHARGING LEVEL, 2021-2031 ($THOUSAND)
TABLE 17. U.S. SOLAR EV CHARGING MARKET, BY SYSTEM, 2021-2031 ($THOUSAND)
TABLE 18. U.S. SOLAR EV CHARGING MARKET, BY APPLICATION, 2021-2031 ($THOUSAND)
TABLE 19. CANADA SOLAR EV CHARGING MARKET, BY CHARGING LEVEL, 2021-2031 ($THOUSAND)
TABLE 20. CANADA SOLAR EV CHARGING MARKET, BY SYSTEM, 2021-2031 ($THOUSAND)
TABLE 21. CANADA SOLAR EV CHARGING MARKET, BY APPLICATION, 2021-2031 ($THOUSAND)
TABLE 22. MEXICO SOLAR EV CHARGING MARKET, BY CHARGING LEVEL, 2021-2031 ($THOUSAND)
TABLE 23. MEXICO SOLAR EV CHARGING MARKET, BY SYSTEM, 2021-2031 ($THOUSAND)
TABLE 24. MEXICO SOLAR EV CHARGING MARKET, BY APPLICATION, 2021-2031 ($THOUSAND)
TABLE 25. EUROPE SOLAR EV CHARGING MARKET, BY CHARGING LEVEL, 2021-2031 ($THOUSAND)
TABLE 26. EUROPE SOLAR EV CHARGING MARKET, BY SYSTEM, 2021-2031 ($THOUSAND)
TABLE 27. EUROPE SOLAR EV CHARGING MARKET, BY APPLICATION, 2021-2031 ($THOUSAND)
TABLE 28. EUROPE SOLAR EV CHARGING MARKET, BY COUNTRY, 2021-2031 ($THOUSAND)
TABLE 29. GERMANY SOLAR EV CHARGING MARKET, BY CHARGING LEVEL, 2021-2031 ($THOUSAND)
TABLE 30. GERMANY SOLAR EV CHARGING MARKET, BY SYSTEM, 2021-2031 ($THOUSAND)
TABLE 31. GERMANY SOLAR EV CHARGING MARKET, BY APPLICATION, 2021-2031 ($THOUSAND)
TABLE 32. UK SOLAR EV CHARGING MARKET, BY CHARGING LEVEL, 2021-2031 ($THOUSAND)
TABLE 33. UK SOLAR EV CHARGING MARKET, BY SYSTEM, 2021-2031 ($THOUSAND)
TABLE 34. UK SOLAR EV CHARGING MARKET, BY APPLICATION, 2021-2031 ($THOUSAND)
TABLE 35. FRANCE SOLAR EV CHARGING MARKET, BY CHARGING LEVEL, 2021-2031 ($THOUSAND)
TABLE 36. FRANCE SOLAR EV CHARGING MARKET, BY SYSTEM, 2021-2031 ($THOUSAND)
TABLE 37. FRANCE SOLAR EV CHARGING MARKET, BY APPLICATION, 2021-2031 ($THOUSAND)
TABLE 38. SPAIN SOLAR EV CHARGING MARKET, BY CHARGING LEVEL, 2021-2031 ($THOUSAND)
TABLE 39. SPAIN SOLAR EV CHARGING MARKET, BY SYSTEM, 2021-2031 ($THOUSAND)
TABLE 40. SPAIN SOLAR EV CHARGING MARKET, BY APPLICATION, 2021-2031 ($THOUSAND)
TABLE 41. ITALY SOLAR EV CHARGING MARKET, BY CHARGING LEVEL, 2021-2031 ($THOUSAND)
TABLE 42. ITALY SOLAR EV CHARGING MARKET, BY SYSTEM, 2021-2031 ($THOUSAND)
