A comprehensive industry overview and market perspective are included in the latest study from MarkNtel Advisors titled Global EV Solar Charging Infrastructure Market. The research provides a detailed overview of the current market state, including market trends and the most recent advancements made globally. In-depth analysis of market size, share, industry trends, forecast, and competitive environment is covered in the report that presents clear picture of the market with relevant statistical data.
The report combines in-depth quantitative analysis with qualitative analysis; it ranges from macro-overviews of the overall market size, industry chain, and market dynamics to micro details of segment markets. This, as a result, provides a thorough overview of the industry under study as well as a profound understanding of all of its important features.
Global EV Solar Charging Infrastructure Market Definition:
EV (Electric Vehicles) solar charging infrastructure involves different components like solar panel array, battery energy storage system, EV charger, etc. integrated to provide power to EVs. The increasing popularity of EVs is pushing the requirement for their charging infrastructure, paticularly solar-based, owing to its cost-effectiveness & sustainability.
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Global EV Solar Charging Infrastructure Market Insights:
The Global EV Solar Charging Infrastructure Market is projected to grow at a CAGR of around 7.89% during the forecast period, i.e., 2023-30 owing to the increasing number of EVs worldwide.
Global EV Solar Charging Infrastructure Market Driver:
Sustainable Transition of the Energy Sector โ Climate change has necessitated the adoption of sustainable practices among almost all of the carbon emission sectors such as automotive, energy, building & construction, etc. The energy sector being one of the biggest users of fossil fuels has become the prime target of national governments from different regions of the world for reducing their carbon footprints. For instance,
In 2021, according to IEA, the biggest increase in CO2 emissions by sector took place in electricity and heat production, where total emissions by the sector reached nearly 900 Mt. This accounted for around 46% of the global increase in emissions because of the increase in the use of fossil fuels to meet electricity demand growth.
Thus, governments are shifting toward the adoption of renewable energy such as solar, wind, hydro, etc. to facilitate the transition of their energy sectors. EV charging also being one of the users of energy, thus shifting towards the use of solar-powered infrastructure to support decarbonization. Further, increasing the knowledge of consumers about the importance of eco-friendly solutions and their environmental responsibility would continue to support the adoption of solar-based EV infrastructure by global consumers in the upcoming years.
Global EV Solar Charging Infrastructure Market Leading Key Players:
Envision Solar International, Inc., SunPower, SolarEdge Technologies, Tesla, ChargePoint, Paired Power, iSun, EmPower Solar, Sunrun, Enteligent, Delta Electronics, ABB Ltd., Schneider Electric, HES Solar, EVSE Australia
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Global EV Solar Charging Infrastructure Market Segmentation:
Based on Components
– Hardware- Market Size & Forecast 2020-2030, (USD Million)
— Solar Panels
— Energy Storage Systems
— EV Equipment (Chargers, Charging Controllers, Connectors, etc.)
– Software
— Billing
— Monitoring
— Others (Maintenance, Energy Management, etc.)
Based on Type of Vehicles
– Passenger Electric Vehicles- Market Size & Forecast 2020-2030, (USD Million)
– Commercial Electric Vehicles- Market Size & Forecast 2020-2030, (USD Million)
Based on Charger Type
– Public EV Charger- Market Size & Forecast 2020-2030, (USD Million)
– Private EV Charger- Market Size & Forecast 2020-2030, (USD Million)
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Global EV Solar Charging Infrastructure Market Geographical Analysis
By Region
– North America
– South America
– Europe
– The Middle East & Africa
– Asia-Pacific
Recent Development of Global EV Solar Charging Infrastructure Market:
In 2023, Power discom BSES set up two solar charging stations for EVs at South Extension and Bhikaji Cama Place, India that cater to two, three, & four-wheeled EVs.ย The rooftop solar powered EV charging stations use renewable energy to charge EVs during daytime, but at night or on cloudy days, the chargers use grid power like any other charging station.
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