TABLE 43. ITALY SOLAR EV CHARGING MARKET, BY APPLICATION, 2021-2031 ($THOUSAND)
TABLE 44. REST OF EUROPE SOLAR EV CHARGING MARKET, BY CHARGING LEVEL, 2021-2031 ($THOUSAND)
TABLE 45. REST OF EUROPE SOLAR EV CHARGING MARKET, BY SYSTEM, 2021-2031 ($THOUSAND)
TABLE 46. REST OF EUROPE SOLAR EV CHARGING MARKET, BY APPLICATION, 2021-2031 ($THOUSAND)
TABLE 47. ASIA-PACIFIC SOLAR EV CHARGING MARKET, BY CHARGING LEVEL, 2021-2031 ($THOUSAND)
TABLE 48. ASIA-PACIFIC SOLAR EV CHARGING MARKET, BY SYSTEM, 2021-2031 ($THOUSAND)
TABLE 49. ASIA-PACIFIC SOLAR EV CHARGING MARKET, BY APPLICATION, 2021-2031 ($THOUSAND)
TABLE 50. ASIA-PACIFIC SOLAR EV CHARGING MARKET, BY COUNTRY, 2021-2031 ($THOUSAND)
TABLE 51. CHINA SOLAR EV CHARGING MARKET, BY CHARGING LEVEL, 2021-2031 ($THOUSAND)
TABLE 52. CHINA SOLAR EV CHARGING MARKET, BY SYSTEM, 2021-2031 ($THOUSAND)
TABLE 53. CHINA SOLAR EV CHARGING MARKET, BY APPLICATION, 2021-2031 ($THOUSAND)
TABLE 54. INDIA SOLAR EV CHARGING MARKET, BY CHARGING LEVEL, 2021-2031 ($THOUSAND)
TABLE 55. INDIA SOLAR EV CHARGING MARKET, BY SYSTEM, 2021-2031 ($THOUSAND)
TABLE 56. INDIA SOLAR EV CHARGING MARKET, BY APPLICATION, 2021-2031 ($THOUSAND)
TABLE 57. JAPAN SOLAR EV CHARGING MARKET, BY CHARGING LEVEL, 2021-2031 ($THOUSAND)
TABLE 58. JAPAN SOLAR EV CHARGING MARKET, BY SYSTEM, 2021-2031 ($THOUSAND)
TABLE 59. JAPAN SOLAR EV CHARGING MARKET, BY APPLICATION, 2021-2031 ($THOUSAND)
TABLE 60. SOUTH KOREA SOLAR EV CHARGING MARKET, BY CHARGING LEVEL, 2021-2031 ($THOUSAND)
TABLE 61. SOUTH KOREA SOLAR EV CHARGING MARKET, BY SYSTEM, 2021-2031 ($THOUSAND)
TABLE 62. SOUTH KOREA SOLAR EV CHARGING MARKET, BY APPLICATION, 2021-2031 ($THOUSAND)
TABLE 63. REST OF ASIA-PACIFIC SOLAR EV CHARGING MARKET, BY CHARGING LEVEL, 2021-2031 ($THOUSAND)
TABLE 64. REST OF ASIA-PACIFIC SOLAR EV CHARGING MARKET, BY SYSTEM, 2021-2031 ($THOUSAND)
TABLE 65. REST OF ASIA-PACIFIC SOLAR EV CHARGING MARKET, BY APPLICATION, 2021-2031 ($THOUSAND)
TABLE 66. LAMEA SOLAR EV CHARGING MARKET, BY CHARGING LEVEL, 2021-2031 ($THOUSAND)
TABLE 67. LAMEA SOLAR EV CHARGING MARKET, BY SYSTEM, 2021-2031 ($THOUSAND)
TABLE 68. LAMEA SOLAR EV CHARGING MARKET, BY APPLICATION, 2021-2031 ($THOUSAND)
TABLE 69. LAMEA SOLAR EV CHARGING MARKET, BY COUNTRY, 2021-2031 ($THOUSAND)
TABLE 70. BRAZIL SOLAR EV CHARGING MARKET, BY CHARGING LEVEL, 2021-2031 ($THOUSAND)
TABLE 71. BRAZIL SOLAR EV CHARGING MARKET, BY SYSTEM, 2021-2031 ($THOUSAND)
TABLE 72. BRAZIL SOLAR EV CHARGING MARKET, BY APPLICATION, 2021-2031 ($THOUSAND)
TABLE 73. SAUDI ARABIA SOLAR EV CHARGING MARKET, BY CHARGING LEVEL, 2021-2031 ($THOUSAND)
TABLE 74. SAUDI ARABIA SOLAR EV CHARGING MARKET, BY SYSTEM, 2021-2031 ($THOUSAND)
TABLE 75. SAUDI ARABIA SOLAR EV CHARGING MARKET, BY APPLICATION, 2021-2031 ($THOUSAND)
TABLE 76. UAE SOLAR EV CHARGING MARKET, BY CHARGING LEVEL, 2021-2031 ($THOUSAND)
TABLE 77. UAE SOLAR EV CHARGING MARKET, BY SYSTEM, 2021-2031 ($THOUSAND)
TABLE 78. UAE SOLAR EV CHARGING MARKET, BY APPLICATION, 2021-2031 ($THOUSAND)
TABLE 79. REST OF LAMEA SOLAR EV CHARGING MARKET, BY CHARGING LEVEL, 2021-2031 ($THOUSAND)
TABLE 80. REST OF LAMEA SOLAR EV CHARGING MARKET, BY SYSTEM, 2021-2031 ($THOUSAND)
TABLE 81. REST OF LAMEA SOLAR EV CHARGING MARKET, BY APPLICATION, 2021-2031 ($THOUSAND)
TABLE 82. ISUN, INC.: KEY EXECUTIVES
TABLE 83. ISUN, INC.: COMPANY SNAPSHOT
TABLE 84. ISUN, INC.: PRODUCT SEGMENTS
TABLE 85. ISUN, INC.: PRODUCT PORTFOLIO
TABLE 86. ISUN, INC.: KEY STRATERGIES
TABLE 87. BHARAT HEAVY ELECTRICALS LIMITED: KEY EXECUTIVES
TABLE 88. BHARAT HEAVY ELECTRICALS LIMITED: COMPANY SNAPSHOT
TABLE 89. BHARAT HEAVY ELECTRICALS LIMITED: PRODUCT SEGMENTS
TABLE 90. BHARAT HEAVY ELECTRICALS LIMITED: PRODUCT PORTFOLIO
TABLE 91. ZHEJIANG BENYI NEW ENERGY CO., LTD.: KEY EXECUTIVES
TABLE 92. ZHEJIANG BENYI NEW ENERGY CO., LTD.: COMPANY SNAPSHOT
TABLE 93. ZHEJIANG BENYI NEW ENERGY CO., LTD.: PRODUCT SEGMENTS
TABLE 94. ZHEJIANG BENYI NEW ENERGY CO., LTD.: PRODUCT PORTFOLIO
TABLE 95. ZHEJIANG BENYI NEW ENERGY CO., LTD.: KEY STRATERGIES
TABLE 96. POWERFLEX: KEY EXECUTIVES
TABLE 97. POWERFLEX: COMPANY SNAPSHOT
TABLE 98. POWERFLEX: PRODUCT SEGMENTS
TABLE 99. POWERFLEX: PRODUCT PORTFOLIO
TABLE 100. POWERFLEX: KEY STRATERGIES
TABLE 101. EMPOWER SOLAR: KEY EXECUTIVES
TABLE 102. EMPOWER SOLAR: COMPANY SNAPSHOT
TABLE 103. EMPOWER SOLAR: PRODUCT SEGMENTS
TABLE 104. EMPOWER SOLAR: PRODUCT PORTFOLIO
TABLE 105. EMPOWER SOLAR: KEY STRATERGIES
TABLE 106. HES SOLAR.: KEY EXECUTIVES
TABLE 107. HES SOLAR.: COMPANY SNAPSHOT
TABLE 108. HES SOLAR.: PRODUCT SEGMENTS
TABLE 109. HES SOLAR.: PRODUCT PORTFOLIO
TABLE 110. PAIRED POWER: KEY EXECUTIVES
TABLE 111. PAIRED POWER: COMPANY SNAPSHOT
TABLE 112. PAIRED POWER: PRODUCT SEGMENTS
TABLE 113. PAIRED POWER: PRODUCT PORTFOLIO
TABLE 114. PAIRED POWER: KEY STRATERGIES
TABLE 115. KEBA: KEY EXECUTIVES
TABLE 116. KEBA: COMPANY SNAPSHOT
TABLE 117. KEBA: PRODUCT SEGMENTS
TABLE 118. KEBA: PRODUCT PORTFOLIO
TABLE 119. KEBA: KEY STRATERGIES
TABLE 120. BRIGHTFIELD TRANSPORTATION SOLUTIONS.: KEY EXECUTIVES
TABLE 121. BRIGHTFIELD TRANSPORTATION SOLUTIONS.: COMPANY SNAPSHOT
TABLE 122. BRIGHTFIELD TRANSPORTATION SOLUTIONS.: PRODUCT SEGMENTS
TABLE 123. BRIGHTFIELD TRANSPORTATION SOLUTIONS.: PRODUCT PORTFOLIO
TABLE 124. CHARGEPOINT, INC.: KEY EXECUTIVES
TABLE 125. CHARGEPOINT, INC.: COMPANY SNAPSHOT
TABLE 126. CHARGEPOINT, INC.: PRODUCT SEGMENTS
TABLE 127. CHARGEPOINT, INC.: PRODUCT PORTFOLIO
TABLE 128. CHARGEPOINT, INC.: KEY STRATERGIES
List of Figures
FIGURE 01. SOLAR EV CHARGING MARKET, 2021-2031
FIGURE 02. SEGMENTATION OF SOLAR EV CHARGING MARKET, 2021-2031
FIGURE 03. TOP INVESTMENT POCKETS IN SOLAR EV CHARGING MARKET (2022-2031)
FIGURE 04. LOW BARGAINING POWER OF SUPPLIERS
FIGURE 05. LOW BARGAINING POWER OF BUYERS
FIGURE 06. LOW THREAT OF SUBSTITUTES
FIGURE 07. LOW THREAT OF NEW ENTRANTS
FIGURE 08. LOW INTENSITY OF RIVALRY
FIGURE 09. DRIVERS, RESTRAINTS AND OPPORTUNITIES: GLOBALSOLAR EV CHARGING MARKET
FIGURE 10. VALUE CHAIN ANALYSIS: SOLAR EV CHARGING MARKET
FIGURE 11. SOLAR EV CHARGING MARKET, BY CHARGING LEVEL, 2021 (%)
FIGURE 12. COMPARATIVE SHARE ANALYSIS OF SOLAR EV CHARGING MARKET FOR LEVEL 2, BY COUNTRY 2021-2031 (%)
FIGURE 13. COMPARATIVE SHARE ANALYSIS OF SOLAR EV CHARGING MARKET FOR LEVEL 3 (DC FAST CHARGING), BY COUNTRY 2021-2031 (%)
FIGURE 14. COMPARATIVE SHARE ANALYSIS OF SOLAR EV CHARGING MARKET FOR LEVEL 1, BY COUNTRY 2021-2031 (%)
FIGURE 15. SOLAR EV CHARGING MARKET, BY SYSTEM, 2021 (%)
FIGURE 16. COMPARATIVE SHARE ANALYSIS OF SOLAR EV CHARGING MARKET FOR OFF GRID, BY COUNTRY 2021-2031 (%)
FIGURE 17. COMPARATIVE SHARE ANALYSIS OF SOLAR EV CHARGING MARKET FOR ON GRID, BY COUNTRY 2021-2031 (%)
FIGURE 18. SOLAR EV CHARGING MARKET, BY APPLICATION, 2021 (%)
FIGURE 19. COMPARATIVE SHARE ANALYSIS OF SOLAR EV CHARGING MARKET FOR PRIVATE EV CHARGER, BY COUNTRY 2021-2031 (%)
FIGURE 20. COMPARATIVE SHARE ANALYSIS OF SOLAR EV CHARGING MARKET FOR PUBLIC EV CHARGER, BY COUNTRY 2021-2031 (%)
FIGURE 21. SOLAR EV CHARGING MARKET BY REGION, 2021
FIGURE 22. U.S. SOLAR EV CHARGING MARKET, 2021-2031 ($THOUSAND)
FIGURE 23. CANADA SOLAR EV CHARGING MARKET, 2021-2031 ($THOUSAND)
FIGURE 24. MEXICO SOLAR EV CHARGING MARKET, 2021-2031 ($THOUSAND)
FIGURE 25. GERMANY SOLAR EV CHARGING MARKET, 2021-2031 ($THOUSAND)
FIGURE 26. UK SOLAR EV CHARGING MARKET, 2021-2031 ($THOUSAND)
FIGURE 27. FRANCE SOLAR EV CHARGING MARKET, 2021-2031 ($THOUSAND)
FIGURE 28. SPAIN SOLAR EV CHARGING MARKET, 2021-2031 ($THOUSAND)
FIGURE 29. ITALY SOLAR EV CHARGING MARKET, 2021-2031 ($THOUSAND)
FIGURE 30. REST OF EUROPE SOLAR EV CHARGING MARKET, 2021-2031 ($THOUSAND)
FIGURE 31. CHINA SOLAR EV CHARGING MARKET, 2021-2031 ($THOUSAND)
FIGURE 32. INDIA SOLAR EV CHARGING MARKET, 2021-2031 ($THOUSAND)
FIGURE 33. JAPAN SOLAR EV CHARGING MARKET, 2021-2031 ($THOUSAND)
FIGURE 34. SOUTH KOREA SOLAR EV CHARGING MARKET, 2021-2031 ($THOUSAND)
FIGURE 35. REST OF ASIA-PACIFIC SOLAR EV CHARGING MARKET, 2021-2031 ($THOUSAND)
FIGURE 36. BRAZIL SOLAR EV CHARGING MARKET, 2021-2031 ($THOUSAND)
FIGURE 37. SAUDI ARABIA SOLAR EV CHARGING MARKET, 2021-2031 ($THOUSAND)
FIGURE 38. UAE SOLAR EV CHARGING MARKET, 2021-2031 ($THOUSAND)
FIGURE 39. REST OF LAMEA SOLAR EV CHARGING MARKET, 2021-2031 ($THOUSAND)
FIGURE 40. TOP WINNING STRATEGIES, BY YEAR
FIGURE 41. TOP WINNING STRATEGIES, BY DEVELOPMENT
FIGURE 42. TOP WINNING STRATEGIES, BY COMPANY
FIGURE 43. PRODUCT MAPPING OF TOP 10 PLAYERS
FIGURE 44. COMPETITIVE DASHBOARD
FIGURE 45. COMPETITIVE HEATMAP: SOLAR EV CHARGING MARKET
FIGURE 46. TOP PLAYER POSITIONING, 2021

Executive Summary

According to the report titled, “Solar EV charging Market," the solar ev charging market was valued at $159.6 million in 2021, and is estimated to reach $330.9 million by 2031, growing at a CAGR of 8.1% from 2022 to 2031.

Utilization of solar energy for charging electric vehicles is an evolving idea which has taken ground over the past few years. Solar PV has proven to be an excellent solution for localized electricity generation, even for large-scale applications. Over the past ten years, researchers have tried to include solar energy for charging stations to ensure energy autonomy and reduced emissions. However, EVs have been in the market since the 1990s, and facing concerns related to grid availability and green energy solution for EVs. Over the past few years, many government bodies, automotive manufactures and other industry stakeholders have come forward to explore the new opportunities offered by combining solar and electric vehicle charging.

A solar panel harnesses the solar radiation and into electrical energy which is used to charge EV batteries with clean energy. Solar energy is one of the cleanest options for fueling the electric cars. The main advantage for solar EV charging to operate for a long time is the extended life span of solar panels. Improvement in technology is enabling solar EV charging to create new records in terms of power generation and capacity which is boosting the global EV charging market size in future. Fast solar EV charging has solar panels and connected to grid which can generate the required power to charge EVs.

Surge in awareness and promotion of using green energy solution are expected to drive the global solar EV charging market growth in anticipated period. Solar EV charging has several advantages such as energy-saving, durable, affordable, safe and eco-friendly which is expected to fuel the global solar EV charging market share in near future. The demand for solar EV charging is already high in the residential sector as solar EV charging lowers the expense on charging EV battery.

As per the solar EV charging market forecast, global trends indicate that both the EV and solar industry has been witnessing an exponential growth over the recent past. The challenges are coming in the way to make EVs as the mainstream for transportation. Both government policymakers and automakers are looking into innovative, practical approaches to address problems which is helping the solar EV charging market trends to grow in the anticipated period. In the near future, there will be a solar EV charging market opportunities such as the growing adoption of EVs in developing countries and improvement in the energy storage systems.

Governments and private organizations must collaborate to invest in research and development and provide incentives for the deployment of clean energy and charging systems to support solar EV charging market growth infrastructure. Government is investing in the public solar EV charging to lower the impact of carbon emission in the environment. Numerous state and municipal governments are either investing directly in or subsidizing solar EV charging infrastructure development within their jurisdictions. New schemes help high authorities to offsetting the installation cost of public solar EV charging on roadside and in parking lot.

Solar EV charging is sourced by clean energy and helps reduce the detrimental effect of EV charging on the electrical grid. Installing solar EV charging systems in public and private spaces has become profitable. Solar EV charging is also cost-effective in nature, as there is no associated electrical power bill with this type of charging. Installing solar EV charging ends up being cheaper than purchasing power from the grid, in the U.S. Decline in solar PV prices over the past few years as well as substantial policy measures by the government help boost the growth of the solar EV charging market.

The solar EV charging market is segmented on the basis of charging level, system, application and region. On the basis of charging level, the market is divided into Level 1, Level 2, and Level 3 (DC fast charging). On the basis of system, the market is categorized into off-grid, on-grid. On the basis of application, the market is categorized into public EV charger and private EV charger. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Presently, Asia-Pacific accounts for the largest share of the market, followed by Europe.

The solar EV charging market analysis covers in-depth information of the major industry participants. Some of the major players in the solar EV charging market include iSun, Inc., Bharat Heavy Electricals Limited, Zhejiang Benyi New Energy Co., Ltd. , PowerFlex, EmPower Solar, HES Solar., Paired Power, KEBA, Brightfield Transportation Solutions., and ChargePoint, Inc.

Key Findings of the Study

  • On the basis of charging level, the level 2 segment held the market share of more than 60.0% in 2021 in terms of revenue
  • On the basis of system, the off grid segment held the market share of around 70.0% in 2021 in terms of revenue
  • On the basis of application, the private EV charger segment held three-fourths market share in 2021 in terms of revenue
  • On the basis of region, the Asia-Pacific region held the market share of more than 30.0% in 2021 in terms of revenue

Companies Mentioned

  • iSun, Inc.
  • Bharat Heavy Electricals Limited
  • PowerFlex
  • EmPower Solar
  • Paired Power
  • KEBA
  • Brightfield Transportation Solutions.
  • Zhejiang Benyi New Energy Co., Ltd.
  • ChargePoint, Inc.
  • HES Solar.

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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